Franchises & Franchising

WHY OWN A FRANCHISE?

Franchising is a business model whose primary purpose is risk minimization NOT ELIMINATION.  Although research on the success rate of franchise and non-franchise businesses do not clearly give one method of doing business a clear advantage, franchise owners have an easier learning curve in business operations and a proven business concept.  Quality franchises have an established business practice, training, ongoing support, and comprehensive business and marketing plans.  Of course, the chance of success depends on you the candidate’s abilities, interests, financial strength, and markets served.  These factors cannot be overemphasized in establishing your business as a franchise or becoming a successful franchisee.

We think there is some truth to the “Business in a Box” perspective in franchising.  Similar to a box cake mix, you cannot empty out the cake mix into a cake pan and place it into the oven and expect a successful result.  A franchisee must bring the additional ingredients to the mix.  The franchisees’ skills, competencies, experiences, and finances are the added ingredients to complete the receipt for franchise success.

Evergreen Business Advisors, LLC utilizes an objective screening process to assess candidates ability to bring the right balance of skills and abilities to enhance their franchisee success.  Our candidates are assessed in five different areas in addition to financial and professional experience suitability.  We feel our candidates have an advantage when presented to prospective franchisors due to our validation and vetting processes.