The dream of business ownership can be both thrilling and intimidating. The idea of starting and running your own small business is alluring, but the prospect of facing it alone can be intimidating, and navigating the franchising process requires knowledge and a great deal of preparation. The International Franchise Professionals Group (IFPG) is the largest franchise consulting network in the world, offering informed guidance to franchisors, franchise consultants and those aspiring to become business owners. In this article, we’ll discuss some of the common questions those exploring the advantages of franchising ask as they seek reliable information to build a roadmap to their path to success.
What is franchising?
Franchising is an agreement between a franchisor and a franchisee that permits a franchisee to enter into the ongoing business of the franchisor. The franchisor provides structure and operating systems, as well as brand reputability, to the franchisee in exchange for operating fees, royalties and an ongoing support network from the franchisor. The IFPG provides member franchise brokers with access to a vast array of support systems, resources and insight into the franchising process to ensure their journey to success is quick and efficient.
How do you choose the right franchise for you?
The decision to become a franchisee can be daunting, as there is a veritable ocean of franchised businesses available today. It is important to weigh the advantages and disadvantages of each opportunity before making a commitment. The best way to find a franchise that fits your financial situation, location and needs is to review a comprehensive franchising guide available from the IFPG. This includes consulting experts who can independently evaluate and narrow down your choices. It is essential to understand the obligations you and the franchisor will have before signing any agreement.
How can IFPG help me?
The IFPG assists aspiring entrepreneurs in navigating the entire franchising process by helping you find the ideal franchise fit. Our purpose-driven mission is based on integrity, ethics and collaboration and our network of more than 1,300 members will help guide you through the process of investing in and operating a franchise business. Our innovative programs and training will provide you with the guidance necessary to make an educated decision as to whether the business opportunity you are exploring is right for you. We provide marketing, contract negotiation, and ongoing guidance to ensure your success in the franchising sector.
What is a franchise broker?
A franchise broker is a professional that helps potential investors with their franchising options by providing advice and acting as an intermediary between the franchisor and franchisee. Franchise brokers provide information on the leading franchisors and provide guidance to franchisees as they complete the necessary steps to becoming their own business owner. The IFPG’s group of franchise brokers are knowledgeable industry leaders who have a thorough understanding of each franchising opportunity available.
What support and guidance can IFPG provide?
The IFPG has created a suite of services to equip and empower entrepreneurs across the globe to reach their goals. Our consulting services draw on the collective expertise of our 1,300+ members. In addition, the IFPG provides comprehensive franchise education and training for both established and aspiring entrepreneurs.
What are the benefits of joining the IFPG?
Members of the IFPG benefit from an array of resources that can help you find success. As part of the IFPG, you have access to the largest franchise consulting network resources available, as well as valuable industry advice and education. You also receive continued support from our knowledgeable network once you have established your own franchise. The IFPG is a family-like organization dedicated to providing excellence in franchising.
Franchising is a viable option for those who have dreams of business ownership accompanied by the supports of experienced professionals. Through collaboration, integrity, and ethics, the IFPG helps aspiring entrepreneurs identify and invest in the right franchise for them. With our comprehensive network of resources, the IFPG provides quality support and guidance to businesses looking to break into the franchising world and establish their path to success.