TEAM Rennick
Starting a Franchise
Many small business owners are interested in franchising their business. Having built American Leak Detection to over 360 franchises in 44 states and 13 foreign countries, I can help you navigate through the process and paperwork to your launch and beyond.
Is your business franchise-able?
- Can it be duplicated?
- Is there a need for this business in other states or countries?
- Can you teach someone else how to do it?
If you answered “yes” to all of these questions, then your business can begin the journey to becoming a franchise. We will work together to trademark your name and intellectual property, create a business plan entailing expected costs, write a franchise operations manual, and set your franchise and royalty fees.
The final and most important step is to prepare the federally required Uniform Franchise Disclosure Document (UFDD). Any potential franchisee must receive this document prior to signing on to your franchise team, and you are now ready to launch.
The TEAM Rennick approach goes beyond just taking you through the process so that you can sell your first franchise. I work with you for the first 9-12 months after the launch, as your franchisor advocate. I will walk with you through these first phases, putting into place networking and mentoring programs, coordinating your internal processes and procedures, and developing support systems for your franchisees as your system grows.
One of the most popular services TEAM Rennick offers is the Interim CEO program, where I serve as your CEO to help you successfully, launch, establish and grow your concept. I help franchisors avoid wasting time and money making rudimentary mistakes with their concepts, based on my own experiences. We work together to establish a strong business model that can support steady growth and achieve long-term success.
I encourage you to watch one or all of the following interviews I did on SBTV, the Small Business Television Network. The topics are of great interest to anyone who is considering franchising their business, and will also give you a personal insight into my expertise and approach to successfully starting a franchise.
- “Are You Right for Franchising?”
In this video franchise coach Dick Rennick provides valuable insight into factors to consider when evaluating YOURSELF as to whether you make a good franchisee. As a franchise consultant Dick has a very unique perspective having built a major franchise system and then rise to the top of the IFA. Dick covers many important aspects of franchising in this video. You will discover right away why people refer to Dick Rennick as "Coach". Dick's video appears immediately after a short commercial. Enjoy! -
http://www.sbtv.com/Topics/1029
- “Independent Business vs. Franchising”
In this video franchise expert Dick Rennick discusses the potential of converting your existing business into an existing franchise. OR converting your business into your own franchise system as a franchisor. Coach Rennick discusses the important things to consider including State and Federal Regulations, required documents, and the infrastructure you need to succeed. Dick has a great knowledge base of franchise evaluation and development. He also bullet points the pros and cons of franchising and answers the obvious question "Where do I start?"-
http://www.sbtv.com/Topics/1036
Today's economy has led to many couples considering a "mobile franchise" where they bring the service to you like home care, screen repair, window washing etc. It is a great concept to consider and franchise expert Dick Rennick points out all the ins and outs to consider. Hopefully when you watch these videos you will experience Dick's care and consideration about your best interests. It is what sets him apart
-http://www.sbtv.com/Topics/1038
- “Franchise Opportunities for Baby Boomers”
20% of all Baby Boomers will try to start their own business and will be considering franchising. Franchising is especially attractive to this age group. Baby Boomers want to stay active and get involved with business concepts that allow for a quick ramp up. Franchising is perfect and Dick shines the light on what to keep in mind as a Baby Boomer. -
http://www.sbtv.com/Topics/1031