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• Your business should have at least one unit or territory operating successfully and profitably— but it is preferable that your business has three or four units, or coverage of a substantial population or territory. You could be running these units on your own, or within the family or a known circle of people.
  
  
• You should have a register able mark for your business. If you sell products, you must register a trademark; if you sell services, you register a service mark. This is essential since your goal is to have an identifiable brand which is protected.
  
  
• The business should have long-term market potential. Businesses that capitalize on fads are not good candidates since the product or service may be passé in a few years or less. Try to make a reasonable assessment that the business product or service will be in demand for at least the next 5-10 years. Businesses that are unique in some way lend themselves well to Franchising.
  
  
• The operation of the business must be teachable. Remember that in many Franchises the Franchisee has no prior knowledge of the business. The smallest details of operating the business must be taught to the Franchisee so that he/she can be successful. Many businesses are not transferable to others because most have the decision-making and day-to-day operations emanate from an owner who has honed certain skills over many years and has certain talents, which cannot be taught. Hence you should be able to adapt to a business module where other people could be trained to do a specific set of things and it is not limited to a specific skill set which only the owner possesses.

The business owner should be sufficiently capitalized so as to not cut corners on the legal  and consulting  expense necessary to lay the franchise foundation and to formulate a strategy . In addition, as a Franchisor, you will be responsible for the formulation and implementation of a training program  and must provide a comprehensive manual  for Franchisee use. Lastly, the Franchisor should have employees on staff to administer to Franchisee needs; this may entail additional hiring of personnel or at least you could use our outsourcing your franchise recruitment  module that ensures that new franchisors do not end up spending excessively on salaries and recruitment and training costs for recruitment of franchisees. In fact we can work closely with you in helping you understand the minimal resources that you would need to put in place to start franchising your business  and how you could spend additional capital thereafter whilst you see successful franchisees coming up. Please understand the sparkleminds franchise consultancy model and how we could help you create a franchise success story