As any small entrepreneur with a desire to grow their business will tell you there is more work than hours in the day. Typically speaking, many businesses stall at various stages of their growth and hundreds of franchisors stall well short of 100 units. They do not have the inherent capacity to embrace more growth.
Most business people recognize they need to be experts at two primary functions:
1 – Running their core business, which is the systems and processes necessary to deliver a quality product or service to their customer
2 – Growing the business involves a commitment to training, developing and documenting standard operating standards and procedures and building effective systems
At My Franchise Partners we have a team of professionals experienced in the business of building a business. We focus on growing your business while you focus on your core activities that run the business.
We work through the various stages of development: 1 – Foundation; 2 – Scaling the Business 3 – Creating value.
These efforts include managing expansion and business development efforts; building systems that allow for scalability and accelerating growth through brokers and organic development.
Succession planning is the ultimate end game and that may include passing the torch to the next generation of the family or liquidation to an outside party. This requires careful years in advance.
There are multiple means to satisfy this long-term process.
1 – Fee for service; a long-term perspective needs to be discussed and managed in a manner that is equitable for everyone
2 – Equity stake that both parties agree with; not every small business owner is comfortable releasing equity in their company. The arrangement is carefully arranged to be beneficial to both sides.
My Franchise Partners is not investing money in your business, we serve as the development arm of the company.
An experienced team beside you step by step, ensures peace of mind as your business grows.
Contact us today to turn your business idea into a franchise or to become a franchisee
“Andrew Hoffman is a deal maker who works hard, has the business savvy and the commitment to do a job well. He is a straight shooter and is able to get things done quickly. Quality is his highest priority and he is very strict with his standards. Andrew has been an innovator and has helped people of all types in the franchises community to achieve greater levels of success.”
Franchise Brokers Association