A franchise isn’t like any other business. There are specific challenges (and benefits) to this business model. Many franchises succeed, while others fail miserably. The Inc.com blog offered some thoughts last week on how to successfully franchise your business.
Jim Randolph is the CEO of Rita’s Italian Ice. Since starting to franchise that store in 1989, there have been 550 Rita’s Italian Ice stores opened across the United States. In the article, Randolph discusses what it takes to turn a business into a franchise, all while keeping the business profitable. Give it a look if you’ve ever thought about taking your business out of your local area onto a bigger stage.