Franchise Development Business

6 Tips For Starting A Successful Franchise Development Business (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own franchise development business? Here are some tips you should know:

Learn more about starting a franchise development business:

Where to start?

-> How much does it cost to start a franchise development business?
-> Pros and cons of a franchise development business

Need inspiration?

-> Other franchise development business success stories
-> Marketing ideas for a franchise development business
-> Franchise development business slogans
-> Franchise development business names

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a franchise development business:

#1: JD Busch, founder of Busch Global:

We chatted with with John, founder of Busch Global ($1M/month). In our interview, John says:

There are too many franchise concepts that sell too many locations without the ability to support those locations.

Additionally:

Sometimes things are out of your control and that’s OK. You keep strong communication going and you plan, execute, and accept that it may not work.

Further:

There is a lot of truth to the idea that you don’t know what you don’t know. If you surround yourself with people who have the experience, it is very likely that one of them will have gone through and solved what you are dealing with at any moment in time.

Read the full interview ➜

#2: Andrew Hoffman, founder of My Franchise Partners:

We chatted with with Andrew, founder of My Franchise Partners ($10K/month). In our interview, Andrew says:

It was important to feel comfortable that my experience and skill set could bring value and that there is a real opportunity for a person with my background.