Have you been considering getting into the restaurant franchise business, but not sure if this is the right time to do it? Is restaurant franchising on the rise in 2019? Are you primed for success?

According to the International Franchise Association’s latest report which was in 2018, the overall franchise industry is expected to continue to do well all throughout 2019. They projected that the number of franchise establishment would increase by 2.6 percent this year. And all signs so far point to a successful year not only for all franchises, but restaurant franchises in particular.

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Your business is doing great so it seems like the perfect time to expand right? of course, there are different ways to do it, from opening up a second location yourself to franchising your business. With franchising your business, there is less hands on work for you to do then if you run everything yourself, but as with anything, there are always risks.

Here are 4 important things to know before franchising my business.

1. Perfect If You Don’t Want to Invest Too Much

On your own, opening a second location can cost a lot of money, but by becoming a franchisor, you will have franchisees who will pay you to establish their own franchise units.

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Investing in a franchise is a full-time commitment and it can seem a bit overwhelming if you have never done this before. Because starting up a franchise is a 24/7 operation, you need to be laser-focused and as productive as possible during your day.

Here are 11 productivity tips for franchise investors:

1. Keep Your Work Area Clean & Organized

In today’s world, there are always so many different distractions that keep us from being productive. Don’t let your desk or work area be one of them.

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It has always been your dream to own your own business, and now you are ready to do it. You are excited, but there are still so many decisions to make before you open your doors. For one thing, do you want to open your own independent business or a franchise?

While you would have complete creative control of an independent business, you will also be taking on all the risks by yourself too, and you won’t have an experienced company backing you up either.

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The best thing about any franchise investment is the convenience that it affords any up-and-coming business owner. For most franchise opportunities, the groundwork has already been laid, the business has been tested and improved through time, and operational requirements are easy to prepare.

However, with the sheer number of franchising opportunities abound, you need to evaluate a franchise if it’s worth your time, effort, and money. In short, choosing the best franchise requires careful assessment and evaluation in order to fit your business needs.

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There’s nothing small about putting up a small restaurant. You may be looking at a conservative startup with a limited budget, but the amount of planning and preparation needed to pull it off may overwhelm you.

If you’re eager to start a new food business at a small scale, let the following strategies lead you to succeed in your small restaurant venture.

Here are 8 Tips to consider on how to start a small restaurant business.

1. Decide on the kind of restaurant that you will run.

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Have you always wanted to own a restaurant, but are afraid of investing in a large one and then having it flop? You don’t have to jump into a large restaurant business at the onset. There are plenty of small restaurants that thrive and do well in today’s market.

Check out these 4 unique small restaurant ideas:

1. Cookie Dough Shop

Edible cookie dough is all the rage right now and would make the perfect small business venture. You don’t need a large dining room and you won’t need as much equipment and inventory as you would with a full service restaurant.

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If you own a business, especially a restaurant in today’s competitive markets, then a good social media strategy is a must. Did you know that there are over 200 million posts tagged #food and 23 million tagged with #drinks, food and beverage photos on Instagram? Dubbed food porn it is the one of the most popular type of content on the social media channel.

In addition, almost 90% of people are influenced by reviews and online comments. If you are not on any social media channels now is the time to get started.

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Any business venture can be risky, and even though franchise programs have some built-in safety measures, some missteps still could sink your ship. Research and full preparation before opening and hard work always are essential ingredients for any successful business.

While most franchise programs offer you some classroom and onsite training, they don’t have the time to teach you everything you need to know about being a business owner. Things like managing your finances and filing your taxes you need to learn own your own. And no one is going to force you to give the attention to the day to day operations of your restaurants it needs.

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When you start a new business, those first few months you are focused on making sure all operations are running smoothly and attracting customers, but you need to be thinking about the future too.

You should always have a plan for growth. This is separate from your day-to-day responsibilities as a business owner. Think of it as your long term plans.

Here is a Business Owner’s Guide to Planning for Growth in 2019 to help.

Scalability of Your Business

Even before you solidify all your plans to open your business, you should already be asking if your business is scalable.

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