Back in the 1990’s when I first entered the world of franchising as a franchisor I remember being told a whole range of Franchising Myths and Misconceptions that in reality weren’t true.

  • I was told by one person that you shouldn’t franchise unless you have $5 million in the bank.

  • Another told me you had to be operating the business for a minimum of 3 years before you could even think about franchising.

  • Another said you can’t franchise a business for less than $150 000.

  • More recently I heard an accountant tell a potential client that a business can’t franchise unless it’s turning over more than $1 000 000 per year.