Entrepreneur expands opportunities through franchise model

In 2018 BLACK ENTREPRENEURSHIP readers met HaKika Wise, founder and CEO of the Kika Stretch Studio franchise. Fast forward to today, and Wise’s business has six locations in 4 states. Wise has expanded her reach into the franchising world by helping other small business owners change into franchisors by converting their businesses into franchises.

With the launch Black Box FranchiseWise is partnering with fellow entrepreneurs Daren Hawthorne and Jae Sims. Hawthorne will function president and Sims as COO. Together, they launched a groundbreaking program that helps Black entrepreneurs turn their small businesses into franchises, all for lower than $40 a day. TO BE I used to be excited to learn more concerning the Black Box Franchising offering and the way one can turn their business right into a franchise at such a low price.

What led you to give attention to transforming small business owners into franchisors?

I used to be alarmed by the speed at which small businesses were permanently closing. Watching dreams and labor crumble was heartbreaking. This urgency ignited a passion inside me to search out a sustainable solution. The challenges these businesses face—overwhelming operating costs, market uncertainty, and the isolation of going it alone—can seem insurmountable. I knew we would have liked a model that might provide not only survival but a path to growth.

That’s when the thought of ​​franchising crystallized as a strong solution. By turning small business owners into franchisors, I give them the possibility to expand their reach and stabilize their business with a proven, scalable model.

At Black Box Franchising, we don’t just help firms change into franchisors; we teach them what it means to be a successful franchisor. When I became a franchisor myself, I noticed there was a major gap in understanding what the role really entailed. That’s why I developed a comprehensive course embedded in our program. This course covers all the things from legal and operational frameworks to branding and scaling strategies.

We consider in the facility of community and shared success. By integrating small businesses right into a larger network of franchises, we create a support system where knowledge, resources, and successes are shared. This collaborative approach significantly reduces the isolation and pressure that small business owners often face.

What services does Black Box offer that make it easy for small businesses to change into franchisees at such an inexpensive price?

We help them learn the art of constructing a brand and scaling through franchising. We also added a built-in course that teaches them concerning the world of franchising and what it means to be a franchisor. We use Black Box Franchising to assist educate and elevate small businesses across America.

We offer a comprehensive suite of services designed to rework small businesses into successful franchises. Our services include Branding and Marketing Support, Franchise Development, Training Programs, Financial Advice, Community and Certification.

Making these services reasonably priced is a key a part of our mission. We achieve this through multiple strategies that leverage economies of scale, streamlined processes, and technology integration.

What are a very powerful things a business owner needs to know before deciding to change into a franchisor?

The decision to change into a franchisor is a major step that requires careful consideration and planning. We consider ten elements: is it a proven business model, are you able to provide comprehensive training and support, understanding of legal and regulatory requirements, do you may have the required financial investment, brand consistency, effective marketing strategies, operational systems, community and culture, long-term commitment and risk management.

By fastidiously considering these aspects and preparing thoroughly, business owners can set themselves up for achievement as franchisors. At Black Box Franchising, we guide business owners through each of those critical steps, providing the expertise and support they should construct a thriving franchise network. Our mission is to assist businesses scale sustainably, creating lasting success and opportunities for growth.

I understand you may have eight latest franchisors within the pipeline – congratulations! How long does it take to go from an independent business to a franchisor using the Black Box program?

Thank you! We are excited to announce that we now have nine latest franchisors in our pipeline. Each of those firms has a singular story and potential, and we’re excited to assist them on their journey to becoming successful franchisors.

The time from independent business to franchisor can vary depending on several aspects, but generally speaking, it takes between six and twelve months under the Black Box program. At Black Box Franchising, we understand that each business is different, as are its needs. That is why we create plans tailored to the needs of each business owner.

We also offer flexible payment plans and financing options to make our services accessible to businesses at various stages of growth. Our team provides ongoing financial advice and support to assist them navigate the complexities of franchising without breaking their budget.

Does Black Box offer every other services beyond converting businesses into franchises?

Absolutely. At Black Box Franchising, our mission goes beyond simply converting businesses into franchises. We offer a variety of services designed to support and elevate small businesses at various stages of their journey.

One of our key services is franchise placement. We help brands which can be already franchised find qualified candidates to affix their network. Our goal is to create pathways for aspiring entrepreneurs to own and operate successful franchises, thereby promoting economic empowerment in our communities.

In addition to franchise services, we provide a comprehensive suite of business support services including business development, branding and marketing, training and education, financial planning and management, franchise sales and matching, trademark services, and community constructing.

By offering these diverse services, Black Box Franchising provides businesses with the great support they need to succeed in their full potential, whether or not they want to franchise or just strengthen their existing operations.