---
title: "franx mistakes to avoid when franchising your business"
url: https://burnaze.com/article/0b4cbe86-056c-4b2c-8b6c-025f9b649680
source: "1851 Franchise"
original_url: https://1851franchise.com/franx-mistakes-to-avoid-when-franchising-your-business-2719445
category: "Franchise Industry"
industry: "Franchise Industry"
published: 2022-08-19T19:14:00.000Z
modified: 2026-11-01T02:10:03.730Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/76fab596f69113a635a23565e051cafd3202.jpg
---

# franx mistakes to avoid when franchising your business

**TL;DR:** Mainland CEO Nick Powills and franchise lawyer Charles N. Internicola discuss common franchising mistakes and areas of opportunity for early-stage franchises. Expanding a business through franchising requires extensive planning, resources, and adaptability.

*originally published in 1851 Franchise on 2022-08-19. [Read the original](https://1851franchise.com/franx-mistakes-to-avoid-when-franchising-your-business-2719445).*

## Story

Expanding your business through franchising may be your dream, but getting there requires extensive planning, resources and adaptability.

Mainland* CEO Nick Powills and franchise lawyer Charles N. Internicola discuss common franchising mistakes and five areas of opportunity for early-stage franchises to consider:

1. **Trust, but verify.** When discussing with consultants, ask for references and evidence to support their claims.

2. **Have a five-year business plan.** Don’t just rely on brokers or luck.

3. **Come to the table properly capitalized.** Plan to have half a million dollars to start franchising your business.

4. **Show that you have a culture that will drive margin for your franchisees.** Invest in providing a culture of support.

5. **Have a business model that works.** Growth isn’t possible if the business doesn’t bring in revenue.

## Entities

- 1851 Franchise (publication)
- Franchise Industry (sector)
- Nick Powills (person)
- business model (topic)
- Mainland (company)
- franchise culture (topic)
- business planning (topic)
- franchise funding (topic)
- franchising mistakes (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/franx-mistakes-to-avoid-when-franchising-your-business-2719445). Summarized by Burnaze (https://burnaze.com/article/0b4cbe86-056c-4b2c-8b6c-025f9b649680).