Before endeavoring to franchise a business, New Day Consulting Systems, LLC requires all clients have a franchise master plan. A franchise master plan is a guiding, governing document that charts the course for the franchise system and includes several key elements for the franchise such as: business model, marketing model, leadership team, suppliers/vendors, real estate and location requirements, skill sets required, market penetration, market competition, ideal franchisees, ideal customers, marketing/sales plan, technology/innovation plan, intellectual property protection, franchisee onboarding and ongoing training. The franchise master plan is the document that will be used develop other critical franchise documents. The franchise master plan may be used to secure bank funding or angel funding. An agreement must be executed prior to New Day Consulting Systems, LLC beginning the work.