Franchise Consultant
Franchise Broker
Brand Recognition
Franchising
Own Your Future
Transferable skills
industry experience
franchise consulting
Franchisee Questions
Lifelong learning
Franchise Selection
Franchise ownership
investing
be your own boss
Who Wins?
Proven System
Business Ownership
FDD
Investment
Buying a Franchise
Cost of Franchise Ownership
Franchisee
Own your own business
Franchise Jargon
Terminology
Day one business ownership
Franchise Disclosure Document
Understanding Franchising
Due Diligence; Validation
Franchising Cost
Validation
Due Diligence
Item 19
Semi-Absentee
passive income
Discovery Day
When I tell people I am a franchise consultant, one of the first questions is often:"So, do you sell franchises?"That is understandable, but it is not how I think about the role.A good franchise consultant helps a candidate organize the search, understand the process, identify businesses worth ...
Read MoreDiscovery Day can sound like the finish line in the franchise selection process.It is not.For many franchise systems, Discovery Day is a later-stage opportunity for a prospective franchisee and the franchisor to spend more time together, meet key people, and decide whether there is a good fit on ...
Read MoreFranchising can be a powerful path to business ownership.But timing and fit matter.There are situations where the right decision is to wait, keep looking, or choose a different path.When the Finances Are Too TightThe initial investment is only part of the commitment.You will also need working ...
Read MoreThe phrase semi-absentee ownership gets a lot of attention in franchising.It sounds appealing.Own a business. Keep your career. Hire someone else to manage the day-to-day operation.That model does exist.But “semi-absentee” should never be confused with no involvement.You’re Still the OwnerEven with ...
Read MoreIf you're investigating franchise opportunities, one section of the Franchise Disclosure Document will probably get your attention quickly:Item 19.Item 19 is where a franchisor may make a Financial Performance Representation, often called an FPR.In plain English, this is where the franchisor may ...
Read MoreOne of the most valuable parts of evaluating a franchise is something called validation.Validation is when a prospective franchise owner speaks directly with people who already own the franchise.This is where the opportunity starts becoming real.The franchisor can explain how the business is ...
Read MorePeople often begin a franchise search by asking:Which franchises are the best?I think there's a better question:Which franchises fit what I want to build?A great franchise for one person could be completely wrong for another.Before looking at brands, think about a few things.What Role Do You ...
Read MorePeople often assume they should buy a business in an industry they already know.Sometimes that's useful.But in franchising, it isn't always necessary.In many systems, the franchisor expects new owners to arrive without deep industry experience because they already have the winning playbook.That's ...
Read MoreOne of the easiest ways to become interested in a franchise is to love the product.Maybe it's your favorite restaurant.Maybe your kids love the place.Maybe you've been a customer for years.That can make a brand interesting.But it doesn't necessarily make it the right business for you to own.Think ...
Read MoreMost people don't wake up one morning knowing exactly which franchise they want to buy.They start with questions.Here are seven of the most common:1. How much money do I need?It depends heavily on the business model. Total investment matters much more than the franchise fee alone.2. Do I need ...
Read MoreFinding a franchise you like is not the end of the search.It's the beginning of the investigation.The purpose of due diligence is to move beyond the presentation and understand the business well enough to make an informed decision.A good investigation should include several different ...
Read MoreWhen you are ready to take the next step in your career and become an entrepreneur, don’t just Google franchise opportunities and try to find a company that matches your skill set!When you search for franchise opportunities on the internet, it’s easy to get shut down right away. You come up with ...
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