Discover the answers to your top of mind questions about franchising in this Entrepreneur Adventure podcast as we discuss the process for figuring out if franchise ownership is a fit for you.
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For the average person looking at owning their own business, how do they figure out which are the great franchises to consider and the not-so-great franchises to stay away from?
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What is the information they look for to try to quantify the good from the bad?
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Who is a good candidate to be a franchisee? What makes them a good candidate?
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What is in a franchise system to protect the new business owner to avoid the mistakes and burn out of the startup entrepreneur?
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What are the tradeoffs of franchising versus startup ownership?
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What kind of money does it take? How can it be financed?
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Can someone remain in their corporate job and buy a franchise on the side as a Plan B?
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Do you really have to have multiple locations to make any real money as a franchisee?
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When is an entrepreneur really ready to start selling franchise licenses to franchisees?
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What is the success rate of entrepreneurs who start offering franchise licenses to others?
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What mistakes can new franchise owners be prone to make?
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Are people choosing franchises in industries in which they already know or doing something completely new?
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What does it look like and cost to work with you?
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What does selling/exiting a franchise look like?
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What are the fees you have to pay to be a part of a franchise?
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What are the hot industries in franchising you’d look at?
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What about converting an existing independent small business to a franchise brand – pros and cons?
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If I own a franchise, what creative opportunity do I have?
If you’re seriously considering business ownership opportunities, let’s talk about the right strategy to suit your personal and professional goals.
