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Tim Michael, founder of Kickstart My Franchise, shares his expertise in the world of franchising. He discusses his background and how he got into franchise brokerage. Tim provides insights on evaluating franchise brands, including the importance of looking beyond financials and considering factors like the item 19 and item 20 in the Franchise Disclosure Document (FDD). He emphasizes the value of talking to existing franchisees to get a real sense of the brand's support and success. Tim also discusses different business models and the importance of considering one's comfort with sales and networking. He advises potential franchisees to be cautious of brands that grow too fast and to evaluate the support and capitalization of the franchisor. Lastly, Tim highlights the significance of budget and motivation in choosing the right franchise brand.
Takeaways
4.8
3535 ratings
Tim Michael, founder of Kickstart My Franchise, shares his expertise in the world of franchising. He discusses his background and how he got into franchise brokerage. Tim provides insights on evaluating franchise brands, including the importance of looking beyond financials and considering factors like the item 19 and item 20 in the Franchise Disclosure Document (FDD). He emphasizes the value of talking to existing franchisees to get a real sense of the brand's support and success. Tim also discusses different business models and the importance of considering one's comfort with sales and networking. He advises potential franchisees to be cautious of brands that grow too fast and to evaluate the support and capitalization of the franchisor. Lastly, Tim highlights the significance of budget and motivation in choosing the right franchise brand.
Takeaways
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