DESCRIPTION:

Franchise fees vary greatly, from a few thousand dollars to over $100,000. Some people may wonder why they should have to pay a franchise fee. However, the fee provides many benefits and is often necessary to profit in the franchise business. "It takes money to make money" is a saying that usually applies to the franchise fee.

In this episode of Franchise Hot Seat, Dr. John P. Hayes talks about what a franchise fee is and why it's essential to invest in a franchise that makes money. He also discusses the risks and benefits of starting a business from scratch versus investing in a franchise. Tune in to learn more about the franchising industry and how to make informed decisions.

TIMESTAMPS:

[1:12] Franchise fee - is it too much?

[1:51] Do franchisors make that much money?

[2:11] Looking out for yourself is your responsibility as a franchisee

[4:39] Good franchisors invest in your education

[5:53] Invest in franchises that make money

GUEST BIO:

Dr. John P. Hayes teaches franchising to college students who seek a career in franchising; people who want to buy a franchise; business owners who want to franchise a business; and Certified Franchise Executives. He is an Amazon #1 best-selling author of several books covering business, marketing, franchising, and biography. Dr. Hayes is also an international speaker at franchise conferences and an advisor to franchisors and prospective franchisees.

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast