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Business: The Franchise Business Model
Summary
This conversation was focused on the advantages of investing in a franchise. This investment is not for the faint of heart and requires a significant amount of liquid cash. However, the payoffs are worth it if the franchise is a product that the investor is passionate about and the market desires.
Investing in a franchise is also kind of like investing in a bond portfolio. Additionally, they discussed some of the other advantages of franchising being, shared purchasing with other franchisees, access to technology, and assistance with finding the best locations for the business. Overall, investing in a franchise can be a great way to become an entrepreneur and have some back support while still having the freedom to be creative with the business.
Chapters
0:00:01
Heading: Exploring the Franchise Model with Smoothie King: Cool Drinks and Smoothie Bowls for Summertime
0:02:00
Discussion of Smoothie King Franchise Business Model
0:03:57
Conversation Summary: Investing in a Franchise Model
0:11:59
Heading: Leveraging Bank Money to Make Money with a Franchise Model
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us
Social Media Handles
- Follow Philip Washington, Jr. on Instagram (@askphillip)
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
View all episodes
By Phillip Washington Jr.
4.9
2828 ratings
Summary
This conversation was focused on the advantages of investing in a franchise. This investment is not for the faint of heart and requires a significant amount of liquid cash. However, the payoffs are worth it if the franchise is a product that the investor is passionate about and the market desires.
Investing in a franchise is also kind of like investing in a bond portfolio. Additionally, they discussed some of the other advantages of franchising being, shared purchasing with other franchisees, access to technology, and assistance with finding the best locations for the business. Overall, investing in a franchise can be a great way to become an entrepreneur and have some back support while still having the freedom to be creative with the business.
Chapters
0:00:01
Heading: Exploring the Franchise Model with Smoothie King: Cool Drinks and Smoothie Bowls for Summertime
0:02:00
Discussion of Smoothie King Franchise Business Model
0:03:57
Conversation Summary: Investing in a Franchise Model
0:11:59
Heading: Leveraging Bank Money to Make Money with a Franchise Model
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us
Social Media Handles
- Follow Philip Washington, Jr. on Instagram (@askphillip)
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.