Buying a franchise sounds exciting. Well it should be a great step in a hopefully successful journey, but how do you know if that company you can afford. Talk with Nick and Charles to hear they takes on buying a franchise.

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Sure, 2022 has begun, but that doesn't mean you should be prepared to wiggle and dance your way through your budget, budgeting and deployment. N&C will talk $$$.

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Yay! 2021 has officially come to an end. Start making those New Year's Resolutions and end the year and start the next year on a positive note. 

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With Charles an expert in the legal side of franchising, Charles discusses along with Nick all you to know to be successful.

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Scott Thompson joins the show along with Nick to discuss how he brought franchises up and then sold those franchises for eventual profits.

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Join Nick & Charles in a discussion with Threshold Brand's Scott Sutton about some successful strategies to help progress your franchise.

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Most successful things start with a plan and a strategy to continue success. Join Nick & Charles in a discussion with Raintree's Brent Dowling and how to have a plan when deploying franchise sales. 

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Franchising is a beautiful thing for many businesses. It is a two-way street of opportunity -- both for franchisors and franchisees alike.

Why do entrepreneurs franchise?

Most likely it is a combination of reasons:

They have created a model they believe is scalable and can be duplicated.

They may or may not have the financial resources to scale at the pace the market demands, thus, are willing to allow others into the business in exchange for royalty and to offset speed and cost to expand.

Someone asked them about franchising opportunities.

They built the model with franchising in mind.

No matter what caused the entrepreneur to franchise, once official (https://www.franchiselawsolutions.com/blog/the-franchise-registration-states/) they now have a pathway to grow through a collective.

Once a franchise, a few things to consider:

It is not easy to sell a franchise -- and arguably even more difficult as an emerging brand. Why? You are convincing someone to invest their life’s savings into a business where they really don’t have much control over -- and, most likely, are also quitting a job or shifting a career focus.

You will battle many franchisors for deals. Why? Everyone wants qualified and ready to buy leads -- thus, they will spend $$$ to snag them.

You will also compete against the broker networks for deals. They have infiltrated local markets and have a firm grip on those raising their hands saying they are interested in owning a franchise.

You will absolutely, 100 percent have to support your franchisees. They will need you to drive their success. And their success will drive yours.

So, should you franchise? If you have a business that is profitable, a plan to support franchisees, a plan to grow your business, and an ultimate exit strategy in mind -- then, franchising could be a great answer to the next level of your business growth.

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Fortunately or unfortunately, there are a lot of franchises out there. You could go on a stream of options, like like Benjamin Buford “Bubba” Blue could with shrimp.

Dog poop picking up franchises.

Pet food franchises.

Pet grooming franchises, that are brick & mortar.

Mobile grooming franchises.

Dog walking franchises.

Dog hotel franchises.

Cat hotel franchises.

Dog training franchises.

Shall we continue?

So, often times, a franchise isn’t created because it is a new idea (should we go down pizza and burgers?), rather, a start-up location has some early success (hint, most likely it is in the operations and branding) and decides they want to grow. But, they don’t want to grow by spending a ton of their own money, rather using others -- called franchisees.

At this point, what do they do?

How much should they budget to become a franchise?

Can they sell them without being an “official franchise”?

All key information needed to decide whether you want to be a franchise or not.

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How do you measure your ROI when it comes to franchise sales, the broker networks and your growth. What should you expect on ROI from franchise marketing?

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