The CEO Project Podcast

Franchise Series: Why Most People Choose the Wrong Franchise


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Could choosing the wrong franchise cost you years of time, money, and opportunity before you even realize you've made the mistake?

If you're considering franchise ownership, it's easy to get distracted by big brand names, flashy marketing, or promises of financial freedom. But as you'll hear in this first episode of a three-part franchising series, the wrong franchise isn't always a bad franchise—it's often a franchise that doesn't fit your goals, skills, lifestyle, or vision for the future. Understanding how to evaluate opportunities before you invest can help you avoid expensive mistakes and increase your chances of building a business worth owning.

What You'll Gain From This Episode:

  • Learn the most common reasons entrepreneurs end up choosing the wrong franchise and how to avoid those costly pitfalls.
  • Discover the key questions to ask when evaluating franchise opportunities, franchise culture, support systems, and long-term growth potential.
  • Understand how your personality, experience, risk tolerance, and goals should influence your franchise selection process.

Before you invest a dollar into franchise ownership, listen to this episode to learn how to avoid the wrong franchise and identify opportunities that align with your vision for growth and long-term success.

Check out:

  • 3:35 – Should You Buy an Established Franchise or Take a Risk on a New Concept? Matt Stevens explains why some investors are attracted to emerging franchise brands and the risks and rewards of getting in early.
  • 16:50 – The Hidden Costs and Challenges of Becoming a Franchisor Learn why franchising isn't a shortcut to growth and what business owners often underestimate when expanding through a franchise model.
  • 29:15 – The Biggest Reason People Choose the Wrong Franchise Matt shares why franchise success starts with understanding your own goals, lifestyle, and motivations—not just finding a popular brand.
About Matt Stevens

The Franchise Guy, Matt Stevens, is among the more experienced franchise consultants in the country, with more than thirty years in the industry. He has owned four businesses, been Rookie Franchisee of the Year, turned around struggling divisions, and served as a quality board member and partner inside a two-billion-dollar franchise group. Matt is a FranChoice Gold and Century Club member, a Business First Columbus Forty Under 40 honoree, and the author of Franchising 101, an introductory course to franchising. He holds three business degrees from Florida Southern College and Wake Forest University, and is a MENSA member

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The CEO Project PodcastBy Jim Schleckser

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