Franchising and You

"While franchising’s prevalence in the U.S. economy indicates that franchisees can succeed, hundreds of franchisees fail each year. The most frequent causes: lack of funds, poor people skills, reluctance to follow the formula, a mismatch between franchisee and the business, and poor management. Often, it’s the small stuff that separates winners from losers." - WSJ.com

This week on Franchising & You, long-time franchise veteran and entrepreneur, Stuart Williams talks about things franchisees should not only be prepared to do, but committed to do to give themselves every chance possible for success. Franchisees must do their part to help build the right culture while also following through on their passion for the brand, adequate capitalization, conformity to systems and involvement in the franchise family.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends Financial, Spadea Lignana and Retail Solutions.

Returning as a guest to Franchising & You is Holly A Ford, Entrepreneur, Executive Franchise Broker, Radio Host and Author. Fresh on the heels of the recent publication of her best-selling book, Create Your Own Wealth, a Collection of 2-Minute Topics on Franchising, Holly shares her goals and objectives around the book's development along with the motivating factors that led her to 'putting her thoughts down on paper.' The book's Table of Contents is like no other with riveting chapters including, World Domination - Creating Wealth through Franchise Expansion, We are the World - The Social Entrepreneur, and Diamond in the Rough - Why Invest in an Unprofitable Business. 

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends Financial, Spadea Lignana and Retail Solutions.

"When the IFPG trains new Franchise Consultants, we always instruct them to take the next step in their career by making the wise investment of time and effort into getting their CFE asap" - Red Bowell, President of International Franchise professionals Group (IFPG)

This week on Franchising & You, newly appointed president of the International Franchise Professionals Group, Red Boswell is our guest. Based upon his insight from his experience working with third-party sellers, Red shares his perspective on how candidates can greatly benefit by understanding the value of the Franchisor / Franchise Consultant relationship. Red also provides input on the growing home-based sector of franchising and how the Franchise Consultant helps close the gap often filled by the candidate's lack of personal experience with the brand. 

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends Financial, Spadea Lignana and Retail Solutions.

This week on Franchising & You the discussion focuses on doing what it takes to achieve self-sufficiency when transitioning into Career 2.0. Our guest is Terry Powell, Visionary Founder of The Entrepreneur's Source, North America's leading alternative career coaching franchise. Terry shares his extensive experience coaching thousands of individuals toward owning their desired outcome - Income, Lifestyle, Wealth & Equity.

Providing insight that it may be time to take control of your professional life by creating Your Career 2.0, taking a deep dive into owning your own business, Terry is proud of his long-standing process that has led to approximately 95% of The Entrepreneur's Source clients choosing business ownership options they admittedly would have never looked at on their own, or had thought of, and had prematurely dismissed.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends Financial, Spadea Lignana and Retail Solutions.

"While franchising’s prevalence in the U.S. economy indicates that franchisees can succeed, hundreds of franchisees fail each year. The most frequent causes: lack of funds, poor people skills, reluctance to follow the formula, a mismatch between franchisee and the business, and poor management. Often, it’s the small stuff that separates winners from losers." - WSJ.com

This week on Franchising & You, long-time franchise veteran and entrepreneur, Stuart Williams talks about things franchisees should not only be prepared to do, but committed to do to give themselves every chance possible for success. Franchisees must do their part to help build the right culture while also following through on their passion for the brand, adequate capitalization, conformity to systems and involvement in the franchise family.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends Financial, Spadea Lignana and Retail Solutions.

Of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money.

This week on Franchising & You our guest is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana. Tom discusses various entity structures for operating a franchise business including options for multi-unit and area development. Tapping into his experience as both an attorney and entrepreneur, Tom shares his perspective on the legal entity's potential impact on a franchise business beyond it's legal structure.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends, Spadea Lignana and Retail Solutions.

As commonplace as it has become in purchasing a business or franchise, funding continues to be a challenging experience. As such, it's important to understand there are options and some often overlooked as being incorrectly perceived as unavailable. The most common is to use retirement funds without concern of taxes and penalties. The key is working with a professional to help navigate the process.

This week on Franchising & You our guest is Matt Trivelis, Senior Consultant at Benetrends Financial. Matt takes listeners through the process of using retirement funds to enter the world of entrepreneurship - without reducing the amount of money to invest due to early-payment penalties and tax liability. He also explains how to use retirement funds as the cash injection necessary for SBA loans and how to use the funds to receive a salary during startup.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends, Spadea Lignana and Retail Solutions.

This week on Franchising & You, Award-winning Franchise Developer, Holly Ford shares her perspective on finding the right-fit franchise. Holly is a Consultant with The Franchise Consulting Company that strives to help clients structure a franchise strategy based on the uniqueness of their situation and what they find most compelling as to brand, culture and operating models in order to attain their goals. In essence, a strategy to find the best fit between candidate and franchise brand.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by Benetrends, Spadea Lignana and Retail Solutions.

Finding the perfect franchise is possible if you put the effort in when researching franchises and reflecting on your personal prefercnes." - Nick Neonakis, author, The Franchise MBA 

Returning to Franchising & You this week, serial entrepreneur and long-time franchise professional Nick Neonakis discusses how candidates can make the most of their time in exploring franchise opportunities at an expo or tradeshow. Nick shares his thoughts on asking the right questions and efficient ways to follow up after the event.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

Franchisors are pretty upfront about what it's going to cost to get you into their systems. But franchisors are bashful when it comes to talking about how much moolah franchisees can actually earn running their businesses. Instead, franchisors direct candidates to their Franchise Disclosure Document (FDD), the detailed prospectus they are required by law to give to interested parties.

This week on Franchising & You, Franchise Attorney, Tom Spadea discusses the infamous Item 19 Financial Performance Representation found in Franchise Disclosure Documents - What it is? What it represents? Is it accurate? Franchisor doesn't have one, now what?

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.