Curiosity about franchising led Christy Wilson Delk to a 15-year career as a franchisee of an early childhood education business. After losing a corporate job (more than once, she points out), she decided she wanted to do something for herself. At the time, she didn’t know anything about franchising, but when a friend mentioned the concept to her, she decided to explore options and opportunities. As the mother of a young child, it was important to her to find a job that matched her lifestyle requirements.

Most people who buy a franchise do not write a check from their savings to pay for the business. They get business loans. Franchises that cost under $50,000 may, in fact, be paid for out of savings, but most franchise investments exceed $150,000, and most people who make those investments will require some help from a bank, a leasing company, another lender, or a combination of lenders, Jeff Sherry of 44 Business Capital explains. 

At the end of the 2016 International Franchise Expo (IFE), Dr. John Hayes interviewed Tom Portesy, president and CEO of MFV Exhibitions, producer of the IFE. MFV also owns FranchiseExpo.com, a portal that includes many franchise opportunities and a variety of resources for people who want to buy a franchise.

Franchising may likely be your best hope for building a successful business and creating your own financial independence, but it won’t happen in the wrong franchise, or if you’re a misfit for franchising. So listen to this week’s podcast to explore your options and learn how you can buy a franchise successfully. You’ll discover who to call, when and how to contact them, and this will help you explore your options in franchising.

Franchising is an amazing methodology for building a successful business, but it’s only a methodology. Your success in franchising greatly depends on what you bring to the business. Unfortunately for many franchisees and franchisors, they’re not bringing enough. Learn how to develop your success in franchising. Learn how to implement the “Be Do Have” philosophy.

Most people who buy franchises do not use their own money. They use a bank’s money. Or they use money guaranteed by the Small Business Administration. This podcast tells you how to package your loan request to buy a franchise. It also explains how you can get assistance from a professional to help you package your loan.

You may have been told that franchisors will not negotiate with you when you buy a franchise, but I’m about to tell you that’s not true. It’s not easy to negotiate with a franchisor, and you can’t negotiate in every situation, but take it from me, franchisors negotiate when it makes sense to do so . . . in this podcast I’ll tell you when it makes sense and give you some ideas about the benefits you can gain by negotiating with a franchisor.

You think franchising your business is a good idea? It might be! And it might return financial rewards beyond your wildest imagination. But look, it’s a tricky business, franchising, and especially tricky to find a network of people who want to buy a franchise. It’s best if you know the initial steps to take to franchise your business, and that’s what you’re about to discover when you listen to this podcast.  Brought to you by the How To Buy A Franchise team.  

Everything you need to know about the franchise Discovery Day is

Think You Can Succeed As A Franchisee? You Better Think Twice because most people can’t. Want to know if you can? Here’s the show that tells you how to find out without investing as much as a penny.