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How to Select a Franchise Business with Dr. Robert Needham
In this episode, Melinda Emerson is joined by Dr. Robert Needham to explore overcoming economic slavery and fear in entrepreneurship. They discuss the advantages and downsides of franchising and highlight the importance of maintaining a high gross margin in business. Dr. Needham shares his best business advice, providing listeners with valuable insights for navigating the entrepreneurial landscape.
Dr. Robert A. Needham, JD, is a seasoned executive with more than over 35 years as a business and franchise executive and President, Collaborative Franchise Systems, LLC He is often called-on as an expert in business, franchising, forensic analysis, and technology. He has been a franchisor in franchise consulting, nutrition and fitness, mobile food truck, and gourmet dog food. He has advised in more than 90 different franchise segments and hundreds of brands within the industry. Currently, he focuses on service based franchises with high return of investment potential. For more information: https://collaborativefranchisesystems.com
(0:00) Introduction and guest introduction - Dr. Robert Needham
(3:00) Overcoming economic slavery and fear in entrepreneurship
(5:55) Franchising: Advantages and downsides
(11:01) Importance of high gross margin in business
(15:28) Dr. Needham's best business advice
(16:12) Sponsor: [Sponsor Name] and Closing remarks
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By Melinda Emerson
5
1010 ratings
In this episode, Melinda Emerson is joined by Dr. Robert Needham to explore overcoming economic slavery and fear in entrepreneurship. They discuss the advantages and downsides of franchising and highlight the importance of maintaining a high gross margin in business. Dr. Needham shares his best business advice, providing listeners with valuable insights for navigating the entrepreneurial landscape.
Dr. Robert A. Needham, JD, is a seasoned executive with more than over 35 years as a business and franchise executive and President, Collaborative Franchise Systems, LLC He is often called-on as an expert in business, franchising, forensic analysis, and technology. He has been a franchisor in franchise consulting, nutrition and fitness, mobile food truck, and gourmet dog food. He has advised in more than 90 different franchise segments and hundreds of brands within the industry. Currently, he focuses on service based franchises with high return of investment potential. For more information: https://collaborativefranchisesystems.com
(0:00) Introduction and guest introduction - Dr. Robert Needham
(3:00) Overcoming economic slavery and fear in entrepreneurship
(5:55) Franchising: Advantages and downsides
(11:01) Importance of high gross margin in business
(15:28) Dr. Needham's best business advice
(16:12) Sponsor: [Sponsor Name] and Closing remarks