Franchising can be an excellent way to start a business with less risk. However, it's crucial to understand how it works and choose a franchise that matches your skills and experience. Just because you like eating at restaurants doesn't mean you should automatically buy a franchise, and it's essential to consider your knowledge and skills when choosing a franchise.

In this episode of Franchise Hot Seat, Dr. John P. Hayes talks about what you need to know before starting a franchise, including the advantages and disadvantages of this business model. He also shares his own experience creating a franchise and the challenges he faced. This week's episode is essential to listen to if you're considering franchising.

TIMESTAMPS:

[2:30] What franchising is about

[2:51] The upfront fee is worth it

[5:09] Why credibility is essential in franchising

[6:47] Trusted to lead

[7:59] Teaching is a passion

GUEST BIO:

Dr. John P. Hayes teaches franchising to college students who seek a career in franchising; people who want to buy a franchise; business owners who want to franchise a business; and Certified Franchise Executives. He is an Amazon #1 best-selling author of several books covering business, marketing, franchising, and biography. Dr. Hayes is also an international speaker at franchise conferences and an advisor to franchisors and prospective franchisees.

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast