In this episode, Beau dives into the world of franchise ownership and shares some valuable insights. Here are 5 key takeaways from the video:
- Non-food franchises are becoming more popular: Many people are realizing the benefits of owning service-based businesses that don't require a brick and mortar location.
- Understand your goals and lifestyle: Whether you prefer the simplicity of being an owner-operator or the scalability of hiring a manager, it's important to align the franchise model with your personal preferences.
- The value of franchise consultants: Beau explains how franchise brokers and consultants can guide you through the process and help you make informed decisions.
- Running a franchise is hard work: Owning a franchise is not a "set it and forget it" endeavor. It requires daily management and oversight, even if it's a semi-passive business.
- Service-based non-food franchises are recession resilient: Beau highlights specific industries like HVAC, painting, flooring, and plumbing as recession-resistant franchise opportunities.
If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )