More Than French Fries-Should you buy a franchise?
The Infinite Wealth Podcast · Infinite Wealth Consultants LLC
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Schedule your 15-minute call with Anthony or Cameron here:
https://calendly.com/anthonyfaso/15-min-phone-call
https://calendly.com/cameronchristiansen/15min
Check our on-line course at www.InfiniteWealthCourse.com
On today's episode we interview Sarah Brown, with Pinnacle Franchise Development. Sarah has tremendous insight that she's able to share with our listeners as she has owned her own Franchise, worked as a franchise Broker and Consultant and currently she oversees Franchise Development for two national brands. A list of the topics covered in this are as follows:
Who buys franchises?
What is the biggest misconception of owning a franchise?
How passive are franchises?
What type of experience is necessary for a franchisee?
Spectrum of Franchise's: Retail - Service
If someone is interested in franchise ownership, where should they start?
Best due diligence practices
Retail vs. Service Franchises
Serial Franchisors
Franchises: Millennials and Gen X
How does a recession affect franchise ownership?
Resources mentioned:
- SBA - Business or Franchise? Differences and benefits and downside of each: SBA - which type of business should I buy?
- SCORE - Volunteer Counselors and classes: SCORE - Find a Local Counselor
- IFA (International Franchise Association): Largest Trade Organization for Franchising: IFA Website
- Franchise 500: Entrepreneur.com's List of Franchise Rankings: Entrepreneur.com Franchise 500
- Franchise Dictionary - Rankings and good online resource: Franchise Dictionary Gamechanger
- Franchise Consultants/Brokers - help find the right franchise - FranNet is a Franchise that helps people find the right franchise or determine if franchising is correct for them: FranNet Find your Local Consultant
- FBR (Franchise Business Review): Rankings and resources: FBR
- ROBS: https://www.irs.gov/retirement-plans/rollovers-as-business-start-ups-compliance-project