The
Podcast

Podcast Episode 89: To Franchise or Not To Franchise?

Should you take the time to cash in on an already built brand or move forward with your own brand?

I was recently on a phone call with a dynamic woman who was concerned about investing in a franchise or move out on her own.

It’s a scary topic – I know that because I’ve actually been part of a franchise and I’ve run my own businesses. I’ve seen both sides of this coin and there are pros and cons to each one.

From her aspect, her fear was, “Am I going to get left behind by a brand that’s going to be so big and so strong that I won’t be able to compete?”

We all want to be the competition killers in our markets.

It led me to say what are the pros and cons – if I were to go back and do it all over again, would I go the franchise route or move out on my own?

What are the questions I need to answer? What nuances must I know regarding franchises?

I share my own experiences as well as some really good to know facts about franchising that I wish someone had told me before I got into it.

So listen into Episode 089 and you’ll learn:

  • The difference between a product-based franchise and a people-based franchise
  • When having a franchise what will make or break your business?
  • More liberal franchises versus turnkey franchises…
  • The specifics on marketing, lead generation and sales processes for franchises
  • The importance of having qualified support staff
  • What are your monthly franchise fees and are they affordable?
  • What is the typical failure rate for a franchise?
  • All about the build-out and what questions you need to ask
  • How does a protected territory radius affect me?

Join my Ready Aim Empire tribe to find incredible insights from other entrepreneurs and share your own takeaways!

With grit + gratitude,

Xo Lisé

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