WHY YOU FRANCHISE YOUR BUSINESS Imagine opening 10 new business locations without taking on any risk. Imagine managers running all those locations, which are just as committed to growing the company as you – and not having to pay them a dime. In fact they pay you money for the right to operate your...
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So the DOW dropped by 5% last week and 10% over the last few days. What does that mean to you, a business owner that wants to franchise? Not a whole lot, and here’s why. You plan to franchise because you want to grow using others to fund the growth and others to manage...
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While the woods are full of businesses that want to franchise, few if any, think ahead to: How to find franchisees How to sell them on their particular franchise With 10 million people out of work, you can easily find franchise buyers and people to sell franchises. After all, isn’t that what you’re aiming...
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Since no one wants to sell your first few franchises, it’s up to you. Yes, it’s up to You. Since that is the case, you want to make is as painless and easy as possible for potential franchisees to buy into your system. My experience says that a reliable source of financing is the...
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Business owners like you franchise for 3 reasons: You want to grow faster than opening other locations yourself You want to grow using other’s capital & energy You want to grow without managing more employees In today’s economy this is even more important as the unemployment figures approach 10%. More people are looking for a...
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