Episode Details

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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:

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