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Best Advice: What Every Potential Franchisee Should Know
Description
Episode 21: On this episode of Pursuit of Profit, Cliff and Justin share some of their best advice that they give to potential franchisees - everything from thinking about an exit strategy, checking your risk tolerance, are you the right fit for self-employment, and finally what to do if the franchise doesn't work out. Knowledge is power... take a listen.
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Timestamps:
00:00 - Intro
02:20 - Exit strategy
05:40 - Risk tolerance shifts with time
10:44 - Assessing potential franchisees
17:12 - Should you be self-employed
30:45 - Why you want a long-term contract
36:03 - What happens if this franchise doesn't work out
42:40 - Early warning signs
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Links:
Watch the Pursuit of Profit on YouTube!
Book a free consultation with Cliff and Justin: https://calendly.com/franocity1/30-minute-meeting
Learn more about Franocity: https://qrcodes.pro/15fBNC
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.