Franchises provide a proven business model which can lower risk. They often create a gameplan for scaling to owning multiple territories and leveraging the power of economies of scale (sharing costs).
Jordan with his amazing Two Maids management team, who oversee daily operations of 4 Colorado territories.
Phase 2: Franchise Path
Franchise Opportunities Exploration
Navigate the World of Franchising with Expert Guidance from a Veteran Multi-Unit Franchise Owner
This path is ideal for those interested in leveraging established brands, providing detailed insights to select the right franchise and effectively manage your partnership with the franchisor.
Session Count: 3 sessions
Duration per Session: 1 Hour
Total Package Cost: $450
Content:
Session 1: Introduction to franchising, including understanding different franchise models, the roles and responsibilities of franchisees, and key financial considerations thus helping you with risk mitigation.
Session 2: Deep dive into selecting a franchise that fits your goals and lifestyle, including how to evaluate franchisor support, community, and profitability.
Session 3: Finalizing your choice and planning the next steps. Review potential franchises, discuss negotiation strategies with franchisors, and prepare for success as a franchisee. NOTE: This session will take place after a period of time working to find the right franchise, typically by additional work with a franchise broker.
Outcome: Equip yourself with the knowledge and tools to make an informed franchise selection and lay a strong foundation for franchise success.
Franchising not for you? Feeling like doing something completely on your own? Check out the Phase 2: Startup Path