Franchising 101 – Episode 1 – 4 Things to Know About Franchising – Part 1
Have you thought about franchising your business? Do you know what it means to franchise or business? In this episode business coach Clay Clark sits down with Terry Powell, often referred to as the godfather of franchising, to discuss everything that goes into setting up your business as a franchise corporation. Many people do not know what it means to franchise. However, franchising is one of the top vehicles in order to grow your business to great expands over the course of the country. Also you’ll learn what the difference between franchising and other types of self-employment art. Do you know what it takes to buy franchise? For many entrepreneurs, buying a franchise would be a good option if you can consistently execute checklists and systems. If you are wanting to build a business without checklist and systems, a franchise is not going to be good for you. Terry Powell is one of the most knowledgeable people on growing a franchise Corporation because he is in charge of starting The Entrepreneur Source which is a broker for selling many different kinds of franchising. It is important to understand that franchising is not a particular industry, but rather a methodology for doing business. In the rest of this series we are going to get into the nitty-gritty details of what it means to set your business up to be able to franchise, what it means to buy a franchise, who should franchise, and the rules against franchising. If you enjoy this type of business coach training, then make sure that you check out the rest of the episodes in this particular series. Some of the top franchises in the world include McDonald’s, Jimmy John’s, Jiffy Lube, and many more. If you’re looking for an in person experience, make sure that you sign up for one of our upcoming business workshops, or sign up for free business assessment for our one-on-one business coaching program.