Franchising 101 – Episode 1 – 4 Things to Know About Franchising – Part 2
Have you ever thought about buying a franchise? Do you have the diligence to apply the systems that you were given? In this episode, Terry Powell, the man who founded the entrepreneur source which brokers franchise purchasing across the country, since down with a business coach Clay Clark to discuss the different questions people have about franchising. Terry is one of the most knowledgeable people in the world about franchising in the different rules and regulations that come behind it. If you were willing to buy franchise, you must be willing to leverage all of the systems that the franchise corporation provide you. This is how to maximize the benefit from purchasing a franchise. If you buy a subway franchise, but at no point do you implement the systems that Subway Corporation has provided you, then you will never be successful. This is because Subway has outlined the specific things that allow you to sell more sandwiches, and not implementing the systems that they’ve provided you will completely derail you from your goals of financial freedom. However, if you were willing to diligently apply the systems that are contained in the franchise disclosure document and operating agreement, and handbook, you have increase your odds for success. Terry “Boom Boom” Powell shares his knowledge on this particular subject throughout the episode. If you in Joy this particular business coach training video, then make sure that you check out the other videos with Terry Powell in them. Also, we detail all of the systems that are needed in order to franchise or business at our business workshop that we host every other month at the Thrive headquarters. If you want a coach to hold you accountable to creating the systems that are needed franchise, make sure that you sign up for a free business assessment for our one-on-one business coaching program.