Franchising 101 Franchise Disclosure Receipts – Episode 1 – Part 1
Are you thinking about buying a franchise? Are you wanting to get into the world of franchising? Terry Powell is known as the godfather of franchising. In this episode, Terry Powell, who founded The entrepreneur source, talks with business coach Clay Clark about all terms franchising. What this means is that there are a number of different terms that you must know if you’re thinking about buying a franchise, or getting into the world of franchising with your business. Franchising your business can be an excellent way to grow your business across the country buy allowing other business owners to use your systems and trademarks. If you are wanting to embark on the system of franchising your business, there are several things that you must know. Franchise disclosure receipts are one of the terms that you must understand fully in order to be able to franchise or business. In this episode, business coach Clay Clark and Terry “Boom Boom” Powell get into it. Do you have the willingness to create all of the business systems that are necessary in order to franchise or business? Because you are selling a product which is the systems of your business, it can be very difficult in order to get the government to improve your franchise. In the past years, the federal government has regulated the franchising systems for businesses by things that former president Obama put into law. However, if you can follow all of the rules and regulations of this particular system, then you can greatly scale your business. This particular episode breaks down one of the terms that you must know, and there’re many others. Take detailed notes and Tune In as Clay Clark asks Terry Powell everything that you need to know about franchising. If you enjoy this series about franchising, make sure that you watch the other episodes in come out to one of our business workshops where we discuss all of the business systems that you must implement into your business.