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Franchise Ownership 101: Secrets to Finding Your Perfect Fit
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What if franchising could be your ticket to a life of freedom and flexibility? Join us on the Path to Freedom podcast as we welcome Wes, a franchise broker and consultant with firsthand experience on both sides of the franchise equation. Wes takes us on his remarkable journey from a corporate career to owning franchises, shedding light on how his diverse roles shaped his unique perspective. His insights into franchising reveal the often-overlooked aspects of preparation and clarity in aligning personal goals with business opportunities.
In our conversation, Wes dispels common myths surrounding franchising and offers a roadmap for evaluating franchise opportunities. He shares his advice on focusing beyond just the product, directing attention to the business model and the role of the owner. We discuss the critical financial considerations, from conducting thorough due diligence to exploring a variety of funding options like SBA loans and ROBS. Wes's personal stories and practical tips offer listeners valuable knowledge to navigate the financial landscape of franchising and align their investments with their lifestyle aspirations.
As we venture into the world of semi-absentee ownership, Wes clarifies the realities of balancing a current job with franchise ownership. He highlights the importance of being prepared for the inevitable challenges of running a business, emphasizing flexibility and effective management skills. Whether you're looking to diversify your business ventures or step into business ownership for the first time, Wes's experiences and advice provide a guiding framework. Tune in to discover how franchising could serve as your pathway to achieving both professional success and personal freedom.
TIMESTAMPS:
(00:01) - Franchise Broker Role and Process
(09:23) - Franchise Ownership Preparation Process
(22:23) - Franchise Financial Considerations and Culture
(34:25) - Franchise Funding Options and Broker Fees
(47:15) - Franchise Semi-Absentee Ownership Considerations
(53:54) - Franchising as Business Ownership Opportunities
Check out the @NationalFranchiseShowPodcast here:
https://www.youtube.com/@NationalFranchiseShowPodcast
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #Franchiseconsultant #Franchisee
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