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Are Franchise Fees Worth It? – Listen Before Paying
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DESCRIPTION:
Franchise fees vary greatly, from a few thousand dollars to over $100,000. Some people may wonder why they should have to pay a franchise fee. However, the fee provides many benefits and is often necessary to profit in the franchise business. "It takes money to make money" is a saying that usually applies to the franchise fee.
In this episode of Franchise Hot Seat, Dr. John P. Hayes talks about what a franchise fee is and why it's essential to invest in a franchise that makes money. He also discusses the risks and benefits of starting a business from scratch versus investing in a franchise. Tune in to learn more about the franchising industry and how to make informed decisions.
TIMESTAMPS:
[1:12] Franchise fee - is it too much?
[1:51] Do franchisors make that much money?
[2:11] Looking out for yourself is your responsibility as a franchisee
[4:39] Good franchisors invest in your education
[5:53] Invest in franchises that make money
GUEST BIO:
Dr. John P. Hayes teaches franchising to college students who seek a career in franchising; people who want to buy a franchise; business owners who want to franchise a business; and Certified Franchise Executives. He is an Amazon #1 best-selling author of several books covering business, marketing, franchising, and biography. Dr. Hayes is also an international speaker at franchise conferences and an advisor to franchisors and prospective franchisees.
LINKS:
WEBSITE: http://franchisehotseats.com/
LinkedIn: https://www.linkedin.com/in/drjohnhayes/
Twitter: https://twitter.com/drjohnhayes
YouTube: https://www.youtube.com/c/Howtobuyafranchise
Instagram: https://www.instagram.com/hayesjph/
TikTok: https://www.tiktok.com/@johnphayesfranchise
Pinterest: https://www.pinterest.com/DrJohnHayes/
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