Videos – Investing in a franchise
The first priority is to decide if you want to buy a franchise and therefore become a franchisee. The second priority is to find the right franchise that meets your skill set, industry experience, personality and amount you want to invest. Your third priority, if you need finance, is to understand your finance options to buy a franchise and this is what this short video explores.
Myths about operating a franchise
This short video looks at some of the myths about operating a franchise. Owning and operating a franchise is not for everyone. Its critical to understand your options, the skills you bring and understand the journey to successfully operate a franchise.
What to consider when buying a franchise
The factors to consider when buying a franchise are entirely different to starting a business from scratch or buying an existing business. This short video looks at the factors to consider when buying a franchise.
What franchises are for sale where I live?
Finding and buying the right franchise includes meeting budget, finance, industry skills and just as important, being able to buy the franchise in the area where you live. This short video explores that topic in a little more detail.
How long does it take to buy a franchise?
The timeline to research and be in business to own and operate your own franchise varies depending on the industry you choose. Typically the process takes 6 to 10 hours of research per week and an expectation to be in business in about a 4 to 6 month period.
Where do I start if I want to buy a franchise?
The place to start if you want to own and operate your own franchise is to keep an open mind until you refine your options and then focus on what’s important to you. If you have questions, give me a call on (916) 570-2674.
What are the steps to buy a franchise?
The steps to buy a franchise include narrowing down the skill set you bring as a franchise owner, industries of interest to you, the amount available to invest and your location. With this starting point, be open to franchise concepts you are yet to consider and have a timeline to open your new venture. For more information call me on (916) 570-2674.
How much does it cost to buy a franchise?
The costs to buy a franchise have many variables. They range from $50,000 and up. It’s easy to know the range of costs to buy a franchise in a specific industry once a few basics are known. Give Andrew a call on (916) 570-2674 to find out more.
What is the best way to buy a franchise?
Buying a franchise generally requires the franchise buyer knowing how much they have to invest in their franchise, committing about 8 hours per week to research and investigate the options and have an expectation to be in business in about 4 to 6 months. This short video looks a the best way to buy a franchise.
What types of franchises can I buy?
One of the great misunderstandings about buying a franchise is that there are about 39 different industries with different franchise concepts available to buy. One of the pages on this website shows the approximate 360 different franchises available.
Disadvantages of owning a franchise?
What are the disadvantages of owning a franchise? This short video looks at those reasons and why they are important.
Advantages of owning a franchise?
What are the advantages of owning a franchise? This short video looks at those reasons and why they are important.
Market research and customer surveys
The perfect way to find out if your product and/or service is meeting your customer expectations is to ask them. It’s as simple as that. How you ask and then what you do with the results of your customer feedback are critical.
Cash and cash flow are keys for any business
Cash and cash flow are kings when it comes to owning and operating a business. Without cash and without cashflow you can’t …. (fill in the blank.) This short video talks about cash and cashflow and its importance.
All business owners should have a life and business plan
Most business owners jump into business ownership and throw everything they have at it as failure is not an option. Successful business owners understand that to avoid crashing and burning, its necessary to develop a business plan for their business but also a life plan so they know if and when to exit owning their business.