Should You Become Franchise Owner?

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Should You Become Franchise Owner?

• www.thefranchiseking.com

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About The Franchise KingJoel Libava

• Joel has been involved in some facet of
  franchising for over 20 years, and is the author
  of, Become a Franchise Owner (John Wiley
  Sons, Publisher.) Hes also a franchise ownership
  advisor.
• www.thefranchiseking.com

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Should You Get A Job? Or, Should You Own What
You Do?

• Job

• Own What You Do

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Well? What Should You Do?
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Your Last 3 Bosses?
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If you feel that you could be a successful small
business owner, why the heck are you willing to
work for someone else?
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Lunch. At the top.

• Sure, Id like to start my own business, but I
  think its way too risky.

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3 ways to go onto business

• Start from scratch
• Buy an existing business
• Invest in a franchise

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What is a Franchise

• Licensing system for the selling of
  products/services
• Franchisor sells licenses to others (Franchisees)
• License includes guidelines to follow
• Franchisees usually have an assigned geographic
  territory

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How does franchising impact the USA Economy?

• Generates 18 million jobs
• Contributes 50 of all retail and service
• Produces over 1.5 trillion in econ. output
  

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Franchise Advantages

• Systems are already in place to help you get
  started rapidly- a blueprint
• Formal training program
• Branding. Maybe
• What else?

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Franchise Disadvantages

• There is a system, but its not yours
• You dont have total control. Lots of rules
• What else would be a disadvantage?

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What You Get With A Franchise

• Operating system
• Their experience
• Formal training
• Support
• Branding
• Purchasing Power
• Marketing
• Franchise network

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Can you see yourself as an owner?
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Some Franchise Types

• Food Service
• Retail
• Personal Services
• B2B
• Childrens Services
• Green
• Check out hundreds of franchises at
  www.franchisedirect.com

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Investment Amounts

• Your total investment for a franchise depends on
  the type of franchise it is
• Home-Based- 40k
• Retail- 150,000
• Food franchises- 150,000
• Service franchises- 100,000
• Hotels/Motels- 5 million

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Franchise Research

• The FDD
• Online Investigation
• Current Franchisees
• Former Franchisees
• Make a List of Questions to Ask
• Ask The Tough Questions!

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Financing a Franchise

• Your cash injection
• Using current banking relationships
• Projections
• Your story

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Questions?

• For more information on how to carefully choose,
  properly research franchises, go to-
  www.thefranchiseking.com
• Email- Joel_at_thefranchiseking.com
• Call-216-831-2610

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Thank You For Attending!