Franchising and You
35 episodes - English - Latest episode: about 5 years ago - ★★★★★ - 3 ratingsWelcome to Franchising & You! If you’re interested in learning more about owning your own business and considering franchising as the path to business ownership, then this podcast is right for you. If your interest is in expanding your portfolio of businesses and franchises, then you’re in the right place. And, if you’re a current business owner exploring whether or not to franchise your business, then Franchising & You is right for you.
Franchising & You is sponsored by Benetrends, Spadea Lignana and Retail Solutions. Access all segments of Franchising & You on-demand on Blog Talk Radio and iTunes!
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Episodes
How to Succeed as a Franchisee
May 11, 2019 13:30 - 31 minutes - 27.5 MB"While franchising’s prevalence in the U.S. economy indicates that franchisees can succeed, hundreds of franchisees fail each year. The most frequent causes: lack of funds, poor people skills, reluctance to follow the formula, a mismatch between franchisee and the business, and poor management. Often, it’s the small stuff that separates winners from losers." - WSJ.com This week on Franchising & You, long-time franchise veteran and entrepreneur, Stuart Williams talks about things franchisees ...
Create Your Own Wealth, a Collection of 2-Minute Topics on Franchising
May 04, 2019 13:30 - 32 minutes - 28.8 MBReturning as a guest to Franchising & You is Holly A Ford, Entrepreneur, Executive Franchise Broker, Radio Host and Author. Fresh on the heels of the recent publication of her best-selling book, Create Your Own Wealth, a Collection of 2-Minute Topics on Franchising, Holly shares her goals and objectives around the book's development along with the motivating factors that led her to 'putting her thoughts down on paper.' The book's Table of Contents is like no other with riveting chapters inclu...
Benefiting From the Relationship Between Franchise Consultant and Franchisor
April 27, 2019 13:30 - 29 minutes - 25.9 MB"When the IFPG trains new Franchise Consultants, we always instruct them to take the next step in their career by making the wise investment of time and effort into getting their CFE asap" - Red Bowell, President of International Franchise professionals Group (IFPG) This week on Franchising & You, newly appointed president of the International Franchise Professionals Group, Red Boswell is our guest. Based upon his insight from his experience working with third-party sellers, Red shares his p...
Creating Your Career 2.0
April 13, 2019 13:30 - 30 minutes - 27 MBThis week on Franchising & You the discussion focuses on doing what it takes to achieve self-sufficiency when transitioning into Career 2.0. Our guest is Terry Powell, Visionary Founder of The Entrepreneur's Source, North America's leading alternative career coaching franchise. Terry shares his extensive experience coaching thousands of individuals toward owning their desired outcome - Income, Lifestyle, Wealth & Equity. Providing insight that it may be time to take control of your profess...
How to Succeed as a Franchisee
April 06, 2019 13:30 - 31 minutes - 27.5 MB"While franchising’s prevalence in the U.S. economy indicates that franchisees can succeed, hundreds of franchisees fail each year. The most frequent causes: lack of funds, poor people skills, reluctance to follow the formula, a mismatch between franchisee and the business, and poor management. Often, it’s the small stuff that separates winners from losers." - WSJ.com This week on Franchising & You, long-time franchise veteran and entrepreneur, Stuart Williams talks about things franchisees ...
Legal Entity Options for Your Franchise Business
March 30, 2019 13:30 - 25 minutes - 22.2 MBOf all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money. This week on Franchising & You our guest is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana. Tom discusses various entity structures ...
How to Use Your Retirement Funds to Buy a Business
March 23, 2019 13:30 - 30 minutes - 27.2 MBAs commonplace as it has become in purchasing a business or franchise, funding continues to be a challenging experience. As such, it's important to understand there are options and some often overlooked as being incorrectly perceived as unavailable. The most common is to use retirement funds without concern of taxes and penalties. The key is working with a professional to help navigate the process. This week on Franchising & You our guest is Matt Trivelis, Senior Consultant at Benetrends Fin...
Exploring Franchise Opportunities? Help is Closer Than You Might Think!
March 16, 2019 13:30 - 29 minutes - 25.7 MBThis week on Franchising & You, Award-winning Franchise Developer, Holly Ford shares her perspective on finding the right-fit franchise. Holly is a Consultant with The Franchise Consulting Company that strives to help clients structure a franchise strategy based on the uniqueness of their situation and what they find most compelling as to brand, culture and operating models in order to attain their goals. In essence, a strategy to find the best fit between candidate and franchise brand. Fran...
Franchise Expos & Tradeshows? Gold Mines or Minefields?
February 16, 2019 14:30 - 42 minutes - 37.6 MBFinding the perfect franchise is possible if you put the effort in when researching franchises and reflecting on your personal prefercnes." - Nick Neonakis, author, The Franchise MBA Returning to Franchising & You this week, serial entrepreneur and long-time franchise professional Nick Neonakis discusses how candidates can make the most of their time in exploring franchise opportunities at an expo or tradeshow. Nick shares his thoughts on asking the right questions and efficient ways to fol...
How Much Can I Make if I Buy a Franchise?
February 09, 2019 14:30 - 46 minutes - 41.8 MBFranchisors are pretty upfront about what it's going to cost to get you into their systems. But franchisors are bashful when it comes to talking about how much moolah franchisees can actually earn running their businesses. Instead, franchisors direct candidates to their Franchise Disclosure Document (FDD), the detailed prospectus they are required by law to give to interested parties. This week on Franchising & You, Franchise Attorney, Tom Spadea discusses the infamous Item 19 Financial Perf...
Identifying Franchise Finance Options
February 02, 2019 14:30 - 47 minutes - 42.5 MBOpening a franchise requires a significant investment of capital -- including a franchise fee along with ongoing royalties and advertising costs. Not everyone has access to that kind of cash. So, if individuals need a business loan to fund that franchise investment, they might find it challenging to navigate the various options available. Joining host, Paul Segreto on this segment of Franchising & You is Geoff Seiber, President, CEO & Founder of FranFund. Franchising & You airs every Saturda...
Partnerships: The Good, Bad & Ugly
January 26, 2019 14:30 - 43 minutes - 38.8 MBA business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business. This week on Franchising & You, Tom Spadea, Franchise Attorney and Partner at Spadea Lignana discusses benefits and disadvantages of business partnerships. Spadea shares how to structure partnerships to help ensure a positive experience and what...
When is it the Right Time to Hire an Accountant for Your Business?
January 19, 2019 14:30 - 42 minutes - 37.7 MB"Savings, security, convenience – in the end, it all adds up to peace of mind. We can guarantee that you’ll sleep sounder with a certified professional on your side. So put away the shoe box of receipts, take a couple aspirin, and call a CPA. You will thank us in the morning." - TheSelfEmployed.com This week on Franchising & You, Sandy Shoemaker, Partner & CPA at Plante Moran provides insight into the value (and necessity) of hiring an accountant for your business whether the distribution mo...
Little-known Ways to Get to The Truth About Any Franchise You Want to Own
January 12, 2019 14:30 - 42 minutes - 38.4 MB"The franchise business model, if leveraged properly, is amazing... and powerful. It's been called the best business model ever invented. But if you end up choosing the wrong franchise, and you blow through all your money because you didn't do the type of research needed to get all the facts, then owning 'the best business model ever invented' won't much matter." - Joel Libava, Author, The Definitive Guide to Franchise Research This week on Franchising & You, The Franchise King, Joel Libava ...
Importance of Funding Strategies for Multi-unit Franchise Operations
January 05, 2019 14:30 - 40 minutes - 35.7 MB"If you arrange financing for the first unit without considering how that is going to affect your ability to get additional financing, you may find yourself without any options to fund your second and third units. With that in mind, let’s look at a few different scenarios and some possible strategies to successfully obtain the funding needed to become a multi-unit franchisee." - SCORE.org This week on Franchising & You, Shirley Kefgen, Senior Funding Consultant at FranFund discusses the prac...
Using a Franchise Broker to Find the Right-fit Franchise for You!
December 22, 2018 14:30 - 46 minutes - 41.7 MBSometimes called “business coaches,” “advisors,” “referral sources” or “franchise consultants,” franchise brokers can be an invaluable asset when hacking through the franchise jungle. - The Benefits of Using a Franchise Broker, FranchiseGator.com December 2016 This week on Franchising & You, Dave Sullivan, President of Priority Franchising discusses how to effectively use a franchise broker when beginning a search for the right-fit franchise opportunity. Dave provides insight from his years'...
Questions to Ask BEFORE Signing the Franchise Agreement
December 15, 2018 14:30 - 39 minutes - 34.8 MBBefore signing the Franchise Agreement it's essential to completely understand the franchise relationship along with both yours and the franchisor's responsibilities and especially for your benefit, your potential liabilities. There's no better way to do so than to ASK QUESTIONS! This is an essential part of your due diligence that will help you make an informed decision well before signing of documents and remitting the Franchise Fee. Joining host, Paul Segreto on this segment of Franchisin...
Effectively Using Social Media to Explore Franchise Opportunities
November 17, 2018 14:30 - 40 minutes - 36.5 MBWith thousands of brands offering franchise opportunities how can social media help narrow the field? This week on Franchising & You, Jack Monson, Chief Revenue Officer of Social Joey shares his perspective and insight on how to effectively use social media to navigate a multitude of digital touchpoints on Facebook, Twitter, LinkedIn and other social platforms as an efficient way to explore franchise opportunities. Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each ...
Selecting a Site for Your Business... It's More Complicated Than You May Think!
November 10, 2018 14:30 - 44 minutes - 40.3 MBWe've heard it before. 'Location! Location! Location!' What does that mean? Exactly what makes a location a good location? Is there a success formula in selecting the best location? What factors should be considered when leasing a space for a business? This week on Franchising & You, these and other questions will be answered by our guest, Sherry Sanchez, Principal at Retail Solutions. Listen to Franchising & You every Saturday at 9:30 AM ET / 8:30 AM CT with each segment also available on-d...
Understanding The Franchise Disclosure Document (FDD)
November 03, 2018 13:30 - 44 minutes - 40.2 MBOne of the most important tasks for an individual before investing in a franchise is to review the brand's Franchise Disclosure Document, also known as the FDD. But what is it? How can it be navigated without a legal background? Many ask, Will I actually understand what I'm reading? Joining host, Paul Segreto on this segment of Franchising & You is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana Attorneys at Law. Franchising & You airs LIVE every Saturday at 9:30 AM ET / 8:30 AM...
A Creative Way to Fund Your Entrepreneurial Passion: Your 401(k)
October 27, 2018 13:30 - 36 minutes - 32.1 MBNever heard of a “rollover as business startup” transaction? It carries risks, but also important advantages for those seeking second acts in their careers. This week on Franchising & You, Shirley Kefgen, Senior Funding Consultant at FranFund discusses how to fund your franchise debt-free and why using your retirement savings may be a better option than you think. Franchising & You airs LIVE every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand. Franchising & You ...
Business Ownership Options: What's Right for YOU?
October 20, 2018 13:30 - 43 minutes - 39.2 MBBuying an established business means immediate cash flow. The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans. You will acquire existing customers, contacts, goodwill, suppliers, staff, equipment and stock. This week on Franchising & You, Vetpreneur and Business Broker & Consultant, Curt Maier discusses acquiring an existing business and comparing the same to investing in a franchise or even starting a business from t...
Finding the Ideal Franchise that Fits Your Life
October 13, 2018 13:30 - 44 minutes - 40.1 MBThe secret to owning the right franchise is no secret if you understand what it takes to succeed. The single most important factor is preparation. Knowing what to look for is what sets apart successful franchise owners who found the right franchise from those who did not. This week on Franchising & You, author, serial entrepreneur and long-time franchise professional Nick Neonakis discusses the tools you need to understand which franchise is right for you as you seek to cross the river to in...
Partnerships: The Good, Bad & Ugly
October 06, 2018 13:30 - 42 minutes - 37.8 MBA business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business. This week on Franchising & You, Tom Spadea, Franchise Attorney and Partner at Spadea Lignana discusses benefits and disadvantages of business partnerships. Spadea shares how to structure partnerships to help ensure a positive experience and what...
Exploring A Market For Your Franchise
September 29, 2018 13:30 - 45 minutes - 40.9 MBOne of the most difficult management challenges facing franchisors is defining franchise territories in a way that minimizes cannibalization, but doesn’t leave the market underserved. Franchisors who do this well set their franchisees up for success. This week on Franchising & You, Sherry Sanchez, Principal at Retail Solutions discusses the most effective way to explore a market for franchisees exploring a market or for franchisors considering and/or entering a new market. Franchising & You...
A Scientific Approach to Franchise Selection (Because Fit Matters)
September 22, 2018 13:30 - 43 minutes - 39 MBThe move from employee to entrepreneur can be stressful and trying on one’s entire family, and giving close consideration to the emotional impact a particular franchise ownership will have, choosing the right franchise is essential to starting off on the right foot. This week on Franchising & You, Rebecca Monet, President and Chief Scientist of Zoracle Profiles discusses the introduction of technology into the process of exploring franchise opportunities - essentially to scientifically deter...
First Steps to Get Your Franchise Funded
September 15, 2018 13:30 - 40 minutes - 36.3 MBCandidates are often overwhelmed when they start the process of securing a business loan because they aren’t prepared to provide the information required by lenders. Becoming more knowledgeable about the lending process eliminates surprises and expands options for loans. This week on Franchising & You, David Murray, Senior Lending Consultant for FranFund shares what to expect during a lending consultation and the preparation necessary for that discussion, including the four loan qualifiers ...
How Much Can I Make if I Buy a Franchise?
September 08, 2018 13:30 - 45 minutes - 40.8 MBFranchisors are pretty upfront about what it's going to cost to get you into their systems. But franchisors are bashful when it comes to talking about how much moolah franchisees can actually earn running their businesses. Instead, franchisors direct candidates to their Franchise Disclosure Document (FDD), the detailed prospectus they are required by law to give to interested parties. This week on Franchising & You, Franchise Attorney, Tom Spadea discusses the infamous Item 19 Financial Pe...
Why Franchising?
September 01, 2018 13:30 - 46 minutes - 41.8 MBMany individuals really don't understand franchising and what it has to offer to those in Mainstream USA. There are concerns about considering franchising as the next career step or for the purpose of diversifying personal income. This segment of Franchising & You will help to answer questions, educate and dispel myths about franchising. Joining host, Paul Segreto on ths premiere segment of Franchising & You is franchise industry veteran, Stan Friedman. Franchising & You is powered by Franch...
Using a Franchise Broker to Find the Right-fit Franchise for You!
August 25, 2018 13:30 - 45 minutes - 40.7 MBSometimes called “business coaches,” “advisors,” “referral sources” or “franchise consultants,” franchise brokers can be an invaluable asset when hacking through the franchise jungle. - The Benefits of Using a Franchise Broker, FranchiseGator.com December 2016 This week on Franchising & You, Dave Sullivan, President of Priority Franchising and Member of the Franchise Brokers Association discusses how to effectively use a franchise broker when beginning a search for the right-fit franchise op...
Effectively Using Social Media to Explore Franchise Opportunities
August 18, 2018 13:30 - 40 minutes - 36 MBWith thousands of brands offering franchise opportunities how can social media help narrow the field? This week on Franchising & You, Jack Monson, Chief Revenue Officer of Social Joey shares his perspective and insight on how to effectively use social media to navigate a multitude of digital touchpoints on Facebook, Twitter, LinkedIn and other social platforms as an efficient way to explore franchise opportunities. Franchising & You airs LIVE every Saturday at 9:30 AM ET / 8:30 AM CT wi...
Selecting a Site For Your Business... It's More Complicated Than You May Think!
August 11, 2018 13:30 - 43 minutes - 39.4 MBWe've heard it before. 'Location! Location! Location!' What does that mean? Exactly what makes a location a good location? Is there a success formula in selecting the best location? What factors should be considered when leasing a space for a business? This week on Franchising & You, these and other questions will be answered by our guest, Sherry Sanchez, Principal at Retail Solutions. Franchising & You airs LIVE every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-dema...
Understanding the Franchise Disclosure Document (FDD)
August 04, 2018 13:30 - 43 minutes - 38.8 MBOne of the most important tasks for an individual before investing in a franchise is to review the brand's Franchise Disclosure Document, also known as the FDD. But what is it? How can it be navigated without a legal background? Many ask, Will I actually understand what I'm reading? Joining host, Paul Segreto on this segment of Franchising & You is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana Attorneys at Law. Franchising & You airs LIVE every Saturday at 9:30 AM ET / 8:30 AM...
Identifying Franchise Finance Options
July 28, 2018 13:30 - 46 minutes - 41.3 MBOpening a franchise requires a significant investment of capital -- including a franchise fee along with ongoing royalties and advertising costs. Not everyone has access to that kind of cash. So, if individuals need a business loan to fund that franchise investment, they might find it challenging to navigate the various options available. Joining host, Paul Segreto on this segment of Franchising & You is Geoff Seiber, President, CEO & Founder of FranFund. Franchising & You airs LIVE every Sa...
Why Franchising?
July 21, 2018 13:30 - 45 minutes - 40.6 MBMany individuals really don't understand franchising and what it has to offer to those in Mainstream America. There are concerns about considering franchising as the next career step or for the purpose of diversifying personal income. This segment of Franchising & You will help to answer questions, educate and dispel myths about franchising. Joining host, Paul Segreto on this premiere segment of Franchising & You is franchise industry veteran, Stan Friedman. Franchising & You airs LIVE ever...