Franvesting
8 episodes - English - Latest episode: about 4 years ago -Franvesting is a podcast designed for potential small business owners who may be contemplating franchise ownership. Franvesting pools together some of the nations top branded franchisors to discuss the process a potential franchisee may go through; including whether or not franchising is for you, and if so, which franchise may be right for you.
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Episodes
EP008 Interview with growth director of national franchisor
May 14, 2020 10:00 - 17 minutes - 24.1 MBOn today's Franvesting podcast, David Stein interviews Mike Pollack, a Franchise Insider with extensive background as both a franchisee and as growth director for a national Franchisor. Mike shares insider knowledge of what is involved in the path from initial franchise inquiry to becoming a signed franchise, including general timelines, and most importantly, what makes a good franchisee. Mike explores the due dilligance that the prospect can be doing during this time. Mike spends some ...
EP007 Can owning a franchise build wealth
May 07, 2020 10:00 - 14 minutes - 20.4 MBToday, David Stein is going to explore the question everybody wants to know..... Can I build wealth owning a franchise? The Answer: Maybe. It's tricky. Is it possible? Absolutely! Are there franchisees who build wealth owning a franchise? Absolutely! How to do this... first... pick a winner. Pick an industry that is growing, and there are plenty of verticals to choose from. But most importantly, pick a franchisor who has differentiated themselves in their vertical. For exammple, if y...
EP006 How to determine the right franchise for you
April 30, 2020 10:00 - 15 minutes - 21.4 MBOn today's Franvesting podcast, David Stein discuss how to determine which franchise would be right for you. This is an introspective process 1) What do you want out of the business? 2) Owning a business is not a hobby. 3) How much do I have to invest, really? 4) What's my exit strategy? 5) How much risk can I take on? 6) How involved do you want to be? 7) How much do you like to work? 8) What are you good at? BONUS Question from the FranBox Mailbox Other than financials, what e...
Ep005 Inside the workings of a franchisor
April 23, 2020 17:03 - 19 minutes - 26.5 MBOn today's Franvesting podcast, David Stein interviews Ardag Tachian - Franchising Insider. Our goal at Franvesting is to help you gather the right information to make the best decision for your business investment. What qualities and traits are important for a potential franchisee? Certainly, a person's ability to follow a system are extremely important to becoming a good franchisee. You are paying into a system, so make sure you want to take advantage of that. A good franchisee has a ...
EP004 Common myths about franchising
April 23, 2020 16:57 - 16 minutes - 22.9 MBOn today's Franvesting podcast, David Stein will debunk some of the common myths about buying into a franchise. 1) Franchising is just too expensive. The barrier to entry will vary based on the type of franchise you get into. There are thousands of different franchises that you can invest in, in multiple different categories. You need to explore them for your particular investment level and passion for work. The beauty of a franchise system is the access to a variety of support, that yo...
EP003 The basics of buying a franchise
April 23, 2020 16:54 - 18 minutes - 25.5 MBDavid covers the basics of what is involved in buying a franchise. David explains the difference between starting a business and buying a franchise. The advantages of both, and which would work for you depends on a variety of factors as you weigh the two options. The Franchisor's role in this process is key to your success and helps you avoid alot of mistakes by having already perfected alot of the systems a business needs to succeed. The #1 benefit is the reduction of your risk, and the...
EP002 Is franchising right for you?
April 23, 2020 16:52 - 21 minutes - 28.9 MBToday, David Stein explores the internal questions a potential franchisee needs to walk through before choosing a specific franchise to invest into. Let's see what the inputs are to create your own initial self business plan. 1) How much money do I need to make on an annual basis? 2) What is your level of risk/reward? 3) How much wealth are you looking to acquire? 4) Does the company provide a suitable exit strategy, and does that exit strategy match up to your expectations? 5) How doe...
EP001 Trailer
April 23, 2020 15:22 - 2 minutes - 3.49 MBWelcome to the Franvesting Podcast! Each week, David Stein will explore the complex world of franchising. Show guests include some of the world’s biggest brand franchisors, financing experts, franchisees and others who work day to day in the franchising world. This show is intended to help a potential franchisee figure out: 1) Is franchising for me or should I open my own small business? 2) What should I know before I choose a franchise? 3) Can I afford this and still build wealth? HEL...