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Should You Become Franchise Owner? With Joel Libava, The Franchise King www.directcapital.com/fra nchise www.thefranchiseking.co m Brought to you by: www.franchwire.com
| Date post: | 21-Jun-2015 |
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Should You Become Franchise Owner?With Joel Libava, The Franchise King
www.directcapital.com/franchise
www.thefranchiseking.com
Brought to you by:
www.franchwire.com
Established in 1993, Direct Capital is a direct franchise lender committed to supporting franchisees through all of their projects, including store acquisitions, remodels, equipment financing, and working capital. The company is headquartered in Portsmouth, NH, and operates offices in New York, California, and New London.
www.directcapital.com/franchise
Launched in 2012, FranchWire.com is dedicated to serving as the news resource for franchises the world over. Come for the analysis and helpful tips, stay for the discussion.
www.franchwire.com
About The Franchise King®Joel 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.) He’s also a franchise ownership advisor.
www.thefranchiseking.com
Should You Get A “Job?” Or, Should You Own What You Do?Job Own What You Do
Well? What Should You Do?
Your Last 3 Bosses?
If you feel that you could be a successful small business owner, why the heck are you willing to work for someone else?
Lunch. At the top.
“Sure, I’d like to start my own business, but I think it’s way too risky.”
3 ways to go into businessStart from scratch
Buy an existing business
Invest in a franchise
What is a FranchiseLicensing system for the selling of
products/servicesFranchisor sells licenses to others
(Franchisees)License includes guidelines to follow Franchisees usually have an assigned
geographic territory
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
Franchise Advantages• Systems are already in place to help you get
started rapidly- a blueprint
• Formal training program• Branding. Maybe…• What else?
Franchise DisadvantagesThere is a system, but it’s not yours
You don’t have total control. Lots of rules
What else would be a disadvantage?
What You Get With A Franchise• Operating system• Their experience• Formal training• Support• Branding• Purchasing Power• Marketing• Franchise network
Can you see yourself as an owner?
Some Franchise TypesFood ServiceRetailPersonal ServicesB2BChildren’s ServicesGreen
Check out hundred’s of franchises at www.franchisedirect.com
Investment AmountsYour 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 ++++
Financing a FranchiseYour cash injectionUsing current banking relationshipsProjectionsYour story
Direct Capital Franchise Group Franchisees have special needs for equipment financing and
working capital – needs that Direct Capital understands thoroughly after helping thousands of franchisees nationwide over the past 19 years.
A true financing partner, we provide dedicated account teams to support our franchise customers, and can help with project management; coordinating order processing, delivery and payment across multiple suppliers to ensure your projects are completed efficiently.
Visit www.directcapital.com/franchise for more details on the programs we offer to single & multi-unit franchise operators.
FranchWireLaunched just this month, Franchwire.com is committed to
providing franchise owners, vendors that serve franchises and others in the market with a one stop shop for national and local news, industry trends, special interest stories and helpful tips and directories.
New content is being added every day, and we’re also on Twitter & Facebook to keep the conversation going.
We’re always looking for guest bloggers and content suggestions & submissions. Please send us an email at [email protected] if you’d like to contribute!
Join us for Part 2 in this Webinar Series:
We’ll cover…LegalitiesFranchise researchMore information on small business loansAnd more….
February 21, 20121pm – 2pm EST
Register Today: http://bit.ly/xIglQ8
Keep in Touch!The Franchise King:
www.thefranchiseking.com/blog@FranchiseKing
Direct Capital:http://blog.directcapital.com@DirectCapital and @FranchiseFunderwww.facebook.com/DirectCapital
FranchWire:[email protected]/franchwire
Questions?
Thank You For Attending!
