If you’ve considered franchising as a growth strategy, this episode might help you determine whether it’s right for your business. Listen in as we speak to Brian Keen from Franchise Simply about everything you need to know before getting started.
Episode Highlights:
- Recent media about franchises
- Looking to franchise?
- Skills you need to franchise
- Identifiable traits in businesses that franchise
- What’s the payoff?
- Businesses are like people-they should be able to grow
- Franchise and exit ― the value of it all
- Mistakes made by franchisees
- Opportunities for value
- Being franchise ready
Franchising can appear to be an ideal form of business expansion for many business owners. But not all businesses are cut out to franchise. So, if you’re thinking about franchising but have no idea what it involves, tune in as we answer some basic questions you should consider as you explore whether franchising is right for your business.
We’re fortunate to have Brian Keen, the founder of Franchise Simply and one of Australia’s most sought after advisors in the world franchising, join us for this episode and share his expertise on this topic. Brian delves deep into the skills, traits and qualities needed to franchise a business successfully.
We talk about the opportunities available for business owners through franchising and about how to use franchising as a way to scale and leverage a business. We also talk about the difference between the value of a business operating as a single unit versus the value to the business owner of taking that idea and franchising it; because it really can make a massive difference, not just in sale value but also in the saleability of the business as a whole.
Resources:
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- Franchise Simply
- Secrets of Business Experts Exposed
- When you should consider buying a franchise
- Franchising 101
Connect with Brian:
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