#022 - Why Franchising is not turnkey ft. Angela Coté from Cultivate Advisors Franchise Rising - The Show for Women in Franchising

One of our favorite Franchise Risers is back on the show! Angela Coté returns tto bust a common franchising myth - that franchises are turnkey businesses.
Listen to get truth and to discover why franchises aren’t a “set it and forget it” type of business.
What We Cover
 * Welcoming Angela Coté and discussing her new role
 * Why franchising is NOT turnkey
 * Myth #1: You open your franchise and customers just come
      * The importance of hard work and grit
      * The role of marketing when opening a new franchise
 * Myth #2: You won’t spend more than the franchise fee
      * Ample working capital is essential
 * Myth #3: Once the franchise gets going, it becomes turnkey
      * Why you’ve got to stay involved as an owner
 * The other side: What franchisors need to know
Resources We Mention
 * Cultivate Advisors
 * Angela’s Facebook Page
 * Angela’s LinkedIn Page
 * Angela’s Instagram Page
 * Email Angela
 * Franchise Springboard
Get Inspired by Angela
 * “You can go along and do the trial and error thing and make expensive mistakes, or you can hire an advisor - somebody that's been in your shoes that can guide you to make the decisions to help move you forward instead.”
 * “I get that comparing when it to starting a business from scratch it seems turnkey, but there's just so much more to it.”
 * “I'm trying to bust the myth about franchising being turnkey because I think it comes down to having like very realistic expectations from the start about what it takes to be successful.”