The A-Z Of Investing In A Franchise Rakesh Sharma
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Successful franchise owner and consultant Rakesh Sharma shares his vast knowledge and tricks of the trade to give you a jumpstart on your franchising game.
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9. How to Get Financing for Your Franchising Business
So you’ve found a good franchise that fits your personal needs but you lack funding, what now? Funding is one of the most important aspects to be a successfully operating business. Remember that the franchise fee is not the only thing to prepare for. You have to make sure you have enough working capital that could keep you going for the next 18 to 24 months.
In this episode of the A to Z of investing in a franchise podcast, I will discuss the different methods to obtain additional funding.
Things you will learn in this episode:
Different sources of additional fundingThe importance of a strong business planConsiderations for a commercial bank loanThe importance of a contract in a crowdfunding agreement
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If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you:
Website: https://thefranchiseconsultantpro.com
Linkedin: https://www.linkedin.com/in/rakeshraksharma28ab36aa
Facebook: https://www.facebook.com/thefranchiseconsultantpro
Twitter: https://twitter.com/RakTFCPro -
8. How To Check If Your Business Is Ready For Franchising
Business expansion can be conducted through a multitude of strategies, one of them being franchising. Franchising allows businesses to branch out, grow and provide target customers of different localities an opportunity to experience its unique line-up of products or services. While franchising is a great way to grow a business, it’s not easy to accomplish, especially if it’s not ready.
In this episode of the A to Z of investing in a franchise podcast, I will discusses how you can assess if your business is ready for franchising.
Things you will learn in thie episode:
How to determine if a business is ready for franchisingIdentifying a scalable business modelQuestions to ask yourself before franchising your businessThe importance of adequate funding for a franchise
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If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you:
Website: https://thefranchiseconsultantpro.com
Linkedin: https://www.linkedin.com/in/rakeshraksharma28ab36aa
Facebook: https://www.facebook.com/thefranchiseconsultantpro
Twitter: https://twitter.com/RakTFCPro -
7. How To Be A Successful Franchisee
Franchising is excellent if you want to build a successful business and be your boss without having to build it all from scratch. But, it's not something that one can readily dive into without proper research and knowledge. So what separates successful franchisees from struggling ones?
In this episode of the A to Z of investing in a franchise, I will discuss how to be a successful franchisee.
Things you will learn in this episode:
Qualities of a good franchisee The importance of work ethic and motivation Business skills required to be successful in franchise The rules of franchising agreement
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If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you:
Website: https://thefranchiseconsultantpro.com
Linkedin: https://www.linkedin.com/in/rakeshraksharma28ab36aa
Facebook: https://www.facebook.com/thefranchiseconsultantpro
Twitter: https://twitter.com/RakTFCPro -
6. 4 Qualities of a Good Franchisor
Starting a small business and buying a franchise is a big decision to make. Finding the best franchisor can get confusing, as there are a lot of available options. The right one will assist you in growing the business and achieving your goals.
In this episode of the A to Z in investing in franchise podcast, Rakesh Sharma talks about the preparations before buying a franchise.
Things you will learn in this episode:
Making the right decisions in franchisingWhat you should look for in a good franchisorInvesting in the right franchisorSetting realistic expectations as a franchisee
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If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you:
Website: https://thefranchiseconsultantpro.com
Linkedin: https://www.linkedin.com/in/rakeshraksharma28ab36aa
Facebook: https://www.facebook.com/thefranchiseconsultantpro
Twitter: https://twitter.com/RakTFCPro -
5. 5 Things to Know Before Spending Money on a Franchise
Are you ready to buy your own franchise? There are many things to consider before stepping into that world. It's essential to do your homework and ask the right questions because success is never guaranteed in franchising.
In this episode of the A to Z in investing in franchise podcast, Rakesh Sharma talks about the preparations before buying a franchise.
Things you will learn in this episode:
The importance of knowing your why before buying a franchiseResearch the franchisor before buying a franchise Culture matters in franchising Legal obligations of a franchisee Financial obligations of a franchisee
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If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you:
Website: https://thefranchiseconsultantpro.com
Linkedin: https://www.linkedin.com/in/rakeshraksharma28ab36aa
Facebook: https://www.facebook.com/thefranchiseconsultantpro
Twitter: https://twitter.com/RakTFCPro -
4. The Responsibilities of Franchising
Franchising is not a one-way street. Remember that the franchisor did not sell the franchisee any business. The franchisor is only selling the rights to operate the business under their proven formula. It means franchising is a mutually beneficial agreement where the success of both parties is reliant on one another. Each have a role to play for the success of the franchise.
In this episode of the A to Z of investing in a franchise, Rak Sharma discusses the responsibilities of franchising.
Things you will learn in this episode:
Responsibilities of the franchisee Responsibilities of the franchisor Why franchising is a mutually beneficial agreement The key to success in franchising
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If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you:
Website: https://thefranchiseconsultantpro.com
Linkedin: https://www.linkedin.com/in/rakeshraksharma28ab36aa
Facebook: https://www.facebook.com/thefranchiseconsultantpro
Twitter: https://twitter.com/RakTFCPro