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Similar a Find Your Franchise Pp
Similar a Find Your Franchise Pp (20)
Find Your Franchise Pp
- 1. Find Your Franchise Find Your Future
- 5. Gallup Survey cont. The number of Americans planning to retire before age 65 has dropped from 50% in 1996 to 29% today, according to a recent Gallup survey of 1,020 adults. Meanwhile the proportion of people planning to work until after age 65 has increased steadily from 15% in 1996 to 34% this year.
- 18. Cost of Franchise Businesses Total Investment Percent Under $100K 52.5% $100 to $250K 32.7% $250 to $500K 9.2% Over $500K 5.6%
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- Introduce self what would you like to learn today ----- Meeting Notes (2/11/11 12:41) ----- Next slide so what is the american dream.... cab driver story
- So What is the American Dream What would immigrants say? I would suggest that .. The Promise of the possibility of Prosperity and success Wikipedia Cab driver story
- Why? Ask an Immigrant what is the American Dream They have not been “conditioned” to have a job They have been conditioned to The American Dream CAN YOU DRAW??COKE BROKE CROAK YOLK If you knew you could be a successful business owner, why would anyone prefer to work for someone else? Yet most people don ’ t work for themselves! Why? Something needs to flip the switch like going from a rotary phone where you are connected to wall, to a cell phone. The cell phone gives you opportunities freedom and mobility. You don ’ t have to stop at phone booth and get in a box. . Cell phone gave us opportunities ----- Meeting Notes (4/1/11 14:03) ----- AN OVERWHELMING NUMBER OF SMALL BUSINESS OWNERS ARE VERY HAPPY WITH THEIR LIVES AND BUSINESSES
- An overwhelming number of sm biz owners are very happy with their lives
- GALLUP CONT Our economy and changes in employment trends have made a significant impact on peoples retirement plans
- Lets discuss why we would want to start our own business? Cont on next slide
- Usually sells for 3-6 times annual cash flow
- The truth is.. Avg executive tenure 2.3 years (execunet survey) Unemployment is currently nearly 10% and over 40% have been unemployed for over 27 weeks. The average job search takes 33 weeks. 33 weeks to find a job expected to last 27 months.
- So lets ask ourself… Franchising is a way to accomplish all 4 so what is franchising
- So why consider franchiseing? Here are a few statistics
- So what is franchising? How is it different from a regular business opportunity? A franchise is a business that is authorized to sell or distribute a company's goods or services in a particular geographic area. It is an investment that is subject to a specific contract called the franchise agreement. A franchise provides for the Pairing of 2 entities (the franchisor and the franchisee) for the purpose of business expansion The franchisor and franchisee have mutually shared goals (increased gross sales, market penetration, and brand expansion) The franchisee benefits from the shared resources and experiences of the franchisor and the other franchisees as well as brand identification such as McDonalds or Aamco. A proven marketing and distribution system Reduced costs through group buying power In essence the Franchisor has a vested interest in the success of the franchisee because the more successful the franchisees are the more successful the franchise becomes. This is one reason many of the better franchises use consultant brokers – like myself – to prequalify candidates. The majority of their time is focused on helping each franchise do the very best it can to succeed and prosper.
- You are in business for yourself, not by yourself. You have a partner that has made the mistakes, corrected them, and is there to guide you, which mitigates your downside risk.
- NEXT SLIDE FRANCHISE TYPES
- define royalty At the Master level you are more of a business consultant and provide training and support to the sub-franchisees in your region.
- BENEFITS TO FRANCHISOR expansion with other peoples capital and an owner in place who has a vested interest in the successs of the business. Franchisor has made and corrected all the costly mistakes. When a franchise sells it typically sells for 3-6 times annual cash flow annual Buying a franchise can be a life-changing experience. There are many reasons why you should fulfill your dream of becoming your own boss and open a franchise. The following reasons to buy a franchise will help you to understand why it will be a great investment. Turnkey Business There are many entrepreneurs that have exactly what it takes to run a successful business but don ’t have what it takes to get their business up and running. Whether it be financing, negotiating lease terms or even the confidence it takes to quit their job and start their own business. Buying a franchise eliminates all the hard work: finding a location negotiating a lease hiring reliable contractors doing everything on-time and within budget Unless you are buying and existing business there is a lot of work in figuring out where to build your business, how much to pay what to negotiate in a lease for improvements, how much it will cost you and on and on. Yet these are important issues you need to know about before you can determine your grand opening date, your potential revenue and many other items of interest to a new business owner.
- Many franchises in these categories are growing by leaps and bounds even in this economy
- You might be surprised to know …
- Brick and Mortar vs home based for example SO IF YOU THINK YOU MAY WANT TO BECOME A FRANCHISEE, WHAT DO YOU DO?
- Next slide shows fdd then so how are going to pay for it?
- So how can I finance my new business? Discuss 401k specifically do not give financial or legal advice SBA loans typically require 20% cash injection
- Most of this is common sense but
- Make sure we understand your: Goals Criteria Needs Create your unique Business Model Focus on the best possible companies that meet your needs Provide you with coaching as you follow our proven system for research What kind of LIFESTYLE would you like? At work by 6 out by 3 so you can be home for the kids? In by noon and out by 8 – have the morning to yourself and check on business in the afternoon How about working the phones 6-7 hours a day 2 days a week and setting up appointments to go out and meet customers 2 days a week and have a long weekend every week – while your staff takes care of the work orders over a 5 day work week. These are lifestyle choices. They help define the types of franchises your broker would look for. Want to retire or semi-retire in 5 years ? Build up enough equity and value to sell the business at a profit? What if I told you I could put you into a business and get you full training that would allow you to meet those goals for under 100k investment– would you care if it was selling floor covering? Transmissions, window treatments, senior services? Or are you looking to own a “name brand” where you may have to work harder and longer because of the large up from investment in order to break-even – but - you can say I own a McDonalds or Dunkin Doughnuts where or would you rather break even quicker and start putting way profit? Brokers can help you sort thru these issues.
- Only you can change your financial future this is yoru life. You only get one shot here. Everything is within your control. Happy Pocket stuff! End with Coke Broke Croak and or and can you draw