How big do you want to be? Do you want one franchise location? Have you thought about becoming a multi-unit owner, and eventually having 4-5 locations. Or more?
Let's go back in time, for a moment. Can you imagine what it was like to own 4-5 McDonald's locations in the 1970's? Can you get your arms around the financials from those units?
In franchising, most people equate success to having more units. More units=more sales=more profit. I do too.
But, what if you could have major financial success with only one unit?
In a story over at OPEN Forum By American Express, there's a gentleman who could easily franchise his thriving business, and have stores all over the country. But he chooses not to.
There's also another example of a St. Louis entrepreneur that I happen to know, by the name of David Siteman Garland. He's developing what I call, "a
television network without the television." He’s created a daily online
video show for entrepreneurs and marketers. It’s called A Rise To The Top. David has had some pretty
influential guests on the show, including Chris Brogan, Anita Campbell,
Peter Shankman, and Gary Vaynerchuck, to name just a few.
A gentle tip from The Franchise King®:
Do not buy a franchise until you know EXACTLY how to do thorough research.
Learn how here
Go to Open Forum By American Express to learn more…
Would you like to learn more about the business model of franchising, and find out if you can become a multi-unit owner? Or, if you even have to?