McDonalds Franchise Openings from eric socolofsky on Vimeo.
A Great Business System
The franchise model is the greatest business system ever developed. It’s an amazing system to see in action. If you want to experience the best of the best, stop by your local McDonald’s franchise. Buy yourself a cup of coffee, grab a table, and observe the operation. It is the ultimate well-oiled machine.
I’m not suggesting that you buy a McDonald’s franchise. (Unless you can afford the $1.5 million investment.) As a matter of fact, I’m not going to suggest that you buy any franchise yet. Get my free introduction to franchising online course, first.
The Franchise Model: The Greatest Business System Ever Developed
After you’re more knowledgeable about franchising, you’ll need to find out if you’re right for the mostly rigid franchise business model. (I’ll help you figure it out.) By rigid, I mean that there are certain things that you’re going to need to do as a franchisee. The franchise model is not for everybody. There are certainly pros and cons to investing in this type of business; the pros must outweigh the cons in order for you to buy into the franchise model. But, don’t worry; the things that you’ll need to do as a franchisee are all spelled out for you in the franchise operations manual. (Their operations manual.)
Next, you’ll need to do a thorough self-analysis. (I’ll show you an easy way to do it.)
Then, you can choose a few franchise opportunities to learn about from the 3,000+ different concepts offered. It can be pretty overwhelming, to say the least. Not only will I help you hone in on the ones that make sense for you to look at, I’ll show you the best places to find them!
However…
The most important part of the franchise exploration process is the research. Do this perfectly, and you’ve immediately lowered your financial risk. Of course the opposite is true, too. If you don’t learn how to do superb franchise research, the mistakes you make can stay with you for years. The franchise research techniques that I teach are very powerful; the franchise salespeople that you’ll come in contact with will cringe every time you call.
Finally, when the time comes for you to make a yes or no decision, you’ll be armed with the knowledge you need to make a fact-based decision on whether you should become a franchise owner….or not.
Grab my free online franchising course, now.
And, begin your journey…
