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Validating with Franchise Owners Important Questions To Ask Overview of Validation Validating with existing franchise owners is one of the, if not the, most important and exciting steps of your franchise research (aka “Validation”). During this phase, you’ll be speaking with and learning from franchise ...

When you’re searching for a franchise to buy and operate, it can feel daunting to weed through the thousands of different concepts there. According to FranData, there are over 3,800 different concepts franchising their business model across America.  And you know what else FranData says? Only about 16% ...

Ever heard of the idea of investing in a depreciable income-producing asset? It’s a way to potentially reduce one taxable income stream by opening a new income stream. And it’s possible to pull this off by investing in a non-food franchise Here’s the idea… But first, a disclaimer: I’m not an ...

3 Things An FDD Doesn’t Tell You Starting, building, and owning a franchise isn’t all rainbows and sunshine. Don’t get me wrong, it can be amazing. But you need to be prepared for a journey with highs and lows. You can experience natural highs that are hard to describe. You’ll also have some ...

For 17 years, I’ve been helping people buy and build non-food franchises.  Most are first-time business owners who kiss the corporate world behind.  And, many have built incredible businesses with surprising franchises.  Once they were able to unleash their talent and potential in a ...

(That’s not a fast/casual food, hotel, or real estate franchise) Every once in a while, a franchise comes out of nowhere and explodes across the country. And surprises everyone. The first reaction people typically have when they hear about these are… “oh, that’s just a ...

Using a franchise to build a successful and profitable business has a huge advantage that many people don’t think about…you can sell it for a premium.  And sometimes the premium can be massive!  Here are six important things you can do to maximize the value of your franchise when you’re ...

You are looking at executives and founders of some of the fastest-growing franchises in the country. I spent last week meeting with these people along with key people from other top emerging brands in the country. The funny thing is… These top-performing brands aren’t surprises to many people ...

https://youtu.be/G5OeBpZ2LMk │𝐌𝐢𝐬𝐭𝐚𝐤𝐞 #𝟏│ 𝐎𝐧𝐥𝐲 𝐟𝐨𝐜𝐮𝐬𝐢𝐧𝐠 𝐨𝐧 𝐟𝐨𝐨𝐝 𝐟𝐫𝐚𝐧𝐜𝐡𝐢𝐬𝐞𝐬 Here’s the deal...there are a number of high-quality non-food franchises out there that are... More profitable More lifestyle-friendly to operate, and Cheaper to get intoThe only problem is they’re ...

When I heard this quote - and internalized it - it rocked my world. Every person on this earth starts each day with a level playing field of time. Now, what differs is how we use our time. And, once we use that time, it's gone - we can’t get it back. We can make more money. We ...

When I hear this one thing, my ears perk up immediately. Now, it has nothing to do with the business model… Don’t care about the growth rate… It’s not about the numbers… Or even the leadership team… It has everything to do with 𝙬𝙝𝙤 is investing in the franchise. The “who” ...

…isn’t how to do the widget. …isn’t about the brand. …isn’t how to find a great location. …isn’t a lot of things… What it is revolves around YOU… It’s about how you lead, empower and get out of the way of your employees. It’s about the people you hire and the fact that ...

That’s the title of an article The New York Times recently published. Now, personally, I think the title should read “How to Get Rich by B̵u̵y̵i̵n̵g̵ 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 a 𝐇𝐢𝐠𝐡-𝐐𝐮𝐚𝐥𝐢𝐭𝐲 Franchise” The reason why is pretty simple - if you’re successful investing in and growing the right ...

Don’t start with Google. And don’t search something like “most profitable franchises to own.” Up will pop a ton of different results “24 top-ranked, affordable franchises you can own for under $25,000” “The Top 10 Franchises to Open in 2020” Blah, blah, blah Maybe you ...

I called a locally owned franchise for an appointment to have the window replaced after a really bad golf shot went through it (and, no, it wasn't my golf shot). I got to talking to the estimator who showed up. Come to find out he's a member of the family who owns this franchise.  So ...

The fastest way to build wealth (That your financial advisor might not tell you about) ...isn’t buying a house ...it’s not maxing out your 401(k) plan each year ...and it’s not something we’re ever taught about. In my opinion, the fastest way to accelerate your wealth is to build ...

#1 - You don’t actually own it ChicK-Fil-A owns it all. Which limits your opportunity (see #2 and #5 below). #2 - You don’t have any equity Once you’ve built it into a cash cow, you could miss out on one of the biggest financial opportunities of your life...selling the business for a big ol’ ...

“Dru, what are the hottest franchises these days?” This is the first question people ask me when they find out what I do.  And my answer typically surprises them.  You see, after spending 14 years in franchising, my definition of “hot” is different than most people’s.  For example, ...

“Do what you love”  Ever heard that piece of advice before?  Or how about this one?  “If you love what you do, you’ll never work a day in your life.”  Surrrrrrrrrrrrrrrre... I have a friend who is an incredible fly-fisherman. He casts a line like nobody I have ever seen. He ties his own flies. He is obsessed with ...

Ever heard this advice? “Go to school. Get good grades. Go to college. Get a job. Work hard for 40 years, sock away money diligently and you’ll be set for retirement?” It’s the common career advice we’re given time and time again from a young age. How come we’re not taught to how to adapt ...

Do you want to buy an existing business? Do you want to build a business from scratch? Or, do you want to invest in and build a franchise? I recently explored these different options on a podcast with a career change guru, Scott Anthony Barlow. Scott helps people figure out their ideal career ...

Part of the art of finding the right franchise to invest in is looking in places that most people aren’t looking and getting information that most people don’t have. I mean… Why would a successful real estate investor invest in a certain hair care franchise and open fifteen of them? Why ...

Why would a banking executive invest in a boutique fitness franchise (and keep his job)? As you may know, I spend a lot of my time (and my money) researching and finding high-quality franchises. I actually added up the time and money I spend in my research and I figured out that I spend few ...

Yes, before you start a business, you should think about exiting And by exiting, I mean thinking about the question “What is my long-term objective with my own profitable and successful business?” Are you going to cash out on your hard work by selling the business or pass the business on to a ...

The short answer is: “It depends.” And what it depends on is largely based around which franchise offers a proven and validated business model that aligns with your skills, goals, ideal role as the owner, and offers you the highest probability to achieve your lifestyle and financial long-term ...

...One is an accountant. One is a corporate executive. And one is an entrepreneur. And you know what? They all invested in the same franchise, FIRST NAME! DUN-DUN-DUNNN! I feel like I have something to work with (but I’m not a very good joke teller). Anyway. Last year I ...

Some say the key to finding great businesses is following opportunities that others don’t see. I believe part of the art of finding great businesses requires keeping an open mind, keeping an ear to the ground for information that others don’t have and then digging in and researching these business ...