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Episode Synopsis
Is Franchising Right for You? with Richard Morgin, Episode 23
In this episode of Is Franchising Right for You?, Richard Morgin discusses essential aspects of franchise ownership. Richard Morgin is a seasoned franchise consultant with over 20 years of experience guiding individuals through the process of finding the right franchise opportunity.
Tune in to the episode to hear about:
* Working with a Consultant: Morgin emphasizes the crucial role of working with a franchise consultant. With over 4,000 franchise brands in the US, a consultant can help narrow down options based on your goals.
* Over-Communicate During the Process: Morgin advises being proactive in rescheduling appointments and expressing your feelings and concerns openly.
* Financing Your Franchise: Morgin discusses various financing options, including SBA loans and the ROBS program, which allows using self-directed retirement assets without penalties or taxes.
* Talking to Franchise Owners: He strongly advocates for prospective franchisees to have live conversations with current franchise owners.
* Understanding Legal Aspects: Before signing any franchise agreement, Morgin advises thorough legal examination by experts. This includes scrutinizing the franchise disclosure document and negotiating terms.
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About Is Franchising Right for You?:
The Is Franchising Right for You? Podcast demystifies preconceived notions about franchising, both entrepreneurs franchising and those buying a franchise.
Subscribe to The Franchise Consulting Company’s YouTube channel to not miss an episode: https://www.youtube.com/@thefranchiseconsultingcomp119
Connect and learn more from your host, Richard Morgin:
* Connect with Rick on LinkedIn: https://www.linkedin.com/in/richardmorgin
* Follow Rick on Facebook: https://www.facebook.com/rickmorgin
* Follow Rick on Instagram: https://www.instagram.com/rickmorgin
* Text Rick at 26786
In this episode of Is Franchising Right for You?, Richard Morgin discusses essential aspects of franchise ownership. Richard Morgin is a seasoned franchise consultant with over 20 years of experience guiding individuals through the process of finding the right franchise opportunity.
Tune in to the episode to hear about:
* Working with a Consultant: Morgin emphasizes the crucial role of working with a franchise consultant. With over 4,000 franchise brands in the US, a consultant can help narrow down options based on your goals.
* Over-Communicate During the Process: Morgin advises being proactive in rescheduling appointments and expressing your feelings and concerns openly.
* Financing Your Franchise: Morgin discusses various financing options, including SBA loans and the ROBS program, which allows using self-directed retirement assets without penalties or taxes.
* Talking to Franchise Owners: He strongly advocates for prospective franchisees to have live conversations with current franchise owners.
* Understanding Legal Aspects: Before signing any franchise agreement, Morgin advises thorough legal examination by experts. This includes scrutinizing the franchise disclosure document and negotiating terms.
***********************************
About Is Franchising Right for You?:
The Is Franchising Right for You? Podcast demystifies preconceived notions about franchising, both entrepreneurs franchising and those buying a franchise.
Subscribe to The Franchise Consulting Company’s YouTube channel to not miss an episode: https://www.youtube.com/@thefranchiseconsultingcomp119
Connect and learn more from your host, Richard Morgin:
* Connect with Rick on LinkedIn: https://www.linkedin.com/in/richardmorgin
* Follow Rick on Facebook: https://www.facebook.com/rickmorgin
* Follow Rick on Instagram: https://www.instagram.com/rickmorgin
* Text Rick at 26786
More episodes of the podcast Is Franchising Right For You?
Franchise Development with Brandon Johnson
27/06/2024
Referrals Rainmaker, Maile Collmer
14/05/2024
Referral Strategies with Jeff Tockman
23/04/2024
Franchise Development with Doug Schadle
11/04/2024
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