Have you ever wondered about franchise ownership? So have we. In this episode, we talk with Telanda Sidari, The Franchise Educator, about the in's and out's of franchise ownership.She covers..what makes a franchise different than other types of businesseswhat's the advantages to owning a franchise as opposed to simply starting a business of your ownthe types of franchiseswhat skills are needed to be a successful owner of a franchisethe financial implications, like up-front capitalwhat steps to take in the process of discovering the right franchise for your life and lifestylewhy and when you should NOT purchase a franchisewhat resources are available, like their virtual trade show, and the International Franchise Associationbooks like The Franchise MBA and The E-MythKey Moments00:00 Sales and marketing experience across different industries.03:37 Franchising offers business ownership without reinventing the wheel.07:08 Franchising offers stable opportunities in various industries.12:03 Starting a business from a hobby is dismissive.15:33 Hottest doesn't always mean it'll make money.17:45 Franchising costs and requirements outlined for potential investors.21:32 Franchise process involves investigation and learning.24:43 Scaling business with second franchise, economies of scale.29:03 Franchise process warning signs and resources available.30:29 Consider motivation, research and plan before committing.34:58 Talinda's website has a helpful quiz.37:08 Franchise agreements protect the system unity.39:18 Easiest website with email and 800 number.Just for our listeners, make sure you go to her website and take the Franchise Assessment quiz. It's a free, quick quiz to understand where you are in your search and possibly which concepts would fit with you.We would love to hear from you.Give us your feedback, or suggest a topic, by leaving us a voice message.Email us at [email protected] us on Bluesky and Facebook.Please review our podcast on Google!And of course, everything can be found on our website, Looking Forward Our Way.Recorded in Studio C at 511 Studios. A production of

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