Show cover of What's Your Next?

What's Your Next?

Providing great information to help aspiring Entrepreneurs transition out of their current business or corporate job into another business or franchise.

Tracks

Rising Franchise Labor Costs: Strategies for Navigating the New Normal
In this episode, we tackle the hot topic of inflating labor costs in the franchise market. Aspiring business owners will find this episode particularly enlightening as we break down the complexities of labor costs and provide actionable insights for managing them effectively.Key Insights from the EpisodeWe emphasize that understanding and managing labor costs is crucial for anyone considering owning a franchise. Here are the main points discussed:–Minimum Wage Impact: The discussion opens with the impact of California's $20/hour minimum wage and its potential influence on other states and businesses.–Labor Market Trends: They highlight current trends, including higher pay demands, the desire for remote work, and the aging workforce that still wants to stay active without necessarily owning a business.–Franchise Models: Not all franchises are affected equally by rising labor costs. Different models may require varying levels of external labor, affecting overall costs.–Assessment Strategies: The importance of evaluating labor costs, understanding the local economic trends, and knowing the types of labor required (unskilled, semi-skilled, skilled) is underscored.–Economic Data: Leveraging economic data and insights from other franchisees (via FDD Item 19) can provide a clearer picture of expected labor costs.–Pricing Flexibility: Some franchises offer flexibility in pricing, allowing franchisees to adjust prices in response to local labor market conditions.–Technological Solutions: AI and robotics are increasingly being used to reduce labor costs and increase efficiency. Examples include automated attendants and robotic systems like McDonald's "Flippy."–Franchise Support: Many franchises offer recruitment support, technological tools for scheduling and routing, and even call center services to help manage labor more efficiently.–Employee Retention: Retaining good employees is vital. Incentivizing and empowering employees through bonus schedules can foster loyalty and reduce turnover.–Employment Models: Evaluating the pros and cons of using W2 employees versus 1099 contractors or offshoring work can provide cost-effective labor solutions.This podcast provides tips, emphasizing the importance of keeping good employees through effective retention strategies. She highlights the flexibility some franchises offer regarding employment models, allowing franchisees to choose between W2 employees, 1099 contractors, or even offshoring.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
14:14 6/6/24
Ready to Buy a Franchise? Consider These Key Factors Before Quitting Your 9 to 5
https://www.NextLevelFranchiseGroup.comThinking of leaving your corporate job to buy a franchise? Here are essential considerations to ensure a smooth transition:Financial Readiness:Ensure you have at least $50,000 in liquid cash.Maintain a safety fund for unexpected downturns.Time and Effort:Choose a business model that suits your current situation: owner-operator, semi-absentee, or passive.Identify Your 'Why':Understand your motivation (flexibility, financial gain, legacy) and select a franchise that aligns with it.Health Insurance and Support:Consider how you will manage health insurance.Leverage support networks within the franchise community.Startup Phase and Cash Flow:Understand the startup phase duration and cash flow specifics of the franchise.Plan for staffing needs and the timing of income.Contingency Plans:Prepare for the worst-case scenario and have an exit strategy.Diversify revenue streams to withstand economic changes.By thoroughly evaluating these factors and preparing accordingly, you can make an informed decision about transitioning from a 9 to 5 job to owning a franchise.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
13:42 5/28/24
Navigating Uncertainty: Thriving in Franchise Ownership Amid Economic Shifts
In the latest episode, we delve deep into the challenges and opportunities of franchise ownership amid economic uncertainties. They provide insightful perspectives and valuable advice for aspiring business owners considering franchising during volatile economic times.Key Points:Current Economic Climate: The world is experiencing significant economic shifts, marked by job layoffs and a general sense of crisis, prompting many to reassess their career paths towards more secure and autonomous options like franchising.Is It the Right Time?: While the economic news might seem daunting, we argue that there's never a perfect time to start a business. They emphasize long-term investment and adapting to economic cycles, pointing out that some of the most successful companies were launched during downturns.Franchise Industry Growth: Despite economic turbulence, the franchise sector continues to thrive, growing at a rate of 13.7% over the past five years with projections of steady growth in the coming years. Franchises offer a proven system with robust support structures, making them a viable option even in tough economic times.Choosing the Right Franchise: Not all franchises are created equal, especially in an unstable economy. We recommend need-based franchises (e.g., senior care, home services) that tend to perform well regardless of economic conditions, avoiding more volatile sectors like food and beverage.Franchise Benefits: Franchises provide the benefit of being in business for yourself but not by yourself, offering support, negotiated rates, and a community of fellow franchisees to brainstorm solutions during challenging times.Marketing in Downturns: We highlight the importance of marketing during economic downturns when many cut back on their marketing budgets. Investing in marketing during these times can position a franchise to be a market leader when the economy rebounds.This episode offers a blend of personal experience, statistical insights, and strategic advice, making it a must-listen for anyone considering franchise ownership in today's unpredictable economic landscape.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
16:18 5/8/24
Discover Your Future with Pillar to Post: The Premier Home Inspection Franchise Opportunity
https://www.NextLevelFranchiseGroup.comAre you looking for a business opportunity that combines flexibility, financial security, and the potential for significant growth? Pillar to Post, the leading home inspection franchise in North America, may be the perfect match for your entrepreneurial aspirations. Here’s why you should consider this opportunity:Proven Business Model: With over 30 years of experience and a robust system backed by its parent company, Service Brands, Pillar to Post stands as a leader in the home inspection industry.Flexibility and Freedom: This franchise allows you to schedule work around your life, not the other way around, making it ideal for those who value work-life balance.Growth Opportunities: The franchise supports rapid growth through organic expansion, acquisition of neighboring franchises.Training and Support: Extensive training programs and ongoing support are provided, including an 11-week comprehensive training focusing on all aspects of the business—from inspections to management.Innovative Technology: Pillar to Post utilizes proprietary software, enhancing efficiency and service offerings, which allows franchisees to generate higher revenue per inspection compared to the industry average.Community and Veteran Support: A strong community of franchisees and substantial discounts for veterans are part of the Pillar to Post commitment to its operators.Recession-Resistant Market: Real estate is a perennially robust sector with consistent demand for home inspections, regardless of economic fluctuations.Customer Satisfaction and Market Share: High levels of realtor satisfaction and increasing market share underline the brand’s strong reputation and customer-centric approach.If you’re driven, people-oriented, and looking for a franchise that offers both flexibility and a chance to build a substantial business, Pillar to Post might be your next great venture. Dive into the world of home inspections where you can grow a thriving business and achieve your entrepreneurial dreams. Whether you're starting out or looking to pivot into a new business, Pillar to Post provides a structured path to success.For those interested, it’s time to explore further and possibly join the ranks of Pillar to Post’s successful franchisees, making the most of this exceptional business opportunity.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
36:04 4/25/24
Unleashing the Power of Your Franchise Investment: Mastering the ROI Calculator
https://www.nextlevelfranchisegroup.com/franchise-return-on-investment-calculatorIn the bustling world of franchising, understanding and maximizing your Return on Investment (ROI) is crucial for success. The latest episode of "What's You Are Next" podcast dives deep into this topic, offering invaluable insights for aspiring business owners. Hosted by the dynamic duo, Dave and Stacey Riska, this episode not only educates on the financial aspects of franchising but also emphasizes the importance of aligning your investment with your personal goals.Key Takeaways:Understanding ROI in Franchising: ROI isn't just about the numbers; it's about how your investment brings you closer to your personal and financial goals. The hosts introduce a user-friendly ROI calculator available on their website, designed to demystify the process of calculating your franchise's potential return.The Importance of Prequel Knowledge: Before diving into ROI calculations, the hosts recommend revisiting the two preceding episodes. A Deep Dive with the ROI Calculator: The episode walks listeners through a step-by-step guide on using the ROI calculator. From initial investment figures to calculating net profit and understanding fixed and variable costs, the tool is designed to provide a comprehensive view of your potential franchise earnings.Scenario Analysis for a Realistic Outlook: Stacey advises listeners to run multiple scenarios (good, better, best) through the calculator. The Non-Monetary Returns: Beyond the tangible financial returns, investing in a franchise should resonate with your personal 'why'. The Risas highlight the importance of considering what you gain in terms of personal satisfaction and alignment with your values.Future Planning: The discussion concludes with a reminder of the importance of long-term planning. A five-year outlook using the ROI calculator can offer a more realistic picture of your investment's growth potential.This episode of "What's You Are Next" is a must-listen for anyone looking to dive into franchising. With expert guidance, listeners are equipped to make informed decisions, ensuring their franchise investment is not only financially sound but also personally fulfilling.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
17:29 3/29/24
The ROI Blueprint: Navigating Financials to Spot a Winning Franchise
Diving into the world of franchising can be both exciting and overwhelming. With thousands of options available, how do you choose the right one? The key lies in understanding the Return on Investment (ROI) and other crucial factors that contribute to a franchise's success. Here's a simplified guide to help you navigate through the financials and spot a winning franchise.Key Takeaways:Understanding ROI: ROI is a critical factor but shouldn't be the sole criterion for evaluating a franchise. It's essential to look beyond just the numbers to find a franchise that aligns with your goals and values.Types of Franchises: Franchises can vary significantly, from home-based models to brick-and-mortar setups, each with its own set of financial dynamics. Consider whether you want to be an owner-operator, semi-passive, or invest in a passive model like vending machines.Initial Investment vs. Long-Term Success: Don't judge a franchise solely by its initial investment cost. Some franchises may require a higher upfront cost but offer greater long-term revenue potential.Expenses and Revenue: Understand the ongoing expenses and potential revenue streams. Factors such as location, market demand, and brand recognition can significantly impact your financial success.Turnkey Operations and Support: Many franchises offer turnkey operations and support services, which can add to your ongoing costs but also provide valuable assistance in marketing, operations, and technology.Choosing the right franchise involves a careful analysis of ROI, understanding the different franchise models, and considering your personal goals and lifestyle. By using the provided insights and evaluating both the financial and non-financial aspects of a franchise, you can make a more informed decision that aligns with your vision of success. Remember, the best franchise opportunity is one that not only promises a good return on investment but also fits your personal why and supports your long-term goals.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
12:39 3/19/24
Avoid the Pitfalls: Essential Insurance Tips for New Entrepreneurs!
Insurance is often a topic many shy away from, but for aspiring business owners, it's an essential aspect of ensuring the longevity and security of your venture. Here are some key takeaways from this in-depth interview with insurance expert Nicolas “Nico” Lares:Insurance is a Must for Business Owners: It's not just about legal compliance; insurance is about transferring risk and protecting your business's future.The Journey into Insurance: Nico's entry into the insurance industry was unplanned, highlighting that many professionals in the field find their path unexpectedly, often leading to a fulfilling career.Understanding Business Insurance: It's crucial for business owners, especially those in franchising, to grasp the basics of insurance, including the types necessary for operation.Types of Business Insurance:Business Auto Insurance: Different from personal auto insurance, it covers vehicles used for business operations, including liability for damages and injuries caused by business vehicles.Workers' Compensation: Mandatory in most states, it covers employees' medical expenses and lost wages due to work-related injuries.General Liability Insurance: Protects against third-party claims of property damage or injury caused by your business operations, not covered by business auto or workers' comp.The Role of an Insurance Broker: Working with a broker like Nico can provide personalized advice, help navigate claims, and ensure you have the right coverage for your specific business needs.Choosing the Right Insurance: Look for brokers with experience in your industry, compare quotes from multiple providers, and consider the broker's ability to support you through claims.Insurance as Your Business Grows: As your business expands, especially across state lines, your insurance needs will evolve. An experienced broker can guide you through these changes.Insurance might not be the most exciting aspect of starting a business, but with the right guidance and understanding, it can be a crucial tool in protecting your dream. Whether you're just starting out or looking to expand, taking the time to understand and invest in the right insurance coverage can save you from future headaches and financial strain.Contact Nicolas Lares:Email: Nicolas@Fortsure.comPhone: 1-(954) 324-3112📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
31:19 3/11/24
Crack the Code: Unveiling the Secrets of Franchise ROI
https://www.NextLevelFranchiseGroup.comDiscovering the potential return on investment (ROI) in franchising can seem daunting, but it's crucial for aspiring and current franchisees. This blog post simplifies the concept of franchise ROI, making it easy to understand and evaluate for anyone looking to invest in a franchise.Key Takeaways:-Understanding ROI: ROI is a critical factor when evaluating a franchise opportunity. It helps determine the potential return on your investment compared to other investment options.-Investment vs. Purchase: Viewing a franchise as an investment rather than a mere purchase shifts your mindset towards long-term financial planning and success.-Franchise Disclosure Document (FDD): The FDD is your go-to document for understanding the costs (Item 7) and potential revenues (Item 19) associated with a franchise, crucial for calculating ROI.-Costs to Consider: Initial investment includes franchise fees, training, marketing, technology fees, and equipment costs.-Revenue Insights: Understanding how to make money, including average ticket sales and operational expenses, is key to projecting your ROI.-ROI Calculation: A simple formula to calculate ROI is net profit divided by initial investment, multiplied by 100.-Due Diligence is Key: Success in franchising is not guaranteed. Thorough research and understanding of the numbers are essential.-Misconceptions and Tips: It's important to understand that ROI calculations can vary and should include all potential expenses and revenues for accuracy.Important Time Stamps:00:53 - The significance of ROI for franchisees01:31 - The difference between buying and investing in a franchise02:20 - Evaluating ROI and investment considerations02:59 - Understanding costs with the FDD03:37 - Exploring revenue opportunities and calculations05:33 - Addressing misconceptions and emphasizing due diligenceFranchise ROI doesn't have to be a complex puzzle. By understanding the basics of investment, costs, and revenue, along with utilizing tools like the FDD and ROI calculators, you can make informed decisions about your franchise investment. Remember, success requires thorough research and a clear understanding of your financial projections. Stay tuned for more insights and tools to help you navigate the world of franchising effectively.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
12:46 3/5/24
Unlocking Success in Franchising: Beyond Familiarity
https://www.NextLevelFranchiseGroup.comPrevious Funding Video https://www.youtube.com/watch?v=VtWr3_-MSogDiving into the world of franchising can be an exhilarating journey toward business ownership. Yet, many aspiring entrepreneurs hesitate, bogged down by misconceptions about the need for industry experience. In this concise, bullet-pointed blog post, we debunk the myth that familiarity is a prerequisite for franchise success, drawing insights from the enlightening podcast episode of "What's Your're Next."Key Takeaways:Familiarity Misconception: The belief that one must have prior experience in a franchise's industry is a common barrier.Success Without Experience: Many franchisees achieve remarkable success without any background in the industry of their franchise.Franchisor Support: Comprehensive training and ongoing support from franchisors are pivotal in navigating the initial and future challenges of the business.Peer Learning: The franchisee community offers a wealth of knowledge, sharing best practices and experiences that contribute to individual success.Due Diligence is Key: Assessing a franchise involves evaluating its support system, operational model, and the success of existing franchisees without industry experience.Simplified Insights:No Need for Expertise: Entering a franchise without industry experience can be advantageous, allowing fresh perspectives and learning.Franchisor's Role: Look for franchises that offer robust training programs and continuous support to ensure you're never alone in your journey.Community Advantage: Leverage the diverse experiences of fellow franchisees to enrich your business approach.Matchmaking: Finding the right franchise is about aligning your passions, skills, and resources with the right opportunity, not your resume.Success Formula: A proven system, combined with your dedication and the franchisor's support, paves the way for success.Embarking on a franchise venture without prior industry experience isn't just possible; it's a path many successful franchisees have traversed. By focusing on the strengths of the franchising model—structured support, a proven business model, and a community of peers—entrepreneurs can overcome the familiarity barrier and thrive in their chosen ventures.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
08:17 2/22/24
Warning: Are You Losing Sleep Over Franchise Funding
https://www.NextLevelFranchiseGroup.comTitle: "Unlocking Franchise Success: Navigating the World of Funding"Key Takeaways from the Podcast:Franchise Funding Basics:You don't need 100% of the money upfront to acquire a franchise.Various funding opportunities are available, often requiring less than 50% personal capital.Understanding Franchise Costs:Initial costs include franchise fees, training fees, and possibly build-out expenses for brick-and-mortar locations.Plan for cash flow needs, including marketing and operational expenses for the first few months.Funding Options:SBA Loans: Common and diverse programs available.HELOC: Using home equity for funding.ROBS: Using 401k funds without penalties or taxes.Personal and Business Loans: Both secured and unsecured options.Working with a funding partner is recommended to navigate these options.How Much Money Do You Need?:Aim for at least $50,000 in the bank.This ensures living expenses are covered and meets potential cash infusion requirements for some funding options.Avoiding Undercapitalization:It's better to overestimate funding needs than to be underfunded.Overfunding can usually be prepaid back if not used.Final Tips on Funding:When to Start: Begin exploring funding options early.How to Proceed: Utilize experts and funding partners for guidance.Video Timestamps:00:00 - Introduction to the episode and series.00:34 - Overview of the podcast and its audience.01:08 - Introduction to the topic of funding.01:43 - Analogy of franchise funding to home funding.03:06 - Explanation of the need for funding in franchising.03:25 - Discussion of various funding options.04:42 - Insights on how much money a prospective franchisee should have.05:39 - Importance of avoiding undercapitalization.06:08 - Final advice on when and how to approach funding.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
07:50 2/1/24
Join The Fastest Growing Painting Franchise - That 1 Painter
Would you like to own a business that's SIMPLE, PROFITABLE and provides done-for-you MARKETING and CALL CENTER SUPPORT? 🤩Watch the replay of our webinar featuring That 1 Painter franchise - the fastest growing painting franchise! 🖌️You might be thinking "I'm not a painter." "I don't see myself owning a painting business." AWESOME! Because you DO NOT need any prior painting experience and once you see what a lucrative opportunity this is, you'll be clamoring to know if it's available in your area.Why You Can't Afford to Miss This Replay:🌟 Discover the Secret Sauce: Uncover the unique strategies that make That 1 Painter a market leader and how you can ramp up quickly to dominate your area.🚀 Skyrocket Your Success: Learn how That 1 Painter supports you with marketing, advertising, call center and followup support. You'll love the freedom and flexibility this franchise gives you so you can focus on being a leader in your community and building a profitable business.💼 Business Made Simple: Get a sneak peek into our foolproof business model that's as easy to follow as a paint-by-numbers kit!🤝 Community & Support: Learn about the robust support network that ensures you're never painting alone.💡 Innovation at Its Best: Find out how we stay ahead of the curve in a competitive market. Spoiler alert: it's not just about the paint!📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
27:30 1/23/24
Fear, Funding and Familiarity - The 3 F’s That Keep People From Pursuing Business Ownership - Part 1: Fear
https://www.NextLevelFranchiseGroup.comThe 3 F’s That Keep People From Pursuing Business Ownership - Part 1: FearIn the world of franchising, fear is a common but conquerable obstacle. Here's a concise, bullet-point summary of key insights from the "What's Your Next" podcast episode on tackling fear when buying a franchise:Defining Fear: Often, fear is simply 'False Evidence Appearing Real.' It's a natural part of the franchise acquisition process.Common Fears:Security Loss: Transitioning from a stable job to being your own boss.Fear of Failure: Worrying about not succeeding in the new venture.Debt Anxiety: Concerns about borrowing money or financial loss.The Unknown: Entering a business area with no prior knowledge.Personal Experience from Hosts:Faced fear when choosing between different franchise sizes.Concerns about failure in food service, despite a proven franchise model.Ultimately, the decision was driven by factual considerations, not emotions.Overcoming Fears:Good vs. Bad Fear: Use fear as a motivator, not a deterrent.Seek Education: Base decisions on data, logic, and facts.Utilize Frameworks: Use structured approaches like the 'six Ps' for informed decisions.Do Your Due Diligence: Learn from existing franchisees about their experiences.Additional Advice:Educate Yourself: Read books, listen to podcasts, and learn from successful business owners.Understand Your 'Why': Align your personal goals with the franchise choice.Remember Franchise Benefits: It's a system to be in business for yourself, but not by yourself.The episode highlights that fear, while natural, should not be a barrier to pursuing franchise ownership. These fears can be managed and overcome with the right approach, education, and mindset. Stay tuned for more on funding and familiarity in franchising!📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
08:35 1/10/24
Unlocking the Potential: The Best Franchises for Aspiring Business Owners
https://www.NextLevelFranchiseGroup.comHot Topic for Aspiring Business Owners: Exploring the best franchises to own, following up on our discussion about various business types.Choosing the Right Franchise: Key criteria include profitability, strong support, a proven system, and a solid brand reputation.Top Franchise Categories:Children and Education: High demand due to being essential services.Pet Care: Increasing expenditure on pets makes this a lucrative option.Home Services: Covers a wide range, from lawn care to home repairs, driven by constant need.Senior Care: Growing sector due to the aging population, known as the "silver tsunami."The Importance of Open-Mindedness: Success stories from candidates who explored different franchise options, like mobile pet grooming, based on personal passion and market needs.Starting Your Franchise Journey:Work with experts for guidance and matchmaking.Learn through a structured process, like the nine-step Franchise Roadmap System.Understand the Franchise Disclosure Document (FDD) for insights into profitability and operations.Assess market trends and franchisor strengths.Identifying a Good Franchise:Differentiate between good and not-so-good franchises.Utilize the FDD for comprehensive information, including financial expectations.Conduct thorough research and due diligence.To find the best franchise, consider industry trends, the franchise's support system, and conduct in-depth research. Working with experts like us can lead you to the business of your dreams.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
11:12 1/1/24
Choosing Your Path to Business Ownership: Starting from Scratch, Buy Existing Business, or Franchising
https://www.NextLevelFranchiseGroup.comAre you dreaming of escaping the corporate nine-to-five grind and starting your own business? If so, you're in the right place! In this episode of "What's Your Next?" Dave and Stacey Riska, a husband-and-wife franchising duo, discuss the various options for business ownership and the pros and cons of each. Let's break it down in a simple, skimmable format:Three Paths to Business Ownership:Starting a Business from Scratch:Pros:Your business, your rules.Unleash your creativity.Flexibility in work hours.Cons:No established recipe for success.High risk.Buying an Existing Business:Pros:Immediate access to an established customer base.Existing cash flow.Cons:Uncertainty about why the business is for sale.Validating financials can be challenging.Franchise Ownership:Pros:Proven business system.Ongoing support, marketing, and technology.Access to a network of fellow franchisees.Cons:Not all franchises are created equal.Initial investment is required.Understanding the Risks:Starting from Scratch: 90% of new businesses fail within the first five years.Franchises: About 85-90% of franchises are still in operation after five years.Buying an Existing Business: Statistics vary, but it falls somewhere in between.Key Consideration: Your "Why"Determine your motivation for business ownership.Consider factors like flexibility, financial security, and your passion.Dave and Stacey's Example:Their "why" was financial freedom.They set a clear goal to exit their first business within 10 years and achieved it.Closing Thoughts:Opportunities abound in the world of business ownership.Choose the path that aligns with your entrepreneurial spirit and financial comfort.Seek expert guidance to match your goals with the right business concept.Remember, the journey to business ownership is exciting, but understanding your motivations and the potential risks is crucial. Whether you're starting from scratch, buying an existing business, or exploring franchise opportunities, make an informed choice that's right for you. Goo📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
10:47 12/14/23
What are Some of the Key Benefits of Franchise Business Opportunities
We're going to cover something which is when you are taking a deep dive into the world of business ownership one of the very best ways and most exciting avenues for entrepreneurship is franchise business opportunities. We are going to discuss what are some of the key benefits of franchise business opportunitiesSo a lot of people have misconceptions about it because they think, ooh, franchise, right? McDonald's, Wendy's, Burger King; it's all french fries and fast food. So here are some fun stats to start off our discussion today. How many different franchise concepts do you think there are? There are 4,000 plus out thereAnd how many people do franchises employ?More than 8 million people. And what about veterans? They're big on getting into franchising. How many franchises are veteran-owned?One out of every seven franchises is veteran-owned.What are some of the key benefits of franchise business opportunities?Generally, when people are looking at a franchise opportunity, it's because they're looking to make a change and they want a business that's going to be stable, can provide income, freedom and flexibility. But what is a franchise? … watch/listen to the full episode/podcastWhat’s CoveredBut what is a franchise? What are some of the financial aspects or important financial points about franchise business opportunities?Should you run out there and research franchises all over the internet?What would you say is the biggest mistake that many people make when they're first exploring franchise opportunities?Key points regarding franchise business opportunities.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
09:40 11/29/23
From Service to Success: A Military Couple's Journey into Franchise Ownership
Are you dreaming of owning your own business but not sure where to start? Janna and Peter, a husband-wife duo, share their inspiring journey from military service to successful franchise ownership in this episode of “What’s Your Next”. They worked with Franchise Dream Matchmaker Stacey Riska to find the perfect business opportunity, and their story is a testament to the possibilities that await when you take that entrepreneurial leap. Here’s their story, summarized for easy reading:Background:Janna was a probation officer, law enforcement officer, and Air Force military police officer for 13 years.Peter is an Air Force officer with 13 years of service.Seeking Change:Janna felt burnt out from her job and wanted a business that brought her happiness and financial freedom.Peter supported her desire for a career change while maintaining his military service.Transferable Skills:Both brought leadership, people management, and adaptability skills from their military backgrounds.Entrepreneurial Dreams:Neither had prior entrepreneurial experience or owned a business before.They had discussed various business ideas over the years, including a cafe and dog training.Starting the Journey:They reached out to Stacey Riska for guidance, initially considering starting a business from scratch.The Franchise Option:Stacey introduced them to the world of franchises, emphasizing the support and structure they provide.Janna and Peter chose franchising as it offered the backing and guidance they needed as first-time entrepreneurs.Exploring Franchise Opportunities:They researched and evaluated different franchises, including pet training and pet sitting concepts.Discovered Zoomin’ Groomin’ a mobile pet spa franchise, which piqued their interest.Market Research:They considered the need for their chosen franchise concept in their local area.Realized that there was a demand for pet grooming services and limited competition.Concerns and Doubts:Worries about financial backing were their primary concerns.They strategically planned and set aside funds to cover startup costs.The Decision:After thorough research and discussions with franchise mentors, they chose Zoomin’ Groomin’ mobile pet grooming.The Timeline:Their franchise journey took about three to four months, from initial📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
35:30 11/29/23
50 Shades of Opportunity Owning A Black Optix Tint Franchise
 Are you ready to seize an amazing opportunity where you can own an in-demand tinting and auto-styling business? Watch the replay of this electrifying webinar, "Shades of Opportunity: Discover Black Optix Tint Franchise Ownership," where we'll unveil how you can own this solid franchise business.  The Black Optix Tint Difference: Learn what makes Black Optix Tint unique and discover why it's not just a business; it's a journey towards your prosperity and freedom. Franchise Triumph Secrets: Hear from current franchise owners who share their success secrets and how they turned their dreams into thriving businesses. Forge Your Own Path: Explore how Black Optix Tint will provide you an affordable "business in a box" into the tinting and auto styling industry with reasonable overhead, low start-up cost, and applicability in most markets. Personalized Guidance and Support: You'll understand the comprehensive support and training you receive in opening and growing your business. Find out why with Black Optix Tint, you're always in business FOR yourself, not BY yourself. Don't miss this replay event! Prepare to be captivated by what you learn. This just may end up being the business of your dreams! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
38:45 11/8/23
Do I Really Have to Sign the Franchise Disclosure Document Item 23?
https://www.NextLevelFranchiseGroup.comWe are so excited because we finally reached the review of the final item of the Franchise Disclosure Document (FDD). If you've been hanging in there with us, we know this is a lot of information, but it's worth understanding the FDD and what you are agreeing to. If you've reviewed this information and looked this over in-depth and learned about the different items of the FDD, then you are going to most likely make a much better decision about your perfect choice of a franchise. Item 23 - The ReceiptWhat they mean in general is receipt of the Franchise Disclosure Document, and this particular item requires your signature. Now, we want to explain this to you first. The signature does not bind you in any way at this point in time for acquiring this franchise. All it is is a signature that says you've received the FDD. What's important about this is that it's signed and dated. Once it's signed and dated, the franchisor has to wait 14 days for you to make a decision. Regardless if you read it, signed it …… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 23?Why is Item 23 so important?Any misconceptions about what you are signing in Item 23.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
05:39 10/11/23
The Entire Franchise Deal - FDD Item 22
https://www.NextLevelFranchiseGroup.comGuess what, imagine this, we're going to be covering another item in the Franchise Disclosure Document (FDD), but we promise we are really close to the end. If you've been following along with us through all the Items of the FDD, you're probably worn out by now. The good news, this is a short item. It's item 22.Item 22 of the FDD has to do with overall contracts, and I would call it the disclosure of contracts to you in this particular item. This statement summarizes the whole thing. The franchisor needs only to state a short opening sentence something along the lines of the following agreements/contracts and other required exhibits are attached to this disclosure document in the pages immediately following. So what they're saying is that here's a list of all their agreements/contracts that are going to become part of your overall agreement with that franchisor if you decide to move forward in this particular item. So in short order what it mostly says is you've read the whole FDD … watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 22?Why Item 22 is an important item you review and understandThe general types of contacts/agreements you will find here📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
04:47 10/6/23
Is Your Franchisor Having Financial Difficulties? Find Out in Franchise Disclosure Document Item 21
https://www.NextLevelFranchiseGroup.comCan you imagine that there are 23 Items in the Franchise Disclosure Document (FDD). We are closing in on the end covering all the Items, and we are now covering Item 21 which is the financial statements of the franchisor in general.The most important part about this Item is that there are two sets of financial statements that are covered in this particular item of the FDD: one is the statement of cash flows or the income statement for the last three years, and the balance sheet for that same franchisor for the last two years. So Why Are the Franchisor's Financial Statements Important?So a lot of times when you look at them, you're going to see big numbers. Remember, this is not a franchisee. This is not like a one-franchise location type of thing, this is the franchisor with multiple locations under it. So it's not like ...… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 21?Why Item 20 is an important item you review and understandWhat financial statements will you find in Item 21 of the FDDWhat to do once you have reviewed the information in this item📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
04:47 9/27/23
Becoming a Grandmapreneur: Never Too Late to Chase Your Dreams
https://www.NextLevelFranchiseGroup.comHello, everyone! Welcome back to another episode of "What's Your Next." I'm Stacey Riska, your expert franchise matchmaker, here to help you find a business that's a perfect match for you. Today, we have a special guest, Connie Inukai of Write Your Selfie. Connie is not just an author and inventor, but also what we affectionately call a "grandmapreneur." Today, we'll dive into her inspiring story, her inventions, and the businesses she's running. You're in for a treat, so let's get started!Age Is Just a NumberConnie's journey into entrepreneurship began at the age of 70, proving that there's no age limit to pursuing your dreams. She spent 40 years as a technical writing professor at the University of Maryland, inspiring her students to dream big and find their ideal careers. In a unique assignment, she encouraged her students to identify their dream job and create instructional materials for it, sparking creativity and ambition in her classroom.From Technical Writing to InventingAs Connie aged, her eyesight deteriorated, and she faced challenges like reading menus in dimly lit restaurants. To address this problem, she invented "Tip and Split," a handy device equipped with a magnifier, light, and bill-splitting feature. This invention became her first foray into entrepreneurship.A Transition to Retirement and New VenturesConnie's transition from teaching to entrepreneurship came when she realized her students, who started their careers after graduation, would eventually earn more than her. She decided to retire and embark on her entrepreneurial journey. Connie initially struggled with finding the right people to promote her invention but soon took matters into her own hands. She wrote a book titled "How I Got My Product on QVC, The Today Show, The View, and More in Retirement," sharing her tips on gaining visibility and success as an entrepreneur.Writing for Her GrandchildrenDuring the COVID-19 pandemic, Connie paused her Tip and Split venture, as it primarily served the restaurant industry. She shifted her focus to a new project: writing her life story for her grandchildren. Realizing the importance of preserving family history, she created a unique book filled with pictures and captions that share her life experiences and ancestry with her loved ones.Inspiring Others to Write Their SelfieConnie's passion for preserving memories and stories led her to 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
35:54 9/26/23
Is Your Franchise Closing Locations ... Find Out in Item 20
https://www.NextLevelFranchiseGroup.comSo we are back on the Franchise Disclosure Document (FDD) looking at item 20 and it’s a doozy. It's a prominent item in that there are a lot of numbers and facts and figures that are covered in this Item regarding the number of units within a franchise being disclosed. In this particular Item, it's not like Item 19 where there's a lot of flexibility in how the numbers and info are presented regarding the operations of their franchises. This one is more regarding the actual number of units in operation and the status of those units. We're going to outline each one of the tables included. There are five tables within this Item, and these tables are going to lay out the different numbering that you're going to see for each of these different five areas that must be covered in Item 20. The first one has to do with the system-wide summary of the net change of both franchised and company-owned outlets in the last three fiscal years. Item 20 is going to comprise of five tables and every franchise must follow the same lineage of how these tables are structured. In Item 19, when you're talking about money, it's a little bit more flexible. Item 20 is not flexible, and table one compares franchise units versus company-owned units. This can be really insightful …… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 20?Why Item 20 is a super important item you review and understandThe 5 tables that generally make up Item 20 of the FDDWhat each table graphically meansWhat are some of the trends to look for in these tables/charts📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
14:15 9/14/23
The Granddaddy of the Franchise Disclosure Document - Item 19
https://www.NextLevelFranchiseGroup.comFor those of you who have been following us along, we're going back to the Franchise Disclosure Document (FDD) and we're covering the granddaddy of all the Items (of the FDD), which is Item 19. We're gonna learn what is Item 19, and why is it important and give you some advice on how to follow up on Item 19 if you're evaluating a franchise. What is Item 19 from a 10,000-foot view?Item 19, it's the biggie, it's the big kahuna. Item 19 is financial performance representations. And this answers the question that every single candidate asks us, which is, how much money can I make? Item 19 directly covers the revenue side of the equation.Why Item 19, it’s essential that you understand what it is, where it is, and what it means. So when a candidate starts looking at Item 19 of the FDD, the financial representations, here's the thing, every single franchise that you look at this is going to be presented differently. There's no one set format for how to present the Item 19 financial representations. That's why you really need to understand what it covers which is how franchisees in that system are making money. It's NOT A GUARANTEE …… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 19 from a 10,000-foot view?Why Item 19, it’s essential that you understand what it is, where it is, and what it means.Is Item 19 a mandatory item in a franchise disclosure document?What exactly is included in Item 19?Are there any common exclusions found in Item 19 of the FDD?Additional comments about the FDD Item 19📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
14:46 8/15/23
Multi-Unit or Single Unit … That is the Franchise Question
https://www.NextLevelFranchiseGroup.comGreat news … we are not going through the Franchise Disclosure Document in this post, we are actually going to be covering something that you will be exposed to likely if you are investigating a franchise, if the franchise has this opportunity available for you, and that is what is a Multi-unit Franchise.Multi-Unit or Single Unit … That is the Franchise QuestionWe will walk through what a multi-unit franchise is, and how to evaluate a single-unit franchisor versus a multi-unit franchisor. We would like to start by relating it back to our own franchise that we own today, and how we kind of evolved through that process during our franchise early days, and I'll say even in our pre-franchise days. Key considerations that somebody would want to know about and looking at a single-unit franchise onlySo a single-unit franchise is simply one unit, or one territory and for a lot of people looking at franchises, it can be a very smart way to start. It's kind of like dipping your toes in the water …watch/listen to full episode/podcastWhat’s CoveredWhat is a Single-Unit FranchiseWhat is a Multi-Unit FranchiseWhy consider a Multi-Unit FranchiseBenefits of acquiring a Multi-Unit Franchise📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
11:41 8/2/23
You Can Own A Business Of Caring: How Right At Home Franchise Is Transforming Lives and Bottom Lines!
Are you ready to make a difference while building a thriving business?  Watch the replay of this webinar as we unveil the incredible world of Right At Home Franchise, where compassion meets entrepreneurship. Here's what you'll learn during this exciting event: Explore the booming and lucrative senior care industry: Tap into a thriving market that offers immense potential for growth and success.See how the proven Right At Home franchise model sets you up for success: Discover how our comprehensive support and innovative systems empower you to thrive as a business owner.Transform lives: Learn how you can provide essential care and support to individuals in need, making a meaningful impact in your community.Build a rewarding business: Hear success stories from our franchise owners who have achieved financial prosperity while finding fulfillment in their work. Find your path to success: Understand the step-by-step process of becoming a part of the Right At Home Franchise family and creating a legacy of care. Don't miss this opportunity to explore a business that combines profitability with purpose! Listen to this replay now to learn how you can have a rewarding future with Right At Home Franchise. Be the change, make an impact, and learn how you can own a business of caring with Right At Home Franchise! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
38:02 7/20/23
IKIGAI: The Magic Word That Will Give You A Happy, Healthy, Sustainable and Prosperous Life
IKIGAI - no it’s not a new buzzword. But it is a word you’ll want to understand if you want a happy, healthy, sustainable and prosperous life.On this episode of “What’s Your Next?” Stacey interviews Emille Bryant to unlock the secrets of living a fulfilled and purposeful life. You’ll learn:How to align your inner desires with the outer worldWake up every day excited because you’re living a life full of passion and purposeThe secrets of living a fulfilled and purposeful lifeA roadmap for how you can implement IKIGAI Emille’s journey is inspiring and you’ll leave with a roadmap for how you can implement IKIGAI into your personal and professional life.Contact Emille BryantWebsite: https://Go-Ikigai.comEmail: emille@G0-Ikigai.comLinkedIn: EmilleBryant📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
47:01 7/14/23
What Happens When a Public Figure is Involved With Your Franchise - Franchise Disclosure Document Item 18 Disclosed
https://www.NextLevelFranchiseGroup.comWe are continuing on with the Franchise Disclosure Document (FDD), and for those who've been following along with us, we've covered Items 1 to 17 previously (check them out). Now we're going to be going through Item 18 of the FDD, which really has to do with disclosure of the involvement of any public figures in that franchise. And it's a little bit of a tricky item in that there's really not a lot that you can do about this particular item. Meaning that if you have some type of philosophical issues with these individuals (public figures) that are involved in this particular franchise that are disclosed, they're probably not going to leave just because you don't become a franchisee. So, it is important that you do understand they are involved and that you do not have any type of philosophical issues with them being involved before you acquire that franchise. We're going to cover some of the key points of Item 18. The Definition of a Public FigureA public figure is kind of what it sounds like. It's going to be somebody who has some well-known stature. It may be a professional athlete, an actor, or a musician, think like a celebrity. So for example, when you've probably seen some of these celebrities on TV for the Subway commercials, or in the case of one of the franchises we work with called Clean Juice, they actually have Tim Tebow as their spokesperson. That would be considered a public figure. But here's a little caveat about it …watch/listen to full episode/podcastWhat's Covered in the Episode? The Definition of a Public FigureFinancial Obligations to the Public Figure from the FranchisePublic Figures Involvement in ManagementFranchisors' Control of Public Figures Information📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
08:08 7/10/23
SprayNet - Own A Franchise That Is Transforming The Home Services Industry
 Discover the Future of Home Improvement! SprayNet - Own A Franchise That Is Transforming The Home Services Industry Are you ready to own a business that is revolutionizing the way homes are transformed?  Watch the replay to learn about SprayNet - a unique franchise that's making waves in the home improvement industry.  Get ready for inspiration, innovation, and opportunity as we showcase SprayNet, the game-changer in the home improvement market! Here's a sneak peek at what you can expect:  Learn the secrets of SprayNet's unique franchise model.  Discover how to tap into an untapped market and stand out from the competition.  Gain insights into the booming home improvement industry and its incredible growth potential.  Hear success stories from current SprayNet franchisees and their incredible journeys.  Find out what areas are prime for this attractive investment opportunity where owners average a more than impressive EBIDTA. This event is perfect for aspiring business owners, professionals seeking new opportunities, and anyone passionate about transforming the home improvement landscape. Don't miss your chance to be part of this revolutionary movement! Unleash your entrepreneurial spirit and become a part of SprayNet's success story! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
39:11 6/30/23
How Do You Exit a Franchise - Franchise Disclosure Document Item 17
https://www.NextLevelFranchiseGroup.comToday we're marching forward again into Item 17 of the Franchise Disclosure Document (FDD), which is an interesting item. Item 17 has to do with the end of your franchise agreement, meaning that when you acquire a franchise, one thing you highly want to consider when acquiring it is having some type of exit strategy before you even get started. What Item 17 really covers is what are the options when you reach the end of your franchise agreement's life. For instance, one of those is renewal. In our current franchise that we own, we have a 10-year agreement period, and one of the options is to simply just renew that for another 10 years. We've actually done that once already. There are basically four different areas of item 17 that need to be highlighted. Renewal is, as the word implies, you're going to renew your franchise agreement.Most franchise agreements have a 10-year term, but your Franchise Disclosure Document will tell you what that period is. This section will tell you how you can renew and if there are any fees. For example, some franchises may require you to notify them that you intend to renew or not renew and may say you need to do that within 30, 60, or 90 days before the renewal date. It will also delineate if there are any fees that will be paid in regard to renewing. In our franchise, we renewed our franchise agreement. You'll be very glad to know that you're not going to have … watch/listen to full episode/podcast📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
11:45 6/29/23
Franchise Fusion: How A Serial Entrepreneur Meshed Passion and Profit To Start A Franchise From Scratch
https://www.NextLevelFranchiseGroup.com👍 Maybe you have a great product or service and you’re wondering how to grow and scale the business. Could franchising be a good option? What’s involved? What are the advantages? What are the roadblocks?💰 All of these questions and more are answered in this episode of What’s Your Next.You’ll hear from Denise Lawrence a #femalegogetter who after 36 years in the non-profit world decided to start and launch a national franchise.📈 She shares what was involved in doing this, lessons learned, and what her next is.🏆 Get your notepad ready because this episode is full of inspiration and actionable tips.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/
33:07 6/19/23