Becoming a Franchise

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In September of 2016 Josh wrote a blog post titled, “The Four Biggest Mistakes New Franchisors Make and How to Avoid Them.” In today’s episode, Josh goes in-depth about the number one mistake he sees people make as they try to franchise their businesses, which is simply not understanding what it means to turn a business into a franchise. Make sure that you are prepared to capitalize on the franchise model by listening and applying Josh’s advice to your own business.

Key Takeaways:

[3:03] You must have a clear understanding of the franchise business model before you can capitalize on it.

[4:16] You must understand the legal structure of a franchise.

[6:15] You must understand the corporate structure of your business.

[7:09] You must understand intellectual property considerations.

[8:20] You must understand the internal infrastructure of your business.

[10:26] You must understand how your own role will change as you become a franchisor.

[12:06] Thanks for joining us on the Franchise Euphoria podcast. If you enjoyed this episode, please leave us a review on iTunes.

Mentioned in This Episode:

josh@franchiseeuphoria.com

“The Four Biggest Mistakes New Franchisors Make and How to Avoid Them,” by Josh Brown

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About the author, Josh

Josh Brown is a franchise and entrepreneurial attorney that helps buyers, owners, and expansion-minded businesses find success through franchising. When not working on his two businesses, you can find him on the golf course or spending time with his wife and three beautiful daughters.

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