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Franchise Rising is uniquely dedicated to empowering women along the journey to franchise ownership and investment. We offer honest perspectives from the women rocking it in franchising, those who exited, data, expert insights, and simple tips to help someone in this position make a sound decision.
Episodes
Wednesday Jan 23, 2019
Wednesday Jan 23, 2019
One of our favorite Franchise Risers is back on the show! Angela Coté returns tto bust a common franchising myth - that franchises are turnkey businesses.
Listen to get truth and to discover why franchises aren’t a “set it and forget it” type of business.
What We Cover
* Welcoming Angela Coté and discussing her new role
* Why franchising is NOT turnkey
* Myth #1: You open your franchise and customers just come
* The importance of hard work and grit
* The role of marketing when opening a new franchise
* Myth #2: You won’t spend more than the franchise fee
* Ample working capital is essential
* Myth #3: Once the franchise gets going, it becomes turnkey
* Why you’ve got to stay involved as an owner
* The other side: What franchisors need to know
Resources We Mention
Get Inspired by Angela
* “You can go along and do the trial and error thing and make expensive mistakes, or you can hire an advisor - somebody that's been in your shoes that can guide you to make the decisions to help move you forward instead.”
* “I get that comparing when it to starting a business from scratch it seems turnkey, but there's just so much more to it.”
* “I'm trying to bust the myth about franchising being turnkey because I think it comes down to having like very realistic expectations from the start about what it takes to be successful.”
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