Unpredicted Entrepreneur

There will always be risk involved when starting a business. Al gives us some clear advice on how to do proper research to mitigate some of the risk. Ultimately, when you’re making an investment, it’s wise to never invest more than you’re willing to lose. If something does go sideways, can you recover? If the answer is no, then maybe the amount you are ready to invest should be reconsidered. We co...

We love the support franchisors provide for our clients. We realize that all franchises are not created equal. This is why it’s so important to perform proper due diligence when selecting which franchise brand you’d like to partner with. The amount of support provided by franchisors like Building Kidz is like having a built-in business coach. How great is it to have someone holding you accountable...

“Digital technology is growing at lightning speed. It's very hard to keep up. Even for someone like me that does this for a living, it's a lot. Without the resources of the franchisor, I would be constantly looking for help. How would I stay on top of everything that's going on with Google, Facebook, AI and ChatGPT? As a technology person, I know how to go get this information but I wanted to be o...

Franchising is not for everyone. If you are super creative and entrepreneurial, you may want to carve your own path and create your own wheel. We cover many current and relevant topics. A few include: ◈The ‘why’ of business ownership ◈How to properly own multiple brands ◈What franchises are looking for in potential franchise owners

Franchising is not for everyone. If you are super creative and entrepreneurial, you may want to carve your own path and create your own wheel. We cover many current and relevant topics. A few include: ◈The ‘why’ of business ownership ◈How to properly own multiple brands ◈What franchises are looking for in potential franchise owners

Businesses take a while to ramp up. Starting a business from scratch or buying a franchise is not a get-rich-quick effort. It takes time and persistence. There will be times when you find yourself extremely frustrated because things aren’t going as planned. Everyone has days like that. We believe starting a business should be a five-year plan at a minimum. The more money your business is making, t...

There are over 700,000 operating franchise locations in the United States. Many franchise agreements have been signed and then signed again when a franchisee decides to renew their agreement for another term. Franchise agreements can be daunting, but there is a way to get clarity and understand exactly what you’re signing up for. We always recommend having a Franchise Attorney review your agreemen...

There is never a perfect time to start a business. There will always be reasons not to do it. For those that are serious about owning their own business, it will be uncomfortable, you will feel fear, and people will think you are crazy! We cover many current and relevant topics. A few include: ◈How a founder of a business prepares for and works through the process of becoming a franchisor ◈The gro...

We are the first to admit that franchising is not for everyone. There are pros and cons to every type of business ownership and everyone needs to figure out which route they feel is best for their personal situation. In this episode, we get to hear from seasoned independent business owners about why they chose to invest in a franchise for their second business. We cover many current and relevant t...

"I remember my family and close friends being concerned about me leaving a well-structured, well-paying job. I was 30 years old. I wanted the challenge of being my own boss to increase my freedom, increase my wealth, and to be able to grow something that I can either sell or pass on to my family."

The resale industry is a great opportunity for those interested in a sustainable business. There is actually a day committed to consignment awareness. National Consignment Day is the first Monday of every October and is designed to promote consignment in the apparel industry as a way to reduce waste. More than 80 billion pieces of apparel are manufactured each year and 75% of those wind up in land...

“Just do it. Jump in. Don't spend too much time analyzing different concepts; jump in and do it. I know a lot of people that say ‘Oh, you're actually doing a franchise? I almost did that, or I looked at that, but I'm still at my corporate job’ It's definitely nerve-wracking. It's still nerve-wracking almost a year in. But do it. And, worst case scenario, you’ll learn a ton.” Watch the episode to h...

"There are so many opportunities in franchising. It's always fun to see what's up and coming, and partner with these companies to help our clients accomplish their goals.” We cover many current and relevant topics. A few include: ◈Franchisors post-pandemic ◈New trends in franchising ◈Interesting new franchise concepts Watch the full episode to get more great tips on how to get moving with franchis...

“Just do it. Jump in. Don't spend too much time analyzing different concepts; jump in and do it. I know a lot of people that say ‘Oh, you're actually doing a franchise? I almost did that, or I looked at that, but I'm still at my corporate job’ It's definitely nerve-wracking. It's still nerve-wracking almost a year in. But do it. And, worst case scenario, you’ll learn a ton.” Watch the full episode...

Every bank will have different criteria for what they are looking to lend on. They also have different appetites for different loan amounts. The bank that funds a McDonald’s is most likely not going to be the same bank that funds a painting franchise. This can be frustrating for the person looking for the loan. Watch the full episode to get more great tips on how to work with lenders.

Scores of franchises have been in business for many years and have multiple locations before they ever decide to franchise. We bring this to your attention because a fair amount of the brands we represent are what we call “emerging” franchise brands. They may just be getting their start in franchising, but they have a proven business model with a proven track record. For those that have a larger a...

There are many emotions involved when looking into starting a business. Fear and excitement go hand in hand. Sometimes, it’s hard for people to manage their fear in this process. They let the fear supersede the excitement which ultimately steals their dream. Chris is a performance coach who helps people break through beliefs that are holding them back. He shares tools in this episode about how to...

COVID changed the way a lot of businesses function and changed a lot of people’s minds about how they want their life/work balance to look. Matt and Brittany’s story is just one example. Wanting control of your time to create wealth is a big driver for many of our clients, as well as wanting the ability to leave a legacy for their children. Matt and Brittany were kind enough to share their story....

We frequently help prospective franchisees understand that a good franchisor is going to be very vested in the success of the franchisees they bring on. For the franchisor, it’s not about collecting the franchise fee and sending you on your merry way. A solid franchise organization is going to work with you to help you meet your goals. Their success is built on your success. The ideal outcome is t...

We are all focused on the rate increases, but it’s easy to forget where we were pre-pandemic. We’ve experienced such low rates over the last couple of years that any increase seems fairly dramatic. The reality is we are still substantially lower than we were just three years ago. We cover many current and relevant topics. A few include: ◈The latest on SBA loans and the types of businesses that qua...

The great thing about finding the “right fit” with a franchise is you get to design your life the way you want it. It’s important to understand what your role as the owner of the new business looks like. We work to help you understand what it is you truly desire, then to help you find it. It’s not just about income or just about lifestyle. It’s about both.

It seems logical to try and do some things on your own to save some money when you’re getting started in business. The issue with this is that there are so many legal documents available on the internet that may not be applicable to your company or the size of your business. If something does go wrong and there is a lawsuit against you as an employer, it can be exorbitantly more costly on the back...

We feel people go at this process backwards; they get online and they start looking for businesses they think they're attracted to for whatever reason. These businesses may or may not be a good fit for them for a plethora of reasons. There are approximately 4,000 franchises out there, which can be daunting. If you are using this process, you can end up feeling lost and frustrated.

One of the things that will make a business sell successfully is having a business that will run without you. In this case, Bobby was not involved in the day-to-day because he had built a great team of general managers. That was actually the response the buyer was looking for. It impacted him being able to get a higher multiple on his sale. If you are super hands-on, there is a huge void left and...

The biggest changes we see are how much the franchisors are doing at the corporate level to support the franchisees. In this scenario, all of the brands and franchisees within those brands are part of the same family. This format creates a lot of franchise experience at the senior level. We are seeing a lot of combined effort and technology implemented to take things off of the plate of the franch...