What's Your Next?

When you're exploring business ownership , you're probably not thinking about health insurance . But you should be. You should also have a mission of HOPE: Helping Other People Everyday . Watch this episode of "What's Your Next" featuring Mark Brodinsky, The Inspirational Health Guy, and learn about:  How can you do all of that?  What should you know about health insurance...

 “I hate doing bookkeeping .” “I don’t understand any of my numbers . “Taxes? Ugh I have no idea how to plan and leverage my business for tax advantages. Sounds familiar? Then you’re going to want to listen to this entire episode of “What’s Your Next?” feature Anne Gannon of The Largo Group. Anne’s story is so inspirational as she shares her journey of becoming a pro-golfer and then deciding her p...

https://www. NextLevelFranchiseGroup.com We're going to be covering the basics of I tem/Section 9 of the Franchise Disclosure Document (FDD) . If you've been following along, we've been covering the previous items in the Franchise Disclosure Document and in Item/Section 9, it's an actually interesting item of the Franchise Disclosure Document in and of itself that it doesn&apos...

https://www. NextLevelFranchiseGroup.com Here were continuing with dissecting the items in the Franchise Disclosure Document (FDD) and we are reviewing the basics of Section/Item 8 .  We want to start with one clarification. One of our listeners actually made us aware of a correction that we probably should make, we've been referring in the FDD to the different parts of it as sections. The re...

https://www. NextLevelFranchiseGroup.com We’re covering another section in the Franchise Disclosure Document (FDD) , and this one is a biggie … this is section/item number seven . This section/item is really where a lot of people spend a lot of time evaluating what their total investment is going to look like in acquiring and running this franchise on an ongoing basis. Previously we've kind o...

https://www. NextLevelFranchiseGroup.com We've been covering the 23 sections/items that make up this legal document, the Franchise Disclosure Document (FDD) , that you will review before you acquire a franchise. Specifically, we will be talking about section/item six, which is along the lines of expenses . It's really other fees and expenses in the operations of your franchise that you&a...

https://www. NextLevelFranchiseGroup.com We're going to be covering section/item five of the Franchise Disclosure Document (FDD), which is the initial franchise fee. These are the fees involved in acquiring the franchise, typically the franchise fees, advertising fees, and your royalties here. So essentially it's what are you going to put out of your pocket to the franchisor before you e...

https://www. NextLevelFranchiseGroup.com We are still dissecting the Franchise Disclosure Document (FDD). These 23 sections/items of legal information are critical to making a decision about whether or not to acquire a franchise. We've been through the first three sections/items in previous posts so check them out. If you want to learn more about what the FDD is, and why it was created, go ba...

https://www. NextLevelFranchiseGroup.com We're continuing on from previous posts plowing through the Franchise Disclosure Document , also known as the FDD . As we mentioned previously there are 23 sections in this FDD. We are going to be reviewing one of the sections, Section 3/Item 3, which is truly what I consider to be very important, which is knowing the good standing of the franchisor th...

https://www. NextLevelFranchiseGroup.com From our previous posts/episodes we've been reviewing the Franchise Disclosure Document , also known as the FDD. In our last post/episode, we covered section one, which had to do with the organizational structure of the franchisor itself. Today we're gonna be going and diving into Section/Item Two, which is about the leadership of the organization...

The Franchise Disclosure Document (FDD) Item 1 Explained https://www. NextLevelFranchiseGroup.com From our last episode, we learned what is a Franchise Disclosure Document (FDD), and we learned the meaning of the Franchise Disclosure Document. What we're going to do in this episode is we're actually going to look at one of the sections/items, section/item number one and we're going...

https://NextLevelFranchiseGroup.com We're doing these questions during due diligence in categories to keep things organized. Putting your questions in categories is something that you should make sure that you do in your due diligence as it is really easy to get lost in the phase of asking franchisees questions . If you don't have a very organized structure to these due diligence questio...

https://www. NextLevelFranchiseGroup.com The temporary staffing industry is BOOMING ! It's on track to generate a projected $185 billion in North America this year. Imagine yourself in a business that's ranked in the top 25 of Entrepreneur's Franchise 500 list! New offices average over $6.1 million in just their first two years, and mature offices averaging $6.7 million annually. (s...

https://NextLevelFranchiseGroup.com We're going to cover the exciting topic of the Franchise Disclosure Document . What is a Franchise Disclosure Document ? It's often referred to as the F D D , has a whole mess of Items (Sections) and is often a massive document. Before we dig in I'm going to start off with a disclaimer. We are not attorneys, and we highly recommend that you get an...

https://NextLevelFranchiseGroup.com Today what we have on tap for you is just where does the franchise industry currently stand today as far as its breadth and depth. And I think what's really interesting about all of these statistics we're going to go through is the amount that they've grown in just a short period of time. Now I do want to disclaim a couple of things here. Number o...

https://NextLevelFranchiseGroup.com We're continuing on with the questions to ask franchisees during due diligence , and I'm going to ask Stacey three questions. She's going to answer as if she were a franchisee talking to another franchisee, looking at the current franchise that we run today. And she's also going to give you some perspective on why she feels. This is such an i...

https://NextLevelFranchiseGroup.com When you invest in a franchise , you'll likely get a lot of support and hand-holding the first year. Call it the honeymoon period. But then . . . . Years 2 and beyond, you start to feel a bit more alone. Things get more complicated. Maybe it's more locations. Maybe it's more staff. Maybe it's cash flow. Let's call it growing pains . How...

https://NextLevelFranchiseGroup.com We are continuing on the questions to ask franchisees during the due diligence phase. Now, these are not all the questions that you can ask, these are just some really important questions we believe that you should not skip. Today we're covering performance questions and we'll probably talk about Item 19 here. What do you think would cause a franchisee...

https://www. NextLevelFranchiseGroup.com We're back again, to continue discussing questions to ask franchisees during your due diligence phase, we've been asking a lot of questions in a lot of different categories. Prior to this check out our previous episodes/posts on this topic. Today, we're gonna be covering some questions to ask regarding relationships. So question number one on...

https://www. NextLevelFranchiseGroup.com You love your spouse/partner so much you say "I do" to marriage. You love your spouse/partner so much you say " We should own a business together. " Is it possible to mix love and business? How can you do it successfully? What roadblocks might you come across? If you've been following us for a while, you know that we are a husband-w...

https://www. NextLevelFranchiseGroup.com We're continuing with the questions you should be asking franchisees during your due diligence phase of evaluating franchises . We've been through some pretty good questions before and a bunch of different categories. If you want to know what those are, you'll have to go back to previous episodes. But today we're covering one of my favor...

https://www. NextLevelFranchiseGroup.com We are continuing on with questions to ask franchisees in our previous few episodes, we've covered many categories of questions you should be asking when doing due diligence during your franchise questioning phase. When you're talking to the franchisees of that franchise to do your due diligence … today our category is leadership validation. So we...

https://www. NextLevelFranchiseGroup.com We're continuing questions to ask franchisees. Previously, we've covered some other topics in the previous few episodes, history and competency, competitiveness expectations. Today, we're going to be discussing questions regarding goal achievement . As we've done in the other episodes, I'm going to ask Stacey the question. She is go...

https://www. NextLevelFranchiseGroup.com We are continuing on from our last episode where we're talking about the questions that you should be asking during the due diligence phase of talking to other franchisees while evaluating that franchise. In our last episode, we talked about history and competency. We're going to go through competitiveness questions today. Competitiveness is a rea...

https://www. NextLevelFranchiseGroup.com We're back again, to talk about the questions you should be asking franchisees . We went through other categories before today's episode. We're going to be covering expectations, and there are a couple of questions in this category that we think is very critical.  What we did in our previous episodes: I'm going to ask Stacey to elaborate...