Liz Leonard's Linkedin Analytics

If you've ever wondered "Should I start my own business or a franchise?" or "Do I have to be a millionaire to own a franchise?" or even "Are there franchises besides fast food?" you’re in the right place. I know choosing from hundreds of franchises can be daunting (been there!). May I recommend 6 critical steps (distilled down from helping dozens of entrepreneurs and 20+ years in business) to make the process easier and more likely to end in success? 1. Education and Resources. It’s critical to understand the franchise industry, including regulations, costs, relationships, and opportunities. A good franchise advisor saves you time and hassle with resources to get you up to speed quickly. 2. Assessments and Tools. Matching with the right franchise is critical to success, so you must consider your background, skill sets, interests, and financial capabilities. A good advisor will provide assessments and listen closely to help determine which type of business would suit you best. 3. Guidance and Expertise. With a solid foundation in place, it’s time to consider all the options! A franchise advisor will narrow down the choices based on your assessments, investment level, and market, only introducing you to proven franchise opportunities that are a good match—significantly reducing the overwhelm! 4. Due Diligence and Awareness. If this is your first time through the process it can be hard to know what to look for during your due diligence, making a franchise advisor invaluable. You’ll get to know a franchisor’s executives and franchisees so you can ask important questions. 5. Facts and Validation. This is the stage where you’ll have the opportunity to speak directly with franchise owners, get a good look inside their business model, and ultimately meet face-to-face with the franchisor’s leadership team. A good franchise advisor will help you make the most of these opportunities with insight into the questions to ask and what to look for. 6. Funding Strategies. This critical piece pulls it all together, and a franchise advisor will walk you through available funding options. You can get prequalified with lending partners, and your advisor will help you determine the ideal funding strategies to maximize your investment. I work 1-on-1 with people who are serious about exploring business ownership. My process is direct, considerate, effective, and even fun! The best part is I do not charge a fee for my services—so you can get the help you need without spending a dime! Schedule a free consultation: https://calendly.com/liz-leonard/franchise-intro