Complete Franchise Buying Process: How to Go from Assessment to Ownership

Complete Franchise Buying Process: How to Go from Assessment to Ownership

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Welcome to our comprehensive guide on the franchise buying process! In this video, "Franchising Explained: From Assessment to Award Day - A Step-by-Step Guide," we take you through every crucial step involved in becoming a franchise owner. Whether you're new to the franchising world or looking to deepen your understanding, this show is packed with valuable insights designed to help you navigate the franchising landscape with confidence.

We start with the business assessment, helping you identify the right franchise opportunities that align with your goals and interests. You'll learn about the importance of reviewing franchise models and what to do if none of the options seem suitable. We cover the vital weekly check-ins, discovery calls, due diligence, and understanding the Franchise Disclosure Document (FDD).

Additionally, we discuss the significance of territory checks, validation calls, and executive interviews to ensure a perfect fit for your success. We'll guide you through the preparation for Discovery Day and Award Day, detailing the final steps to secure your franchise.

Finally, we delve into financing and funding your franchise, highlighting the importance of accurate projections in your planning process. Join us on this journey to franchise ownership and equip yourself with the knowledge and tools to make informed decisions. Don't forget to book a call, join our group, and subscribe to our newsletter for more valuable resources.

📌 Timestamps:
00:06 Introduction and Business Assessment
00:39 How Business Assessment Helps in Finding the Right Franchise
02:26 Process of Reviewing Franchise Models
03:31 High-Level Overview of Franchise Models
04:31 What If You Don't Like Any Franchise Options?
05:34 Weekly Check-ins and Support Resources
07:07 Franchise Discovery Calls and Due Diligence
09:04 Importance of Fit for Franchise Success
10:09 Understanding the Franchise Disclosure Document (FDD)
12:18 Importance of Territory Checks
14:02 Validation Calls and Projections
16:01 Executive Calls and Building Rapport
18:11 Preparing for Discovery Day and Award Day
22:37 Financing and Funding Your Franchise
25:27 Importance of Projections in Franchise Planning

💥 Thanks for watching 💥
#Franchising #BusinessAssessment #FranchiseSelection #ValidationCalls #FranchiseSuccess #DiscoveryDay #SBAFinancing #FranchiseConsulting #FranchiseTips #businessopportunity

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

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