FAQs
Frequently Asked Questions
Certified by the prestigious International Franchise Professionals Group (IFPG). Accredited annually through the completion of hundreds of hours of further study and professional development.
Access on your behalf to the largest, most dynamic portfolio of franchise brands. Exclusive franchisor relationships that are can be accessed on your behalf. Access to inside information from my mastermind groups vast array of experiences.
Your Franchise Fit Consultant will be your partner in the franchise ownership journey. They will help you define your business profile, conduct a science-based franchise business compatibility assessment, research and recommend the franchise that is the best fit for you, provide guidance on settling on your one dream business, and assist you with getting a territory awarded and your deal signed. They will also connect you with legal, accounting, and financing resources, including pre-qualifying.
Here is a more detailed explanation of each of these services:
- Business ownership coaching: Your Franchise Fit Consultant will provide you with the guidance and support you need to become a successful franchise owner. They will help you define your goals, develop a business plan, and navigate the challenges of owning a franchise.
- Defined business profile: Your Franchise Fit Consultant will help you define your business profile based on your financial, lifestyle, and personal goals. This will help them narrow down the field of franchises that are a good fit for you.
- Science-based franchise business compatibility assessment: Your Franchise Fit Consultant will conduct a science-based franchise Business Compatibility Assessment to further define your profile. This assessment will take into account your personality, skills, and interests to identify the franchises that are the best fit for you.
- Guidance on settling on your one dream business: Your Franchise Fit Consultant will provide you with guidance on settling on your one dream business. They will help you evaluate your options and make the best decision for you.
- Assisting you on getting a territory awarded and your deal signed: Your Franchise Fit Consultant will assist you with getting a territory awarded and your deal signed. They will help you negotiate the terms of your franchise agreement and make sure that you are getting the best possible deal.
- Connecting you with legal, accounting, and financing resources: Your Franchise Fit Consultant will connect you with legal, accounting, and financing resources. They will help you understand the legal and financial aspects of owning a franchise and secure the financing you need to get started.
- Is franchising right for me? If not, we WILL tell you!
- What types of franchises are best for me? From experience, we will know.
- How will a possible recession factor into my evaluation?
- How do I narrow down my top choice? We have a process that works!
- How much will I invest, and how will I fund it?
- How soon can I open and what support & training will I get?
- Who will run my business if I invest passively?
Don’t worry, we will get you the answers to all your questions before you have to move forward with anything. We want you to be satisfied and happy with your decision, and we wanted to be an informed one.
Your Franchise Fit Consultant works with a wide range of clients, including:
- Investors and entrepreneurs: These clients are looking for income and equity streams that do not require full-time work in the business. They may be interested in investing in a franchise as a way to diversify their portfolio or as a way to start their own business without having to start from scratch.
- Corporate refugees: These clients are looking to be their own boss after being downsized or laid off from their corporate job. They may be looking for a more flexible work-life balance or a chance to pursue their own entrepreneurial dreams.
- Military veterans: These clients have a wealth of leadership and operational skills that are well-suited for franchising. They may be eligible for reduced franchise fees as a thank-you for their service.
- Entrepreneurial millennials: These clients are looking to get ahead and build equity and wealth early in their careers. They may be attracted to the flexibility and scalability of franchising.
- Families: These clients are looking to launch a multi-generational legacy business. They may be drawn to the stability and support offered by a franchise system.
- Foreign entrepreneurs with an E-2 visa: These clients are looking to start a business in the United States. Franchising can be a great way to do this, as it allows them to take advantage of the E-2 visa program.
Your Franchise Fit Consultant will work with you to assess your goals, skills, and interests to find the franchise that is the best fit for you. They will also provide you with the guidance and support you need to succeed as a franchise owner.
We want to match you with a business that meets your specific criteria. But we can’t do that unless we know what those criteria are. We learn these criteria by asking you questions designed to help us narrow our search and provide you the best matches. Here are a few examples of what we might ask:
- Why do you want to own your own business?
- Have you owned your own business before now?
- How many hours and what time of day do you like to work?
- Is there a certain location you desire?
- How does managing people make you feel?
- How do you feel about marketing, or sales?
- What kind of capital do you have available to start your business?
- Are there partners involved?
- Do you want to have more than one business or location?
- When do you want to open your door for business?
- Will you be available full-time or part-time?
- Do you want a home based business or brick and mortar location?
Once we answer these questions along with several others, we create a personal profile for you and use it to research franchise options. The consultation process makes it easier to match you with a few opportunities that meet your specific criteria. With just a few opportunities to evaluate, you save a lot of time and effort.
There are well over 4,000 franchise opportunities available to you. Sifting through them all can take months for a person without our knowledge of the industry. Many people get frustrated and give up. Using our service can help you avoid this situation and put you on the path to owning your own business that has everything you really want.
It’s not easy to be a part of our inventory. Each company has been thoroughly reviewed from every angle. We have high standards for every aspect of the business. By doing our homework, we are confident that we can offer you the very best opportunities that are just right for you.
Owning your own business puts you in control of your own future. But it’s also difficult to do by your self. When you buy a franchise, the franchisor offers support, experience, and knowledge in all aspects of the business. They have been there so they know what challenges will arise and the best way to overcome them.
Franchisors provide you with all the tools to be successful. They will train you prior to your opening. They give you advertising and marketing support that builds your business. Most importantly, they reduce your risk because the system has already been proven to work. Their training and support ensure that you will be able to handle whatever comes up along the way.
Funding your purchase of a franchise is nearly always a major consideration for business owners. Too often, businesses simply don’t have enough capital to help them start-up a new business. We feel it is critical to discuss financing issues early so any problems can be addressed during investigation and research steps of the process.
We have extensive information on our site on funding your franchise. Often you can get started with $50,000 and a 680 credit score.
One excellent resource for financing options is the franchisor. They have solved this problem in the past for themselves and for other franchisees. They will have a good idea of what works for their type of business and will likely have options that make the most sense.
It all varies on your comfort level and time available. If you are a motivated individual, you can complete the franchise research and consultation process in a few days fairly simply. Most clients can find a great opportunity in anywhere from 1 to 3 months. Once you have purchased your franchise opportunity, it can range from as little as 2 weeks to up to 6 months to get the business going for you. Make sure you tell your consultant what your time frame requirements are. Remember when you are dealing with real estate, building, decorating a more all this will add time to opening. Many people find that process exciting and the end product rewarding.
You’re missing the point, we help you define your vision for the future, confirm your strengths and weaknesses and match you to the franchise business models where you’re most likely to achieve the success you desire.
It would be a very ineffective and inefficient method of finding the ideal franchise for you if you went through the process without a mentor and coach. You wouldn’t know whether you qualify for a specific concept, whether it’s available in your desired market area, whether it met your personal, financial, and professional goals, and a host of other issues that would only add to the chaos of selecting a franchise.
That is why franchisors like working with us. We are like a matchmaker and looking to find the perfect fit. Saving you and the franchisor time effort.
The International Franchise Association indicates that there are over 4000 franchise companies and they are spread over 75 industries. The question should not be what is hot, but what is right for me.
Hot concepts come and go, some are very good. Our experience helps guide you to the best opportunity. For example, when describing your lifestyle goals, you may have indicated that you want to buy a business allowing more time with your family. In the past, you missed coaching your son’s baseball team, or you weren’t available for your daughter’s violin recital. The “hot” franchise may be very demanding on your time and should not be a consideration.
Perhaps the “hot” new franchise is a new concept that has not proven itself. If you are not a risk taker, then you would be better off looking at a well-established franchise with a proven success record, but may not be considered “hot”.
There is a lot to consider and that’s why we are here to Consult, you.
We use our franchise experience to give you all the relevant information you need while you are buying your franchise business. We know which franchises are the least risky, most reliable, and that will return the most profit for you in the business. If you are not familiar with this industry, this kind of knowledge could take several months to gather. Because we offer complimentary consultation, we feel that we are here to save you money, your time and give you peace of mind during a very important decision about your business future.
I’m compensated a commission by the franchise brands I represent. This is similar to how executive recruiters & realtors are paid when they negotiate win-win agreements. Franchisors budget for my service separately; no costs – not a single penny – are passed to you. This means you NEVER pay more for a franchise if working with me, but you get our team of consultants looking after you. This is enforced by the FTC.