• Is this why your business is failing? Franchise guru Bob Bernotas breaks down the golden rules to quit your w2

  • Apr 30 2024
  • Length: 32 mins
  • Podcast

Is this why your business is failing? Franchise guru Bob Bernotas breaks down the golden rules to quit your w2 By cover art

Is this why your business is failing? Franchise guru Bob Bernotas breaks down the golden rules to quit your w2

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  • Summary

  • Bob Bernotas, a franchise consultant, shares his journey into the franchising world and provides insights into what makes a good franchise concept. He emphasizes the importance of finding a franchise with a strong support system and a proven business model. Bob also discusses the trends in franchising, such as the rise of semi-passive franchises, and the financial requirements for getting started. He advises individuals interested in franchising to seek the guidance of a knowledgeable mentor or consultant rather than relying solely on online resources. Keywordsfranchising, franchise concept, support system, semi-passive franchises, financial requirements, mentor, consultant Takeaways
    • Franchising requires a special kind of person who is willing to build a business around an established concept.
    • A good franchise concept has a strong support system and a proven business model.
    • Semi-passive franchises are becoming more prevalent, allowing individuals to gradually transition out of corporate America.
    • It is important to work with a knowledgeable mentor or consultant when exploring franchise opportunities.
    • Financial requirements for franchising can vary, but having at least $50,000 in liquid capital is a common starting point.
    Titles
    • What Makes a Good Franchise Concept?
    • The Journey into Franchising: A Special Kind of Person
    Sound Bites
    • "The W2 wasn't for you"
    • "The most important component in a franchise organization is the system behind the widget"
    • "The best financial opportunities in franchising"

    Links:

    • https://franchisewithbob.com/
    • https://www.youtube.com/@investoriespodcast7744
    • https://www.instagram.com/investoriespod/
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