I may be biased but I think this is an amazing panel!
Tune into IFA's webinar on how to target and market to multi-unit franchise operators. Get insights into what big franchise companies are doing to successfully recruit these multi-unit owners into their systems.
One of the most challenging parts of being a master franchise holder is believing in the franchise system, even when results are slow. Mr. Green's 30+ years in business demonstrate that persistence pays off. For instance, a small $15 ad led to $30,000 in franchise sales. Master franchisors need stamina and grit to succeed. 🌟🌿 #FranchiseSuccess#Resilience
Find out more at https://lnkd.in/gD2T_apd
♛ Author of two transformative franchise books | Trusted Franchise Ownership Advisor for 23 years who teaches aspiring franchise owners exactly how to research and buy a franchise | Franchise Brand Amplifier/Writer
What Is A Franchise Discovery Day?
Are You Ready to Dive Deep into the World of Franchising?
Franchise Discovery Day is not just an event; it's a pivotal moment for potential franchisees and franchisors alike. It's where expectations meet reality, and serious decisions are made. But what exactly happens during this crucial day?
The Purpose Behind the Day
Franchise Discovery Day serves a dual purpose. For franchisors, it's an opportunity to showcase the strength of their brand, the efficiency of their operations, and the support they provide. They get to meet potential franchisees face-to-face, gauge their commitment, and assess if they are the right fit for the franchise network.
For potential franchisees, it's about peeling back the layers of glossy brochures and polished websites to see the real workings of the franchise. It's a day to ask hard-hitting questions, interact with key personnel, and get a genuine feel of the franchise's operational and cultural environment.
What to Expect?
When you walk into the headquarters, it's not just about the aesthetics; it's about sensing the pulse of the place. Are the staff engaged and knowledgeable? Does the technology stack up to modern standards? How transparent are the discussions about profitability and ongoing support?
Why It's More Than Just a Visit
Attending a Franchise Discovery Day means you're seriously considering investing. It's not a casual visit; it's a deep dive into understanding if this is the right business opportunity for you. This is why it's crucial to come prepared—armed with insights and questions from current franchisees to ensure every moment counts.
Before You Go
Remember, a Franchise Discovery Day is by invitation, reflecting a franchisor's belief in your potential as a franchisee. It's also a significant indicator of your readiness to take the next step in your entrepreneurial journey.
Ready to Discover More?
If you're on the brink of making a franchise decision or simply want to understand more about what goes into these critical evaluation days, reach out. Let's discuss how you can maximize your Franchise Discovery Day experience and make an informed decision about your business future.
One more thing. I made a video about attending a Franchise Discovery Day:
https://lnkd.in/eFJxJeXQ#thefranchiseking
Strategic Consulting - Business Valuation - Succession Planning - Exit Strategy - Business Growth - Franchise Law
Although I cannot make the IFA this year, I will be at the Multi-Unit Franchise Conference from March 19 to March 22, 2024, from Franchise Update Media. The MUFC focuses its content on the needs and aspirations of multi-unit and multi-brand franchisees, and the MUFC attracts amazing franchisee thought leaders like Robert Branca, Gary Robins and john Weber, among many others. If you are at the IFA, I recommend connecting with Franchise Update and speak with Gary Gardner, Therese Thilgen, or anyone on Franchise Update’s team about this amazing event. I sketched these images at the last MUFC and thought it would be fun to use as a FRANtoon here.
#ifa2024#franchise#franchiselaw#franchisebusiness#franchiseopportunities#franchiseindustry#frantoon#mufc
Home Franchise Concepts is honored that our Kitchen Tune-Up brand was named by Franchise Times as one of 40 of the Smartest-Growing Franchise Brands on their 2024 Fast & Serious list (#25 to be exact!). We are humbled to receive this great recognition and fired-up about the year ahead! Read what our President Heidi Morrissey says about our brand’s success in the link below!
#kitchentuneup#franchisetimes#fastandserious#smartestgrowingbrands
Home Franchise Concepts in honored that our Kitchen Tune-Up brand was named by Franchise Times as one of 40 of the Smartest-Growing Franchise Brands on their 2024 Fast & Serious list (#25 to be exact!). We are humbled to receive this great recognition and fired-up about the year ahead! Read what our President Heidi Morrissey says about our brand’s success in the link below!
#kitchentuneup#franchisetimes#fastandserious#smartestgrowingbrands
Lexology Panoramic: Franchise 2025, edited by Mark Kirsch of Lathrop GPM LLP, is available on Lexology:
https://lnkd.in/eJG-Vk6R
Lexology Panoramic: Quick reference guide enabling side-by-side comparison of local insights, including franchise market overview; key considerations when forming and operating a franchise; offer and sale of franchises; franchise contracts and the franchisor/franchisee relationship; and recent trends.
#LexologyPanoramic
Managing Director
3moThis is a hot topic with more and more franchisors looking to add successful multi-unit franchisees to their systems.