Ever considered turning your business into a franchise? Thought about buying or investing in an already existing franchise? You’ll need to know exactly what a franchise is before doing either of these things.
In this episode, Erin chats with Carmen Chavez de Hesse, owner of Echo Growth Strategies, about the three factors that make a franchise a franchise vs. a licensed business:
- National trademark registration
- Systems and support
- Ongoing fees in exchange for the trademark, systems, and support
Listen to get into the nitty-gritty details of franchising.
What We Cover
- Defining a franchise
- Licensing vs. franchising
- Mandated timeline for buying a franchise
- Questions to ask when doing due diligence on a brand
- Corporate locations vs. franchise locations
We’d love to hear from you! Share your thoughts on Facebook or Twitter, or leave a review on iTunes. Your honest reviews help others discover the series and start their franchise journeys.
Let’s Stay Connected- Franchise Rising Website
- Franchise Rising Facebook
- Franchise Rising Instagram
- Franchise Rising Twitter
- Franchise Rising YouTube
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