#022 - Why Franchising is not turnkey ft. Angela Coté from Cultivate Advisors

One of our favorite Franchise Risers is back on the show! Angela Coté returns tto bust a common franchising myth - that franchises are turnkey businesses.

Listen to get truth and to discover why franchises aren’t a “set it and forget it” type of business.

What We Cover

 * Welcoming Angela Coté and discussing her new role

 * Why franchising is NOT turnkey

 * Myth #1: You open your franchise and customers just come

      * The importance of hard work and grit

      * The role of marketing when opening a new franchise

 * Myth #2: You won’t spend more than the franchise fee

      * Ample working capital is essential

 * Myth #3: Once the franchise gets going, it becomes turnkey

      * Why you’ve got to stay involved as an owner

 * The other side: What franchisors need to know

Resources We Mention

 * Cultivate Advisors

 * Angela’s Facebook Page

 * Angela’s LinkedIn Page

 * Angela’s Instagram Page

 * Email Angela

 * Franchise Springboard

Get Inspired by Angela

 * “You can go along and do the trial and error thing and make expensive mistakes, or you can hire an advisor - somebody that's been in your shoes that can guide you to make the decisions to help move you forward instead.”

 * “I get that comparing when it to starting a business from scratch it seems turnkey, but there's just so much more to it.”

 * “I'm trying to bust the myth about franchising being turnkey because I think it comes down to having like very realistic expectations from the start about what it takes to be successful.”