11 Most Common Ways To Fund A Franchise - Episode 1 - Part 2
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 2 November 2023
⏱️ 19 minutes
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Summary
Learn the most common ways you can use to fund a franchise from the business coach experts that have done it before for so many others
Transcript
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| 0:00.0 | Get ready to enter the Drive Time Show. |
| 0:30.0 | Okay, now we're moving on to the third option here. This is low-cost franchises. |
| 0:46.0 | There are many, I mean, now it's kind of a new trend almost, but now there's many low-cost |
| 0:53.0 | opportunities out there that offer the ability to buy a business model, to buy a business system, |
| 0:59.0 | to buy a franchise, but it's at a very low cost. Can you walk me through a little bit about what |
| 1:04.0 | this is all about and maybe the kinds of opportunities that are out there? |
| 1:07.0 | Yeah, there is a tremendous number of opportunities in the lower investment categories. |
| 1:12.0 | And there are more and more coming up all the time as various types of business go into |
| 1:18.0 | advertising. There's always been low-cost franchises. |
| 1:21.0 | Oh, really? Yes, at least the 30-some years I've been involved. |
| 1:24.0 | There's always been lower-cost franchise opportunities. They're not all super expensive. |
| 1:29.0 | The growth in our economy around service businesses is really what drives that, because service businesses |
| 1:35.0 | typically have a lower threshold for investment and also have typically higher gross margins and net profit. |
| 1:42.0 | So those are where you're going to see a lot of the service businesses. |
| 1:46.0 | Can you give me an example of the kinds of service business? |
| 1:49.0 | Yeah, it's a specific franchise, but maybe the kinds of services. |
| 1:52.0 | It's like carpet cleaning or landscaping or what kind of? |
| 1:55.0 | Carpet cleaning, landscaping, you know, personal services, pet walking. |
| 2:00.0 | Pet walking. |
| 2:01.0 | You know, there's all kinds of crazy businesses out there playing their franchise. |
| 2:04.0 | Is that really a business? |
| 2:05.0 | Pet care, those types of things, services, you know, business, B2B services, business to business services, |
... |
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