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The How of Business - How to start, run, grow and exit a small business.

16: Three Benefits of Franchising

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 6 June 2016

⏱️ 9 minutes

🧾️ Download transcript

Summary

There are three critical benefits that we believe you should consider when evaluating and selecting a franchise that's right for you: the brand, the leverage, and the systems.

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Transcript

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0:00.0

Welcome to the How of Business with David Begin and Henry Lopez, the podcast that offers practical advice and tips on how to run and grow your small business.

0:10.3

The How of Business helps aspiring entrepreneurs and small business owners achieve their definition of success and overcome challenges that get in their way.

0:18.6

This podcast series focuses on the everyday common business issues,

0:22.6

challenges, and opportunities that face the small business owner. So here now are your hosts of

0:27.7

the How of Business, David and Henry.

0:33.7

Hello, folks, this is Henry Lopez. This episode of the How of Business is slightly different

0:39.1

than the previous episodes that we've released. It's a short summary episode, and it's a summary

0:44.0

of a recent blog post of an article entitled Three Critical Franchise Benefits. You can find

0:50.5

the full article that I wrote on our blog at levante business group.com.

0:56.6

At the top of the page, you'll find a link to our blog.

0:59.4

And there you can find the entire article.

1:01.5

These episodes, these summary episodes, this is our first one, are intended to give you

1:06.3

just a brief summary of the article.

1:09.0

And then if you think you want to read more about it, then again,

1:11.7

you can find the entire article on our blog. This article in this episode is really for you if you

1:18.7

are considering buying a franchise. So perhaps it's your first business. But if you're looking at

1:24.2

evaluating considering franchises, in other words, you being a franchisee,

1:29.2

opening one or more units of a particular franchise system, then this is for you.

1:34.8

So let's get right to it.

1:36.0

I think there are three critical things at the highest level that you have to evaluate and consider

1:41.4

when you're looking at a franchise.

1:43.6

And they are the brand, the leverage,

...

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