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Earn Your Leisure

Cliff Notes: THE STEPS TO FRANCHISE YOUR BUSINESS

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 26 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

In this Cliff Notes, we discuss the process to franchise a business.


#EarnYourLeisure #FemaleEntrepreneur #businesssystem



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Transcript

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0:00.0

What made you say okay instead of opening I want to shop in Newark

0:03.5

I want to shop in Brooklyn, but it's gonna be what made you wanted to say I want to do franchises and have other people and I left this out

0:09.3

I did on

0:10.8

Another location at that point. So I own two locations and I was working on three

0:16.4

But I was like I don't I can't handle it on my own why so what why did you why did you tell you?

0:21.6

I wanted to maintain some free time for my family for my leisure and for work

0:28.0

So I didn't there's a lot of business owners who just run around all day long to multiple locations and then burn out at night

0:36.3

But I always wanted to leave time for myself because I felt like that's important and I didn't want the business to

0:42.9

Overrun me so I wanted to allow other people to open and I realized that in the United States

0:50.8

You have to franchise if you allow somebody else to use your logo and your business name

0:56.7

Can you talk about that? I just found that out. So yeah, you can't you can't let somebody else use it unless it's a franchise and there's a lot of people who's like license

1:06.8

There are method. There's there's stores, but you actually cannot you're not supposed to and if you get caught

1:14.4

It's a it's a big fine

1:16.4

You have to become a franchise if they are following your trademarks logos and name

1:23.9

Your trademark is the keyca method keyca stretch studios the keyca method

1:29.7

Was a bunch. Yeah, so I also franchise I mean franchise trademarks

1:35.7

Most of the trademarks myself I just sat in front of a computer for hours

1:41.2

Play the free source until I figured it out and so

1:44.6

So all right, so you so you look the consultant firms right and what happened at that point?

1:49.8

So the first one that called me back

1:52.4

a guy Chris Conner out of Atlanta franchise marketing systems and

1:58.2

He pitched the whole concept of working with me like I think this could work. I'll be on a flight tomorrow

...

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