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Greetings Thrive Nation and welcome back to another joyous

conversation today on the Thrive Time show.

We're talking about higher learning for higher earning.

Oh my, that kind of rhymes.

See, think about this for a second.

This is something that I want to put into the heads of the listeners out there.

Okay.

There is a business owner who listens to our show frequently and there's two actually in the past two weeks they call me and they said hey

We have a business and we would like to franchise it and I said okay not a problem I said tell me about your business and they said, okay, they told me some details and I said, well, if you want to franchise your business, there's three steps, you got to take your three steps.

Three steps. Step number one, you have to have what's called an item 19 on your franchise disclosure document.

There's 23 items on the FDD, and you have to have the number 19 is all that matters.

And they said, what's number 19? 19 I said number 19 is you have to be

operating after you pay your franchise fees at a 15% profit which means your company

has to be to 20 to 25% profit margin to franchise. And they said, well, why?

I said, well, that's, that's thing number two.

Thing number two, you have to have a turnkey model as documented on item number seven that shows that you generate all your

customers and it can't be from networking. It can't be from passing out cards. It can't

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