Is Franchising Right for You? with Richard Morgin, Episode 23
In this episode of Is Franchising Right for You?, Richard Morgin discusses essential aspects of franchise ownership. Richard Morgin is a seasoned franchise consultant with over 20 years of experience guiding individuals through the process of finding the right franchise opportunity.
Tune in to the episode to hear about:
* Working with a Consultant: Morgin emphasizes the crucial role of working with a franchise consultant. With over 4,000 franchise brands in the US, a consultant can help narrow down options based on your goals.
* Over-Communicate During the Process: Morgin advises being proactive in rescheduling appointments and expressing your feelings and concerns openly.
* Financing Your Franchise: Morgin discusses various financing options, including SBA loans and the ROBS program, which allows using self-directed retirement assets without penalties or taxes.
* Talking to Franchise Owners: He strongly advocates for prospective franchisees to have live conversations with current franchise owners.
* Understanding Legal Aspects: Before signing any franchise agreement, Morgin advises thorough legal examination by experts. This includes scrutinizing the franchise disclosure document and negotiating terms.
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About Is Franchising Right for You?:
The Is Franchising Right for You? Podcast demystifies preconceived notions about franchising, both entrepreneurs franchising and those buying a franchise.
Subscribe to The Franchise Consulting Company’s YouTube channel to not miss an episode: https://www.youtube.com/@thefranchiseconsultingcomp119
Connect and learn more from your host, Richard Morgin:
* Connect with Rick on LinkedIn: https://www.linkedin.com/in/richardmorgin
* Follow Rick on Facebook: https://www.facebook.com/rickmorgin
* Follow Rick on Instagram: https://www.instagram.com/rickmorgin
* Text Rick at 26786
