Lance Graulich left Wall Street to become a host at TGI Fridays. From there he went on to become a multi-state franchise owner of Wingstop and Krispy Kreme Doughnuts. Lance joins me to discuss the business option of franchising. He explains how to look at buying into franchising, the advantages, of doing so, and the reasons franchise owners fail. He also discusses the option of turning your business into a franchise and how to make that happen.