Many business owners are tired after this year and are looking to sell their locations. It is a sellable asset.

Pete and Nat are joined by Trent Halvorson, the Vice President of Franchisor Relations with FranChoice on this episode. Trent has a unique perspective on franchising because he works directly with the franchise companies and sees what they are doing and where they are going.

Pete and Nat have worked with so many franchisees that they are starting to see some common mistakes newbies make when they start their business.

Allison Zorich from Guidant Financial joins Pete and Nat on the podcast today to discuss the changes to funding franchises in 2021. 

You are interested in becoming a franchisee? Awesome! You are about to take a huge step in owning your income instead of renting it. But, do you know where to start?

The Franchise Disclosure Document is a big step in the investigation process. When Nat invested in his first franchise, he skipped it (he's more of a ready, fire, aim guy sometimes). He doesn't suggest that approach. Both HYS consultants think you should spend the time to really read the FDD when you have narrowed down your choices.

We have helped many franchisees own a franchise in our years as consultants. We have also seen the same mistakes repeatedly (we even made a few as franchisees). And while none of these mistakes will spell the outright failure for a franchisee, making any of them will make running your business harder... and less profitable.

 

When researching a franchise to invest your hard-earned money into, there are many things to consider.

You can choose a new and exciting franchise with a lot of potential or select a franchisor with more experience. There are advantages and drawbacks to each option.

It seems like the news is filled with worries about climate change, and the market is responding with a push towards green energy and technologies. Franchises have taken up the mantle of this trend. Many of the franchises the HIRE YOURSELF franchise consultants work with a focus on the idea of "going green." These are some of the best franchise opportunities for eco-friendly businesses that can change the world and your life!