On this week's episode of the podcast, the guys talk about franchising myths and debunk them.

The investigation process for a franchise is one of the most important steps a candidate will take. Finding the right franchise  when looking to own a franchise is difficult and a consultant will help.

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

It's goal-setting time! Nat and Pete like to take time at the end of each year to set goals for themselves and their businesses. Over the years they have tried many different methods and have refined their style. But they are also still learning!

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.

On this episode, Nat and Pete discuss many ideas and share quite a few stories, including how Pete would repossess cars from the Minnesota Vikings and Nat proves his half-day theory of entrepreneurship.

Becoming a franchisee is a big step. It requires an investment of time, effort, and capital to get a new business off the ground. As a new franchisee or a franchisee candidate, there is a crucial step that is often overlooked: the franchise exit strategy.

 

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.

There are plenty of ways to find your path to franchise investment. You might drill down by way of Google until you find something that speaks to you. You might march yourself straight to the sales department of a business you like. You might be introduced or shepherded by a friend or family member who’s already involved. Or you might work with a franchise consultant.