how’d it get started in the food franchise business if you’re running a
franchise business if you’re running a
franchise business if you’re running a company a great way to be able to expand
company a great way to be able to expand
company a great way to be able to expand is through franchising and it’s great
is through franchising and it’s great
is through franchising and it’s great because you’re not using your capital to
because you’re not using your capital to
because you’re not using your capital to expense you can quickly grow a company
expense you can quickly grow a company
expense you can quickly grow a company up because other people are investing
up because other people are investing
up because other people are investing into their individual stores to help you
into their individual stores to help you
into their individual stores to help you launch this bigger enterprise I got a
launch this bigger enterprise I got a
launch this bigger enterprise I got a great question from one of my readers
great question from one of my readers
great question from one of my readers George on Facebook who wrote in to say I
George on Facebook who wrote in to say I
George on Facebook who wrote in to say I want to start my own food franchise
want to start my own food franchise
want to start my own food franchise business can you maybe make a video on
business can you maybe make a video on
business can you maybe make a video on youtube so George this one is for you
youtube so George this one is for you
youtube so George this one is for you now to have success in the food
now to have success in the food
now to have success in the food franchise business or in any franchise
franchise business or in any franchise
franchise business or in any franchise business the key thing here this is
business the key thing here this is
business the key thing here this is where most people get it wrong the most
where most people get it wrong the most
where most people get it wrong the most important thing that you need to start
important thing that you need to start
important thing that you need to start with is one successful location you have
with is one successful location you have
with is one successful location you have to have one location that is making good
to have one location that is making good
to have one location that is making good money that people will want to replicate
money that people will want to replicate
money that people will want to replicate too many entrepreneurs think I’m going
too many entrepreneurs think I’m going
too many entrepreneurs think I’m going to franchise this concept out is going
to franchise this concept out is going
to franchise this concept out is going to be great and they start pitching this
to be great and they start pitching this
to be great and they start pitching this thing they start trying to get on
thing they start trying to get on
thing they start trying to get on franchisees where they haven’t even
franchisees where they haven’t even
franchisees where they haven’t even built one successful location themselves
built one successful location themselves
built one successful location themselves you have to show that it works because
you have to show that it works because
you have to show that it works because what are people buying at the core
what are people buying at the core
what are people buying at the core people are buying a franchise system
people are buying a franchise system
people are buying a franchise system that works you’re telling them here are
that works you’re telling them here are
that works you’re telling them here are the steps that you need to go through to
the steps that you need to go through to
the steps that you need to go through to achieve success as a franchisee you’re
achieve success as a franchisee you’re
achieve success as a franchisee you’re taking people who want to be an
taking people who want to be an
taking people who want to be an entrepreneur who don’t have an idea
entrepreneur who don’t have an idea
entrepreneur who don’t have an idea themselves or who or a little too afraid
themselves or who or a little too afraid
themselves or who or a little too afraid to launch up their own business so they
to launch up their own business so they
to launch up their own business so they want to be their own boss and follow a
want to be their own boss and follow a
want to be their own boss and follow a set of rules the rules have to work you
set of rules the rules have to work you
set of rules the rules have to work you have to show that they work right and
have to show that they work right and
have to show that they work right and that comes from you having a really
that comes from you having a really
that comes from you having a really successful location so the best
successful location so the best
successful location so the best franchises in the world are the ones
franchises in the world are the ones
franchises in the world are the ones who’ve started with one great location
who’ve started with one great location
who’ve started with one great location so you’ve got to make it work before you
so you’ve got to make it work before you
so you’ve got to make it work before you even start thinking franchising before
even start thinking franchising before
even start thinking franchising before we think expansion create one restaurant
we think expansion create one restaurant
we think expansion create one restaurant and make it work that’s hard enough
and make it work that’s hard enough
and make it work that’s hard enough that’s a huge battle because most
that’s a huge battle because most
that’s a huge battle because most restaurants fail so make one work for
restaurants fail so make one work for
restaurants fail so make one work for you and then from there you can think
you and then from there you can think
you and then from there you can think about expansion and franchising is one
about expansion and franchising is one
about expansion and franchising is one of your options the other thing to think
of your options the other thing to think
of your options the other thing to think about franchising and this is going to
about franchising and this is going to
about franchising and this is going to be down the road but when you start
be down the road but when you start
be down the road but when you start becoming a franchisee or if you are
becoming a franchisee or if you are
becoming a franchisee or if you are going to be bringing on franchisees
going to be bringing on franchisees
going to be bringing on franchisees you have to understand that your role
you have to understand that your role
you have to understand that your role now changes because your main role in
now changes because your main role in
now changes because your main role in the business is going to be managing the
the business is going to be managing the
the business is going to be managing the franchisees and all of their questions
franchisees and all of their questions
franchisees and all of their questions and recruiting and training you’re not
and recruiting and training you’re not
and recruiting and training you’re not running your your restaurant anymore
running your your restaurant anymore
running your your restaurant anymore you’re not running a restaurant business
you’re not running a restaurant business
you’re not running a restaurant business you’re running a franchise business and
you’re running a franchise business and
you’re running a franchise business and a lot of entrepreneur friends of mine
a lot of entrepreneur friends of mine
a lot of entrepreneur friends of mine who have gone down that road of
who have gone down that road of
who have gone down that road of franchising regret it because they feel
franchising regret it because they feel
franchising regret it because they feel disconnected from their business they
disconnected from their business they
disconnected from their business they get into a different business now where
get into a different business now where
get into a different business now where you are managing these franchisees so
you are managing these franchisees so
you are managing these franchisees so you have to figure out is this the
you have to figure out is this the
you have to figure out is this the business for you or not it’s something
business for you or not it’s something
business for you or not it’s something to think about down the line but your
to think about down the line but your
to think about down the line but your number one step here is not even
number one step here is not even
number one step here is not even thinking about franchising yet make your
thinking about franchising yet make your
thinking about franchising yet make your restaurant work and this goes for
restaurant work and this goes for
restaurant work and this goes for anybody who’s trying to raise capital
anybody who’s trying to raise capital
anybody who’s trying to raise capital you try to grow your company out you
you try to grow your company out you
you try to grow your company out you want investors to come on if it’s an
want investors to come on if it’s an
want investors to come on if it’s an equity investor franchise investor or
equity investor franchise investor or
equity investor franchise investor or whatever it is show that what you have
whatever it is show that what you have
whatever it is show that what you have works
works
works don’t come them with an idea they’ll
don’t come them with an idea they’ll
don’t come them with an idea they’ll come to me with a business plan just on
come to me with a business plan just on
come to me with a business plan just on paper with nothing actually physical
paper with nothing actually physical
paper with nothing actually physical show me that what you have works show me
show me that what you have works show me
show me that what you have works show me that people are interested in this
that people are interested in this
that people are interested in this concept show me that the market is
concept show me that the market is
concept show me that the market is blowing up and you need money to expand
blowing up and you need money to expand
blowing up and you need money to expand that’s where most people fall down and
that’s where most people fall down and
that’s where most people fall down and that’s why most people don’t get the
that’s why most people don’t get the
that’s why most people don’t get the investment they need and they don’t get
investment they need and they don’t get
investment they need and they don’t get the franchisees that they need and you
the franchisees that they need and you
the franchisees that they need and you want good franchisees a bad franchisee
want good franchisees a bad franchisee
want good franchisees a bad franchisee is going to sink your company you’re
is going to sink your company you’re
is going to sink your company you’re going to invest so much time in training
going to invest so much time in training
going to invest so much time in training and working with them and it’s not it’s
and working with them and it’s not it’s
and working with them and it’s not it’s not working out because you brought the
not working out because you brought the
not working out because you brought the wrong person in from the start you are
wrong person in from the start you are
wrong person in from the start you are good franchisees you have to have a good
good franchisees you have to have a good
good franchisees you have to have a good system people are going to invest in and
system people are going to invest in and
system people are going to invest in and that comes from having a great location
that comes from having a great location
that comes from having a great location they can start with so that’s your
they can start with so that’s your
they can start with so that’s your number one step make that work make your
number one step make that work make your
number one step make that work make your one restaurant highly successful highly
one restaurant highly successful highly
one restaurant highly successful highly profitable and then you’re ready to
profitable and then you’re ready to
profitable and then you’re ready to expand the look at franchising or
expand the look at franchising or
expand the look at franchising or different options to grow your business
different options to grow your business
different options to grow your business believe those are you watching you liked
believe those are you watching you liked
believe those are you watching you liked the video please give it a thumbs up
the video please give it a thumbs up
the video please give it a thumbs up below
below
below thank you George North to the question
thank you George North to the question
thank you George North to the question and if you guys have a question for your
and if you guys have a question for your
and if you guys have a question for your business or comment leave it below I
business or comment leave it below I
business or comment leave it below I love seem to come in they really make my
love seem to come in they really make my
love seem to come in they really make my day every time I see them so thank you
day every time I see them so thank you
day every time I see them so thank you so much keep the comments coming and
so much keep the comments coming and
so much keep the comments coming and I’ll see you soon
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