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Is Your Business Ready to Franchise? 3 Myths Busted! W/ Mike Polluck #67 Close The Deal
Manage episode 448092695 series 2862017
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Mike Polluck, CEO of Franlift, busts 3 common myths about franchising your business. In short, is your business franchisable?
3 takeaways on this episode of the Close The Deal Podcast:
👉 Know Your Ideal Franchisee: Identifying franchisees who align with your brand’s values, have the required skills, and are committed to growth is essential. The right partners can drive success and uphold your brand’s standards.
👉 Master Your Financials Early: Be realistic about the initial costs, ongoing fees, and profitability timelines. Having clear financial projections and resources can make a critical difference in long-term franchise sustainability.
👉 Invest in Effective Training and Support: Comprehensive onboarding and continued training set your franchisees up for success. By equipping them with tools and support, you foster a culture of empowerment and help ensure brand consistency.
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Visit www.CloseTheDeal.com to see all episodes.
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Ewell interviews franchisors and franchise industry leaders to educate first time franchise investors. Get behind the scenes information so you start the process and close the deal on your first franchise.
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Visit www.CloseTheDeal.com to see all episodes.
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