Right Franchising

Tag Archive: Thrive

Right Franchising March 2021 Newsletter

MarchQuote

It’s hard to believe that we are nearing one year since the pandemic first started.  I’m optimistic at where we are headed and thought I would share some great advice from Michael Lee Stallard, president and co-founder of Connection Culture Group.

In his recent article “Thriving through the ongoing pandemic”, he points out that thrivers will maintain a realistic sense of optimism and communicate their rationale to others whom they influence.

Thrivers through the pandemic will maintain focus on what’s important and what they can do well in the current environment.  This is a good time to be laser-focused on identifying, or re-evaluating, your three to five priorities for the year and making progress toward those goals.  He also notes to pace yourself.  Don’t try to do too much.

  • Stay Realistically Optimistic
  • Stay Focused on your Top 3 to 5 Priorities
  • Stay Connected

He ends by encouraging his readers to stay connected.  With these three attributes in mind, what actions can you take in the next few days?  Will you be a thriver? 

If one of your priorities this year is to explore business ownership, let’s connect! Many of my clients have recently gone through a job change or will be due to the industry they are in and want to explore franchising, opportunities available, expectations, and the requirements to qualify.


Right Franchising Overview

What We Do

We understand the excitement of owning your own business, and we understand the fear.  Now we put our business experience to work helping others investigate franchises and make an informed decision.  Our services are at no charge to you as we are paid by the franchise associations.  The price for a franchise is the same whether you use a franchise consultant or go it alone.  There are no contracts or long-term commitments—just good solid information.  You gain peace of mind and security around your final decision.

The clients we want:

We want clients who want to know more about franchising and if it is right for them.  They need to be serious about having their own business so that we can provide a thorough and methodical search.   This targeted search saves our clients time, frustration and prevents costly mistakes.

Questions you may be asking yourself

Is franchise ownership right for me?  How will I know?

Tools from Right Franchising:

  1. Business Characteristic Assessment—10 minutes online

Answers the following questions:

  1. Should I pursue a franchise or a job?
  2. What types of franchises are right for me?
  3. What do I value in a franchise model that fits me?

How much money will I need?  How do I fund a business?

  1. We will provide funding assistance and analysis.
  2. We find good sources with low interest or no interest rates for our clients.
  3. It is easier to fund a business than to buy a home.  You just need the right sources.

How do I evaluate a franchise?

With expertise and tools provided by Right Franchising.

  1. A step-by-step process to provide clarity and peace of mind.
  2. Expert assistance and attorney referrals to help you understand the Franchise Disclosure Document.  What it really means.
  3. Franchisee Satisfaction Reports answers the question:  Are franchisees happy in the franchise?
  4. What questions do I ask of the franchisor and franchisees? 

Your consultant will provide the right questions and in most cases be on the call with you.

Will I make the money I want and need to make?   

Tools from Right Franchise to provide real numbers that are understandable and make sense to you.

  1. Easy to understand Performa’s (spreadsheets) with gross revenues, expenses and net (take home) income.
  2. How to ask the financial questions of other franchise owners.  Again Right Franchising will guide you to the right questions to ask.
  3. How soon will I see revenue coming in?  (You will know before purchasing your franchise)
  4. How much money will I need during the ramp up period?  (A step in the due diligence process)

Step by Step Process

Step 1:  Contact Me

Call or email me to schedule a time for a personal consultation.   Gayle@RightFranchising.com or 281.642.8280.

Step 2:  Consultation and Business Characteristic Assessment

We will have an in-depth conversation to understand your goals, passion and investment range.  The information gathered will provide criteria for a more strategic search applicable to your personal and financial needs.  This assessment helps us both understand your goals, values and desires.

Step 3:  Research

I will use the information provided by you to search through hundreds of top-shelf franchises. Our company will also verify that the demographic area you are interested in is available. Through research, Right Franchising will identify quality franchises that match your criteria, your desired lifestyle and your goals.

Step 4:  Recommendations

The selected franchise concepts are presented to you (and any partners) along with data and reasons why they would be a viable choice.  This step will either take you to Step 5 or back to Step 3 where additional choices may be recommended.

Step 5:  Introduction to the Franchisor

I will introduce you to the right person with each franchise, and together we will investigate and learn about the franchise.

Step 6:  Investigating the Franchise

You will be provided with all the research tools and support to fully investigate the franchise including: guides for the franchise disclosure, funding options, validation, analysis, Performa’s and more.

Step 7: Make an informed decision


Forecast Graphic

All forecasts are pointing to optimistic economic growth in 2021. Reuters discusses the U.S. Retail Sales growth forecast

“We are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine will generate increased economic growth, retail sales and consumer spending,” NRF Chief Executive Matthew Shay said in a statement.  Read More


Credit Debt Graphic

What are the loan options available to you when buying a franchise? You may be surprised at the options and the Small Business Administration (SBA) has some significant benefits to new applicants for a 7(a) loan, 504 loan, or Microloan. These SBA loan benefits are significant that include waived fees and delayed payments.

We work with funding agencies that specialize in lending in the franchise sector. Whether an SBA loan, commercial loan, self-directed IRA, equity line, or other funding options are right for you is based on your personal financial situation. Contact our office to find out about pre-qualification and to learn.

Quotation regarding your goals