What's Your Next?

https://www.nextlevelfranchisegroup.com/franchise-return-on-investment-calculatorIn the bustling world of franchising, understanding and maximizing your Return on Investment (ROI) is crucial for success. The latest episode of "What's You Are Next" podcast dives deep into this topic, offering invaluable insights for aspiring business owners. Hosted by the dynamic duo, Dave and Stacey Riska, this episode not only educates on the financial aspects of franchising but also emphasizes the importance of aligning your investment with your personal goals.Key Takeaways:Understanding ROI in Franchising: ROI isn't just about the numbers; it's about how your investment brings you closer to your personal and financial goals. The hosts introduce a user-friendly ROI calculator available on their website, designed to demystify the process of calculating your franchise's potential return.The Importance of Prequel Knowledge: Before diving into ROI calculations, the hosts recommend revisiting the two preceding episodes. A Deep Dive with the ROI Calculator: The episode walks listeners through a step-by-step guide on using the ROI calculator. From initial investment figures to calculating net profit and understanding fixed and variable costs, the tool is designed to provide a comprehensive view of your potential franchise earnings.Scenario Analysis for a Realistic Outlook: Stacey advises listeners to run multiple scenarios (good, better, best) through the calculator. The Non-Monetary Returns: Beyond the tangible financial returns, investing in a franchise should resonate with your personal 'why'. The Risas highlight the importance of considering what you gain in terms of personal satisfaction and alignment with your values.Future Planning: The discussion concludes with a reminder of the importance of long-term planning. A five-year outlook using the ROI calculator can offer a more realistic picture of your investment's growth potential.This episode of "What's You Are Next" is a must-listen for anyone looking to dive into franchising. With expert guidance, listeners are equipped to make informed decisions, ensuring their franchise investment is not only financially sound but also personally fulfilling.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Diving into the world of franchising can be both exciting and overwhelming. With thousands of options available, how do you choose the right one? The key lies in understanding the Return on Investment (ROI) and other crucial factors that contribute to a franchise's success. Here's a simplified guide to help you navigate through the financials and spot a winning franchise.Key Takeaways:Understanding ROI: ROI is a critical factor but shouldn't be the sole criterion for evaluating a franchise. It's essential to look beyond just the numbers to find a franchise that aligns with your goals and values.Types of Franchises: Franchises can vary significantly, from home-based models to brick-and-mortar setups, each with its own set of financial dynamics. Consider whether you want to be an owner-operator, semi-passive, or invest in a passive model like vending machines.Initial Investment vs. Long-Term Success: Don't judge a franchise solely by its initial investment cost. Some franchises may require a higher upfront cost but offer greater long-term revenue potential.Expenses and Revenue: Understand the ongoing expenses and potential revenue streams. Factors such as location, market demand, and brand recognition can significantly impact your financial success.Turnkey Operations and Support: Many franchises offer turnkey operations and support services, which can add to your ongoing costs but also provide valuable assistance in marketing, operations, and technology.Choosing the right franchise involves a careful analysis of ROI, understanding the different franchise models, and considering your personal goals and lifestyle. By using the provided insights and evaluating both the financial and non-financial aspects of a franchise, you can make a more informed decision that aligns with your vision of success. Remember, the best franchise opportunity is one that not only promises a good return on investment but also fits your personal why and supports your long-term goals.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Insurance is often a topic many shy away from, but for aspiring business owners, it's an essential aspect of ensuring the longevity and security of your venture. Here are some key takeaways from this in-depth interview with insurance expert Nicolas “Nico” Lares:Insurance is a Must for Business Owners: It's not just about legal compliance; insurance is about transferring risk and protecting your business's future.The Journey into Insurance: Nico's entry into the insurance industry was unplanned, highlighting that many professionals in the field find their path unexpectedly, often leading to a fulfilling career.Understanding Business Insurance: It's crucial for business owners, especially those in franchising, to grasp the basics of insurance, including the types necessary for operation.Types of Business Insurance:Business Auto Insurance: Different from personal auto insurance, it covers vehicles used for business operations, including liability for damages and injuries caused by business vehicles.Workers' Compensation: Mandatory in most states, it covers employees' medical expenses and lost wages due to work-related injuries.General Liability Insurance: Protects against third-party claims of property damage or injury caused by your business operations, not covered by business auto or workers' comp.The Role of an Insurance Broker: Working with a broker like Nico can provide personalized advice, help navigate claims, and ensure you have the right coverage for your specific business needs.Choosing the Right Insurance: Look for brokers with experience in your industry, compare quotes from multiple providers, and consider the broker's ability to support you through claims.Insurance as Your Business Grows: As your business expands, especially across state lines, your insurance needs will evolve. An experienced broker can guide you through these changes.Insurance might not be the most exciting aspect of starting a business, but with the right guidance and understanding, it can be a crucial tool in protecting your dream. Whether you're just starting out or looking to expand, taking the time to understand and invest in the right insurance coverage can save you from future headaches and financial strain.Contact Nicolas Lares:Email: Nicolas@Fortsure.comPhone: 1-(954) 324-3112📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comDiscovering the potential return on investment (ROI) in franchising can seem daunting, but it's crucial for aspiring and current franchisees. This blog post simplifies the concept of franchise ROI, making it easy to understand and evaluate for anyone looking to invest in a franchise.Key Takeaways:-Understanding ROI: ROI is a critical factor when evaluating a franchise opportunity. It helps determine the potential return on your investment compared to other investment options.-Investment vs. Purchase: Viewing a franchise as an investment rather than a mere purchase shifts your mindset towards long-term financial planning and success.-Franchise Disclosure Document (FDD): The FDD is your go-to document for understanding the costs (Item 7) and potential revenues (Item 19) associated with a franchise, crucial for calculating ROI.-Costs to Consider: Initial investment includes franchise fees, training, marketing, technology fees, and equipment costs.-Revenue Insights: Understanding how to make money, including average ticket sales and operational expenses, is key to projecting your ROI.-ROI Calculation: A simple formula to calculate ROI is net profit divided by initial investment, multiplied by 100.-Due Diligence is Key: Success in franchising is not guaranteed. Thorough research and understanding of the numbers are essential.-Misconceptions and Tips: It's important to understand that ROI calculations can vary and should include all potential expenses and revenues for accuracy.Important Time Stamps:00:53 - The significance of ROI for franchisees01:31 - The difference between buying and investing in a franchise02:20 - Evaluating ROI and investment considerations02:59 - Understanding costs with the FDD03:37 - Exploring revenue opportunities and calculations05:33 - Addressing misconceptions and emphasizing due diligenceFranchise ROI doesn't have to be a complex puzzle. By understanding the basics of investment, costs, and revenue, along with utilizing tools like the FDD and ROI calculators, you can make informed decisions about your franchise investment. Remember, success requires thorough research and a clear understanding of your financial projections. Stay tuned for more insights and tools to help you navigate the world of franchising effectively.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comPrevious Funding Video https://www.youtube.com/watch?v=VtWr3_-MSogDiving into the world of franchising can be an exhilarating journey toward business ownership. Yet, many aspiring entrepreneurs hesitate, bogged down by misconceptions about the need for industry experience. In this concise, bullet-pointed blog post, we debunk the myth that familiarity is a prerequisite for franchise success, drawing insights from the enlightening podcast episode of "What's Your're Next."Key Takeaways:Familiarity Misconception: The belief that one must have prior experience in a franchise's industry is a common barrier.Success Without Experience: Many franchisees achieve remarkable success without any background in the industry of their franchise.Franchisor Support: Comprehensive training and ongoing support from franchisors are pivotal in navigating the initial and future challenges of the business.Peer Learning: The franchisee community offers a wealth of knowledge, sharing best practices and experiences that contribute to individual success.Due Diligence is Key: Assessing a franchise involves evaluating its support system, operational model, and the success of existing franchisees without industry experience.Simplified Insights:No Need for Expertise: Entering a franchise without industry experience can be advantageous, allowing fresh perspectives and learning.Franchisor's Role: Look for franchises that offer robust training programs and continuous support to ensure you're never alone in your journey.Community Advantage: Leverage the diverse experiences of fellow franchisees to enrich your business approach.Matchmaking: Finding the right franchise is about aligning your passions, skills, and resources with the right opportunity, not your resume.Success Formula: A proven system, combined with your dedication and the franchisor's support, paves the way for success.Embarking on a franchise venture without prior industry experience isn't just possible; it's a path many successful franchisees have traversed. By focusing on the strengths of the franchising model—structured support, a proven business model, and a community of peers—entrepreneurs can overcome the familiarity b📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comTitle: "Unlocking Franchise Success: Navigating the World of Funding"Key Takeaways from the Podcast:Franchise Funding Basics:You don't need 100% of the money upfront to acquire a franchise.Various funding opportunities are available, often requiring less than 50% personal capital.Understanding Franchise Costs:Initial costs include franchise fees, training fees, and possibly build-out expenses for brick-and-mortar locations.Plan for cash flow needs, including marketing and operational expenses for the first few months.Funding Options:SBA Loans: Common and diverse programs available.HELOC: Using home equity for funding.ROBS: Using 401k funds without penalties or taxes.Personal and Business Loans: Both secured and unsecured options.Working with a funding partner is recommended to navigate these options.How Much Money Do You Need?:Aim for at least $50,000 in the bank.This ensures living expenses are covered and meets potential cash infusion requirements for some funding options.Avoiding Undercapitalization:It's better to overestimate funding needs than to be underfunded.Overfunding can usually be prepaid back if not used.Final Tips on Funding:When to Start: Begin exploring funding options early.How to Proceed: Utilize experts and funding partners for guidance.Video Timestamps:00:00 - Introduction to the episode and series.00:34 - Overview of the podcast and its audience.01:08 - Introduction to the topic of funding.01:43 - Analogy of franchise funding to home funding.03:06 - Explanation of the need for funding in franchising.03:25 - Discussion of various funding options.04:42 - Insights on how much money a prospective franchisee should have.05:39 - Importance of avoiding undercapitalization.06:08 - Final advice on when and how to approach funding.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Would you like to own a business that's SIMPLE, PROFITABLE and provides done-for-you MARKETING and CALL CENTER SUPPORT? 🤩Watch the replay of our webinar featuring That 1 Painter franchise - the fastest growing painting franchise! 🖌️You might be thinking "I'm not a painter." "I don't see myself owning a painting business." AWESOME! Because you DO NOT need any prior painting experience and once you see what a lucrative opportunity this is, you'll be clamoring to know if it's available in your area.Why You Can't Afford to Miss This Replay:🌟 Discover the Secret Sauce: Uncover the unique strategies that make That 1 Painter a market leader and how you can ramp up quickly to dominate your area.🚀 Skyrocket Your Success: Learn how That 1 Painter supports you with marketing, advertising, call center and followup support. You'll love the freedom and flexibility this franchise gives you so you can focus on being a leader in your community and building a profitable business.💼 Business Made Simple: Get a sneak peek into our foolproof business model that's as easy to follow as a paint-by-numbers kit!🤝 Community & Support: Learn about the robust support network that ensures you're never painting alone.💡 Innovation at Its Best: Find out how we stay ahead of the curve in a competitive market. Spoiler alert: it's not just about the paint!📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comThe 3 F’s That Keep People From Pursuing Business Ownership - Part 1: FearIn the world of franchising, fear is a common but conquerable obstacle. Here's a concise, bullet-point summary of key insights from the "What's Your Next" podcast episode on tackling fear when buying a franchise:Defining Fear: Often, fear is simply 'False Evidence Appearing Real.' It's a natural part of the franchise acquisition process.Common Fears:Security Loss: Transitioning from a stable job to being your own boss.Fear of Failure: Worrying about not succeeding in the new venture.Debt Anxiety: Concerns about borrowing money or financial loss.The Unknown: Entering a business area with no prior knowledge.Personal Experience from Hosts:Faced fear when choosing between different franchise sizes.Concerns about failure in food service, despite a proven franchise model.Ultimately, the decision was driven by factual considerations, not emotions.Overcoming Fears:Good vs. Bad Fear: Use fear as a motivator, not a deterrent.Seek Education: Base decisions on data, logic, and facts.Utilize Frameworks: Use structured approaches like the 'six Ps' for informed decisions.Do Your Due Diligence: Learn from existing franchisees about their experiences.Additional Advice:Educate Yourself: Read books, listen to podcasts, and learn from successful business owners.Understand Your 'Why': Align your personal goals with the franchise choice.Remember Franchise Benefits: It's a system to be in business for yourself, but not by yourself.The episode highlights that fear, while natural, should not be a barrier to pursuing franchise ownership. These fears can be managed and overcome with the right approach, education, and mindset. Stay tuned for more on funding and familiarity in franchising!📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comHot Topic for Aspiring Business Owners: Exploring the best franchises to own, following up on our discussion about various business types.Choosing the Right Franchise: Key criteria include profitability, strong support, a proven system, and a solid brand reputation.Top Franchise Categories:Children and Education: High demand due to being essential services.Pet Care: Increasing expenditure on pets makes this a lucrative option.Home Services: Covers a wide range, from lawn care to home repairs, driven by constant need.Senior Care: Growing sector due to the aging population, known as the "silver tsunami."The Importance of Open-Mindedness: Success stories from candidates who explored different franchise options, like mobile pet grooming, based on personal passion and market needs.Starting Your Franchise Journey:Work with experts for guidance and matchmaking.Learn through a structured process, like the nine-step Franchise Roadmap System.Understand the Franchise Disclosure Document (FDD) for insights into profitability and operations.Assess market trends and franchisor strengths.Identifying a Good Franchise:Differentiate between good and not-so-good franchises.Utilize the FDD for comprehensive information, including financial expectations.Conduct thorough research and due diligence.To find the best franchise, consider industry trends, the franchise's support system, and conduct in-depth research. Working with experts like us can lead you to the business of your dreams.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comAre you dreaming of escaping the corporate nine-to-five grind and starting your own business? If so, you're in the right place! In this episode of "What's Your Next?" Dave and Stacey Riska, a husband-and-wife franchising duo, discuss the various options for business ownership and the pros and cons of each. Let's break it down in a simple, skimmable format:Three Paths to Business Ownership:Starting a Business from Scratch:Pros:Your business, your rules.Unleash your creativity.Flexibility in work hours.Cons:No established recipe for success.High risk.Buying an Existing Business:Pros:Immediate access to an established customer base.Existing cash flow.Cons:Uncertainty about why the business is for sale.Validating financials can be challenging.Franchise Ownership:Pros:Proven business system.Ongoing support, marketing, and technology.Access to a network of fellow franchisees.Cons:Not all franchises are created equal.Initial investment is required.Understanding the Risks:Starting from Scratch: 90% of new businesses fail within the first five years.Franchises: About 85-90% of franchises are still in operation after five years.Buying an Existing Business: Statistics vary, but it falls somewhere in between.Key Consideration: Your "Why"Determine your motivation for business ownership.Consider factors like flexibility, financial security, and your passion.Dave and Stacey's Example:Their "why" was financial freedom.They set a clear goal to exit their first business within 10 years and achieved it.Closing Thoughts:Opportunities abound in the world of business ownership.Choose the path that aligns with your entrepreneurial spirit and financial comfort.Seek expert guidance to match your goals with the right business concept.Remember, the journey to business ownership is exciting, but understanding your motivations and the potential risks is crucial. Whether you're starting from scratch, buying an existing business, or exploring 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

We're going to cover something which is when you are taking a deep dive into the world of business ownership one of the very best ways and most exciting avenues for entrepreneurship is franchise business opportunities. We are going to discuss what are some of the key benefits of franchise business opportunitiesSo a lot of people have misconceptions about it because they think, ooh, franchise, right? McDonald's, Wendy's, Burger King; it's all french fries and fast food. So here are some fun stats to start off our discussion today. How many different franchise concepts do you think there are? There are 4,000 plus out thereAnd how many people do franchises employ?More than 8 million people. And what about veterans? They're big on getting into franchising. How many franchises are veteran-owned?One out of every seven franchises is veteran-owned.What are some of the key benefits of franchise business opportunities?Generally, when people are looking at a franchise opportunity, it's because they're looking to make a change and they want a business that's going to be stable, can provide income, freedom and flexibility. But what is a franchise? … watch/listen to the full episode/podcastWhat’s CoveredBut what is a franchise? What are some of the financial aspects or important financial points about franchise business opportunities?Should you run out there and research franchises all over the internet?What would you say is the biggest mistake that many people make when they're first exploring franchise opportunities?Key points regarding franchise business opportunities.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Are you dreaming of owning your own business but not sure where to start? Janna and Peter, a husband-wife duo, share their inspiring journey from military service to successful franchise ownership in this episode of “What’s Your Next”. They worked with Franchise Dream Matchmaker Stacey Riska to find the perfect business opportunity, and their story is a testament to the possibilities that await when you take that entrepreneurial leap. Here’s their story, summarized for easy reading:Background:Janna was a probation officer, law enforcement officer, and Air Force military police officer for 13 years.Peter is an Air Force officer with 13 years of service.Seeking Change:Janna felt burnt out from her job and wanted a business that brought her happiness and financial freedom.Peter supported her desire for a career change while maintaining his military service.Transferable Skills:Both brought leadership, people management, and adaptability skills from their military backgrounds.Entrepreneurial Dreams:Neither had prior entrepreneurial experience or owned a business before.They had discussed various business ideas over the years, including a cafe and dog training.Starting the Journey:They reached out to Stacey Riska for guidance, initially considering starting a business from scratch.The Franchise Option:Stacey introduced them to the world of franchises, emphasizing the support and structure they provide.Janna and Peter chose franchising as it offered the backing and guidance they needed as first-time entrepreneurs.Exploring Franchise Opportunities:They researched and evaluated different franchises, including pet training and pet sitting concepts.Discovered Zoomin’ Groomin’ a mobile pet spa franchise, which piqued their interest.Market Research:They considered the need for their chosen franchise concept in their local area.Realized that there was a demand for pet grooming services and limited competition.Concerns and Doubts:Worries about financial backing were their primary concerns.They strategically planned and set aside funds to cover startup costs.The Decision:After thorough research and discussions with franchise mentors, they chose Zoomin’ Groomin’ mobile pet grooming.The Timeline:📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

 Are you ready to seize an amazing opportunity where you can own an in-demand tinting and auto-styling business? Watch the replay of this electrifying webinar, "Shades of Opportunity: Discover Black Optix Tint Franchise Ownership," where we'll unveil how you can own this solid franchise business.  The Black Optix Tint Difference: Learn what makes Black Optix Tint unique and discover why it's not just a business; it's a journey towards your prosperity and freedom. Franchise Triumph Secrets: Hear from current franchise owners who share their success secrets and how they turned their dreams into thriving businesses. Forge Your Own Path: Explore how Black Optix Tint will provide you an affordable "business in a box" into the tinting and auto styling industry with reasonable overhead, low start-up cost, and applicability in most markets. Personalized Guidance and Support: You'll understand the comprehensive support and training you receive in opening and growing your business. Find out why with Black Optix Tint, you're always in business FOR yourself, not BY yourself. Don't miss this replay event! Prepare to be captivated by what you learn. This just may end up being the business of your dreams! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comWe are so excited because we finally reached the review of the final item of the Franchise Disclosure Document (FDD). If you've been hanging in there with us, we know this is a lot of information, but it's worth understanding the FDD and what you are agreeing to. If you've reviewed this information and looked this over in-depth and learned about the different items of the FDD, then you are going to most likely make a much better decision about your perfect choice of a franchise. Item 23 - The ReceiptWhat they mean in general is receipt of the Franchise Disclosure Document, and this particular item requires your signature. Now, we want to explain this to you first. The signature does not bind you in any way at this point in time for acquiring this franchise. All it is is a signature that says you've received the FDD. What's important about this is that it's signed and dated. Once it's signed and dated, the franchisor has to wait 14 days for you to make a decision. Regardless if you read it, signed it …… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 23?Why is Item 23 so important?Any misconceptions about what you are signing in Item 23.📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comGuess what, imagine this, we're going to be covering another item in the Franchise Disclosure Document (FDD), but we promise we are really close to the end. If you've been following along with us through all the Items of the FDD, you're probably worn out by now. The good news, this is a short item. It's item 22.Item 22 of the FDD has to do with overall contracts, and I would call it the disclosure of contracts to you in this particular item. This statement summarizes the whole thing. The franchisor needs only to state a short opening sentence something along the lines of the following agreements/contracts and other required exhibits are attached to this disclosure document in the pages immediately following. So what they're saying is that here's a list of all their agreements/contracts that are going to become part of your overall agreement with that franchisor if you decide to move forward in this particular item. So in short order what it mostly says is you've read the whole FDD … watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 22?Why Item 22 is an important item you review and understandThe general types of contacts/agreements you will find here📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comCan you imagine that there are 23 Items in the Franchise Disclosure Document (FDD). We are closing in on the end covering all the Items, and we are now covering Item 21 which is the financial statements of the franchisor in general.The most important part about this Item is that there are two sets of financial statements that are covered in this particular item of the FDD: one is the statement of cash flows or the income statement for the last three years, and the balance sheet for that same franchisor for the last two years. So Why Are the Franchisor's Financial Statements Important?So a lot of times when you look at them, you're going to see big numbers. Remember, this is not a franchisee. This is not like a one-franchise location type of thing, this is the franchisor with multiple locations under it. So it's not like ...… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 21?Why Item 20 is an important item you review and understandWhat financial statements will you find in Item 21 of the FDDWhat to do once you have reviewed the information in this item📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comHello, everyone! Welcome back to another episode of "What's Your Next." I'm Stacey Riska, your expert franchise matchmaker, here to help you find a business that's a perfect match for you. Today, we have a special guest, Connie Inukai of Write Your Selfie. Connie is not just an author and inventor, but also what we affectionately call a "grandmapreneur." Today, we'll dive into her inspiring story, her inventions, and the businesses she's running. You're in for a treat, so let's get started!Age Is Just a NumberConnie's journey into entrepreneurship began at the age of 70, proving that there's no age limit to pursuing your dreams. She spent 40 years as a technical writing professor at the University of Maryland, inspiring her students to dream big and find their ideal careers. In a unique assignment, she encouraged her students to identify their dream job and create instructional materials for it, sparking creativity and ambition in her classroom.From Technical Writing to InventingAs Connie aged, her eyesight deteriorated, and she faced challenges like reading menus in dimly lit restaurants. To address this problem, she invented "Tip and Split," a handy device equipped with a magnifier, light, and bill-splitting feature. This invention became her first foray into entrepreneurship.A Transition to Retirement and New VenturesConnie's transition from teaching to entrepreneurship came when she realized her students, who started their careers after graduation, would eventually earn more than her. She decided to retire and embark on her entrepreneurial journey. Connie initially struggled with finding the right people to promote her invention but soon took matters into her own hands. She wrote a book titled "How I Got My Product on QVC, The Today Show, The View, and More in Retirement," sharing her tips on gaining visibility and success as an entrepreneur.Writing for Her GrandchildrenDuring the COVID-19 pandemic, Connie paused her Tip and Split venture, as it primarily served the restaurant industry. She shifted her focus to a new project: writing her life story for her grandchildren. Realizing the importance of preserving family history, she created a unique book filled with pictures and captions that share her life experiences and ancestry with her loved ones.Inspiring Others to Write Their Selfie📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comSo we are back on the Franchise Disclosure Document (FDD) looking at item 20 and it’s a doozy. It's a prominent item in that there are a lot of numbers and facts and figures that are covered in this Item regarding the number of units within a franchise being disclosed. In this particular Item, it's not like Item 19 where there's a lot of flexibility in how the numbers and info are presented regarding the operations of their franchises. This one is more regarding the actual number of units in operation and the status of those units. We're going to outline each one of the tables included. There are five tables within this Item, and these tables are going to lay out the different numbering that you're going to see for each of these different five areas that must be covered in Item 20. The first one has to do with the system-wide summary of the net change of both franchised and company-owned outlets in the last three fiscal years. Item 20 is going to comprise of five tables and every franchise must follow the same lineage of how these tables are structured. In Item 19, when you're talking about money, it's a little bit more flexible. Item 20 is not flexible, and table one compares franchise units versus company-owned units. This can be really insightful …… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 20?Why Item 20 is a super important item you review and understandThe 5 tables that generally make up Item 20 of the FDDWhat each table graphically meansWhat are some of the trends to look for in these tables/charts📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comFor those of you who have been following us along, we're going back to the Franchise Disclosure Document (FDD) and we're covering the granddaddy of all the Items (of the FDD), which is Item 19. We're gonna learn what is Item 19, and why is it important and give you some advice on how to follow up on Item 19 if you're evaluating a franchise. What is Item 19 from a 10,000-foot view?Item 19, it's the biggie, it's the big kahuna. Item 19 is financial performance representations. And this answers the question that every single candidate asks us, which is, how much money can I make? Item 19 directly covers the revenue side of the equation.Why Item 19, it’s essential that you understand what it is, where it is, and what it means. So when a candidate starts looking at Item 19 of the FDD, the financial representations, here's the thing, every single franchise that you look at this is going to be presented differently. There's no one set format for how to present the Item 19 financial representations. That's why you really need to understand what it covers which is how franchisees in that system are making money. It's NOT A GUARANTEE …… watch/listen to the full episode/podcastWhat’s CoveredWhat is Item 19 from a 10,000-foot view?Why Item 19, it’s essential that you understand what it is, where it is, and what it means.Is Item 19 a mandatory item in a franchise disclosure document?What exactly is included in Item 19?Are there any common exclusions found in Item 19 of the FDD?Additional comments about the FDD Item 19📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

https://www.NextLevelFranchiseGroup.comGreat news … we are not going through the Franchise Disclosure Document in this post, we are actually going to be covering something that you will be exposed to likely if you are investigating a franchise, if the franchise has this opportunity available for you, and that is what is a Multi-unit Franchise.Multi-Unit or Single Unit … That is the Franchise QuestionWe will walk through what a multi-unit franchise is, and how to evaluate a single-unit franchisor versus a multi-unit franchisor. We would like to start by relating it back to our own franchise that we own today, and how we kind of evolved through that process during our franchise early days, and I'll say even in our pre-franchise days. Key considerations that somebody would want to know about and looking at a single-unit franchise onlySo a single-unit franchise is simply one unit, or one territory and for a lot of people looking at franchises, it can be a very smart way to start. It's kind of like dipping your toes in the water …watch/listen to full episode/podcastWhat’s CoveredWhat is a Single-Unit FranchiseWhat is a Multi-Unit FranchiseWhy consider a Multi-Unit FranchiseBenefits of acquiring a Multi-Unit Franchise📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/