In this episode, Janice Durant from New Trails Business Consultants discusses her journey in the franchising world, the intricacies of transitioning from corporate life to business ownership, and the various aspects of franchise ownership. She emphasizes the importance of understanding one’s motivations, the financial implications, and the support systems available for aspiring franchise owners. Janice also shares insights on the role of a franchise consultant and the community aspect of franchising, highlighting how local ownership can have a positive impact on communities.
Key Takeaways
- New Trails Business Consultants helps individuals transition from corporate to business ownership.
- Franchising offers a wide range of industries and opportunities.
- Understanding the ‘why’ behind wanting to own a business is crucial.
- Franchise ownership requires a unique blend of entrepreneurial spirit and willingness to follow established processes.
- There are significant costs associated with starting a franchise, including licensing and operational fees.
- Janice’s experience in franchising spans over 20 years, providing her with valuable insights.
- The importance of timing and personal circumstances when considering franchise opportunities.
- Franchise consultants provide essential support and guidance throughout the process.
- Community and support networks are vital for franchise owners.
- Franchising can be a pathway to personal and financial freedom, positively impacting local economies.
Chapters
00:00 Introduction to New Trails Business Consultants
01:55 Navigating the Franchise Landscape
05:46 Understanding Franchise Ownership
09:22 Janice’s Journey in Franchising
13:17 Challenges of Starting a New Business
16:04 Financial Considerations in Franchising
18:43 The Importance of Timing and Fit
22:32 The Role of a Franchise Consultant
26:33 Community and Support in Franchising
29:09 Conclusion and How to Connect
More information:
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