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#WhyFranchise #FranchiseOwner #FranchiseBusiness The Franchising 360 Show hosted by Tim Parmeter & Danielle Wright the husband-and-wife team that will educate you on all things franchising. In this episode they answer Why become a franchise owner, why would you want your business to become a franchisor, and why would you choose to become a franchise owner rather than starting a business from scratch. Air Date 9/13/24 📺 Check out FranCoach's TV show, the Franchising 360 Show, Fridays 8pm EST/5pm PST on the Biz TV Network www.biztv.com 00:00 - Introduction & Welcome 00:24 - Why Franchising? The Three Key Questions 00:40 - Should You Start a Business or Buy a Franchise? 01:20 - The Business-in-a-Box Model Explained 01:59 - The Challenges of Starting a Business from Scratch 02:23 - Case Study: Plumbing Business vs. Franchise Support 03:19 - How Franchising Helps You Scale Your Business 03:40 - How Franchise Marketing & SEO Can Help Your Business Grow 04:15 - Most Franchise Owners Have No Experience in Their Industry 04:35 - Can You Turn Your Existing Business Into a Franchise? 05:15 - Why Franchising is Being in Business for Yourself, Not by Yourself 06:13 - How a Franchise Helps with Hiring & Staffing 07:22 - The Franchise Owner’s Role & Responsibilities 08:09 - How Franchises Help with Training & Business Operations 09:01 - The Power of a Franchise’s Buying Network & Discounts 09:36 - Why Business Owners Turn Their Companies Into Franchises 10:10 - Franchising as a Strategy for National Expansion 11:24 - How Franchisees Often Own More Locations Than Franchisors 11:41 - Why You Should Consider Becoming a Franchise Owner 12:22 - How to Submit Your Franchise Questions to the Show 13:04 - The #1 Reason People Buy Franchises: Freedom & Control 14:00 - The Three F’s of Franchising: Family, Finance, & Fun 14:52 - Overcoming Fear in Franchising & Business Ownership 15:31 - How Franchising Creates Work-Life Balance 16:26 - Real-Life Example: Franchise Owners Stuck on Vacation 16:44 - Why Fear Holds People Back from Owning a Franchise 17:03 - How a Franchise Helps When You’re Struggling 18:04 - Leaning Into Fear & Overcoming the Unknown 19:13 - The Importance of Following a Franchise System 20:05 - Why Franchising is the Best Path to Business Ownership 21:29 - How Franchising Can Turn Dreams into Reality 22:06 - Business Ownership as a Vehicle for Freedom 22:24 - Fun Fact: The Franchise Industry Generates $900 Billion Annually 23:05 - Preview of Next Episode: How to Find the Best Franchise for You 23:22 - Submit Your Questions & Win Franchising 360 Merch 23:37 - Closing Remarks & Next Steps ⭐ INTERESTED IN FRANCHISE OWNERSHIP? Schedule a call with one of our coaches today! FranCoach is connected with over 500 franchises and we walk you through the process of finding the perfect franchise for you. Our services are always free and we commit ourselves to helping you find your better tomorrow. Go to https://www.francoach.net/ to book your call. FOLLOW FRANCOACH: Instagram @yourfrancoach / yourfrancoach and @franchising101podcast / franchising101podcast Twitter: @FranCoach4U / francoach4u Facebook: / francoach4u