The build up to buying a franchise is intense. Gathering up the initial investment alone can take years. What is lost in all the prep is thinking through to the end goal of your plan.
So what is the end goal of your franchise plan? To sell it in 10 years? To buy more franchises? To own it, but not actively manage it? The potential paths you can take are endless, which means at some point you actually have to pick a path to be on.
Lucky for you, I know a guy. Josh Brown of Indy Franchise Law was back on The Pete the Planner Radio Show this week to talk about his area of expertise, franchising. Listen here for all of Josh’s best advice on creating and strategizing your own franchise plan.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.