Careyann Golliver’s Post

Finding a franchise that meets your needs can be difficult. With the help of Franchise Strategy Partners' services, I can help you find the franchise that aligns with your goals, values and level of financial readiness!

Discover the path to financial freedom. Schedule your consultation with Franchise Strategy Partners and chart your course to success.

Effective franchise ownership isn't just about your ability to run a business operation, it's also about inheriting and practicing characteristics that make you successful. Traits like adaptability and financial stability are indispensable for franchisees. Not every aspiring franchise owner is a match for their ideal franchise, and this article is helpful in clarifying what makes franchisees soar. Read more about 4 of the essential qualities that propel franchise owners to success: https://bit.ly/49pCm7H

At FranNet, we have a 4-step process to help clients deeply understand the franchise opportunity. First you will engage in a series of virtual meetings to explore every element of the business and review the Franchise Disclosure Document (FDD). Then you will talk to those already operating within the system to learn about their experiences and whether they'd make the same decision again. The next step would be to go and visit with a franchise company on what they call a discovery day or meeting the team day. Will be able to shake the hands of the owners and of the management team. Look them in the eye and get a feel for their culture to see if it matches with your culture. That's step number three, and then finally step number four, would be to hire some good advisors. This includes a franchise attorney and a CPA to make sure that you understand every element of not only the legal aspect, but the financial aspect of the business. You want to do this before you're ready to reach a final conclusion and a decision whether to move forward or not. These are the four steps necessary to make sure that you minimize the risk that you end up in the wrong business for you. If you want to learn more, reach out to me. I’d be happy to talk to you. #FranchiseSuccess #DueDiligence #BusinessResearch #SmartInvesting

Effective franchise ownership isn't just about your ability to run a business operation, it's also about inheriting and practicing characteristics that make you successful. Traits like adaptability and financial stability are indispensable for franchisees. Not every aspiring franchise owner is a match for their ideal franchise, and this article is helpful in clarifying what makes franchisees soar. Read more about 4 of the essential qualities that propel franchise owners to success: https://bit.ly/49pCm7H

When looking at investing in a franchise, one of the most valuable things you can do is speaking to the other franchisees in the system and understanding what it's like in that system from them. - Are they making the kind of money that they want to make? - Are they feeling successful? - Are they hitting their goals? - How was the training? - How is the support? - Have there been any failures, etc? There's a lot of research that you can do when investigating a franchise because of the amount of information being disclosed to you. You're never going to eliminate all of the risk, but you certainly can mitigate a lot of that risk by doing the proper research. It’s important not to rush or skip any steps when you're going through the franchise investigation process. If you'd like to learn more about doing proper due diligence, please give me a call and let's have a quick conversation. #FranchiseDisclosure #FranchiseDueDiligence #FranchiseInvestigation #BusinessRegulation

If you are selling your franchise business, one of the most important steps is to clean up that profit and loss statement! Your P&L cannot have your children's cars in it, all the times you go to the barbershop or salon, or for that vacation, because it really works against you when making a compelling business case to show that the business is showing a strong cash flow and profitability. I would even say one to two years before you're ready to sell, start developing proper P&L’s that backs out unrelated expenses to reflect the true performance of your business. Otherwise, you will be selling your business at an undervalued price. If you don't do these things, you're going to lose credibility with the buyer from day one when they ask for P&Ls and other financial statements. So if you really want to put your best foot forward in selling your franchise business, make sure to get those ducks in a row. #BusinessSellingTips #FranchiseExitStrategy #PrepareToSell #FranchiseSuccess

Ready to buy a franchise? Make sure you know these three things: 1️⃣ Understand your personal and professional goals 2️⃣ Determine your financial commitment 3️⃣ Identify the skills you bring Preparation is the key to success! Connect with our franchise consultants at Frannet.com today to learn more. #BusinessIndependence #BeYourOwnBoss #FranNet

Ready to buy a franchise? Make sure you know these three things: 1️⃣ Understand your personal and professional goals 2️⃣ Determine your financial commitment 3️⃣ Identify the skills you bring Preparation is the key to success! Connect with our franchise consultants at Frannet.com today to learn more. #BusinessIndependence #BeYourOwnBoss #FranNet