How To Choose the Right Franchise | The Advantages of Buying a Franchise

Published: July 30, 2020, 10 a.m.

In this episode, we update you on the franchise, Smash My Trash, that Keith brought in January of 2020. It’s been live for a week, and we share the revenue growth we’ve seen. We explain the main advantages of franchising, including lowering risk by having proven business models available for you to follow. We also talk about the advantages of a major franchise’s brand, patented technology, and value around process and industry awareness. We refer you to our previous episode, Franchising | Aaron Bakken, and recommend you find him on LinkedIn to find out more about franchising. We share what Keith has learned about being honest with yourself and your own compatibility with the franchises you consider. We tell you more about Smash My Trash, it’s model and value proposition. It’s value proposition is to save money on a necessary service, and it’s entire employee force consists of a salesperson, drivers, and yourself. If you set it up right, it also has the potential to be a very hands-off endeavor. We discuss how owning a business always has a hard, labor-intensive stage, and how right now we are in that stage with Smash My Trash, as well as our other businesses. We talk about what has and hasn’t worked for us in terms of selling this service to businesses. We finish with an overview of the advantages of franchising.

Finding the Right Franchise -- Lower Your Risk 0:52
What Keith Has Learned About Franchises 6:05
Smash My Trash -- Why It’s a Good Fit For Keith 7:46
Challenges With Sales 13:31

“The process of evaluating franchises is important...I think franchising can provide an opportunity to create wealth -- they’re real businesses that are proven, and have track records, and you can be able to replicate those. That’s the whole model.” 18:58

Reach Out To Keith, Get Help and Resources: https://dincpie.com/