I have a challenge for you, if youâ€™re up to it. Are you ready?
I want you to ignore every pre-conceived notion you have about franchising for a few minutes. Pretend that itâ€™s your first time learning about the franchise model. Be at one with the newness of it. Deal?
Letâ€™s say that youâ€™re the owner of a dog-training business. Your business has been growing steadily since you started it, 4 years ago. Youâ€™ve hired more people every year, and youâ€™re thinking of expanding, especially since an ideal commercial space recently opened up in an industrial park two suburbs over.
In your mind, nowâ€™s the time to do this, as small business loan rates are at historic lows.
Youâ€™re Just Warming Up
What youâ€™d really like to do is turn your dog-training business into a franchise business. That way, you can continue expanding your business by using other peopleâ€™s money. (OPM)