February 3, 20214 yr Been gettin that itch as this 8 to 5 stuff wears me down. I know restaurants are much longer hours, but I was in the business all of my life and actually owned one of my own. But,but CTH, if you already owned one, why go the franchise route? Because I'm looking for the easier button. Any stories? Good, bad, nightmares, successes, don't matter. I saw one for a Mac n Cheese chain. didn't dive deep, but wondering if something easy like that could work?
February 3, 20214 yr 13 minutes ago, 52-80 said: yer mum did, she called it the Dick Fil A was that before she got into Taco Smell?
February 3, 20214 yr I invested in one of these. It was wildly more profitable than I originally expected.
February 4, 20214 yr I’m not a fan of franchises. Too many strings attached when you might want/need to sell.
February 4, 20214 yr It’s been pretty well covered in this thread Investing in a franchise Edited February 4, 20214 yr by Johnny Chimpo
February 5, 20214 yr Not a fan - at all. Start journaling about things you think make sense for a business, start doing due diligence, take a look at what you know what’s adjacent to what you know, match with a need, uncover risks and solve for them, find others to fill expertise gaps and start something close to your skill set. Start small, don’t go all in, then next thing you know it’s yours and it’s working. Starting and building a business is old fashion work with a strong strategic component. But it’s not magic. Edited February 5, 20214 yr by troph
February 7, 20214 yr I believe there’s a poster on here who works for a company that matches franchises with investors wants and expectations. He had some amazing insight he put on TOS that helped bring things into focus for me, personally. The reality is that it’s an incredible amount of work to be successful. The more hands off you are the more you have to pay for adequate management.
February 7, 20214 yr As an IP guy who has been involved in some franchise disputes, I would offer that the BRAND is all that a franchisor has to sell. That brand had better be worth it. They like to pretend that they are giving you all kinds of business help, a turnkey business if you will, but that tends to be illusory and all the "procedures" you have to follow and items you have to buy bearing the brand just become a needless and expensive hindrance.
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