Jan 3, 2023
There are many business models, each built on a specific premise. If, as an entrepreneur, you want a recession-proof business model, you may want to go into real estate. However, if you want a business with time-tested systems that guarantee profits from the first day, you must choose a franchising model.
In franchising, an entrepreneur sells the rights to market and sell their products or services within a certain territory to independent business owners (franchisees) for a set period of time. The franchisor also provides the necessary training, equipment, and management to the franchisee to use their system, who in return pays royalties or license fees for the right to represent the franchisor's products.
If this business model excites you, David Weaver has some entrepreneur motivation tips and strategies for that cause. This podcast is for entrepreneurs like you who want to find their freedom, control their futures, and fuel their vision through franchise ownership.
David Weaver has a diverse and comprehensive background to draw on as a franchise expert and a FranChoice consultant. Having honed his business skills in a variety of ways, he now looks forward to sharing his knowledge and experience with others. His intimate knowledge of franchise systems, years of interaction with franchise candidates before and after they opened for business, and personal experience investing in Franchise Assets with his wife, Ann Marie, offers David a true understanding of what works and what doesn’t in franchising.
Key Highlights From The Show:
[00:01] Episode intro and a quick bio of the guest; David Weaver
[02:56] David’s backstory and what he has been doing in his space
[07:06] Largest franchise brands in the world apart from McDonald's
[08:15] What makes the franchising business model work?
[11:00] When should you go for a franchise instead of starting something new from scratch?
[18:20] Ways through which franchisors make money
[19:44] Is it wise to buy or start a franchise business in the current market condition?
[23:00] What does it mean to be an entrepreneur, according to David
[25:25] Key entrepreneur lessons David has learned along his journey
[28:58] The current failures of startup founders
[32:31] How to reach out and connect with David
[33:08] Ending the show and call to action
Notable Quotes:
- There are over 4,000 companies in the US alone selling franchises.
- Many people are manipulative because they have needs and do not know how to address them.
- When you buy a franchise, you reduce the time you would take to build successful systems.
- Every entrepreneur who aspires to succeed must do two things. They must find and attract quality customers and get them to want to come back over and over again. Also, they have to find quality employees that do excellent work in driving the customer experience.
- The joy of entrepreneurs is knowing that they are unemployable.
Connect With David Weaver:
Website: https://franchiseyourfreedom.com/
Twitter: https://twitter.com/FranchiseFree1
LinkedIn: https://www.linkedin.com/in/daviddweaver
YouTube: https://www.youtube.com/channel/UChMUeVCexUlp4CegJRb54Tg
-----
Get my FREE ebook > https://www.laurentnotin.com/get-my-ebook