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What's Your Next?

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Providing great information to help aspiring Entrepreneurs transition out of their current business or corporate job into another business or franchise.

Location:

United States

Description:

Providing great information to help aspiring Entrepreneurs transition out of their current business or corporate job into another business or franchise.

Language:

English

Contact:

240-388-9800


Episodes

The ROI Blueprint: Navigating Financials to Spot a Winning Franchise

3/19/2024
Diving into the world of franchising can be both exciting and overwhelming. With thousands of options available, how do you choose the right one? The key lies in understanding the Return on Investment (ROI) and other crucial factors that contribute to a franchise's success. Here's a simplified guide to help you navigate through the financials and spot a winning franchise. Key Takeaways: Understanding ROIROITypes of Franchisesowner-operator, semi-passive, or invest in a passive modelInitial Investment vs. Long-Term SuccessExpenses and RevenueTurnkey Operations and SupportChoosing the right franchise involves a careful analysis of ROI, understanding the different franchise models, and considering your personal goals and lifestyle. By using the provided insights and evaluating both the financial and non-financial aspects of a franchise, you can make a more informed decision that aligns with your vision of success. Remember, the best franchise opportunity is one that not only promises a good return on investment but also fits your personal why and supports your long-term goals. 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:12:39

Avoid the Pitfalls: Essential Insurance Tips for New Entrepreneurs!

3/11/2024
Insurance is often a topic many shy away from, but for aspiring business owners, it's an essential aspect of ensuring the longevity and security of your venture. Here are some key takeaways from this in-depth interview with insurance expert Nicolas “Nico” Lares: Insurance is a Must for Business OwnersThe Journey into InsuranceUnderstanding Business InsuranceTypes of Business InsuranceThe Role of an Insurance BrokerChoosing the Right InsuranceInsurance as Your Business GrowsInsurance might not be the most exciting aspect of starting a business, but with the right guidance and understanding, it can be a crucial tool in protecting your dream. Whether you're just starting out or looking to expand, taking the time to understand and invest in the right insurance coverage can save you from future headaches and financial strain. Contact Nicolas Lares: Email: Nicolas@Fortsure.com Phone: 1-(954) 324-3112 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:31:19

Crack the Code: Unveiling the Secrets of Franchise ROI

3/5/2024
https://www.NextLevelFranchiseGroup.com Discovering the potential return on investment (ROI) in franchising can seem daunting, but it's crucial for aspiring and current franchisees. This blog post simplifies the concept of franchise ROI, making it easy to understand and evaluate for anyone looking to invest in a franchise. Key Takeaways: -Understanding ROI: ROI is a critical factor when evaluating a franchise opportunity. It helps determine the potential return on your investment compared to other investment options. -Investment vs. Purchase: Viewing a franchise as an investment rather than a mere purchase shifts your mindset towards long-term financial planning and success. -Franchise Disclosure Document (FDD): The FDD is your go-to document for understanding the costs (Item 7) and potential revenues (Item 19) associated with a franchise, crucial for calculating ROI. -Costs to Consider: Initial investment includes franchise fees, training, marketing, technology fees, and equipment costs. -Revenue Insights: Understanding how to make money, including average ticket sales and operational expenses, is key to projecting your ROI. -ROI Calculation: A simple formula to calculate ROI is net profit divided by initial investment, multiplied by 100. -Due Diligence is Key: Success in franchising is not guaranteed. Thorough research and understanding of the numbers are essential. -Misconceptions and Tips: It's important to understand that ROI calculations can vary and should include all potential expenses and revenues for accuracy. Important Time Stamps: 00:53 - The significance of ROI for franchisees 01:31 - The difference between buying and investing in a franchise 02:20 - Evaluating ROI and investment considerations 02:59 - Understanding costs with the FDD 03:37 - Exploring revenue opportunities and calculations 05:33 - Addressing misconceptions and emphasizing due diligence Franchise ROI doesn't have to be a complex puzzle. By understanding the basics of investment, costs, and revenue, along with utilizing tools like the FDD and ROI calculators, you can make informed decisions about your franchise investment. Remember, success requires thorough research and a clear understanding of your financial projections. Stay tuned for more insights and tools to help you navigate the world of franchising effectively. 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:12:46

Unlocking Success in Franchising: Beyond Familiarity

2/22/2024
https://www.NextLevelFranchiseGroup.com Previous Funding Video https://www.youtube.com/watch?v=VtWr3_-MSog Diving into the world of franchising can be an exhilarating journey toward business ownership. Yet, many aspiring entrepreneurs hesitate, bogged down by misconceptions about the need for industry experience. In this concise, bullet-pointed blog post, we debunk the myth that familiarity is a prerequisite for franchise success, drawing insights from the enlightening podcast episode of "What's Your're Next." Key Takeaways: Familiarity MisconceptionSuccess Without ExperienceFranchisor SupportPeer LearningDue Diligence is Key Simplified Insights: No Need for ExpertiseFranchisor's RoleCommunity AdvantageMatchmakingSuccess FormulaEmbarking on a franchise venture without prior industry experience isn't just possible; it's a path many successful franchisees have traversed. By focusing on the strengths of the franchising model—structured support, a proven business model, and a community of peers—entrepreneurs can overcome the familiarity b 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:08:17

Warning: Are You Losing Sleep Over Franchise Funding

2/1/2024
https://www.NextLevelFranchiseGroup.com Title: "Unlocking Franchise Success: Navigating the World of Funding" Key Takeaways from the Podcast: Franchise Funding BasicsUnderstanding Franchise CostsFunding OptionsHow Much Money Do You NeedAvoiding UndercapitalizationFinal Tips on FundingVideo Timestamps: 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:07:50

Join The Fastest Growing Painting Franchise - That 1 Painter

1/23/2024
Would you like to own a business that's SIMPLE, PROFITABLE and provides done-for-you MARKETING and CALL CENTER SUPPORT? 🤩 Watch the replay of our webinar featuring That 1 Painter franchise - the fastest growing painting franchise! 🖌️ You might be thinking "I'm not a painter." "I don't see myself owning a painting business." AWESOME! Because you DO NOT need any prior painting experience and once you see what a lucrative opportunity this is, you'll be clamoring to know if it's available in your area. Why You Can't Afford to Miss This Replay: 🌟 Discover the Secret Sauce: Uncover the unique strategies that make That 1 Painter a market leader and how you can ramp up quickly to dominate your area. 🚀 Skyrocket Your Success: Learn how That 1 Painter supports you with marketing, advertising, call center and followup support. You'll love the freedom and flexibility this franchise gives you so you can focus on being a leader in your community and building a profitable business. 💼 Business Made Simple: Get a sneak peek into our foolproof business model that's as easy to follow as a paint-by-numbers kit! 🤝 Community & Support: Learn about the robust support network that ensures you're never painting alone. 💡 Innovation at Its Best: Find out how we stay ahead of the curve in a competitive market. Spoiler alert: it's not just about the paint! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:27:30

Fear, Funding and Familiarity - The 3 F’s That Keep People From Pursuing Business Ownership - Part 1: Fear

1/10/2024
https://www.NextLevelFranchiseGroup.com The 3 F’s That Keep People From Pursuing Business Ownership - Part 1: Fear In the world of franchising, fear is a common but conquerable obstacle. Here's a concise, bullet-point summary of key insights from the "What's Your Next" podcast episode on tackling fear when buying a franchise: Defining FearCommon FearsPersonal Experience from HostsOvercoming FearsAdditional AdviceThe episode highlights that fear, while natural, should not be a barrier to pursuing franchise ownership. These fears can be managed and overcome with the right approach, education, and mindset. Stay tuned for more on funding and familiarity in franchising! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:08:35

Unlocking the Potential: The Best Franchises for Aspiring Business Owners

1/1/2024
https://www.NextLevelFranchiseGroup.com Hot Topic for Aspiring Business Owners: Exploring the best franchises to own, following up on our discussion about various business types. Choosing the Right Franchise: Key criteria include profitability, strong support, a proven system, and a solid brand reputation. Top Franchise Categories: Starting Your Franchise Journey: Identifying a Good Franchise: To find the best franchise, consider industry trends, the franchise's support system, and conduct in-depth research. Working with experts like us can lead you to the business of your dreams. 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:11:12

Choosing Your Path to Business Ownership: Starting from Scratch, Buy Existing Business, or Franchising

12/14/2023
https://www.NextLevelFranchiseGroup.com Are you dreaming of escaping the corporate nine-to-five grind and starting your own business? If so, you're in the right place! In this episode of "What's Your Next?" Dave and Stacey Riska, a husband-and-wife franchising duo, discuss the various options for business ownership and the pros and cons of each. Let's break it down in a simple, skimmable format: Three Paths to Business Ownership: ProsConsProsConsProsConsUnderstanding the Risks: Key Consideration: Your "Why" Dave and Stacey's Example: Closing Thoughts: business ownershipRemember, the journey to business ownership is exciting, but understanding your motivations and the potential risks is crucial. Whether you're starting from scratch, buying an existing business, or exploring 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:10:47

From Service to Success: A Military Couple's Journey into Franchise Ownership

11/29/2023
Are you dreaming of owning your own business but not sure where to start? Janna and Peter, a husband-wife duo, share their inspiring journey from military service to successful franchise ownership in this episode of “What’s Your Next”. They worked with Franchise Dream Matchmaker Stacey Riska to find the perfect business opportunity, and their story is a testament to the possibilities that await when you take that entrepreneurial leap. Here’s their story, summarized for easy reading: Background: Seeking Change: Transferable Skills: Entrepreneurial Dreams: Starting the Journey: The Franchise Option: Exploring Franchise Opportunities: Market Research: Concerns and Doubts: The Decision: Zoomin’ Groomin’ mobile pet groomingThe Timeline: 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:35:30

What are Some of the Key Benefits of Franchise Business Opportunities

11/29/2023
We're going to cover something which is when you are taking a deep dive into the world of business ownership one of the very best ways and most exciting avenues for entrepreneurship is franchise business opportunities. We are going to discuss what are some of the key benefits of franchise business opportunities So a lot of people have misconceptions about it because they think, ooh, franchise, right? McDonald's, Wendy's, Burger King; it's all french fries and fast food. So here are some fun stats to start off our discussion today. How many different franchise concepts do you think there are? There are 4,000 plus out there And how many people do franchises employ? More than 8 million people. And what about veterans? They're big on getting into franchising. How many franchises are veteran-owned? One out of every seven franchises is veteran-owned. What are some of the key benefits of franchise business opportunities? Generally, when people are looking at a franchise opportunity, it's because they're looking to make a change and they want a business that's going to be stable, can provide income, freedom and flexibility. But what is a franchise? … watch/listen to the full episode/podcast What’s Covered franchise business opportunitiesexploring franchise opportunitiesfranchise business opportunities📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:09:40

50 Shades of Opportunity Owning A Black Optix Tint Franchise

11/8/2023
Are you ready to seize an amazing opportunity where you can own an in-demand tinting and auto-styling business? Watch the replay of this electrifying webinar, "Shades of Opportunity: Discover Black Optix Tint Franchise Ownership," where we'll unveil how you can own this solid franchise business. The Black Optix Tint Difference Franchise Triumph Secrets:Forge Your Own Path:Personalized Guidance and Support: Don't miss this replay event! Prepare to be captivated by what you learn. This just may end up being the business of your dreams! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:38:45

Do I Really Have to Sign the Franchise Disclosure Document Item 23?

10/11/2023
https://www.NextLevelFranchiseGroup.com We are so excited because we finally reached the review of the final item of the Franchise Disclosure Document (FDD). If you've been hanging in there with us, we know this is a lot of information, but it's worth understanding the FDD and what you are agreeing to. If you've reviewed this information and looked this over in-depth and learned about the different items of the FDD, then you are going to most likely make a much better decision about your perfect choice of a franchise. Item 23 - The Receipt What they mean in general is receipt of the Franchise Disclosure Document, and this particular item requires your signature. Now, we want to explain this to you first. The signature does not bind you in any way at this point in time for acquiring this franchise. All it is is a signature that says you've received the FDD. What's important about this is that it's signed and dated. Once it's signed and dated, the franchisor has to wait 14 days for you to make a decision. Regardless if you read it, signed it … … watch/listen to the full episode/podcast What’s Covered 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:05:39

The Entire Franchise Deal - FDD Item 22

10/6/2023
https://www.NextLevelFranchiseGroup.com Guess what, imagine this, we're going to be covering another item in the Franchise Disclosure Document (FDD), but we promise we are really close to the end. If you've been following along with us through all the Items of the FDD, you're probably worn out by now. The good news, this is a short item. It's item 22. Item 22 of the FDD has to do with overall contracts, and I would call it the disclosure of contracts to you in this particular item. This statement summarizes the whole thing. The franchisor needs only to state a short opening sentence something along the lines of the following agreements/contracts and other required exhibits are attached to this disclosure document in the pages immediately following. So what they're saying is that here's a list of all their agreements/contracts that are going to become part of your overall agreement with that franchisor if you decide to move forward in this particular item. So in short order what it mostly says is you've read the whole FDD … watch/listen to the full episode/podcast What’s Covered 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:04:47

Is Your Franchisor Having Financial Difficulties? Find Out in Franchise Disclosure Document Item 21

9/27/2023
https://www.NextLevelFranchiseGroup.com Can you imagine that there are 23 Items in the Franchise Disclosure Document (FDD). We are closing in on the end covering all the Items, and we are now covering Item 21 which is the financial statements of the franchisor in general. The most important part about this Item is that there are two sets of financial statements that are covered in this particular item of the FDD: one is the statement of cash flows or the income statement for the last three years, and the balance sheet for that same franchisor for the last two years. So Why Are the Franchisor's Financial Statements Important? So a lot of times when you look at them, you're going to see big numbers. Remember, this is not a franchisee. This is not like a one-franchise location type of thing, this is the franchisor with multiple locations under it. So it's not like ... … watch/listen to the full episode/podcast What’s Covered 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:04:47

Becoming a Grandmapreneur: Never Too Late to Chase Your Dreams

9/26/2023
https://www.NextLevelFranchiseGroup.com Hello, everyone! Welcome back to another episode of "What's Your Next." I'm Stacey Riska, your expert franchise matchmaker, here to help you find a business that's a perfect match for you. Today, we have a special guest, Connie Inukai of Write Your Selfie. Connie is not just an author and inventor, but also what we affectionately call a "grandmapreneur." Today, we'll dive into her inspiring story, her inventions, and the businesses she's running. You're in for a treat, so let's get started! Age Is Just a Number Connie's journey into entrepreneurship began at the age of 70, proving that there's no age limit to pursuing your dreams. She spent 40 years as a technical writing professor at the University of Maryland, inspiring her students to dream big and find their ideal careers. In a unique assignment, she encouraged her students to identify their dream job and create instructional materials for it, sparking creativity and ambition in her classroom. From Technical Writing to Inventing As Connie aged, her eyesight deteriorated, and she faced challenges like reading menus in dimly lit restaurants. To address this problem, she invented "Tip and Split," a handy device equipped with a magnifier, light, and bill-splitting feature. This invention became her first foray into entrepreneurship. A Transition to Retirement and New Ventures Connie's transition from teaching to entrepreneurship came when she realized her students, who started their careers after graduation, would eventually earn more than her. She decided to retire and embark on her entrepreneurial journey. Connie initially struggled with finding the right people to promote her invention but soon took matters into her own hands. She wrote a book titled "How I Got My Product on QVC, The Today Show, The View, and More in Retirement," sharing her tips on gaining visibility and success as an entrepreneur. Writing for Her Grandchildren During the COVID-19 pandemic, Connie paused her Tip and Split venture, as it primarily served the restaurant industry. She shifted her focus to a new project: writing her life story for her grandchildren. Realizing the importance of preserving family history, she created a unique book filled with pictures and captions that share her life experiences and ancestry with her loved ones. Inspiring Others to Write Their Selfie 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:35:54

Is Your Franchise Closing Locations ... Find Out in Item 20

9/14/2023
https://www.NextLevelFranchiseGroup.com So we are back on the Franchise Disclosure Document (FDD) looking at item 20 and it’s a doozy. It's a prominent item in that there are a lot of numbers and facts and figures that are covered in this Item regarding the number of units within a franchise being disclosed. In this particular Item, it's not like Item 19 where there's a lot of flexibility in how the numbers and info are presented regarding the operations of their franchises. This one is more regarding the actual number of units in operation and the status of those units. We're going to outline each one of the tables included. There are five tables within this Item, and these tables are going to lay out the different numbering that you're going to see for each of these different five areas that must be covered in Item 20. The first one has to do with the system-wide summary of the net change of both franchised and company-owned outlets in the last three fiscal years. Item 20 is going to comprise of five tables and every franchise must follow the same lineage of how these tables are structured. In Item 19, when you're talking about money, it's a little bit more flexible. Item 20 is not flexible, and table one compares franchise units versus company-owned units. This can be really insightful … … watch/listen to the full episode/podcast What’s Covered 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:14:15

The Granddaddy of the Franchise Disclosure Document - Item 19

8/15/2023
https://www.NextLevelFranchiseGroup.com For those of you who have been following us along, we're going back to the Franchise Disclosure Document (FDD) and we're covering the granddaddy of all the Items (of the FDD), which is Item 19. We're gonna learn what is Item 19, and why is it important and give you some advice on how to follow up on Item 19 if you're evaluating a franchise. What is Item 19 from a 10,000-foot view? Item 19, it's the biggie, it's the big kahuna. Item 19 is financial performance representations. And this answers the question that every single candidate asks us, which is, how much money can I make? Item 19 directly covers the revenue side of the equation. Why Item 19, it’s essential that you understand what it is, where it is, and what it means. So when a candidate starts looking at Item 19 of the FDD, the financial representations, here's the thing, every single franchise that you look at this is going to be presented differently. There's no one set format for how to present the Item 19 financial representations. That's why you really need to understand what it covers which is how franchisees in that system are making money. It's NOT A GUARANTEE … … watch/listen to the full episode/podcast What’s Covered Item 19Item 19 of the FDD📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:14:46

Multi-Unit or Single Unit … That is the Franchise Question

8/2/2023
https://www.NextLevelFranchiseGroup.com Great news … we are not going through the Franchise Disclosure Document in this post, we are actually going to be covering something that you will be exposed to likely if you are investigating a franchise, if the franchise has this opportunity available for you, and that is what is a Multi-unit Franchise. Multi-Unit or Single Unit … That is the Franchise Question We will walk through what a multi-unit franchise is, and how to evaluate a single-unit franchisor versus a multi-unit franchisor. We would like to start by relating it back to our own franchise that we own today, and how we kind of evolved through that process during our franchise early days, and I'll say even in our pre-franchise days. Key considerations that somebody would want to know about and looking at a single-unit franchise only So a single-unit franchise is simply one unit, or one territory and for a lot of people looking at franchises, it can be a very smart way to start. It's kind of like dipping your toes in the water … watch/listen to full episode/podcast What’s Covered 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:11:41

You Can Own A Business Of Caring: How Right At Home Franchise Is Transforming Lives and Bottom Lines!

7/20/2023
Are you ready to make a difference while building a thriving business? Watch the replay of this webinar as we unveil the incredible world of Right At Home Franchise, where compassion meets entrepreneurship. Here's what you'll learn during this exciting event: Find your path to success: Understand the step-by-step process of becoming a part of the Right At Home Franchise family and creating a legacy of care. Don't miss this opportunity to explore a business that combines profitability with purpose! Listen to this replay now to learn how you can have a rewarding future with Right At Home Franchise. Be the change, make an impact, and learn how you can own a business of caring with Right At Home Franchise! 📚 [Resources] 📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU? https://www.nextlevelfranchisegroup.com/whats-your-perfect-franchise-quiz 💰 FREE FRANCHISE INVESTMENT CALCULATOR https://www.nextlevelfranchisegroup.com/franchise-investment-calculator 📖 FREE E-BOOK: THE ROADMAP TO BUYING A FRANCHISE - IN 9 EASY STEPS https://www.nextlevelfranchisegroup.com/files/the-roadmap-to-buying-a-franchise-in-9-easy-steps.pdf 📰 TONS OF ADDITIONAL RESOURCES AND CONTENT https://www.nextlevelfranchisegroup.com CONTACT US 👍https://www.NextLevelFranchiseGroup.com/contact 📰https://www.linkedin.com/company/next-level-franchise-group/

Duration:00:38:02