Episodes
Monday Jul 25, 2022
103: Four Motivations to Choose a Franchise with Stacey Marmolejo
Monday Jul 25, 2022
Monday Jul 25, 2022
Stacey Marmolejo is the Principal Owner of the Franchise Prep Academy, where she focuses on teaching military veterans how to explore franchise ownership as a potential post-service career. We talk about the skills that define a great franchise owner, how to find the right franchise to invest in, and the biggest challenges to growing a franchise business.
Timestamps
[00:30] Stacey's entrepreneurial journey
[02:12] Pros and cons of becoming a franchisee
[04:22] Skills that make you a great franchisee
[06:29] Are franchise investors visionary or non-visionary entrepreneurs?
[08:14] Personality traits for successful franchise ownership
[11:25] How to find the right franchise for you to invest in
[14:23] The difference between a franchise coach and a franchise consultant
[15:59] Ways to know if your business is ready to franchise
[21:30] Common franchise myths and realities about growth and success
[24:17] Biggest challenges to growing a franchise business
[25:57] Parting thoughts
Links and Resources
Steve and Greg Cleary's New Book: Pinnacle: Five Principles that Take Your Business to the Top of the Mountain
Get your h0w-to franchise ebooks here
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