One of our favorite Franchise Risers is back on the show! Angela Coté returns tto bust a common franchising myth - that franchises are turnkey businesses.
Listen to get truth and to discover why franchises aren’t a “set it and forget it” type of business.
What We Cover* Welcoming Angela Coté and discussing her new role
* Why franchising is NOT turnkey
* Myth #1: You open your franchise and customers just come
* The importance of hard work and grit
* The role of marketing when opening a new franchise
* Myth #2: You won’t spend more than the franchise fee
* Ample working capital is essential
* Myth #3: Once the franchise gets going, it becomes turnkey
* Why you’ve got to stay involved as an owner
* The other side: What franchisors need to know
Resources We Mention* Cultivate Advisors
* Angela’s Facebook Page
* Angela’s LinkedIn Page
* Angela’s Instagram Page
* Email Angela
* Franchise Springboard
Get Inspired by Angela* “You can go along and do the trial and error thing and make expensive mistakes, or you can hire an advisor - somebody that's been in your shoes that can guide you to make the decisions to help move you forward instead.”
* “I get that comparing when it to starting a business from scratch it seems turnkey, but there's just so much more to it.”
* “I'm trying to bust the myth about franchising being turnkey because I think it comes down to having like very realistic expectations from the start about what it takes to be successful.”
#026 - Goodbye Graffiti, Hello Entrepreneurship feat. Goodbye Graffiti USA's Laurie Spivack
#025 - Taking the Leap from Solopreneur to Therapy Franchisee ft. Linda O'Keefe from Thriveworks
#024 - Making the Move from Corporate CFO to Club Pilates Multi-Unit Franchisee ft. Emily Hammett
#023 - Getting Started with a Swim School Franchise ft. Emily Healy from British Swim School
#021 - How to Rock a Home Care Franchise ft. Jennie Bardrick from Radfield Home Care
#019 - How a Community Sales Event Became a Life-Changing Franchise ft. Shannon Wilburn from Just Between Friends
#018 - How to Build a Franchise Brand from the Ground Up ft. Jen Saxton from Tot Squad
#017 - Inside the Journey of Co-Owning a Fit4Mom Franchise ft. Michele Lewis and Sara Mooser
#016 - Why You Need Franchise Sales Systems and Processes ft. Violet Rainwater
#015 - From Mortgage Broker to European Wax Center Franchisee ft. Emily Palmer
#014 - Exiting Corporate, Inspiring Women Entrepreneurs, and Juggling it All ft. Lisane Basquiat
#013 - DNA of a Single Unit Franchisee ft. Angela Coté
#012 - How to Buy a Franchise: An Exploration in the Paths to Franchise Ownership w/ Jane Stein
#011 - Social Media for Franchisees and Franchisors ft. Deb Evans
#010 Buying a Franchise, an Overview of the Sales Process ft. Dan Durney of FranMaster
#009 - New Career as a Cookie Cutters Franchisee ft. Katie Smith
#008 - The Importance of Values, Fit, and Networking in Franchising ft. Aubree Coderre
#007 - 5 Rockstar Questions to Ask When Becoming a Franchisee ft. Angela Coté
#006 - What is a Franchise? ft. Carmen Chavez de Hesse
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