It's not likely that you will be able to create a million pounds or dollars before lunch, but it is important to plan ahead.
One of the most important things to consider is getting out of your business. It might seem strange, but it will definitely help you set up right from the start!
It's something that we discuss with our latest guest, Michael Bohan Managing Director of Franchise Resales UK, who has helped many franchisees plan their exit strategies.
We also chat about:
- Not knowing what to do in your career
- Valuating a business
- Selling a franchise
- Reasons why a franchisee sells their business
- The benefit of exit plans to franchisors
- Planning an exit strategy
- What type of business to buy to gets the returns you want
- Spotting a good business to buy
- The type of buyer franchisors are looking for
You can find Michael on LinkedIn here - https://www.linkedin.com/in/michaelbohan/ and his business Franchise Resales UK here - https://www.franchiseresales.co.uk/
Thanks for listening and if you enjoyed this episode, don't forget to hit the subscribe button for the latest episodes!
For more insights into the franchising world check out The Franchised at - www.thefranchised.com
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This episode was powered by Cymphony.
Cymphony is a premium communications provider with services available to you that include a telephone answering service, managed live chat, and virtual personal assistants with your customer relationship building at its heart.
Visit www.cymphony.co.uk/disenfranchised to find out more about Cymphony and the services they offer to franchised businesses.
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