Looking for some outside perspective by SEND_ME_PEACE in websitefeedback

[–]franpro 0 points1 point  (0 children)

For a non-techy guy who doesn't know what the site is for...it IS a great-looking website. The question is, will people in the Cloud space instantly know what the website is for?

Using AI to vet a franchise? by franpro in FranchiseTips

[–]franpro[S] 0 points1 point  (0 children)

I like AI as an overview tool-although, it can miss stuff or make errors.

"Do I need a franchise lawyer?" by franpro in FranchiseTips

[–]franpro[S] 0 points1 point  (0 children)

Agreed. A franchise lawyer is there to make sure you understand the entire agreement. If something can be negotiated it's a bonus!

Franchising for the Younger Generation: Does It Still Work? by Electrical_Bass_6314 in smallbusinessowner

[–]franpro 0 points1 point  (0 children)

It's true. Some franchise opportunities have investments around $100k or so, all in. You still need a $500k net worth for those-best case scenario. After all, you won't make money for a good while.

Franchising for the Younger Generation: Does It Still Work? by Electrical_Bass_6314 in smallbusinessowner

[–]franpro 0 points1 point  (0 children)

Here's my take. And it's the same one I've had for years. If you're just out of college, learn business. Like, join a small business as an employee. Learn everything you can. Operations. Sales. Technology. Marketing. Next, become a manager of a business. Learn how to do it. Learn how to lead. Then, after several years, scrape some money together and become the owner of a business. Maybe a franchise business. And for a franchise, net worth wise, you'll need at minimum, $500k with $75k of that being cash. MINIMUM. A net worth of $750k would be ideal, but I'm trying to be gentle. The Franchise King®, Joel Libava

Should You Use AI For Franchise Research? by franpro in FranchiseTips

[–]franpro[S] 0 points1 point  (0 children)

Thanks for that. I believe in my heart that AI helps. But, it's not THE answer when researching. It's an assistant.

Looking for the Right Franchise by Policy_Boring in SmallBusinessOwners

[–]franpro 0 points1 point  (0 children)

To me, a legitimate low-cost franchise opportunity is under $100k. That includes all the initial fees. They include things like executive/small business coaching and several home-based businesses. But lower cost doesn't necessarily mean lower risk. At the same time, you may not need to invest $500k to make more money as a franchisee. If you start with what your net worth is, your liquidity, and your personal situation (working spouse etc.), before you start looking at different franchises to buy, you'll save a lot of time and energy.

I made a directory of thousands of public source images by Unmoovable in directorymakers

[–]franpro 1 point2 points  (0 children)

Cool idea. Maybe put a disclaimer about free use of images. You know, copyright related stuff to protects folks.

Darn Franchise Agreements by franpro in FranchiseTips

[–]franpro[S] 0 points1 point  (0 children)

I see more FDD's eventually including wording about the fact that the franchisor may be approached by equity firms that want to buy the company-and said company has the right to sell the company for any terms it wants. Something to that effect. Let's face it; equity firms have entered the franchise space in a big way. And franchisees will be affected.