Zero to CEO: The Path to Franchise Ownership with Greg Mohr
In the episode of Zero to CEO, I have the pleasure of talking to Greg Mohr, a WSJ Bestselling Author and the brain behind Franchise Maven®, as we delve into the intricacies of franchise ownership. Greg outlines a straightforward, three-step process designed for budding entrepreneurs eager to kickstart their business ventures without the overwhelming burden or the paralyzing uncertainty that often accompanies such undertakings. This episode is a treasure trove of insights, offering guidance on how to embark on the franchise owner path, understanding the trade-offs between time and monetary investments across various engagement levels from full time to semi-absentee or even absentee ownership. We discuss the critical pitfalls to avoid when selecting a franchise, explore the different types of franchise structures including single, area developer, and master developer options, as well as the growth strategies whether vertical or horizontal. Additionally, we delve into the various ways of financing your franchise, from 401K rollovers and SBA loans to other financial avenues, ensuring you have the knowledge to make your franchising journey as smooth and successful as possible.
Listen to the Podcast episode here:
Or Watch the Video here: