Dr. Tom DuFore is a franchise expert and CEO of Big Sky Franchise Team, an award-winning consulting firm helping entrepreneurs franchise their businesses. He has consulted with or advised more than 700 franchisors over the last 20 years. He also hosts the Multiply Your Success podcast.
Top 3 Value Bombs:
1. Franchising lets you have economies of scale as you grow. You're able to get discounts with current vendors, suppliers and start providing your franchisees with better supplier pricing than they would otherwise have independently.
2. Make sure that you're working with someone that can help guide you through the process. It helps shorten the learning curve and gets you set up and running faster and avoiding a lot of these common mistakes that come along the way.
3. Franchising becomes that confidence elixir for a perspective or budding entrepreneur that maybe is a little too scared to start the business on their own or they would prefer to join with a network or a system that has proven model that they can learn, take and execute.
Afraid to Start Your Franchise? Overcome Your Fear with Knowledge. Get a copy of Dr. Tom’s book! - 9 Pitfalls
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