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These are the BIGGEST Franchising Mistakes | Dave Liniger
Manage episode 398510931 series 3450622
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Welcome to "Ambition and Grit," the podcast hosted by Dave Liniger, where we delve into the dynamic world of franchising. With decades of experience, Dave shares his journey of success, highlighting the triumphs and challenges he faced in the franchising industry.
In this episode, Dave discusses the myths surrounding franchising and emphasizes the importance of careful planning before diving into this competitive market. He explores the factors that contribute to the high failure rate of new franchise owners and provides valuable insights for those considering franchising their business.
Join Dave as he uncovers the secrets of scaling up a successful franchise, addressing essential elements like learning management systems, technology, and the significant costs involved. Discover the critical role of integrity and trust in the franchisor-franchisee relationship and gain a deeper understanding of the various funding options available for aspiring franchise owners.
Whether you're a seasoned entrepreneur or contemplating your first venture into franchising, this episode offers invaluable wisdom and practical advice from a true industry expert.
00:00: Welcome and Introduction
03:02: Scaling Up a Successful Franchise
07:11: Funding Options for Franchisees
10:08: Three Ways to Approach Funding
13:44: The Dirty Secret of Franchising
17:43: The Franchisee-Franchisor Relationship
22:00: Challenges and Opportunities in Franchising
25:19: The Importance of Trust and Integrity
28:45: Franchisor's Mistakes and Constant Improvement
32:20: Innovations in Franchising
36:29: Conclusion and Final Thoughts
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Connect with Dave:
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Website ➡︎ https://daveliniger.com
Facebook ➡︎ https://facebook.com/DaveLLiniger
LinkedIn ➡︎ https://linkedin.com/company/davelinigerofficial/
Instagram ➡︎ https://instagram.com/davelinigerofficial/
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