Building a Successful Franchise Empire with Greg Mohr

Business, Bourbon and Cigars

How can entrepreneurs find a thriving franchise fit? How can business owners flip their current business into a franchise?

An expert in franchising, Gregory K Mohr now helps ambitious entrepreneurs and business owners achieve financial freedom through franchising. Greg is also a bestselling author, podcast host, and has twice been named Franchise Consultant of the Year

Join Scott and Greg as they explore:

* How Greg learned from people more knowledgeable than him.

* Coachability and a willingness to follow a system are key qualities for successful franchisees.

* The semi-absentee model for franchisors.

* Greg’s step-by-step guide for investigating franchises.

* Choosing a franchise that aligns with your purpose and values.

* Why prospective franchisees should talk to successful franchisees to gain insights.

* The flexibility of franchise ownership.

* Evaluating franchises by assessing business model, financial requirements, and time commitment.

* Maintaining good relationships with other franchisees.

* Understanding franchise systems.

* Hiring a franchise attorney who is aware of potential issues.

* Financial uncertainty in franchises.

* How Greg connects franchise candidates with potential franchisors.

Thanks to Greg Mohr for being on Business, Bourbon & Cigars.

Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregorykmohr/

Learn more about Greg and Franchise Maven: http://www.franchisemaven.com/

Get Greg’s bestselling book: Real Freedom: Why Franchises Are Worth Considering and How They Can Be Used For Building Wealth: https://amzn.to/3Xn0ggH

Listen to Greg’s Franchise Maven Podcast: https://podcast.franchisemaven.com

BUSINESS, BOURBON & CIGARS

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Chapters in this episode:

(0:02) Franchise ownership.

(6:03) Finding the right people.

(11:10) Franchising insights.

(15:12) Common misconceptions about franchise ownership.

(20:26) Being coachable in franchising.

(25:08) Evaluating franchise opportunities.

(29:24) Franchise due diligence.

(33:38) Franchise financing and vetting process.

(42:15) Scaling a business into a franchise.

(46:22) Business growth and passive income.

(52:24) Franchise opportunities.

This episode was produced by Story On Media & Marketing: https://www.SuccessWithStories.com