Understanding the Business of Franchising with Ben Terrill
Two Quants and a Financial PlannerOctober 16, 202300:53:04

Understanding the Business of Franchising with Ben Terrill

In this episode, we look at the basics of franchising with FranNet's Ben Terrill. We discuss the types of businesses that can be setup via franchising, the pros and cons of the model vs. setting up a traditional business and how the economics work. We also talk about how starting a franchise can fit into a traditional financial plan.

#franchising

00:00 - Intro
04:09 - The changing nature of work
09:48 - The types of businesses that can be franchised
12:30 - How the Franchise model works
18:13 - Owner operator vs. semi-absentee franchises
23:25 - The pros and cons of the franchise model vs. a traditional business
29:14 - The upfront costs of franchising
34:26 - The payback period of franchises
37:49 - The marketing of franchise businesses
40:41 - The failure rates of franchises vs. traditional businesses
42:33 - Thinking about franchises from a financial planning perspective
48:06 - The ROBS program

ABOUT THE PODCAST
Learning how to be a financial planner is one thing. Doing it is another. Follow along with new financial planners Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau) as experienced veteran Matt Zeigler (@cultishcreative) helps them navigate the complex world of financial planning and learn about the most important topics that impact all of our financial futures. From investments to retirement to college planning to estate planning to insurance and beyond, we will cover the major financial planning issues that impact all of our lives and will provide a framework to help investors tackle them. We hope you will join us on our learning journey.

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