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Entrepreneurs on Fire
Investing in a Franchise During the Pandemic with Jessica Yarmey: An EOFire Classic from 2021
Nov 19, 2023
28:03
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Jessica Yarmey, CEO of KickHouse, discusses the importance of finding the right business partners and complete commitment to launching a new business. They explore the benefits and challenges of investing in a franchise during the pandemic, emphasizing the power of partnerships and the energy in a franchise system.
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Quick takeaways
- Investing in a franchise during a pandemic provides access to a powerful network and support system to navigate challenges.
- Finding the right partners and like-minded individuals to march towards a common goal amplifies success in the franchise business model.
Deep dives
Investing in a franchise during a pandemic: A contrarian move
Investing in a franchise during a global pandemic may seem risky, but for many entrepreneurs, it's actually a smart move. The franchising model offers a powerful network and support system that can help navigate the challenges of the current times. By being part of a franchise system, entrepreneurs have access to financial relief, guidance on government programs like PPP, and resources that can help them succeed. Additionally, being part of a franchise allows entrepreneurs to tap into a network of like-minded individuals who are all working together to overcome the difficulties unique to the pandemic. Despite the current climate, franchise sales are increasing as people seek to build something entrepreneurial while still having the support and structure of a proven business model.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode