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John Franklin (https://twitter.com/johnisbuilding?la...) is joined by special guests, Mark Fisher (@markfisherhumanbeing) and Stu Brauer (https://www.instagram.com/wtfgymtalk/?hl=en), to talk about the risks associated with franchising. They highlight why understanding these risks is important and how making the wrong choices can lead to heavy financial losses.
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Show Notes:
(00:00) Intro
(0:45) What's going on with Xponential Fitness?
(7:34) Becoming a franchisee
(10:49) What is the Federal Disclosure Document?
(12:23) Benefits of franchising
(20:51) Financial perks of franchising
(24:54) Risks of franchising
(35:02) Key factors for success in franchising
(38:59) How to choose a good concept
(52:15) Other franchising red flags
(57:12) Can you turnaround an underperforming franchise?
(1:00:22) Where to go if you want to find Mark and Stu