It's not likely that you will be able to create a million pounds or dollars before lunch, but it is important to plan ahead.
One of the most important things to consider is getting out of your business. It might seem strange, but it will definitely help you set up right from the start!
It's something that we discuss with our latest guest, Michael Bohan Managing Director of Franchise Resales UK, who has helped many franchisees plan their exit strategies.
We also chat about:
Not knowing what to do in your career
Valuating a business
Selling a franchise
Reasons why a franchisee sells their business
The benefit of exit plans to franchisors
Planning an exit strategy
What type of business to buy to gets the returns you want
Spotting a good business to buy
The type of buyer franchisors are looking for
You can find Michael on LinkedIn here - https://www.linkedin.com/in/michaelbohan/ and his business Franchise Resales UK here - https://www.franchiseresales.co.uk/
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For more insights into the franchising world check out The Franchised at - www.thefranchised.com
This episode was powered by Cymphony.
Cymphony is a premium communications provider with services available to you that include a telephone answering service, managed live chat, and virtual personal assistants with your customer relationship building at its heart.
Visit www.cymphony.co.uk/disenfranchised to find out more about Cymphony and the services they offer to franchised businesses.