Watch as Kim Daly breaks down the different types of fees associated with franchising and explains why these "evil fees" are not as daunting as they seem. She explains the value that these fees bring to a franchisee, from initial training to ongoing support and brand recognition.

Kim addresses the two primary fees in franchising: the franchise fee and the royalty. She explains that the franchise fee is a one-time payment granting access to the franchisor's business model, training, and support. The royalty, an ongoing fee based on a percentage of gross sales, is crucial for the franchisor's success and continued support.
This video is a must-watch for anyone considering the franchise path, as it dispels myths and provides a clear roadmap for evaluating franchise opportunities.

Also in this video:
* Learn about the two main fees in franchising—the one-time franchise fee and the ongoing royalty fee—and what you get in return for these payments.
* Discover why franchisees find value in these fees by providing structure, support, and scalability, which are often unattainable for independent entrepreneurs.
* The importance of speaking with existing franchisees and thoroughly understanding the franchisor’s model before making a decision.
* Higher royalty percentages can indicate more profitable and well-supported business models, contrary to popular belief.
* Insights from former independent business owners who affirm the benefits of franchising over starting a business from scratch.

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Timestamps:
0:00 Understanding Franchise Fees and Their Value
4:20 Understanding Franchise Fees and Royalties
8:03 The Value of Higher Royalties in Franchise Businesses
11:52 Understanding Franchise Disclosure Documents and Their Limitations
13:43 Understanding Franchise Fees and Marketing Costs
15:31 Balancing Expenses and Revenue for Business Success
16:04 Evaluating Franchise Royalties and Business Growth Potential
17:56 Free Franchise Consulting and Coaching Services Explained

#franchising #franchiseconsultant #franchise #beyourownboss #bossup #investmentopportunity #alternativeinvestment #entrepreneurship #2024investment

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