On this episode, Melinda Emerson is joined by Dr. Robert A. Needham to discover overcoming financial slavery and concern in entrepreneurship. They focus on the benefits and drawbacks of franchising and spotlight the significance of sustaining a excessive gross margin in enterprise. Dr. Needham shares his greatest enterprise recommendation, offering listeners with helpful insights for navigating the entrepreneurial panorama.
Dr. Robert A. Needham, JD, is a seasoned government with greater than over 35 years as a enterprise and franchise government and President, Collaborative Franchise Methods, LLC He’s usually called-on as an skilled in enterprise, franchising, forensic evaluation, and know-how. He has been a franchisor in franchise consulting, diet and health, cellular meals truck, and connoisseur pet food. He has suggested in additional than 90 totally different franchise segments and tons of of manufacturers inside the trade. At the moment, he focuses on service primarily based franchises with excessive return of funding potential. For extra info:
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This week on SmallBizChat Podcast:
Financial slavery is when people work for another person who determines their worth, limiting their monetary freedom and private development.
Franchising affords a center floor between being an worker and an entrepreneur, offering a confirmed enterprise system, model recognition, and coaching whereas mitigating some dangers related to beginning a brand new enterprise.
Excessive-gross-margin service-based franchises may be extra worthwhile than product-based franchises, with examples together with senior care companies, pickleball court docket resurfacing, and training packages.
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