Franchising, Your Opportunity to Make Money

Find the Franchise that Works for You

Who should attend?
Anyone interested in franchise ownership or owning their own business, regardless of previous professional experience. Note: this workshop is not ideal for existing business owners who wish to expand their business through franchising

Overview

Owning a business is a major goal for many, but often it never actually comes to fruition. This workshop is designed to highlight the opportunities the franchise business model offers to those looking to be their own boss, financially independent, and who need a strong support system to help them succeed.

The idea of franchising may conjure thoughts specifically of fast food restaurants, but the variety of businesses available runs much, much deeper. Still, there are only some franchise brands that have proven to be successful, not just as a corporation, but for their individual owners as well.

We’ll discuss how franchising works, what makes a good franchise owner, and – everyone’s biggest question – how much money can you make in franchising. We’ll also hear from actual franchise owners on how they found their business and what the experience has taught them about franchise ownership.

At the end of this workshop you will have the knowledge to:

Describe how franchising works and how to identify strong franchise opportunities.
Identify tools for projecting your own finances and income potential in franchise ownership.
List questions to ask franchisors and franchisees about the brand.
Outline how to access and use franchisee satisfaction data.
Conduct a self-assessment to determine if franchising is right for you.
Summarize funding options when starting a franchise business.

Special Take Aways!

Complimentary pre-formatted Excel Spreadsheet to help project financial performance
Feedback and insight, directly from panel of franchise owners

Instructor: Eric Stites
Eric Stites is the founder and CEO of Franchise Business Review, a leading franchise market research and consulting company specializing in franchisee satisfaction and performance. Eric is an active member of the International Franchise Association (IFA), serves on the IFA’s Franchise Relations Committee and speaks on topics related to franchise relations and best practices in franchising.

Panelists include:

David Martin, franchisee of FirstLight Homecare in New York City

Bill McKenna, area developer for HomeVestors of America in NY/NJ

Michael Eisner, franchisee of Lapels Dry Cleaning in Hanover, MA

Workshop Fees: Online registration $59; no walk-ins allowed.

There is a $10 discount on all Student and SEAP registrations (valid ID must be presented at the door; bring your SEAP forms to the workshop).

Please remember to bring your cell phone as you will receive an email with a link to your workshop evaluation form from the SCORE NYC Workshop Committee. It will be sent to you toward the end of the workshop so you can complete it effortlessly online before you leave.