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Dec. 3, 2023
234. The Path to Franchise Ownership with Patrick Elsner
Are you looking to enter the franchise industry? Discover the secrets to finding the perfect franchise fit. Learn how to navigate the franchise landscape based on your criteria and interests, but beware, one wrong move could leave you questioning everything.
Join us on Average Joe Finances as our guest Patrick Elsner shares insights on the trends he's observed in franchise ownership over his 21-year career and gives advice to those thinking about getting into franchising.
In this episode:
- Discover the latest franchising trends and opportunities to stay ahead of the game.
- Explore the benefits of semi-absentee franchise ownership for a more flexible lifestyle.
- Uncover the thriving home services and health and wellness franchise categories.
- Implement a criteria-based approach to find the perfect franchise that aligns with your goals.
- And so much more!
Key Moments:
00:00:28 - Patrick's Background
00:01:21 - Trends in Franchising
00:02:49 - Popular Franchise Categories
00:09:16 - Finding the Right Franchise
00:15:02 - The Importance of Success in Franchising
00:16:00 - Top Franchises in Today's Market
00:17:32 - Qualities of a Successful Operator
00:20:08 - Work and Luck in Franchising
00:22:18 - Mitigating Risks in Franchising
00:30:11 - Mistakes in Financial Investments
00:31:11 - Importance of Surrounding Yourself with the Right People
00:33:26 - Reverse Engineering Your Goals
Find Patrick Elsner on:
Website: https://www.franinside.com
Email: info@franinside.com
LinkedIn:https://www.linkedin.com/in/patrickelsnerfranchiseinsider/
Youtube: https://www.youtube.com/channel/UCLj00KD0UTb27LmIbY4EGDg
Average Joe Finances®
All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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