Best small business franchise books according to redditors
We found 4 Reddit comments discussing the best small business franchise books. We ranked the 3 resulting products by number of redditors who mentioned them. Here are the top 20.
We found 4 Reddit comments discussing the best small business franchise books. We ranked the 3 resulting products by number of redditors who mentioned them. Here are the top 20.
Yes, I read the Franchise Bible it tells you almost everything you need to know about buying a franchise. Not an exhilarating read, but it contains a lot of useful info.
He completely destroyed the USFL.
Football for a Buck: The Crazy Rise and Crazier Demise of the USFL https://www.amazon.com/dp/0544454383/ref=cm_sw_r_cp_apa_i_AJK3BbSDE02T9
Just got Football for a Buck
Anyone read this yet? I'm pretty excited to dive into it. The 30 for 30 done on the USFL was one of the most interesting ones they did I thought
I don't know anything about operating a cart or mobile location but those franchise requirements don't sound out of line. There are a ton of potential costs when setting up a brick & mortar franchise, such as:
If they want to see $100k liquid, then the total estimated startup costs will probably be anywhere from 100 - 300k. (You would be expected to get a loan or investors to cover the balance)
After you open you will need to pay a continuing fee to the franchisor every month, typically as a percentage of your gross sales.
Running a restaurant / beverage business is a full time job. If you are in school you would likely need to have at least 1 employee as a full-time store manager and maybe several part-timers.
Any franchisor worth working with should be VERY hesitant to grant a franchise to someone with limited assets, business experience and free time. If they are not, walk away because it means they are handing these things out to anybody. And if they are hesitant then you have a huge task ahead of you to prove that you have the knowledge & ability to be part of their brand. You may want to bring on investment partners if money is the only limiting factor.
If you're still serious about it, read The Franchise MBA before you do anything else.