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Franchising is a popular way to start a new business. Scott Majeski, a franchising consultant who is the Managing Partner of FranNet for Chicago and NW Indiana, joins The Savvy Entrepreneur to talk about franchising basics. 
FranNet advises its clients on franchising, helping match them with the right franchising option. Scott likens the business model to a real estate agent — there is no charge to the buyer, and the franchising company pays FranNet for a successful match with a new franchisee.
Scott shares all the franchising basics: the pros and cons of franchising, as well as what makes franchisees successful. He speaks from experience, having built and operated a successful PuriClean disaster recovery franchise himself. He talks about some of the common misconceptions about franchising, the kind of people who are a good fit for franchising (and those who are not), the most common mistakes franchisors make, and some of the costs associated with franchising.
It’s a good, practical overview of franchising for those considering this option. Click on the arrow to listen, or click here if you’d prefer to read a transcript of the show!
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