How To Make Money In Franchising

Franchising is NOT passive income (but there can be more money in it than you think)! Fresh from years on both sides of the table, Stacey talks through how money is really made in franchising, as a franchisor and as a franchisee. She shares where many franchisors are missing out, why she believes profit isn't a dirty word, and the one thing she never thought she'd say out loud about recruitment. Whether you're thinking about franchising, or you've already franchised and suspect there are gaps in your income, this one is worth your time. Key topics Is franchising really passive income, or is that a myth? Where are franchisors leaving money on the table beyond the franchise sale? Should you be making a profit on your franchise package? Fixed fee or percentage: which one protects the partnership? Why might pausing recruitment actually earn you more? The growth trap franchisees need to look out for About Stacey Stacey Cann is the UK's leading franchise strategist and founder of Impact Franchising - The Agency. See if franchising is right for you in this 2 minute assessment: https://staceycann.com/diagnostic Already franchised? Check out Stacey's Franchise Growth System: https://impactfranchisingtheagency.com/franchisegrowthsystem ------- A Thank You To Our Sponsors: Our headline sponsor, Impact Franchising - The Agency, builds a predictable pipeline - done for you! Founded by Stacey Cann, Impact Franchising - The Agency believe there’s a better way to get results. Our ethos is simple: franchise sales and marketing, done right. After seeing her franchise strategy clients constantly get stuck at the implementation stage, Stacey created the agency to take that off their hands - delivering sales and marketing that actually drives growth. Everything we do is built around strategy and your authentic human voice. Check out more details here Support The Podcast Don't forget that the best way you can support us is to subscribe to the podcast - not only will you get notified of future episodes as they are released, you will also be helping us get more amazing guests to come and share their secrets in franchising!