Step 5 - Franchisor Calls
The discovery and education process is in full swing at this point! You have been introduced to 2-4 franchisors and will have the opportunity to have initial conversations with them. Franchisors may ask you to register in their system, read some materials or watch some videos prior to that initial call. Your coach will schedule a 10-minute follow-up with you after each of your Franchisor calls to ascertain what you liked and what you didn’t like.
Franchise Coach:
Chris Hale
Franchise Coach:
Chris Hale
What You’ll Gain
- Deeper insights from the franchisors you’ll be speaking with
- Additional materials to review from each franchisor
- The ability to narrow down your choice on which franchise opportunity is best suited for you
Required Tasks to Complete
Your Coach will help you with franchisor introductions. Put these calls on your calendar and be ready dive deeper into each franchise opportunity. Keep track of your appointments in your Franchise Organizer in the Dashboard.
Franchisors may ask you to register in their system, read some materials or watch some videos prior to your initial call.
Keep thinking about how you can narrow your playing field.
Your coach will schedule a 10-minute follow-up with you after each of your Franchisor calls to ascertain what you liked and what you didn’t like.
The questions below are common questions that should be asked by any potential franchisee candidate to glean additional information in making a decision to move forward with that franchise.
You can also access these questions and takes notes in your Franchise Organizer. This is downloadable in Step 3.
Questions to Ask the Franchisors
Take the time to write notes on each franchise opportunity in the notes area under each question. Mention the franchise opportunity before answering the question. When you are finished taking notes on a franchise, click save button and the note will be saved below the form. You will then be able to start a new note for the next franchisor call.
* For the best experience when taking notes, we recommend doing so while you are on a laptop or desktop computer.
- Next Step - Funding
At this point, you have a general idea of how you’re going to finance your franchise along with the specific financial requirements for your selected franchise. Now it’s time to talk to the financial service providers to custom fit a funding solution to fit your needs.
Franchisor Calls
- Introduction to 2-4 franchisors for initial conversations
- Possible pre-call tasks such as registration or material review from franchisors
- Scheduled 10-minute follow-up with coach after each call for feedback
Talk with Franchisors and narrow down your franchise options to 1 or 2.
Step Completion
Questions to Ask the Franchisors
When you are finished taking notes on a franchise, click the save button and the note will be saved below the form. You will then be able to start a new note for the next franchise opportunity.
* For the best experience when taking notes, we recommend using a laptop or desktop computer.
- Next Step
Tasks to Complete
Track your progress by click the “Check Mark” as you complete each task.
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Task 1
Have initial conversations with franchisors
Your coach will introduce you to each of your selections. -
Task 2
Complete any tasks by the franchisor
Franchisors may ask you to register in their system, read some materials or watch some videos prior to your initial call. -
Task 3
Assess franchise(s) that interest you
Keep thinking about how you can narrow your playing field. -
Task 4
Have your follow-up call with your coach
Discuss your likes and dislikes.
Tasks to Complete
Franchise Glossary
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