Congratulations on starting your amazing journey path toward owning and operating your own business through franchising. Franchising is a beautiful hybrid between working for a company and starting your own business from scratch.
Congratulations on starting your amazing journey path toward owning and operating your own business through franchising. Franchising is a beautiful hybrid between working for a company and starting your own business from scratch.
Step 1 - Franchising Bootcamp
Step 1 of the Vetrepreneur Franchise Coaching process will educate you on the basics of franchising to see if franchising could be the right path for you. In Step 1, we’ll also dispel some myths about franchising and educate you on some basics of what you’ll need to know to move forward.
Hear from veteran-owned franchisees and get the inside track on what they think about franchising. Hear how they become their own boss and get invaluable firsthand insider info. These insights will help you in deciding if franchising may be right for you.
Vetrepreneur Franchise Workshop: Interview with Franchisee and Army veteran Rick Webster of Floor Coverings International. The VetSpeak is sponsored by Floor Coverings International.
Vetrepreneur Franchise Workshop: Interview with Franchisee and Marine Corps veteran Josh Ambrose of Mosquito Hunters. The VetSpeak is sponsored by Happinest.
Glossary of Common Franchising Terms
Cooperative advertising: A form of advertising where the franchisor and franchisee share the cost of promoting the franchise brand.
Encroachment: A situation where a franchisor or another franchisee opens a new franchise location in a territory already claimed by another franchisee.
Franchise: An agreement between the owner of a trademark or trade name (the franchisor) and an individual or company (the franchisee) that allows the franchisee to use the franchisor’s trademark and sell its products or services under certain conditions.
Franchise agreement: The legal document that outlines the terms and conditions of the franchise relationship, including the rights and obligations of both the franchisor and the franchisee.
Franchise Disclosure Document (FDD): A document that the franchisor is required to provide to prospective franchisees, outlining important information about the franchise opportunity, such as the franchisor’s financial performance, the franchisee’s obligations, and any litigation or bankruptcy history.
Franchise Fee: The initial payment made by the franchisee to the franchisor for the right to operate a franchise.
Franchisee: an individual or company that holds a franchise for the sale of goods or the operation of a service.
Franchisor: An individual or company that sells or grants a franchise for the sale of goods or the operation of a service.
Goodwill: The reputation and value of the franchise brand and its products and services.
Marketing fund: A fund established by the franchisor to promote the franchise brand, which franchisees are typically required to contribute to.
Operations manual: A document that provides the franchisee with detailed information on how to operate the franchise, including policies and procedures for everything from hiring employees to maintaining inventory.
Proven system: The franchisor’s established method of doing business, including its trademark, products, services, and operational procedures.
Renewal: The process of extending the franchise agreement for an additional term.
Royalty fee: A recurring fee paid by the franchisee to the franchisor for ongoing use of the franchisor’s trademark and access to its products and services.
Termination: The process of ending the franchise agreement before its expiration date.
Territory: The geographic area in which the franchisee has the exclusive right to operate a franchise.
Trademark: A symbol, word, or phrase used to identify and distinguish a company’s products or services from those of other companies.
Hear from veteran-owned franchisees and get the inside track on what they think about franchising. Hear how they become their own boss and get invaluable firsthand insider info. These insights will help you in deciding if franchising may be right for you.
Vetrepreneur Franchise Workshop: Interview with Franchisee and Army veteran Rick Webster of Floor Coverings International. The VetSpeak is sponsored by Floor Coverings International.
Vetrepreneur Franchise Workshop: Interview with Franchisee and Marine Corps veteran Josh Ambrose of Mosquito Hunters. The VetSpeak is sponsored by Happinest.
Glossary of Common Franchising Terms
Cooperative advertising: A form of advertising where the franchisor and franchisee share the cost of promoting the franchise brand.
Encroachment: A situation where a franchisor or another franchisee opens a new franchise location in a territory already claimed by another franchisee.
Franchise: An agreement between the owner of a trademark or trade name (the franchisor) and an individual or company (the franchisee) that allows the franchisee to use the franchisor’s trademark and sell its products or services under certain conditions.
Franchise agreement: The legal document that outlines the terms and conditions of the franchise relationship, including the rights and obligations of both the franchisor and the franchisee.
Franchise Disclosure Document (FDD): A document that the franchisor is required to provide to prospective franchisees, outlining important information about the franchise opportunity, such as the franchisor’s financial performance, the franchisee’s obligations, and any litigation or bankruptcy history.
Franchise Fee: The initial payment made by the franchisee to the franchisor for the right to operate a franchise.
Franchisee: an individual or company that holds a franchise for the sale of goods or the operation of a service.
Franchisor: An individual or company that sells or grants a franchise for the sale of goods or the operation of a service.
Goodwill: The reputation and value of the franchise brand and its products and services.
Marketing fund: A fund established by the franchisor to promote the franchise brand, which franchisees are typically required to contribute to.
Operations manual: A document that provides the franchisee with detailed information on how to operate the franchise, including policies and procedures for everything from hiring employees to maintaining inventory.
Proven system: The franchisor’s established method of doing business, including its trademark, products, services, and operational procedures.
Renewal: The process of extending the franchise agreement for an additional term.
Royalty fee: A recurring fee paid by the franchisee to the franchisor for ongoing use of the franchisor’s trademark and access to its products and services.
Termination: The process of ending the franchise agreement before its expiration date.
Territory: The geographic area in which the franchisee has the exclusive right to operate a franchise.
Trademark: A symbol, word, or phrase used to identify and distinguish a company’s products or services from those of other companies.
Franchising Bootcamp Team
Bootcamp Video (Recording is an attended Vetrepreneur Franchise Workshop)
- First 35 Minutes - Primary franchise information.
- Last 25 Minutes - About coaching and audience Q&A answered.
Franchise Coach:
Chris Hale
Host:
Rachel Pitts
Funding Expert:
Kayla Lopez
Funding Expert:
Kayla Lopez
What You’ll Gain
- Insights about franchising and what it takes to become a franchisee.
- Learn about Vetrepreneur Franchise Coaching.
- Hear from veteran franchisees, their experiences and becoming their own boss.
- Understanding the lingo with the Glossary.
Required Tasks to Complete
Financing, learning what type of franchise suits you best, and understanding the benefits of franchising are just a few of the many takeaways you’ll get by watching the Bootcamp video above. We’ll get you up to speed with everything you need to know to help you in your goal to becoming your own boss.
Learn about the Coaching roadmap, the steps and what you are expected to get out of the process.
- Next Step - Self Assessment
Thank you for your interest in Franchise Coaching. Based on the timeline you gave us during your initial registration, login credentials and access to Step 2 will become available and will be emailed to you as you get closer to when you plan on opening your franchise. Franchising and preparation information will be emailed to you overtime to aid you in taking the necessary steps to move forward with a franchise coach.
Additional steps here in the portal will become available as you move forward with your coach. Step 2 involves a thorough self-assessment and taking a deeper dive into who you are and the types of franchising sectors to help us find the right fit for you. A thorough self-assessment prepares you for a Discovery Meeting with your Franchise Coach.”
Congratulations on starting your amazing journey path toward owning and operating your own business through franchising. Franchising is a beautiful hybrid between working for a company and starting your own business from scratch.
I want you to stop and ponder for a moment Think about all of the major decisions you’ve made in your life: joining the military, leaving the military, entering the civilian workforce, choosing a college or trade school, getting married, who to marry, having children and buying your first home.
Choosing to go into franchising is no different. It is a decision that will affect your life in a major way. So why go it alone?. That’s where our franchise coaching service educates and supports you with a combination of an experienced team of franchise professionals and a portal that reinforces with content, tools and decision matrices. It’s the most comprehensive franchise coaching tool available. It’s available only to the military community. And it’s free!
Step 1 - Franchise Bootcamp
Step 1 of the Vetrepeneur Franchise Coaching process will educate you on the basics of franchising to see if franchising could be the right path for you. In Step 1, we’ll also dispel some myths about franchising and educate you on some basics of what you’ll need to know to move forward.
Franchise Coach:
Chris Hale
Host:
Rachel Pitts
Funding Expert:
Kayla Lopez
Required Tasks to Complete
- Watch the Franchise Bootcamp video above and educate yourself on Franchising 101.
- Watch the “What is Vetrepreneur Franchise Coaching video below.
Bootcamp Resources
Hear from veteran-owned franchisees and get the inside track on what they think about franchising. Hear how they become their own boss and get invaluable firsthand insider info. These insights will help you in deciding if franchising may be right for you.
Vetrepreneur Franchise Workshop: Interview with Franchisee and Marine Corps veteran Josh Ambrose of Mosquito Hunters. The VetSpeak is sponsored by Happinest.
Vetrepreneur Franchise Workshop: Interview with Franchisee and Army veteran Rick Webster of Floor Coverings International. The VetSpeak is sponsored by Floor Coverings International.
Glossary of Common Franchising Terms
Cooperative advertising: A form of advertising where the franchisor and franchisee share the cost of promoting the franchise brand.
Encroachment: A situation where a franchisor or another franchisee opens a new franchise location in a territory already claimed by another franchisee.
Franchise: An agreement between the owner of a trademark or trade name (the franchisor) and an individual or company (the franchisee) that allows the franchisee to use the franchisor’s trademark and sell its products or services under certain conditions.
Franchise agreement: The legal document that outlines the terms and conditions of the franchise relationship, including the rights and obligations of both the franchisor and the franchisee.
Franchise Disclosure Document (FDD): A document that the franchisor is required to provide to prospective franchisees, outlining important information about the franchise opportunity, such as the franchisor’s financial performance, the franchisee’s obligations, and any litigation or bankruptcy history.
Franchise Fee: The initial payment made by the franchisee to the franchisor for the right to operate a franchise.
Franchisee: an individual or company that holds a franchise for the sale of goods or the operation of a service.
Franchisor: An individual or company that sells or grants a franchise for the sale of goods or the operation of a service.
Goodwill: The reputation and value of the franchise brand and its products and services.
Marketing fund: A fund established by the franchisor to promote the franchise brand, which franchisees are typically required to contribute to.
Operations manual: A document that provides the franchisee with detailed information on how to operate the franchise, including policies and procedures for everything from hiring employees to maintaining inventory.
Proven system: The franchisor’s established method of doing business, including its trademark, products, services, and operational procedures.
Renewal: The process of extending the franchise agreement for an additional term.
Royalty fee: A recurring fee paid by the franchisee to the franchisor for ongoing use of the franchisor’s trademark and access to its products and services.
Termination: The process of ending the franchise agreement before its expiration date.
Territory: The geographic area in which the franchisee has the exclusive right to operate a franchise.
Trademark: A symbol, word, or phrase used to identify and distinguish a company’s products or services from those of other companies.