Rebecca Monet is CEO and chief scientist of Zorakle Profiles and co-host of The Franchise Girl podcast The place Ardour & Goal Collide. Rebecca has been within the franchise consulting and psychometric evaluation enterprise since 1993. Recognized for her uncanny capacity to attract efficiency correlations, she is fascinated with neurology, neuroeconomics, and human efficiency because it pertains to enterprise success. Monet is the inventor of the meta-analysis methodology utilized in Zorakle’s SpotOn! Profile and SpotOn! Eclipse Reviews which categorically evaluate potential franchisees to a franchise system’s prime performers. The Zorakle instruments have helped hundreds of people needing to personal their very own enterprise discover a right-fit franchise system.
Rebecca joins us immediately to share her story and her experience on this planet of franchising. We discuss the advantages of franchising vs ranging from scratch, equivalent to decrease danger of failure, group shopping for energy with different franchisees, and simpler entry to funding. We focus on a few of the issues it’s best to take into account when trying into a possible franchisor, together with your alignment with their values and tradition, their stage of development, and whether or not you may need an identical character to different high-performing franchisees within the firm. We additionally share some ideas for achievement, equivalent to having the precise group to get you began, understanding that the franchisor is there that can assist you, and speaking to different franchisees to get a really feel in your potential match earlier than selecting a franchise.
“The tagline of franchising is ‘You’re in enterprise for your self, however you’re not in enterprise by your self.’” – Rebecca Monet
Take heed to the podcast beneath:
This week on SmallBizChat Podcast:
- Franchising vs ranging from scratch
- What you want to know when contemplating franchising
- What kind of group it’s best to have with you
- Understanding the kind of enterprise data wanted to get into franchising
- Ideas for achievement for franchisees
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