Why You SHOULD NOT Buy a Franchise!!
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Күн бұрынIf you are thinking about Buying a Franchise, Owning a Franchise...or thinking about Franchise Pros and Cons. YOU MUST WATCH THIS.
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✅ Free Resources!
-FDD (Franchise Disclosure Document) Review Made Easy! (Detailed Guide to Review FDD)
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-10 Questions to Ask Franchise Owners
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-25 Questions to Ask Franchisors
www.tariqjohnson.com/post/lis...
- 9 Vital Steps BEFORE Buying a Franchise
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Owning a franchise
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#Franchise #entrepreneur
@TariqJohnson 3 жыл бұрын
What do you think about franchising? Make sure to grab my FREE 7 Step Blueprint to Business Profits in 60 days! www.tariqjohnson.com/
@bouncybeatz Жыл бұрын
The reason for buying a franchise is to replicate a successful business model cutting out the failures of building a business costing more than a franchise would. Support is there from the franchisor to make it a success so you are buying experience and expertise to make it a success, Building a business from scratch is much harder and could become more costly
@lizjane1349 8 ай бұрын
think about what "support" could entail though. some franchisors go way beyond "support" in some cases micro managing your entire venture, which essentially means you have paid upfront for a very unpleasant job in some cases
@chinwemaduka2430 Жыл бұрын
Thanks for sharing this information to the general public.
@chrismog286 Жыл бұрын
Chinwe nwa nnem, how are you? I'm also working on getting a franchise started. 👍
@rcaction8030 2 жыл бұрын
Great Videos. Thanks again Tariq. Very informative
@TariqJohnson 2 жыл бұрын
Yessir glad you like them! Hit me up on the website if you need help during your process.
@TheCookieMaster27 3 жыл бұрын
I'm in the very early stages of discussing a franchise opportunity(in the UK though) and your videos have provided me a wealth of information in such a short period of time. I feel better equipped going forward to ask the right questions and make the right choice for me, so thank you!
@TariqJohnson 3 жыл бұрын
Awesome!! Thanks for the feedback. Let me know how it goes!
@waynez3885 2 жыл бұрын
Tariq, thanks for the insightful videos
@TariqJohnson 2 жыл бұрын
My pleasure! Thanks for watching
@kandaharmusic1350 Жыл бұрын
Hello great video I have been researching franchise opportunities. This video really highlights the issues and commitments required to become a franchisee. There are many videos online for but not against therefore your video caught my eye.
@TariqJohnson 7 ай бұрын
Glad you found it helpful. Franchising is great, but it's not for everyone.
@suphakornwatthanathanom3636 4 ай бұрын
Thank you for sharing 😇🙏🏽
@TariqJohnson 4 ай бұрын
Any time!
@KidsLearnHTML 2 жыл бұрын
I ❤ KZfaq. This information is worth thousands of $$$. Thank you Tariq. I smashed the Like and Subscribe button on this one!
@TariqJohnson 2 жыл бұрын
RIGHT?! Glad you found the video helpful, and thanks for the support!
@mfjeremy5891 11 ай бұрын
Great info
@TariqJohnson 9 ай бұрын
Thanks for watching!
@ccalexander1924 2 жыл бұрын
I just emailed you ! I will be reading your blueprint materiel soon ! Thank you for the videos and Information about owning a franchise. It’s a HUGE commitment. I’m taking my time researching the company that I am thinking of franchising and I plan on reaching out to the franchise owner of the one that is near me. I want to make sure it’s the right decision for me. I’m ready to put in a lot of time including weekends. I will continue to watch your videos. Very Inspiring !
@TariqJohnson 2 жыл бұрын
Hey- what was your name on the email?
@michellepitzer9774 3 жыл бұрын
I don’t like all the decision making that comes with starting my own business. This is coming from someone who took 8 years to decide what color to paint her kitchen lol.
@TariqJohnson 3 жыл бұрын
LOL oh wow. Owning a business isn't for everyone. Important to know that. If you wanted to though, you can build the habit of making decisions more quickly. Procrastination usually stems from fear.
@BarnabyBarry Жыл бұрын
What about a franchise in Thailand? Lots of 7-11, taco bell, subway? Very low building costs-very low wages? Cool videos-learning a lot from you!
@Leslie34565 6 ай бұрын
Very insightful advice. Ask how many termination and why How many default letter sent out per quarer?
@TariqJohnson 6 ай бұрын
Solid advice
@alexjones8113 3 жыл бұрын
So far so good your videos gave me a deeper understanding of the business world. So my game plan is to go for an accounting course in my college in Singapore as a skill set that I will find very important in a business. As always thank you for the in-depth, detailed videos.
@TariqJohnson 3 жыл бұрын
Accounting is definitely an important skillset Alex- always one you can outsource too 😀 Kudos for having a plan, and taking meaningful action towards your future! Thanks for watching!
@alexjones8113 3 жыл бұрын
@@TariqJohnson thank you sir but quick question can a manager handle multiple locations?
@TariqJohnson 3 жыл бұрын
Yes- if you have the right manager.
@alexjones8113 3 жыл бұрын
@@TariqJohnson noted thanks, congrats on your new office btw :D
@Marce776 3 жыл бұрын
Hi Tariq , what is your opinion about opening a food franchise in 2021 ? thank you for all the information
@TariqJohnson 3 жыл бұрын
There are plenty of food franchises having success. Largely depends on where, and what franchise. What are you looking at? Send me an email at info@tariqjohnson.com
@RonSommar 2 жыл бұрын
I think you are absolutely right: better create your own business, instead of buying a job.
@TariqJohnson 2 жыл бұрын
Thanks? I was explaining who franchising is NOT for, I didn’t say franchising isn’t a good idea. There are tens thousands of people , if not more who have built successful franchise businesses and teams- NOT buying a job. There are plenty of others who have not. Just like any pursuit in life- some people succeed, and some don’t. The question is- how do you intentionally create the success you desire, and drastically increase your probability in doing so.
@armandoavila3548 5 ай бұрын
What are your thoughts on a 10 year contract that ends with the franchisor taking over with no compensation to the franchisees?
@TariqJohnson 4 ай бұрын
Not sure I understand. You can always sell the business at any time.
@bobbysoto7821 10 ай бұрын
Are royalties tax write-offs, therefore eventually made up in business tax savings? Super new to franchising, trying to make sense of the big picture. Thanks,
@TariqJohnson 10 ай бұрын
Yep, that is correct. It's on your P&L as an expense, therefore a tax write off. ( not tax advice 😜
@darryldowden4781 7 ай бұрын
what is the best franchise to buy
@kshan6911 2 жыл бұрын
I’m in the process of buying a fun bus franchise . I’m scared cause it’s just me lol .. any suggestions
@TariqJohnson 2 жыл бұрын
Due your due diligence and make sure it’s the right move for you, have clear goals, and work your ass off.
@ticklenosefacepainting571 3 жыл бұрын
I have came across a bran new business that opened this February 2021 and is so good and unique that I want in. I did ask a manager if they had another location and she said "not yet but is highly probable in the near future!" I feel this is the prime time to get on board and have no idea how to approach the owner nor do I have franchise experience. I have been watching your videos and have learned more then expected! How would you handle the first step for a bran new company?
@TariqJohnson 3 жыл бұрын
Did you email me about this?
@ronwhiteleo3352 2 жыл бұрын
Dude it’s a scam
@darryldowden4781 7 ай бұрын
is it a good idea buying a existing franchise
@Leslie34565 6 ай бұрын
Absolutely,
@ronwhiteleo3352 2 жыл бұрын
If you put that 300k in Bitcoin, you would be set free
@TariqJohnson 2 жыл бұрын
Hind sight is always 20/20. 😏
@lastandfirstname Жыл бұрын
@@teeteeshouse lol
@pipshark1895 Жыл бұрын
Rolled eyes at this title… ugh!
@TariqJohnson Жыл бұрын
Why?
@blackopal3138 Жыл бұрын
Wow, very reminiscent of Obama.
@TariqJohnson 7 ай бұрын
☺
@grandwonder5858 Жыл бұрын
For a guy that says he doesn’t give people BS and that he cuts to the chase, he sure is BS’ing a lot and makes me wait nearly 3 minutes before he gets to the point and talks about the subject at hand! Two thumbs down from me! 👎👎
@TariqJohnson Жыл бұрын
Thanks for the feedback. You can also skip ahead, or watch the video on 1.5x speed. I hope you have a great day, and excited to see your videos when you put them up! 😉
Tariq Johnson
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