FranNet of Dallas/Fort Worth/Oklahoma

“I would say, first of all, find something with lots of growth potential that you're really committed to going all in with and that will fit the lifestyle you want. Then, I would say, make sure you're well capitalized because whatever my estimates told me I needed, I ultimately needed twice that. So I'm glad I had twice that set aside for this. Plan for the first few years to be investment years. If you think you're going to take money out of it right from the beginning, it's going to be hard to scale it.” If you’ve never owned a business, it can be tough to grasp that you may not pay yourself much, if anything, in the first few years. It’s wise to have at least a year’s worth of living expenses set aside, in addition to the investment you’ll be making in the business. In franchising, year three is often when solid profits start to emerge, though this varies by system. Speaking with other franchisees is crucial to understanding what to expect in years one, two, three, and beyond. Connect with us to learn more about setting realistic expectations for your journey. The link to the full episode is in the comments below 👇 Sara Waskow, Roxanne Rapske, Dave Rice, Next Day Access Central Dallas #DFWFranchiseExperts #Franchising #SeniorSafety #IndependentLiving

Franchise Spotlight: This Petcare Brand is Leading the Pack! 🔵 January 8th, 1 pm - 2 pm CT Do you love pets and dream of transforming that passion into a rewarding business venture? This exclusive webinar is your chance to explore an extraordinary franchise opportunity designed to create healthier, happier lives for pets—while building a scalable, successful business for yourself. Join FranNet as we introduce a one-of-a-kind franchise that’s redefining pet care with expertly crafted pet food. Made in small batches using fresh, nutrient-rich ingredients, this brand is bridging two booming industries—Health & Wellness and Pet Care. If you’ve been searching for a meaningful business opportunity that aligns with your love for animals, this is it! What You’ll Discover in the Webinar: 🔹A Proven Roadmap to Success 🔹Two-Phase Growth Path 🔹Comprehensive Franchisee Support 🔹Booming Market Opportunity 🔹Flexibility to Fit Your Lifestyle This isn’t just a chance to learn about a business—it’s an opportunity to explore a fulfilling career that combines your love for pets with a proven formula for success. Whether you’re a seasoned entrepreneur or simply exploring new career paths, this franchise model offers a flexible way to achieve financial growth while making a real difference for pets and their families. Reserve Your Spot Today - https://lnkd.in/gygAncXw Unable to make this particular webinar’s time and date? Register anyway and we’ll send you a link to the full presentation—which you can then view at a convenient time of your own.

“After 25 years of working for some pretty big global corporations, you’re working for a business, but they're more like institutions than they are businesses. It sometimes feels like you're dealing with a lot of conceptual aspects of how this giant machine operates, and you're pretty far away from seeing the value it creates for individual consumers. In the case of a small business like this, it's all about the business and the value it creates for its customers. An example is when we recently installed a ramp for an elderly couple. The husband was blind and he couldn't get out on his front stoop. We installed a small platform and a ramp with rails on it. Now he can carefully go out and know that he always has something to hold onto. He feels safe getting out of his house. We frequently have people tell us that once we install a ramp, they can now do essential things like seeing their doctor - important tasks they've had to limit in their lives. We’ve now made those opportunities accessible to them again.” Many of our clients aspire to make an impact through their new business - serving their community and creating positive change. The way each person defines "impact" is unique, reflecting their personal values and goals. Our role is to understand what you're looking to achieve and to present you with options that align with your vision. This isn’t about scrolling through businesses that seem interesting or match your experience; it’s about finding the perfect fit. For example, Dave’s journey to small business ownership was a complete transformation from his corporate career. Finding the right opportunity often involves exploring, comparing, and refining your choices. When you work with us, you’ll gain insights about yourself, and we’ll use those insights to guide the process. Together, we’ll discover the right path forward. We cover many current and relevant topics. A few include: ◈ Understanding your franchise agreement ◈ Making an impact through your business ◈ How to scale your business The link to the full episode is in the comments below 👇 #DFWFranchiseExperts #Franchising #SeniorSafety #IndependentLiving

“I'd seen different types of franchising systems, and it was a pretty one-sided game. Whether it's an FDD or a franchise like we're talking about, or a bottling contract, they’re very one-sided. The first time I read one, I didn't understand why anyone would sign one. You'd have to be nuts! And yet people are successful at it. People make a lot of money doing it, and it's a chance to be part of something that can be very exciting.  It’s an entrepreneurial business system where you can get a lot of support for growth. In the end, we found something together. You helped us find something that was sufficiently exciting. We had to go for it.” We’ve had to reassure many clients after they’ve read their first franchise agreement. These agreements can feel intimidating - they’re often written in dense legal language, heavily favoring the franchisor, and are typically non-negotiable. However, this structure serves an important purpose: it protects the brand. If a franchisee fails to adhere to the system or risks damaging the brand's reputation, the franchisor needs mechanisms to address the issue, including facilitating their exit if necessary. This approach not only safeguards the brand but also ensures that other franchisees who are compliant and who represent the brand positively are protected. As part of our process, we connect you with local franchise attorneys to help you understand your franchise agreement and what you’re committing to. Don't let a franchise agreement overwhelm you - work with us to connect with vetted and trusted franchise attorneys who can guide you through the details. Sara Waskow, Roxanne Rapske, Dave Rice, Next Day Access Central Dallas #DFWFranchiseExperts #Franchising #SeniorSafety #IndependentLiving

Franchise Insights, an industry leader for data and analysis, is out with a new report indicating which states are experiencing the most interest in exploring franchise ownership. Would it surprise you to know that Texas tops the list? View the full picture in our latest blog post. #EntrepreneurshipIsBooming

Becoming a business owner is an exciting leap, but it comes with its learning curves. Here’s some advice straight from a fellow entrepreneur: 📌 Know Your Strengths: Focus on what you’re uniquely good at, whether it’s training, strategy, or building relationships. 📌 Delegate Early: Hire for roles that take time away from your strengths—like bringing on a prospector or support staff sooner than later. This allows you to stay in your zone of genius and drive the business forward. 📌 Remember Your Highest and Best Use: Spend your time where it matters most, a concept championed by seasoned executive coaches. Ready to trade being a customer or employee for being the boss? The journey is worth it—just prioritize where you shine and get the right support in place! What’s your “highest and best use”? Let’s hear it in the comments! 👇

“The number one thing I would tell people is to open a home equity line of credit if you're a homeowner. Entrepreneurs show up at the bank when they need money. They fail to realize you need to go to the bank before you need the money because once you need it, the bank won't give it to you.” We cannot stress enough the importance of financial preparedness for business ownership. Unplanned events can arise, so it's essential to plan ahead and account for the unexpected. Kelly’s advice reveals how banks assess risk and provides a proactive strategy to secure capital when it’s needed most. For new entrepreneurs, this insight emphasizes the value of preparation in achieving financial stability. Prepare for success by planning ahead. Contact us today to learn how to build financial readiness for your business journey! The link to the full episode is in the comments below 👇 Sara Waskow, Roxanne Rapske, Kelly Kunst CFP®, #DFWFranchiseExperts #Franchising #FinancialWellBeing

“You mentioned the SCORE Methodology. Can you give us a brief overview of what that is? Back to the notion of a symphony. Every family we work with is different. We work with a lot of entrepreneurial families and all of those businesses run a little bit differently on their cashflow schedules, variability, all of these things. S is for understanding their story, what they do, how their life works, and who the key players are in their family; things we need to be mindful of. C gets into cash and cash flow. When we look at studies from the Small Business Administration and other resources, they all say the same thing. About 80% of businesses fail because of a lack of cash flow. You really want to know where your cash and cash flow is. It's the very first thing we ask before we get into any of O for opportunity, which are the investments, R is for real return, what does that net of tax cashflow look like? We’re doing a lot of that planning right now. And then E is for avoiding easy money mistakes. They come in a lot of different forms. We spend a lot of time reading first. It's almost like studying a musical score back when I was running the music department, studying the score, understanding how it worked, and what the really important things were. It’s the same thing with families and businesses. We want to read all of the documents that our prospective clients give us and understand who they are and how we need to make that money align or be harmonious with what's happening in their lives. This is what we spent a lot of time doing.” The SCORE Methodology offers a methodical yet personalized approach to business planning, blending practicality with an almost artistic touch. The symphony metaphor, emphasizing harmony between a business's financial strategy and the owner's life, provides a unique perspective. It underscores the need to tailor financial plans to individual circumstances while addressing the leading cause of business failure - poor cash flow management. This balance of structured analysis and personalized alignment presents a fresh and effective approach to building and sustaining a successful business. We cover many current and relevant topics. A few include: ◈ Preparing for business ownership - knowing and understanding your cash flow  ◈ Disruption = opportunity ◈ The right and wrong time to ask a bank for money The link to the full episode is in the comments below 👇 #DFWFranchiseExperts #Franchising #FinancialWellBeing *Registered representative of and securities offered through Bethel Fisher & Company Financial Services, Inc. (BFCFS). Member FINRA/SIPC. Investment Advisory Services offered through BFC Planning, Fiscal Harmony, GS Wealth Management are not affiliated with BFCFS and BFC Planning.

“One of the big challenges as human beings is we tend to solve problems that are proximal to us. As Stephen Covey says in his book, there are four quadrants: important and urgent, important but not urgent, etc., and we get stuck in that urgent cycle all the time. It's a challenge. When we spent some time on that panel together, I loved what you had to say about having that playbook, that roadmap for new business owners because unfortunately, it's the most expensive Masters you'll ever get in the school of hard knocks. Right?!” The franchise model offers a proven roadmap that helps franchisees bypass the "school of hard knocks" often faced by independent business owners. Instead of getting stuck addressing only urgent problems, franchising provides the structure to focus on what truly matters, enabling better allocation of time and resources. By reducing guesswork through proven systems and support, franchising can minimize costly mistakes and accelerate the learning curve. This should help new business owners achieve profitability faster and manage with confidence. For those transitioning into entrepreneurship, this built-in support system makes franchising an appealing option, eliminating the steep challenges of starting from scratch. Ready to start your business with a proven system? Contact us today to explore how franchising can set you up for success! Sara Waskow, Roxanne Rapske, Kelly Kunst CFP®, #DFWFranchiseExperts #Franchising #Entrepreneurship #FinancialWellbeing *Registered representative of and securities offered through Bethel Fisher & Company Financial Services, Inc. (BFCFS). Member FINRA/SIPC. Investment Advisory Services offered through BFC Planning, Fiscal Harmony, GS Wealth Management are not affiliated with BFCFS and BFC Planning.

Wishing you a Happy Thanksgiving and a wonderful holiday season! #Thanksgiving2024