Rebecca Monet is CEO and chief scientist of Zorakle Profiles and co-host of The Franchise Lady podcast The place Ardour & Function Collide. Rebecca has been within the franchise consulting and psychometric evaluation enterprise since 1993. Identified for her uncanny means 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 Experiences which categorically examine potential franchisees to a franchise system’s prime performers. The Zorakle instruments have helped hundreds of people wanting to personal their very own enterprise discover a right-fit franchise system.
Rebecca joins us right now to share her story and her experience on the planet of franchising. We discuss the advantages of franchising vs ranging from scratch, similar 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 contemplate when wanting into a possible franchisor, together with your alignment with their values and tradition, their stage of progress, and whether or not you might need an identical character to different high-performing franchisees within the firm. We additionally share some suggestions for fulfillment, similar to having the correct staff to get you began, understanding that the franchisor is there that will help 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
Hearken to the podcast under:
This week on SmallBizChat Podcast:
- Franchising vs ranging from scratch
- What you must know when contemplating franchising
- What kind of staff it’s best to have with you
- Understanding the type of enterprise data wanted to get into franchising
- Ideas for fulfillment for franchisees
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