📘 FREE StarterKit - Zero to Profitable Franchise in Less Than 12 Months: Start fast in the franchising world. Download Now: www.franchiseempire.com/o-ztpf-guide
I couldn’t sleep but I’ve been up all night thinking about the future so I came here. I still haven’t started high school but I want my parents to not worry about me when I’m on my own.
Wow- awesome! Good for you being young thinking about your future. Keep envisioning yourself living the life you want. There is power in thoughts. Keep watching videos like this and reading business books. Surround yourself with people that have succeeded in life and business- you will find your way.
Get yourself a degree that earns you a stable job, and start building your dream from there. I have seen younger people try different things to "get rich quick" like BITCOIN, RUclipsr... But the point is, everything has risks. The more net worth you have, the less risks you have. Is it riskier to raise your net worth from $1M to $2M, or from $10K to $2M, in the same amount of years? So, get a stable 9-5 job and start from there. If you want to be an entrepreneur, best degree is Engineering, because the top 10 companies in the world are engineering related.
The fact that you are so young thinking about the future should tell you that you will be successful in life. Find a mentor that is already successful and learn things that even colleges cannot teach.
You made me learn a lot about franchise. You're explaining was beautiful and so simple to comprehend . I would like to thank you for the efforts you've made into making this informal video ❤
I just turned 21, I am currently saving up all the money I can since I live with my parents too. I am definitely looking to open a franchise soon before I’m 30 atleast!! Thanks for this great video
I'm in college, and my future job pays $90k a year. I'm gonna save up and invest that money in to different areas and open a franchise and gain real wealth.
Hi! New subscriber! Literally just sent a franchise application and came to RUclips to educate myself. You were the first video I watched! Thank you for valuable information
hey, did you actually end up owning a franchise? if yes, how is it going? any advice for someone like me who is looking to get into Frenchise business?
sometimes all we need is someone explaining this things in simple clear words. now I understand how franchise works. my favourite is KFC cause its more popular in my country Nigeria and other African countries. thanks a lot.
I enjoyed your video a small businesses and I'm a franchisee owner with a commercial cleaning franchise, and my main favorite franchise brands are the Marriott, 711 and Chick-fil-A like how you explain what is a franchise and your video provide a lot of information for the people out there that don't know what franchise it is or how it works very good video keep up the good work.
Thanks for the feedback Donte. Shoot me an email , would love to hear more about how you got into franchising and how it's going for you. info@tariqjohnson.com
Thank you for posting this, very helpful. My husband and I are thinking about opening our own franchise with the small local fast food company, but we would like to do it in a different state. What are things that you think I should be researching (any specific state regulations or bored of health laws) for we dive in too deep?
Great video and super simple and informative. I am a teacher and have been covering this for years. Do you have any information on how population effects whether or not a franchise will be successful? For example, how large should be a town be to support a McDonald's? Thanks.
Hi thank you I watch your video I am looking for franchise for many years how much money do you have to have to fully operated the McDonald's business ? If you don't have enough money will you be able to get a business loan to get started and also in order to get a loan how much money do you to show to the bank Thank you
Great video thanks ! I own a small bakery in Ireland and someone approached me to start a franchise for my bakery in Middle East , I know nothing about this or how to start the conversation or if it’s going to be worth it for us . Any advice ?
I just found this channel and IT. IS. AMAZING. You are soooo knowledgeable and easy to listen to and follow. I may have missed this, but do you have a video discussing or can you tell me what Franchisors are looking for (in general) when they are deciding to say yes. Like are they going to be digging into my credit history, debts, etc? Would they say no due to high student loans even with an excellent credit score? Are they looking for you to have ZERO debt? What are some reasons they may deny you?
Hey thanks Ruby! Franchisors look at many things , but meeting their liquid/ net worth requirements are typically the first. You will definitely need to fill out an application and a personal financial statement. Most franchisors will also run credit. Typically as long as you meet their net worth requirements and have the down payment for an SBA loan, you can can get approved by the franchisor.
So would I, as the franchisor, get access to franchisee's information like payroll and customer reviews and whatnot? I would want to be sure all my franchisees are maintaining our standards.
My favorite franchise brand is Adam & Eve. : ) I'm watching your RUclips channel to learn more about exploring the opportunity to potentially become a franchisee for this brand. Good stuff. Thanks!
So my brother and I drive an hour south regularly to Weirton West Virginia to a Tudors biscuit word, we want to open one in out town. A McDonald’s store closed about 7 yrs ago and a friend of mine they purchased the building and is looking for a business to move in. We are currently working some sort of agreements to start the process of getting tudors to meet with us.
I’m 16 years old, and still in High school if you were in my shoes what do you wish you did differently? Any pointers you could give. I’m interested in becoming a franchisee, but don’t know where to start.
Great video! My question is, how important is Net Worth when applying for a franchise? I see a lot of franchises require a net worth of $300K+ Thanks in advance!
How to pay for the franchise? Do I need to get a business loan? Does the company have payment program with out loan? What if I want to move onto something else and the payment is not paid off yet?
Hello, I’m a retired A/A female Kentucky State Government Social Worker. I will be 60 next month. I’m interested in learning about how franchise businesses work. Plus, would it be beneficial for me and if so, what type? Thank you
Hey Tariq, I have one question for owing a franchise by myself. If I want to buy a existing franchise which has been placed already and we want to take a ownership of that franchise company how does that works? For example we have Dominos franchise which is running from last 15 years and now they want to sell the stores and I want to buy that store. What are the key factors which I have to remember and how does the money structure works?
Good question. Not a simple answer, certainly not in YT comments. Here are some resources #1 Video on resale franchises ruclips.net/video/A-cF9avwG7I/видео.html #2 www.tariqjohnson.com/post/franchise-overall-steps-when-looking-at-re-sales
What If know of a brand I want to Franchise and know of a location, who helps with things after that like construction, how much money it will cost, permits if any etc
The franchisor gives some guidance on those things. We provide A LOT of guidance in our coaching program. We lay out every single step of the process, and you get access to our coaches. It’s very affordable. Reach out if you want to learn more. www.tariqjohnson.com/consulting
Yes, the steps are the essentially the same. You just go to their franchise website and input your info. Keep in mind food profit margins are extremely low.
Hi Tariq Thanks for sharing the tutorial. I hail from India and want to start my franchise business. I would like to understand what my day would look like as a franchise owner? What would be my availability like once I achieve some degree of stability in the business?
📘 FREE StarterKit - Zero to Profitable Franchise in Less Than 12 Months: Start fast in the franchising world.
Download Now: www.franchiseempire.com/o-ztpf-guide
I couldn’t sleep but I’ve been up all night thinking about the future so I came here. I still haven’t started high school but I want my parents to not worry about me when I’m on my own.
Wow- awesome! Good for you being young thinking about your future. Keep envisioning yourself living the life you want. There is power in thoughts. Keep watching videos like this and reading business books. Surround yourself with people that have succeeded in life and business- you will find your way.
Get yourself a degree that earns you a stable job, and start building your dream from there. I have seen younger people try different things to "get rich quick" like BITCOIN, RUclipsr... But the point is, everything has risks. The more net worth you have, the less risks you have. Is it riskier to raise your net worth from $1M to $2M, or from $10K to $2M, in the same amount of years?
So, get a stable 9-5 job and start from there. If you want to be an entrepreneur, best degree is Engineering, because the top 10 companies in the world are engineering related.
The fact that you are so young thinking about the future should tell you that you will be successful in life. Find a mentor that is already successful and learn things that even colleges cannot teach.
I Love It My Advice Is Stay In The Library I Read Up On Passive And Residual Income All The Answers To Success Are In The Library
Fuck What That Other Guy Saying A Trade Is Better Than A Degree Open A Credit Union The Better Than Banks And Boost Credit Score
Watching this 2 years later. Great video! Your hands are huge
Hey, thanks!
You made me learn a lot about franchise. You're explaining was beautiful and so simple to comprehend . I would like to thank you for the efforts you've made into making this informal video ❤
I just turned 21, I am currently saving up all the money I can since I live with my parents too. I am definitely looking to open a franchise soon before I’m 30 atleast!! Thanks for this great video
I'm in college, and my future job pays $90k a year. I'm gonna save up and invest that money in to different areas and open a franchise and gain real wealth.
I'm 15. I'm gonna start a business. Saving up now--wish me luck.
You got it! Perfect time to start!
Wow if you are thinking like this at 15 you’ve got it already. Trust me. Keep going!!!
I’m 16 and already got 5k saved but I wish you luck
I love the simplicity of explaining this to me. Better than all the readings and other videos thus far. Many thanks @TariqJohnson
Score! My pleasure
I am just 17Y old and I thought about franchises and I love business & investing , hope in future I can make my dreams come true .
I’m rooting for you!
Well, you explained franchise better than my textbook - so I guess that's a win. Thanks a lot :) !
Lol! Hopefully it helped you ace the test 😉
Facts
Fact
Hi! New subscriber! Literally just sent a franchise application and came to RUclips to educate myself. You were the first video I watched! Thank you for valuable information
Welcome Julie! Glad you enjoyed it. Make sure to check out the LIVE masterclass I’m doing tomorrow.
You sent the application before some type of due diligence? Just curious how that turned out.
hey, did you actually end up owning a franchise? if yes, how is it going? any advice for someone like me who is looking to get into Frenchise business?
@@mahirkanani2921 Hey how is it going did you end up owning one???
You made me feel at ease about owning a franchise. Thank you for sharing your time and information
You explained the concept very well. Thanks
You’re welcome!
sometimes all we need is someone explaining this things in simple clear words. now I understand how franchise works. my favourite is KFC cause its more popular in my country Nigeria and other African countries. thanks a lot.
Happy to help! Thanks for watching
How do you go about deciding which franchise to choose? I’m pretty sure city/location plays a part in what Franchise to start..
I just made a video on that! ruclips.net/user/liveqwkw8h3iMyk
I enjoyed your video a small businesses and I'm a franchisee owner with a commercial cleaning franchise, and my main favorite franchise brands are the Marriott, 711 and Chick-fil-A like how you explain what is a franchise and your video provide a lot of information for the people out there that don't know what franchise it is or how it works very good video keep up the good work.
Thanks for the feedback Donte. Shoot me an email , would love to hear more about how you got into franchising and how it's going for you. info@tariqjohnson.com
Great video. Thanks Tariq!
We hope if u make some videos about franchising models and how to franchise your business!
Tariq u r so good! U explain so well, so simply. I feel so motivated. From South Africa
Thank you!
Great video, very informative, detailed and elaborated. Thanks a lot mate!
Thanks for all the info you're providing in regards to franchises. New subscriber here!
Thanks and welcome!
Tariq is hosting a FREE online event, go register at dreamlifemastery.com/
Hello Tariq, good job. Thank you for sharing your insights.
My pleasure
Thank you for posting this, very helpful. My husband and I are thinking about opening our own franchise with the small local fast food company, but we would like to do it in a different state. What are things that you think I should be researching (any specific state regulations or bored of health laws) for we dive in too deep?
I've def been thinking about this w an old abandoned Dairy Barn by my house. My neighborhood could use something there. I'm in NY. Thanks for info.
Awesome, go for it!
Perfectly explained and simplified this is so clear to understand you have really pumped knowledge to my head thanks.
8:53
Great video and super simple and informative. I am a teacher and have been covering this for years. Do you have any information on how population effects whether or not a franchise will be successful? For example, how large should be a town be to support a McDonald's? Thanks.
Not a specific on that topic. But I talk about market demand here ruclips.net/user/livezGsz9xzyH50?si=GVFax2oIg275M09k
Didn't know Marriot was a franchise . Ty for the video lesson.
Great content! Thank you for simplifying this international market entry strategy for me.
A lot of people doubt me and what I want to do but it is possible. Working from food truck is good just not my route.
Hi Tariq great job this is brilliant explanatory video on franchising
Thanks Rod!
Hi Tariq, thanks for your profound explaination. Grateful.
With love Jonas from Zambia
My pleasure!
Ok you video was very informative and I didn't get to watch all of it but I'll be bk to watch it all
Glad you like it.
I loved this information
Thank you
My pleasure
Hi thank you I watch your video I am looking for franchise for many years how much money do you have to have to fully operated the McDonald's business ? If you don't have enough money will you be able to get a business loan to get started and also in order to get a loan how much money do you to show to the bank
Thank you
Would you be able to do a. Idea on how to start franchising your company for business owners?
That's a great idea- yes I will.
Thanks for explaining, What do you suggest is a good franchise to open now and how much should one start with?
All depends on you, your goals, your background etc. There is no one size fits all.
Thank you Tariq, this was a great video!❤
Hi, how do I franchise my small independent funeral home in UK ?
Thank you
Myself panning to take a franchise business I would like to know is there any others hidden expenses there other than you mentioned in the video.
I’m trying to learn about owning a restaurant because I have a brilliant idea for a restaurant and need help getting it started.
Restaurant business is a tough business.
Thank you for the information, just found your page and I like the real life perspective you give 💯 I greatly appreciate it
My pleasure Corey.
Thanks bigtime Tariq. This video was valuable
My pleasure, glad it helped!
I love Wiener schnitzel. I'm from San Diego and recently moved to MO. The type of food here is really basic. I would think this chain would do well.
Sweet, are you going to open one?
Great video.
I am interested in opening an American Eagle franchise, do you have any information in regard to the clothing industry. Thank you
Great video thanks ! I own a small bakery in Ireland and someone approached me to start a franchise for my bakery in Middle East , I know nothing about this or how to start the conversation or if it’s going to be worth it for us . Any advice ?
Wonderful Intellect! Very Impressed!
Well, thank you!
just supporting the channel
Appreciate that man.
Very informative. Thanks for posting.
Glad it was helpful!
Excellet Tariq! I like the way you have said it all! Good!
Thanks!
I just found this channel and IT. IS. AMAZING. You are soooo knowledgeable and easy to listen to and follow. I may have missed this, but do you have a video discussing or can you tell me what Franchisors are looking for (in general) when they are deciding to say yes. Like are they going to be digging into my credit history, debts, etc? Would they say no due to high student loans even with an excellent credit score? Are they looking for you to have ZERO debt? What are some reasons they may deny you?
Hey thanks Ruby!
Franchisors look at many things , but meeting their liquid/ net worth requirements are typically the first.
You will definitely need to fill out an application and a personal financial statement. Most franchisors will also run credit.
Typically as long as you meet their net worth requirements and have the down payment for an SBA loan, you can can get approved by the franchisor.
amzing vry good.the way presented the info.
Do you do personal zoom classes?
So would I, as the franchisor, get access to franchisee's information like payroll and customer reviews and whatnot? I would want to be sure all my franchisees are maintaining our standards.
If that’s how you set it up.
Thanks for guide and mind opener about franchise
My pleasure
Thanks for taking ur time to explain this.... U have made it very easy to understand 💯
My pleasure.
My favorite is Popeyes and ihop how can I franchise these and bring them to my country
Go to their website?
Can you help me with the Cheeskake shop please. I m looking to buy one
Hi, I'd like to know is it possible to take a loan from the bank inorder to open a franchise?
I have a business, looking at getting into franchising it. Doing research for now
This video will help ruclips.net/video/fj_IKImJMKg/видео.html
My favorite franchise brand is Adam & Eve. : ) I'm watching your RUclips channel to learn more about exploring the opportunity to potentially become a franchisee for this brand. Good stuff. Thanks!
What do franchisees do on a day to day bases? What are they doing daily to run their franchise?
Depends on the franchisee, how mature their franchise is, what industry they are in, etc.
So what the advantages and disadvantages of franchise business in brief?
So my brother and I drive an hour south regularly to Weirton West Virginia to a Tudors biscuit word, we want to open one in out town. A McDonald’s store closed about 7 yrs ago and a friend of mine they purchased the building and is looking for a business to move in. We are currently working some sort of agreements to start the process of getting tudors to meet with us.
Please explain how franchise and shareholders work. Can you have shareholders when you own a franchise?
That is correct! If you want to find out more about franchising, you can grab my free ebook -> www.buyaprofitablefranchise.com/o-optin
What’s the best way to raise the initial upfront money?
What is the Best Percentage for a Franchisor monthly ?
@Tariq, good and informative video! I am just getting into this world and these basics really helped!
Glad you like it! I have LOTS of videos on franchising...and doing a free training on RUclips live, make sure you have your notifications on!
😊
Amazing content thank you
Amazing video
Thanks!
@@TariqJohnson 🐐
How much attention do you have yo give it once its up and running?
Hey I would like to ask more questions about owning a franchise
www.tariqjohnson.com/consulting
I’m 16 years old, and still in High school if you were in my shoes what do you wish you did differently? Any pointers you could give. I’m interested in becoming a franchisee, but don’t know where to start.
I loved this content ❤ thanks a lot😊
Glad you enjoyed it!
Is there any reason why a franchiser would cut ties with the franchise ? Like if the business isn't being very profitable for example?
Great video! My question is, how important is Net Worth when applying for a franchise? I see a lot of franchises require a net worth of $300K+ Thanks in advance!
Cinnabon had a min requirement of 500K net worth
It’s definitely important. Some are more strict about it than others.
Wow! you explained very well and understandable way. Thank you very much.
My pleasure.
Regarding the franchisor-franchisee relationship, where does the franchise manager come in?
What do you mean? The Franchise manager manages the location- or multiple for the franchisee.
Nowhere? Those are your employees.
How to pay for the franchise? Do I need to get a business loan? Does the company have payment program with out loan? What if I want to move onto something else and the payment is not paid off yet?
This video will help answer those questions.
ruclips.net/user/live5t7_Zo2tbxs
How and we’re do I get more in person info on franchising?
In person? Not sure about that. But we have free resources at www.franchiseempire.com/
Hello, I’m a retired A/A female Kentucky State Government Social Worker. I will be 60 next month. I’m interested in learning about how franchise businesses work. Plus, would it be beneficial for me and if so, what type? Thank you
Hi Sharon, we'd love to help point you in the right direction! You can schedule a free call with my team here- consulting.tariqjohnson.com/apply
I’d like to open a Buffalo Wild Wings in my country… what’s the first step after getting the capital?
Reach out to them on there franchise website.
I know this is 2 years ago... But this helps a lot because my husband and I want to open a mcdonalds and other franchise
Glad it helped. McDonald’s will be a tough one.
This explained Franchises very well to me, thank you for the education and the simple explnations that you provided here in this video.
You're very welcome! Glad you found it helpful.
Hey Tariq, I have one question for owing a franchise by myself. If I want to buy a existing franchise which has been placed already and we want to take a ownership of that franchise company how does that works? For example we have Dominos franchise which is running from last 15 years and now they want to sell the stores and I want to buy that store. What are the key factors which I have to remember and how does the money structure works?
Good question. Not a simple answer, certainly not in YT comments.
Here are some resources
#1 Video on resale franchises ruclips.net/video/A-cF9avwG7I/видео.html
#2 www.tariqjohnson.com/post/franchise-overall-steps-when-looking-at-re-sales
Thank you. I hope to pass my APC board course with this information 🙏.
What?! Awesome!
Can you use a sba loan to start a franchise or you you need personal money ?
Beautifully explained! Keep it up!
Thank you!! 😀
TARIQ I want to be a franchisee,Do I need to study economics to become a franchisee
crumbl is one I would love to buy
They are sold out throughout the entire country.
Thanks million bro
You're welcome!
Thank you
You’re welcome
What If know of a brand I want to Franchise and know of a location, who helps with things after that like construction, how much money it will cost, permits if any etc
The franchisor gives some guidance on those things.
We provide A LOT of guidance in our coaching program. We lay out every single step of the process, and you get access to our coaches. It’s very affordable. Reach out if you want to learn more.
www.tariqjohnson.com/consulting
Tysm you explained it in such a simple way
Thanks
You explained it so easily. 😎
Thank you
Does the Franchisor ever pay those startup fees?
My pleasure. In 99% of instances they do not pay the start up costs.
What's your website?
I’m thinking about opening a what-a-burger. Are all the steps the same. If so how do I contact the franchiser
Yes, the steps are the essentially the same. You just go to their franchise website and input your info. Keep in mind food profit margins are extremely low.
What if franchisee faces a loss in the business, then the company eg. MCDONALDS will pay or have any policy to hold our back?
No, it's your business. It's on you.
How do I cut costs in marketing fees for a franchise
Watched this in 2024. Very informative. Thank you.
Gotta say I love 5 guys as well
🔥
How do you become a franchisor for a business you want to build into a franchise?
Lot's of resources out there. I don't talk about that aspect on my channel- shoot me an email. info@tariqjohnson.com
Can you buy an already built franchise?
Yep- my team specializes in helping buyers do just that. 😀
www.tariqjohnson.com/consulting
Hi Tariq
Thanks for sharing the tutorial. I hail from India and want to start my franchise business. I would like to understand what my day would look like as a franchise owner? What would be my availability like once I achieve some degree of stability in the business?
Create Comment! I will make a video going over this in the future. Make sure to turn on notifications ;)
@@TariqJohnson that's great! Awesome mate 👍