Buying A Franchise as a Small Business Option Webinar

Description

The Illinois SBDC at Bradley University is hosting a Lunch-and-Learn webinar on the topic of Franchise Ownership. The presentation will introduce attendees to many factors to evaluate when considering franchising as a path to business ownership, with the emphasis on a market size comparable to Peoria, IL. Cosponsored by: SCORE Peoria Topics covered: -What is franchising? -How does buying a franchise differ from buying a traditional business? -What are the risks and rewards of franchising? -How are franchises regulated in the US? -Can any business become a franchise? -Who makes for a good franchise buyer? -How do you determine if a franchise is a good fit for you? -How can you finance a franchise purchase? Who should attend? -Potential entrepreneurs who have not decided on an industry or business concept -Managers seeking to operate a business of their own without starting from scratch -Retirees looking for a challenging next chapter in their life story -Investors seeking an active, hands-on opportunity, rather than a passive one -Anyone curious about how franchising works in the US Takeaway: Attendees will learn the basics of owning a franchise business, including the advantages and risks. Common misperceptions around franchising will be addressed, and the process for evaluating the fit between a franchise, the market, and the owner will be explained. The audience will be invited to find out more via additional franchise education webinars from FranNet. Participants will have the opportunity to ask questions of the presenter. Speaker: Ben Terrill is the Owner of FranNet of Missouri/Kansas/Illinois/Iowa. He has worked with hundreds of entrepreneurs looking to discover the best pathways to business ownership. Ben offers one-on-one consulting and additional educational resources to those seeking to know more about franchising. He comes from an entrepreneurial family and has 25 years of experience in sales, sales management and related businesses. Ben graduated from the University of Missouri and lives in St. Louis with his wife and son.