103: Four Motivations to Choose a Franchise with Stacey Marmolejo

Stacey Marmolejo is the Principal Owner of the Franchise Prep Academy, where she focuses on teaching military veterans how to explore franchise ownership as a potential post-service career. We talk about the skills that define a great franchise owner, how to find the right franchise to invest in, and the biggest challenges to growing a franchise business.

 

Timestamps

[00:30] Stacey’s entrepreneurial journey

[02:12] Pros and cons of becoming a franchisee

[04:22] Skills that make you a great franchisee

[06:29] Are franchise investors visionary or non-visionary entrepreneurs?

[08:14] Personality traits for successful franchise ownership

[11:25] How to find the right franchise for you to invest in

[14:23] The difference between a franchise coach and a franchise consultant

[15:59] Ways to know if your business is ready to franchise

[21:30] Common franchise myths and realities about growth and success

[24:17] Biggest challenges to growing a franchise business

[25:57] Parting thoughts 

 

Links and Resources

Steve and Greg Cleary’s New Book: Pinnacle: Five Principles that Take Your Business to the Top of the Mountain

Stacey’s LinkedIn

Franchiseprepacademy.com

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