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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
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