SCHEDULE A CONSULTATION
Phase 1: Initial Consultation (Understanding Who You Are)
• Personal Assessment: Review of core values, fiscal fitness, skill sets, passion & interests, lifestyle, career expectations.
• Questions you will reflect upon and answer:
o What are your income needs and goals?
o Do you want customers to come to you or do you want to go to the customers?
o Are you most comfortable working with other business owners or directly with the consumer?
o What are your family and home needs that may limit your time in your new business?
o Based on your past work experience, what have you enjoyed the most and the least?
o Will you need funding to get your business?
o How many days do you want your business to be “open”?
o What businesses have you looked at and why?
• Introduction to the Global Business Connect process
Phase 2: Selection/Presentation (The Match)
• Harmonization of your needs assessment with franchise business models that align with your financial and lifestyle goals.
• Selection and presentation to you of several franchise concepts of the hundreds we represent for you review.
Phase 3: Franchise Company Analysis (You Assess)
• Information provided on each franchisor discussed.
o Company website, E-Brochures o Industry information
o Understanding of the role of the owner • Interview Questionnaire for discussions with the franchise company
• Introductions with selected franchisors
• Learn about franchise business process, core values, ongoing training and support, and track record of success
Phase 4: Validate (Your Due Diligence)
• Validate with selected company franchisees using the Franchisee questionnaire we provide you in order to envision franchise ownership and verify what you have heard from corporate
• Take an in-depth look at the franchisor experience, financial disclosures and legal documents
• Authenticate franchise concepts with industry experts such as your attorney, CPA, financial advisor and lender
• Global Business Connect will be there every step of the way for continued guidance and support
Phase 5: Invitation/Discovery (Final Interview)
• After multiple discussions with the Franchisor, franchisee validation and your due diligence, if the Franchisor feels you are a good “fit”, they will invite you to their Discovery Day.
• Good companies will “interview” you just as you are interviewing them.
• After Discovery Day, you usually have all the facts needed to make a knowledgeable and capable decision!