In the May Issue:
Brittany Bode and Samantha Schweitzer bonded over their mutual love of fashion and reality TV, while working at the largest franchise sales organization in North America. The women quickly realized that they had more in common than handbags. They both had a passion for helping others achieve their personal and financial goals.
Struggling to find work and life balance, they often leaned on each other for support. In 2021 the pair left corporate America, and partnered in FranPath Consulting to help others empower themselves to continue to build wealth and diversify their portfolios.
Brittany and Samantha coach clients on how to create an empire of multiple businesses. FranPath Consulting uses a data-driven, scientific approach to match their clients with businesses that fit all aspects of their current and future lives.
Fifty-five percent of the firm’s clients in 2022 were already business owners. Why would existing entrepreneurs lean in on franchising? The answer is simple, they love the ability to scale into verticals otherwise inaccessible, a playbook to guide their growth, support systems, and the 80% success rate of franchise business ownership.
How do you know if you’re ready to start a franchise business search? Samantha and Brittany are here to lay out some helpful steps for achieving the path to success, through franchise business ownership.
Identify if now is the right time.
Do you have 15-20 hours of free time per week in your schedule? Do you have additional capital to invest in a business opportunity? Investing money and time is necessary to achieve the ultimate goal of having more money and more free time. Be honest with yourself, timing is everything when starting a new venture
Find a professional to assist you in identifying business opportunities.
Having an industry expert is important when looking at franchise investments. It's also critical to ensure that this consultant aligns with your value system and goals.
Determine the type of franchise you want to own.
Are you looking for a business that is predominantly passion based? OR maybe a business that you can leverage your current skillset or expertise? OR do you want to step out of the box altogether, and join a new industry that is showing high levels of growth? Franchising allows individuals to easily step into new arenas, by providing a playbook and high levels of support
Explore multiple business opportunities to decide what suits you best.
Have you considered profitability, staffing, market need, and personal interest? Have you properly vetted the brands to understand support, success rates of franchisees, and financial performance? It's important to ensure that due diligence is completed.
Solidify which business best suits your goals.
Which business moves the needle for you? Are you ready to open this concept in your market? Have you engaged with industry experts to review legal documents and fund your venture? It’s easy to get caught up in the excitement of a new opportunity. You will want to take the time to make sure all I’s are dotted and all T’s are crossed.
MEET BRITTANY BODE AND SAMANTHA SCHWEITZER, FOUNDERS OF FRANPATH CONSULTING
Brittany Bode and Samantha Schweitzer are Co-Founders of FranPath Consulting, a franchise matchmaking firm. Together, they have two decades of experience helping hundreds of people obtain their dream of franchise ownership.
Their wide array of knowledge and experience crosses all franchise segments including restaurants, retail, fitness, beauty, B2B, and B2C service franchise brands.
Connect with Brittany and Samantha HERE!
