In this insightful episode of Brainstorm with VAM, we explored the world of franchises with Dr.Chackochen Mathai a seasoned franchise expert with 35+ years experience.
Franchising can be a powerful pathway to business success, providing a proven model and brand recognition to aspiring entrepreneurs.
However, not every franchise is a golden opportunity. In fact, many franchisors are engaging in fraudulent practices, leaving franchisees trapped in bad investments with little recourse.
We uncover the dark side of franchising and provide you with essential tools to spot red flags in franchise deals.
Dr.Chackochen shares his expertise on what to look for in a legitimate franchise and how to evaluate a franchisor’s credibility.
We'll break down common tactics used by scammy franchisors, why they do it, and how you can protect yourself before signing any agreements.
If you're considering investing in a franchise or are curious about the franchise industry, this episode is a must-watch.
Equip yourself with the knowledge to identify legitimate opportunities and avoid costly pitfalls.
Don't fall victim to a franchise scam - tune in and learn from an industry expert!
Guest: Dr.Chackochen Mathai
Handles 👇
Insta: chackochen_mathai
LinkedIn: www.linkedin.com/in/dr-chackochen-mathai-a487a22/
Host : Venki AnbuMani
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Below are the Topics we covered in the Podcast
0:00 Trailer
1:05 What do you get from this episode?
03:08 Who is Dr.Chackochen Mathai?
04:52 How does a franchising business work?
07:45 Evaluation of franchising opportunities
11:30 Step by step process to start franchise business
19:17 CSK Franchise business model
22:20 Legacy brands in Franchising
23:50 What support should franchises expect from the franchisor?
30:25 What factors should I consider when starting a franchising business?
32:40 Common mistakes franchisors make in their outlets.
40:00 Naturals Salon Franchising Strategies
58:15 Own business vs Franchising business
1:01:18 Time management for Business man
1:05:55 Why Read Books and the Best Book Suggestions
1:13:20 Key Takeaways for Franchisors and Franchisees
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