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I couldn’t sleep but I’ve been up all night thinking about the future so I came here. I still haven’t started high school but I want my parents to not worry about me when I’m on my own.
Wow- awesome! Good for you being young thinking about your future. Keep envisioning yourself living the life you want. There is power in thoughts. Keep watching videos like this and reading business books. Surround yourself with people that have succeeded in life and business- you will find your way.
Get yourself a degree that earns you a stable job, and start building your dream from there. I have seen younger people try different things to "get rich quick" like BITCOIN, TH-camr... But the point is, everything has risks. The more net worth you have, the less risks you have. Is it riskier to raise your net worth from $1M to $2M, or from $10K to $2M, in the same amount of years? So, get a stable 9-5 job and start from there. If you want to be an entrepreneur, best degree is Engineering, because the top 10 companies in the world are engineering related.
The fact that you are so young thinking about the future should tell you that you will be successful in life. Find a mentor that is already successful and learn things that even colleges cannot teach.
I just turned 21, I am currently saving up all the money I can since I live with my parents too. I am definitely looking to open a franchise soon before I’m 30 atleast!! Thanks for this great video
I'm in college, and my future job pays $90k a year. I'm gonna save up and invest that money in to different areas and open a franchise and gain real wealth.
sometimes all we need is someone explaining this things in simple clear words. now I understand how franchise works. my favourite is KFC cause its more popular in my country Nigeria and other African countries. thanks a lot.
You made me learn a lot about franchise. You're explaining was beautiful and so simple to comprehend . I would like to thank you for the efforts you've made into making this informal video ❤
I'm sorry I made it. I made it type. Oh, that's why it looks increasing my favorite fast food franchises. Wendy's, and I'm wanting to own 1 day. And I wonder no and kips if I to start one
Great video and super simple and informative. I am a teacher and have been covering this for years. Do you have any information on how population effects whether or not a franchise will be successful? For example, how large should be a town be to support a McDonald's? Thanks.
Thank you for posting this, very helpful. My husband and I are thinking about opening our own franchise with the small local fast food company, but we would like to do it in a different state. What are things that you think I should be researching (any specific state regulations or bored of health laws) for we dive in too deep?
I enjoyed your video a small businesses and I'm a franchisee owner with a commercial cleaning franchise, and my main favorite franchise brands are the Marriott, 711 and Chick-fil-A like how you explain what is a franchise and your video provide a lot of information for the people out there that don't know what franchise it is or how it works very good video keep up the good work.
Thanks for the feedback Donte. Shoot me an email , would love to hear more about how you got into franchising and how it's going for you. info@tariqjohnson.com
Hi! New subscriber! Literally just sent a franchise application and came to TH-cam to educate myself. You were the first video I watched! Thank you for valuable information
hey, did you actually end up owning a franchise? if yes, how is it going? any advice for someone like me who is looking to get into Frenchise business?
Hi thank you I watch your video I am looking for franchise for many years how much money do you have to have to fully operated the McDonald's business ? If you don't have enough money will you be able to get a business loan to get started and also in order to get a loan how much money do you to show to the bank Thank you
Great video thanks ! I own a small bakery in Ireland and someone approached me to start a franchise for my bakery in Middle East , I know nothing about this or how to start the conversation or if it’s going to be worth it for us . Any advice ?
So would I, as the franchisor, get access to franchisee's information like payroll and customer reviews and whatnot? I would want to be sure all my franchisees are maintaining our standards.
I just found this channel and IT. IS. AMAZING. You are soooo knowledgeable and easy to listen to and follow. I may have missed this, but do you have a video discussing or can you tell me what Franchisors are looking for (in general) when they are deciding to say yes. Like are they going to be digging into my credit history, debts, etc? Would they say no due to high student loans even with an excellent credit score? Are they looking for you to have ZERO debt? What are some reasons they may deny you?
Hey thanks Ruby! Franchisors look at many things , but meeting their liquid/ net worth requirements are typically the first. You will definitely need to fill out an application and a personal financial statement. Most franchisors will also run credit. Typically as long as you meet their net worth requirements and have the down payment for an SBA loan, you can can get approved by the franchisor.
My favorite franchise brand is Adam & Eve. : ) I'm watching your TH-cam channel to learn more about exploring the opportunity to potentially become a franchisee for this brand. Good stuff. Thanks!
Great video! My question is, how important is Net Worth when applying for a franchise? I see a lot of franchises require a net worth of $300K+ Thanks in advance!
I’m 16 years old, and still in High school if you were in my shoes what do you wish you did differently? Any pointers you could give. I’m interested in becoming a franchisee, but don’t know where to start.
How to pay for the franchise? Do I need to get a business loan? Does the company have payment program with out loan? What if I want to move onto something else and the payment is not paid off yet?
Right I got you. That's going to be the hardest thing. To get a franchise to come aboard. To believe that you will be a good fit to represent their brand. I got drive to work with anyone or franchise. But how can I get them to??????
Hello, I’m a retired A/A female Kentucky State Government Social Worker. I will be 60 next month. I’m interested in learning about how franchise businesses work. Plus, would it be beneficial for me and if so, what type? Thank you
Great video thanks. I’m going to read your seven steps book soon. Just found out about it. What are the limits if any that a franchise system can impose on franchisees?
📘 FREE StarterKit - Zero to Profitable Franchise in Less Than 12 Months: Start fast in the franchising world.
Download Now: www.franchiseempire.com/o-ztpf-guide
I couldn’t sleep but I’ve been up all night thinking about the future so I came here. I still haven’t started high school but I want my parents to not worry about me when I’m on my own.
Wow- awesome! Good for you being young thinking about your future. Keep envisioning yourself living the life you want. There is power in thoughts. Keep watching videos like this and reading business books. Surround yourself with people that have succeeded in life and business- you will find your way.
Get yourself a degree that earns you a stable job, and start building your dream from there. I have seen younger people try different things to "get rich quick" like BITCOIN, TH-camr... But the point is, everything has risks. The more net worth you have, the less risks you have. Is it riskier to raise your net worth from $1M to $2M, or from $10K to $2M, in the same amount of years?
So, get a stable 9-5 job and start from there. If you want to be an entrepreneur, best degree is Engineering, because the top 10 companies in the world are engineering related.
The fact that you are so young thinking about the future should tell you that you will be successful in life. Find a mentor that is already successful and learn things that even colleges cannot teach.
I Love It My Advice Is Stay In The Library I Read Up On Passive And Residual Income All The Answers To Success Are In The Library
Fuck What That Other Guy Saying A Trade Is Better Than A Degree Open A Credit Union The Better Than Banks And Boost Credit Score
I'm 15. I'm gonna start a business. Saving up now--wish me luck.
You got it! Perfect time to start!
Wow if you are thinking like this at 15 you’ve got it already. Trust me. Keep going!!!
I just turned 21, I am currently saving up all the money I can since I live with my parents too. I am definitely looking to open a franchise soon before I’m 30 atleast!! Thanks for this great video
I'm in college, and my future job pays $90k a year. I'm gonna save up and invest that money in to different areas and open a franchise and gain real wealth.
Watching this 2 years later. Great video! Your hands are huge
Hey, thanks!
I am just 17Y old and I thought about franchises and I love business & investing , hope in future I can make my dreams come true .
I’m rooting for you!
sometimes all we need is someone explaining this things in simple clear words. now I understand how franchise works. my favourite is KFC cause its more popular in my country Nigeria and other African countries. thanks a lot.
Happy to help! Thanks for watching
Well, you explained franchise better than my textbook - so I guess that's a win. Thanks a lot :) !
Lol! Hopefully it helped you ace the test 😉
Facts
Fact
You made me learn a lot about franchise. You're explaining was beautiful and so simple to comprehend . I would like to thank you for the efforts you've made into making this informal video ❤
You made me feel at ease about owning a franchise. Thank you for sharing your time and information
I love the simplicity of explaining this to me. Better than all the readings and other videos thus far. Many thanks @TariqJohnson
Score! My pleasure
You explained the concept very well. Thanks
You’re welcome!
Watched this in 2024. Very informative. Thank you.
Gotta say I love 5 guys as well
🔥
Great video. Thanks Tariq!
We hope if u make some videos about franchising models and how to franchise your business!
A lot of people doubt me and what I want to do but it is possible. Working from food truck is good just not my route.
Thank you Tariq, this was a great video!❤
I'm sorry I made it. I made it type. Oh, that's why it looks increasing my favorite fast food franchises. Wendy's, and I'm wanting to own 1 day. And I wonder no and kips if I to start one
I responded to your other comment.
Great content! Thank you for simplifying this international market entry strategy for me.
Didn't know Marriot was a franchise . Ty for the video lesson.
Hello Tariq, good job. Thank you for sharing your insights.
My pleasure
Great video and super simple and informative. I am a teacher and have been covering this for years. Do you have any information on how population effects whether or not a franchise will be successful? For example, how large should be a town be to support a McDonald's? Thanks.
Not a specific on that topic. But I talk about market demand here th-cam.com/users/livezGsz9xzyH50?si=GVFax2oIg275M09k
Thank you for posting this, very helpful. My husband and I are thinking about opening our own franchise with the small local fast food company, but we would like to do it in a different state. What are things that you think I should be researching (any specific state regulations or bored of health laws) for we dive in too deep?
So what the advantages and disadvantages of franchise business in brief?
I enjoyed your video a small businesses and I'm a franchisee owner with a commercial cleaning franchise, and my main favorite franchise brands are the Marriott, 711 and Chick-fil-A like how you explain what is a franchise and your video provide a lot of information for the people out there that don't know what franchise it is or how it works very good video keep up the good work.
Thanks for the feedback Donte. Shoot me an email , would love to hear more about how you got into franchising and how it's going for you. info@tariqjohnson.com
Hi! New subscriber! Literally just sent a franchise application and came to TH-cam to educate myself. You were the first video I watched! Thank you for valuable information
Welcome Julie! Glad you enjoyed it. Make sure to check out the LIVE masterclass I’m doing tomorrow.
You sent the application before some type of due diligence? Just curious how that turned out.
hey, did you actually end up owning a franchise? if yes, how is it going? any advice for someone like me who is looking to get into Frenchise business?
@@mahirkanani2921 Hey how is it going did you end up owning one???
crumbl is one I would love to buy
They are sold out throughout the entire country.
I’m trying to learn about owning a restaurant because I have a brilliant idea for a restaurant and need help getting it started.
Restaurant business is a tough business.
Great video, very informative, detailed and elaborated. Thanks a lot mate!
I know this is 2 years ago... But this helps a lot because my husband and I want to open a mcdonalds and other franchise
Glad it helped. McDonald’s will be a tough one.
Hi thank you I watch your video I am looking for franchise for many years how much money do you have to have to fully operated the McDonald's business ? If you don't have enough money will you be able to get a business loan to get started and also in order to get a loan how much money do you to show to the bank
Thank you
im running Business in Dar es Salaam,Tanzania🇹🇿 i Build Brand for almost 6 yrs Thank You for education im about to go to franchise 🔥🔥
Great! Congrats!
Tariq u r so good! U explain so well, so simply. I feel so motivated. From South Africa
Thank you!
Great video thanks ! I own a small bakery in Ireland and someone approached me to start a franchise for my bakery in Middle East , I know nothing about this or how to start the conversation or if it’s going to be worth it for us . Any advice ?
Wonderful Intellect! Very Impressed!
Well, thank you!
Hi, how do I franchise my small independent funeral home in UK ?
Thank you
Thanks for explaining, What do you suggest is a good franchise to open now and how much should one start with?
All depends on you, your goals, your background etc. There is no one size fits all.
Thanks bigtime Tariq. This video was valuable
My pleasure, glad it helped!
amzing vry good.the way presented the info.
just supporting the channel
Appreciate that man.
I've def been thinking about this w an old abandoned Dairy Barn by my house. My neighborhood could use something there. I'm in NY. Thanks for info.
Awesome, go for it!
Ok you video was very informative and I didn't get to watch all of it but I'll be bk to watch it all
Glad you like it.
Very informative. Thanks for posting.
Glad it was helpful!
I loved this information
Thank you
My pleasure
Thank you so much great info!!!!
Perfectly explained and simplified this is so clear to understand you have really pumped knowledge to my head thanks.
8:53
Would you be able to do a. Idea on how to start franchising your company for business owners?
That's a great idea- yes I will.
Hi Tariq great job this is brilliant explanatory video on franchising
Thanks Rod!
Myself panning to take a franchise business I would like to know is there any others hidden expenses there other than you mentioned in the video.
How do you go about deciding which franchise to choose? I’m pretty sure city/location plays a part in what Franchise to start..
I just made a video on that! th-cam.com/users/liveqwkw8h3iMyk
Thanks for guide and mind opener about franchise
My pleasure
Hi, I'd like to know is it possible to take a loan from the bank inorder to open a franchise?
Great video.
I am interested in opening an American Eagle franchise, do you have any information in regard to the clothing industry. Thank you
How much attention do you have yo give it once its up and running?
Put the Playback speed at 1.25.thank me later 😊
Totally agree! I was talking pretty damn slow.
Thanks bro
Thanks cuz it made it a lot easier to listen to
Excellet Tariq! I like the way you have said it all! Good!
Thanks!
I have a business, looking at getting into franchising it. Doing research for now
This video will help th-cam.com/video/fj_IKImJMKg/w-d-xo.html
I loved this content ❤ thanks a lot😊
Glad you enjoyed it!
Do you do personal zoom classes?
Hi Tariq, thanks for your profound explaination. Grateful.
With love Jonas from Zambia
My pleasure!
Thanks for all the info you're providing in regards to franchises. New subscriber here!
Thanks and welcome!
Tariq is hosting a FREE online event, go register at dreamlifemastery.com/
So would I, as the franchisor, get access to franchisee's information like payroll and customer reviews and whatnot? I would want to be sure all my franchisees are maintaining our standards.
If that’s how you set it up.
Thanks million bro
You're welcome!
I love Wiener schnitzel. I'm from San Diego and recently moved to MO. The type of food here is really basic. I would think this chain would do well.
Sweet, are you going to open one?
How much do you have to invest in all this?
Amazing video
Thanks!
@@TariqJohnson 🐐
Thanks for taking ur time to explain this.... U have made it very easy to understand 💯
My pleasure.
Amazing content thank you
TARIQ I want to be a franchisee,Do I need to study economics to become a franchisee
I just found this channel and IT. IS. AMAZING. You are soooo knowledgeable and easy to listen to and follow. I may have missed this, but do you have a video discussing or can you tell me what Franchisors are looking for (in general) when they are deciding to say yes. Like are they going to be digging into my credit history, debts, etc? Would they say no due to high student loans even with an excellent credit score? Are they looking for you to have ZERO debt? What are some reasons they may deny you?
Hey thanks Ruby!
Franchisors look at many things , but meeting their liquid/ net worth requirements are typically the first.
You will definitely need to fill out an application and a personal financial statement. Most franchisors will also run credit.
Typically as long as you meet their net worth requirements and have the down payment for an SBA loan, you can can get approved by the franchisor.
Thank you
You’re welcome
Thank you for the information, just found your page and I like the real life perspective you give 💯 I greatly appreciate it
My pleasure Corey.
Any big franchise that deals with chili sauce?
My favorite franchise brand is Adam & Eve. : ) I'm watching your TH-cam channel to learn more about exploring the opportunity to potentially become a franchisee for this brand. Good stuff. Thanks!
Thank you. I hope to pass my APC board course with this information 🙏.
What?! Awesome!
You godda play big to win big - DPB
This is true. Scared money don’t make money. 😜
What if the franchise is already operating?
Please explain how franchise and shareholders work. Can you have shareholders when you own a franchise?
That is correct! If you want to find out more about franchising, you can grab my free ebook -> www.buyaprofitablefranchise.com/o-optin
My favorite franchise brand is Chipotle and Burger King
Chipotle is all corporate, not a franchise. Although I eat there 3-5 a week so I wish I did own one!
Great video! My question is, how important is Net Worth when applying for a franchise? I see a lot of franchises require a net worth of $300K+ Thanks in advance!
Cinnabon had a min requirement of 500K net worth
It’s definitely important. Some are more strict about it than others.
Hey I would like to ask more questions about owning a franchise
www.tariqjohnson.com/consulting
What’s the best way to raise the initial upfront money?
I’m 16 years old, and still in High school if you were in my shoes what do you wish you did differently? Any pointers you could give. I’m interested in becoming a franchisee, but don’t know where to start.
Wow! you explained very well and understandable way. Thank you very much.
My pleasure.
How to create my own franchise? Already I have one single branch running 😀
You explained it so easily. 😎
Thank you
Does the Franchisor ever pay those startup fees?
My pleasure. In 99% of instances they do not pay the start up costs.
What's your website?
How and we’re do I get more in person info on franchising?
In person? Not sure about that. But we have free resources at www.franchiseempire.com/
How to pay for the franchise? Do I need to get a business loan? Does the company have payment program with out loan? What if I want to move onto something else and the payment is not paid off yet?
This video will help answer those questions.
th-cam.com/users/live5t7_Zo2tbxs
Would love to see the formal way to ask a company in a letter to become a franchise
What?
Right I got you. That's going to be the hardest thing. To get a franchise to come aboard. To believe that you will be a good fit to represent their brand. I got drive to work with anyone or franchise. But how can I get them to??????
I like to franchise the WATSON, STARBUCKS COFFEE, and MC DONALDS.
Starbucks doesn’t franchise to individuals. McDonald’s is ambitious.
thanks man understand a lot
Happy to help
What is the Best Percentage for a Franchisor monthly ?
Hello, I’m a retired A/A female Kentucky State Government Social Worker. I will be 60 next month. I’m interested in learning about how franchise businesses work. Plus, would it be beneficial for me and if so, what type? Thank you
Hi Sharon, we'd love to help point you in the right direction! You can schedule a free call with my team here- consulting.tariqjohnson.com/apply
Thank You!
You're welcome!
I want to do what Shaq does. How do u become a absentee business owner?
Beautifully explained! Keep it up!
Thank you!! 😀
Can you use a sba loan to start a franchise or you you need personal money ?
I’d like to open a Buffalo Wild Wings in my country… what’s the first step after getting the capital?
Reach out to them on there franchise website.
Great video thanks. I’m going to read your seven steps book soon. Just found out about it. What are the limits if any that a franchise system can impose on franchisees?
Hope you enjoyed the blueprint. There are many limits- all would be listed in the FDD.
@@TariqJohnson What is the FDD?
My favorite is Popeyes and ihop how can I franchise these and bring them to my country
Go to their website?