When it comes to owning a franchise the most important thing you can do to set yourself up for success is to do your due diligence.

And the most effective way to do your due diligence is with FranNet's 7-step process that sets you, the potential franchisee, up for long-term success.

Today, we are joined by Jania Bailey who joined FranNet in 2006 and in 2015 assumed the role of CEO of FranNet. Under her leadership, she has led the company through unprecedented growth and has established FranNet as the most respected voice in the franchise consultant industry in North America and is a certified franchise expert.

Jania is diving into the 7-step process that she uses to set you up for success as well as clearing up the most common misstep she sees with potential franchisees and diving deep into factors like risk tolerance, financial performance, and the emotional impact of running a franchise.

So, whether you are a potential franchisee or an emerging franchisor this episode is packed with actionable steps for long-term success.

Connect with Jania:

Phone # 502-719-8349

Email: jbailey@frannet.com

LinkedIn: linkedin.com/in/janiabailey

Episode Highlights:

• The 7-step process of FranNet

• Common shortcuts taken by prospective franchisees

• Characteristics of a good franchisee-franchisor match

• Knowing your risk tolerance when as a franchisee

• Financial considerations when buying a franchise

• Insights on the Franchise Disclosure document (FDD)

• Responsible franchising practices

• Importance of franchises understanding key performance indicators (KPIs)

• Understanding the emotional investment of a franchise

Connect with Tracy

Personal LinkedIn: https://www.linkedin.com/in/tracy-panase/

JBF LinkedIn - https://www.linkedin.com/company/jbfsale

JBF Franchise System - https://jbfsalefranchise.com/

Email: podcast@jbfsale.com

Connect with Shannon

Personal LinkedIn - https://www.linkedin.com/in/shannonwilburn/

JBF LinkedIn - https://www.linkedin.com/company/jbfsale