Short transcript excerpt of Tony Meredith describing key advantages of joining a franchise: ready-made operations manuals and procedures, access to a support community and training, and a time-compression effect that—despite franchise fees—raises support, shortens the learning curve, and increases the probability of business success.
Well, you guys have created the operations manuals and the procedures around here's all the things that you need to be doing. On top of that, you know, being part of a franchise community is I've got a group of people who perhaps are going through what I'm going through, perhaps have been through what I'm going through and I can lean on them from their own experiences. So there's support, there's training, so there's a whole range of people around me. So the big thing that I would, you know, I know I've given you a long winded response to your question, but the difference would be time. So that is, in a franchise community you will compress your time. And so the way that I would describe it is yes, it costs you some money to be involved in a franchise community as an investment, but you have compressed your time, you have increased your support network around you and you have significantly increased the probability of success.
