Is a Business Coaching Franchise the Right Fit for Your Personality?

Is a Business Coaching Franchise the Right Fit for Your Personality?

Many people who look into buying a business coaching franchise do so because they love working with people. They enjoy entrepreneurship, counseling, coaching, and leadership. Business coaching is an excellent career for people with these gifts and interests. If you're just beginning to decide whether or not business coaching is right for...

Ever owned a business coaching franchise? This has probably happened to you…

Ever owned a business coaching franchise? This has probably happened to you…

If you've ever owned a business coaching franchise, then this has probably happened to you... After owning my franchise for a couple years and running it very successfully, franchisors started thinking of me as the "go-to guy" to whom they sent prospects and candidates in the middle of the due diligence process. After all, the franchisors figured...

Do You Really Own Your Business Coaching Franchise?

Do You Really Own Your Business Coaching Franchise?

When you buy a business coaching franchise, do you really own it? This idea that your business coaching franchise is yours is, perhaps, one of the most common myths in franchising. The truth is, as Robert Purvin notes in his book on franchises, a franchisee who has PAID for the right to own a business usually has fewer rights than most employees!...

Do Business Coaching Franchisors Support their Franchisees?

Do Business Coaching Franchisors Support their Franchisees?

How well do business coaching franchisors support their franchisees? If you're looking to buy a business coaching franchise as opposed to starting your own firm from scratch, it's probably because you hope for the extra support and expertise a business coaching franchisor would bring to the table. But is that a realistic expectation? Robert...

What Should I Expect to Pay Up-Front in Business Coaching Franchise Fees?

What Should I Expect to Pay Up-Front in Business Coaching Franchise Fees?

If you're considering a business coaching franchise, one important thing to know is how much you should expect to pay in up-front business coaching franchise fees. Typically, the Franchisor will charge you licensing and training fees up-front. Depending on the circumstances, this can amount to $25,000 to $50,000 for the license, and an additional...

Do Business Coaching Franchises Create Critical Mass?

Do Business Coaching Franchises Create Critical Mass?

One of the most common reasons business coaching franchisors cite when pitching prospects is that business coaching franchises create critical mass. In other words, when you purchase a franchise, you're "joining a movement," they'll say. You're contributing to massive market penetration. And as the movement grows, your franchise will enjoy a...

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Coaches’ Coach = Family

Coaches’ Coach = Family

One word: FAMILY. You’ve got a family here. You can have conversations with them, get advice from...