What Training Can You Expect from a Business Coaching Franchise?

What Training Can You Expect from a Business Coaching Franchise?

If you're considering a business coaching franchise, the quality of their training probably has something to do with it. But what training can you expect from a business coaching franchise? In the typical franchise, as soon as you sign the Franchise Agreement, you will be scheduled for the next available training date. This training is designed...

Why Most Business Coaching Franchisors Charge a Monthly Royalty

Why Most Business Coaching Franchisors Charge a Monthly Royalty

Despite everything you might hear to the contrary, most business coaching franchisors charge a flat monthly royalty (as opposed to a percentage of revenue) for one simple reason: they’re determined to get paid even if you don’t. Cynical sounding, but absolutely true, I assure you. In the franchising world, it’s well-known and understood that...

Business Coaching Franchise Failure Rate

Business Coaching Franchise Failure Rate

Perhaps you've heard the statistic that only 5% of franchises fail within five years. But how does this compare to the business coaching franchise failure rate? Before you buy this statistic hook, line, and sinker, keep in mind that the majority of franchises sold in the United States are what franchise expert Robert Purvin calls "blue chip"...

Starting a Business Coaching Franchise: How Much Money Does it REALLY Take?

Starting a Business Coaching Franchise: How Much Money Does it REALLY Take?

Most prospective business coaching franchise owners aren't sure exactly how much they should expect to invest to launch a new business coaching franchise. That's because the full costs of starting a business coaching franchise are often hidden in the fine print or wrapped up in the day-to-day operations of the business. So if you're wondering how...

Should You Be a Local or Global Business Coach?

Should You Be a Local or Global Business Coach?

Should you aim to be a local or global business coach? If you're considering a business coaching franchise, it might not even be a question you can ask. In most cases, business coaching franchisors restrict you to a local market. They say it's a benefit. But is it really? The fact is, in 90% of cases it's easier to go global than it is to go...

Is Brand Recognition for a Business Coaching Franchise Valuable?

Is Brand Recognition for a Business Coaching Franchise Valuable?

Often, when you're considering a business coaching franchise, the franchisor will tell you that their "brand recognition," in and of itself, is a valuable asset that will bring you business. But is brand recognition for a business coaching franchise really valuable? Usually not. True national brand recognition is generally only...

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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...