Owning a Franchise | 5 Things You Must Know [Franchise Owner Reveals]

  Рет қаралды 1,991

Tariq Johnson

Tariq Johnson

Күн бұрын

Пікірлер: 35
@jeffw3108
@jeffw3108 3 жыл бұрын
Tariq, thank you so much for all your wonderful videos and passing on your knowledge. It is no wonder that you are such an amazing Franchisee. You're demeaner and presentation is impeccable. I am taking notes on your attitude and positivity to inspire me to be the best franchisee in my business. Again, thank you for all of your effort in helping us out. Keep up the great work, my friend.
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Appreciate those kind words Jeff- good luck to you on your new endeavor!
@thebtran1009
@thebtran1009 2 жыл бұрын
I believe in you at no.4, i started up small store, i don't know all your share before, now i relized its exactly, absolutely.
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Hind sight is always 20/20 😎
@ZenLenfilms444
@ZenLenfilms444 4 жыл бұрын
Quality transparent info. Good stuff.
@TariqJohnson
@TariqJohnson 4 жыл бұрын
Appreciate it brotha!
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Tariq is hosting a FREE online event, go register at dreamlifemastery.com/
@paperstraws2429
@paperstraws2429 4 жыл бұрын
I have to say, you and your wife must be very proud about buying these franchises. The quality of the videos keep getting better and better. Keep it up bro 💪
@TariqJohnson
@TariqJohnson 4 жыл бұрын
It’s been an amazing growth opportunity for us. I appreciate the kind words! More to come 😎
@paperstraws2429
@paperstraws2429 4 жыл бұрын
@@TariqJohnson I really appreciate the transparency of your channel and showing off what's great and what's not. You can tell by the way you talk, you know what you're talking about.
@TariqJohnson
@TariqJohnson 4 жыл бұрын
@@paperstraws2429That's really awesome feedback, thanks! If there's any topics you'd like me to cover. Let me know!
@paperstraws2429
@paperstraws2429 4 жыл бұрын
@@TariqJohnson maybe some of the steps required to start a franchise???
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Sure thing! Will add to the list. Feel free to hit me up at info@tariqjohnson.com if you have specific questions!
@RoyalQueengoddess1993
@RoyalQueengoddess1993 3 жыл бұрын
In need of help finding franchise opportunities in NC and seeking a consultant
@TariqJohnson
@TariqJohnson 3 жыл бұрын
You've come to the right place. www.tariqjohnson.com/consulting
@moet3038
@moet3038 2 жыл бұрын
Tariq.. Thank you so much for your videos! Can you point me to a Franchise consultant. I'm located in Ft. Worth Texas.
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Yes- send me an email at info@tariqjohnson.com
@davemacmelville914
@davemacmelville914 3 жыл бұрын
Tariq, I have truly enjoyed your informative videos. After 28 years serving in the military I have been looking at franchise opportunities heavily for the last 2 months. I am looking at the flooring and insulation businesses specifically because they seem to be largely recession resistant. I have participated in discovery days for both industries. Both seem viable and I may be interested in investing in both simultaneously as start ups in my demographic. If I start both companies as LLC's under the umbrella of a C corp are there tax liabilities I'm not considering aside from that of each LLC under the umbrella?
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Hey Dave, glad you've been finding the videos helpful! Thank you for your 28 years of service! A couple of quick thoughts: Be cautious in doing 2 franchises at once or back to back. My advice would be start with one. If you need some guidance on narrowing that process down, or want some 3rd party non bias insight you can send me a note at info@tariqjohnson.com In regards to taxes and LLC/C- Corp. That depends on your situation, as well as where you live. I'm not a tax expert so I would seek guidance from a CPA on that question. I'm launching a franchise consulting service, so would be honored to help you along the process if you want it. Here's to your success!
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Tariq is hosting a FREE online event, go register at dreamlifemastery.com/
@BonBonShrimp
@BonBonShrimp Жыл бұрын
For franchises whose FDD does not include item 19 (revenue and profit numbers for franchisees), what is a good way to still get some idea about those numbers?
@TariqJohnson
@TariqJohnson Жыл бұрын
You'll need a blank pro- forma, and to piece together the data on a bunch of franchisee validation calls.
@pigtailscrewcuts4345
@pigtailscrewcuts4345 4 жыл бұрын
Hey Tariq, regarding creating and reviewing Proforma numbers, is this something franchisors will help to put together or would I be on my own to do?
@TariqJohnson
@TariqJohnson 4 жыл бұрын
Typically a franchisor will provide the template. If they don't you'll need to create one or find one- as the calculations can be complex. The franchisor can help with some realistic data to use for the pro-forma, OR you can talk to existing franchisees. That's what I did. Corporate is really careful around setting expectations on any sort of performance you may or may not experience- so your greatest resources are often other franchise owners in the system.
@brittneymassey
@brittneymassey 2 жыл бұрын
Can you include any type of crypto passive income as liquid cash if I transfer it to my bank?? I hope that question makes sense.
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Cash is cash , and considered liquid no matter where it comes from. 🙂
@catherinelepetit2796
@catherinelepetit2796 3 жыл бұрын
Hi Tariq! I received my Franchise agreement... YAY! About to sign but wanted to ask you if I should have it review with a lawyer or if the agreement is non negotiable anyway? Thanks!
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Congrats! It’s 50/50. Often times Franchise agreements are non negotiable. I would ask the Franchisor delicately and see how they respond.
@catherinelepetit2796
@catherinelepetit2796 3 жыл бұрын
@@TariqJohnson They said it was non-negotiable :-(, I guess I won't "waste money" on a lawyer!
@TariqJohnson
@TariqJohnson 3 жыл бұрын
Tariq is hosting a FREE online event, go register at dreamlifemastery.com/
@lisagurrie8143
@lisagurrie8143 Жыл бұрын
Can I get your blueprint please?
@TariqJohnson
@TariqJohnson 11 ай бұрын
Email us at info@tariqjohnson.com and we'll send it to you.
@ayshinae
@ayshinae 2 жыл бұрын
Hey I sent you an email already. I would love to be connected to a trusted consultant! Please help!
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Just responded to your email.
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