Why You SHOULD NOT Buy a Franchise!!

[@TariqJohnson]

What do you think about franchising? Make sure to grab my FREE 7 Step Blueprint to Business Profits in 60 days! www.tariqjohnson.com/

[@bouncybeatz]

The reason for buying a franchise is to replicate a successful business model cutting out the failures of building a business costing more than a franchise would. Support is there from the franchisor to make it a success so you are buying experience and expertise to make it a success, Building a business from scratch is much harder and could become more costly

[@lizjane1349]

think about what "support" could entail though. some franchisors go way beyond "support" in some cases micro managing your entire venture, which essentially means you have paid upfront for a very unpleasant job in some cases

[@TheCookieMaster27]

I'm in the very early stages of discussing a franchise opportunity(in the UK though) and your videos have provided me a wealth of information in such a short period of time. I feel better equipped going forward to ask the right questions and make the right choice for me, so thank you!

[@TariqJohnson]

Awesome!! Thanks for the feedback. Let me know how it goes!

[@michellepitzer9774]

I don’t like all the decision making that comes with starting my own business. This is coming from someone who took 8 years to decide what color to paint her kitchen lol.

[@TariqJohnson]

LOL oh wow. Owning a business isn't for everyone. Important to know that. If you wanted to though, you can build the habit of making decisions more quickly. Procrastination usually stems from fear.

[@Leslie34565]

Very insightful advice. Ask how many termination and why How many default letter sent out per quarer?

[@TariqJohnson]

Solid advice

[@KidsLearnHTML]

I ❤ KZbin. This information is worth thousands of $$$. Thank you Tariq. I smashed the Like and Subscribe button on this one!

[@TariqJohnson]

RIGHT?! Glad you found the video helpful, and thanks for the support!

[@alexjones8113]

So far so good your videos gave me a deeper understanding of the business world. So my game plan is to go for an accounting course in my college in Singapore as a skill set that I will find very important in a business. As always thank you for the in-depth, detailed videos.

[@TariqJohnson]

Accounting is definitely an important skillset Alex- always one you can outsource too 😀 Kudos for having a plan, and taking meaningful action towards your future! Thanks for watching!

[@alexjones8113]

@@TariqJohnson thank you sir but quick question can a manager handle multiple locations?

[@TariqJohnson]

Yes- if you have the right manager.

[@alexjones8113]

@@TariqJohnson noted thanks, congrats on your new office btw :D

[@RonSommar]

I think you are absolutely right: better create your own business, instead of buying a job.

[@TariqJohnson]

Thanks? I was explaining who franchising is NOT for, I didn’t say franchising isn’t a good idea. There are tens thousands of people , if not more who have built successful franchise businesses and teams- NOT buying a job. There are plenty of others who have not. Just like any pursuit in life- some people succeed, and some don’t. The question is- how do you intentionally create the success you desire, and drastically increase your probability in doing so.

[@ccalexander1924]

I just emailed you ! I will be reading your blueprint materiel soon ! Thank you for the videos and Information about owning a franchise. It’s a HUGE commitment. I’m taking my time researching the company that I am thinking of franchising and I plan on reaching out to the franchise owner of the one that is near me. I want to make sure it’s the right decision for me. I’m ready to put in a lot of time including weekends. I will continue to watch your videos. Very Inspiring !

[@TariqJohnson]

Hey- what was your name on the email?

[@kandaharmusic1350]

Hello great video I have been researching franchise opportunities. This video really highlights the issues and commitments required to become a franchisee. There are many videos online for but not against therefore your video caught my eye.

[@TariqJohnson]

Glad you found it helpful. Franchising is great, but it's not for everyone.

[@chinwemaduka2430]

Thanks for sharing this information to the general public.

[@chrismog286]

Chinwe nwa nnem, how are you? I'm also working on getting a franchise started. 👍

[@BarnabyBarry]

What about a franchise in Thailand? Lots of 7-11, taco bell, subway? Very low building costs-very low wages? Cool videos-learning a lot from you!

[@rcaction8030]

Great Videos. Thanks again Tariq. Very informative

[@TariqJohnson]

Yessir glad you like them! Hit me up on the website if you need help during your process.

[@kshan6911]

I’m in the process of buying a fun bus franchise . I’m scared cause it’s just me lol .. any suggestions

[@TariqJohnson]

Due your due diligence and make sure it’s the right move for you, have clear goals, and work your ass off.

[@waynez3885]

Tariq, thanks for the insightful videos

[@TariqJohnson]

My pleasure! Thanks for watching

[@suphakornwatthanathanom3636]

Thank you for sharing 😇🙏🏽

[@TariqJohnson]

Any time!

[@marioandultrachap]

Thats my question if i only have to work hard for a couple weeks or so thats not a big deal its a short amount of time whatever itll be worth it long term again what i DONT buy is a job that i have to show up for everyday.

[@Marce776]

Hi Tariq , what is your opinion about opening a food franchise in 2021 ? thank you for all the information

[@TariqJohnson]

There are plenty of food franchises having success. Largely depends on where, and what franchise. What are you looking at? Send me an email at [e-mail]

[@darryldowden4781]

is it a good idea buying a existing franchise

[@Leslie34565]

Absolutely,

[@mfjeremy5891]

Great info

[@TariqJohnson]

Thanks for watching!

[@bobbysoto7821]

Are royalties tax write-offs, therefore eventually made up in business tax savings? Super new to franchising, trying to make sense of the big picture. Thanks,

[@TariqJohnson]

Yep, that is correct. It's on your P&L as an expense, therefore a tax write off. ( not tax advice 😜

[@armandoavila3548]

What are your thoughts on a 10 year contract that ends with the franchisor taking over with no compensation to the franchisees?

[@TariqJohnson]

Not sure I understand. You can always sell the business at any time.

[@ticklenosefacepainting571]

I have came across a bran new business that opened this February 2021 and is so good and unique that I want in. I did ask a manager if they had another location and she said "not yet but is highly probable in the near future!" I feel this is the prime time to get on board and have no idea how to approach the owner nor do I have franchise experience. I have been watching your videos and have learned more then expected! How would you handle the first step for a bran new company?

[@TariqJohnson]

Did you email me about this?

[@ronwhiteleo3352]

Dude it’s a scam

[@marioandultrachap]

10:00 i dont like follow rules UNLESS im getting paid. Lol

[@darryldowden4781]

what is the best franchise to buy

[@ronwhiteleo3352]

If you put that 300k in Bitcoin, you would be set free

[@TariqJohnson]

Hind sight is always 20/20. 😏

[@lastandfirstname]

@@teeteeshouse lol

[@pipshark1895]

Rolled eyes at this title… ugh!

[@TariqJohnson]

Why?

[@grandwonder5858]

For a guy that says he doesn’t give people BS and that he cuts to the chase, he sure is BS’ing a lot and makes me wait nearly 3 minutes before he gets to the point and talks about the subject at hand! Two thumbs down from me! 👎👎

[@TariqJohnson]

Thanks for the feedback. You can also skip ahead, or watch the video on 1.5x speed. I hope you have a great day, and excited to see your videos when you put them up! 😉

[@blackopal3138]

Wow, very reminiscent of Obama.

[@TariqJohnson]

☺