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Why Projections Are Crucial in Franchise Due Diligence: Expert Insights
Why Projections Are Crucial in Franchise Due Diligence: Expert Insights
Understanding accurate projections is crucial for anyone considering a franchise investment. In this video, we explore why franchise projections play a vital role in the due diligence process. From financial projections to franchise agreements, this expert dives into the importance of knowing your numbers and the risks of jumping in too soon. Learn how different markets, costs, and SBA financing can impact your business success and why taking time with projections can save your franchise from failure. If you're serious about franchise ownership, this is a must-watch!
Question: Why do you always emphasize that projections are a critical part of due diligence in the franchise buying process? How do accurate projections impact the success of a franchise investment?
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📌 Timestamps:
00:00 - Why are projections critical in franchise due diligence?
00:35 - The role of a franchise consultant and SBA loan broker
01:09 - The importance of understanding your franchise projections
01:35 - Key questions to ask during the franchise validation process
02:07 - Common mistakes in budgeting and projections
02:36 - Why top-line revenue doesn’t guarantee success
03:00 - The scale of the franchising industry and failure rates
03:34 - Why franchise retention rates matter
04:00 - Resources to help with projections
04:19 - How to check if a franchise is available in your market
💥 Thanks for watching 💥
#FranchiseInvestment #BusinessProjections #FranchiseDueDiligence #SBAFinancing #FranchiseSuccess #FranchiseConsultant #BusinessFinance #SmallBusinessAdvice #franchiseownership
About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.
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