Subnostr

Hey NOSTR network, I am looking for comments / opinions on the following…

The franchise model is _______?

Background: I have an opportunity to buy into a franchise model in my hometown and surrounding area. I’m a physical asset / finance guy and this is a physical asset business.

I should be able to acquire the franchise without putting my stack at risk via SBA loan and a btc collateralized loan. I’ve always wanted to start and run my own business, but transitioning from the corporate world into a purely entrepreneurial venture has proven difficult during this credit cycle - everything is too expensive to derisk the business model to my preference (bitcoin fixes this, eventually, but the timeline is extending too long for my liking).

So what do you and your NOSTR network think about the franchising business model? Anything specific to consider? Any nuance to the diligence process?

Bitty 2y ago

Have you considered buying an underperforming business instead? Codie Sanchez and Economic Ninja have good YouTube content. Franchises are Fiat imho.

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Discussion

BoomTown 2y ago

I tend to agree with that assessment…I have looked in the area we want to live and there isn’t much for sale via broker networks.

Bitty 2y ago

Word of mouth is the best. Id personally wait 6-12 months as I think things will look a lot different. Keep an eye out for older folks who might want to retire, leave the area or just need a change. Local divorce attorneys might have some leads.