Here is a link for downloading the My Franchise LIFE Plan from Franchise Business Review. Exploring franchise opportunities and opening your own business is an exciting event for most entrepreneurs. It can also feel overwhelming at times. Our goal at Franchise Business Review is to provide you with the tools and resources you need to make the process as easy as possible, and help you make an educated franchise investment.
This workbook will help you estimate both the startup costs of your new business, as well as the long-term potential return on investment (R.O.I.). You can use our My Franchise LIFE Plan workbook to evaluate the financial potential of any franchise business, and also compare multiple franchise investments opportunities. While life will probably throw you some unexpected curveballs down the road, it is important to go through the exercise of long-term financial planning to be sure a business has a solid chance of meeting your goals and financial expectations.
Over the past several weeks, the novel coronavirus has prompted in-home health care companies to intensify their franchisee support efforts. Within days of the outbreak, franchisors stepped up their communications; sourced and shipped scarce personal protective equipment (PPE); and spent hours synthesizing and reporting out policy changes that would affect how their franchisees could operate within their regions, states, and municipalities.
In this episode, it was our pleasure to speak with Jesse Johnstone, the President of Fibrenew. He explains to FBR's CEO, Eric Stites, how Fibrenew is designed to succeed in both good times and bad and discusses the way they're supporting they're franchisees in the midst of the COVID pandemic.