How To Open A Gym, Boxing, Fitness Franchise As A Franchisee

Insights from an expert in franchising: CEO and founder of CKO Kickboxing - a gym franchise with 80+ locations.

What you'll learn

See whether you are more suited to be independent or be a part of a bigger franchise

Learn about the biggest misconceptions new entrepreneurs have when opening a franchise

Learn from a seasoned expert about what's important and what it takes to succeed as a franchisee

Learn how to raise money to open your franchise

Requirements

There are no prerequisites for this course.

Description

Learn how to become a franchisee from someone who created a successful franchise which grew to 80+ locations, and helped those 80+ franchisees get started.In this course, Joseph Andrula, CEO of CKO Kickboxing shares his valuable insights on how to choose a location, how much money you need to start a franchise, and much more.This course focuses mostly on how to start a fitness franchise or a gym franchise, but most of the knowledge in this course can be used to open any kind of a franchise. BENEFITS OF STARTING A BUSINESS AS A FRANCHISEEWhen you buy into a franchise system, you get marketing help, branding help, help choosing an ideal space for your business, negotiating your lease, and much more. Most entrepreneurs aren't expert marketers, have never chosen a location before, and have never negotiated their lease. So buying into a franchise can be immensely helpful because you also get the mentoring from the franchise. The franchise system will be on your side, and will want you to succeed, so you'll always have mentors and help that you wouldn't otherwise have.ADDITIONAL SECTION ON FUNDRAISINGSince it can be quite expensive to open a franchise location, the second part of this course focuses on how to raise money from a number of different sources, so you can combine a number of strategies to raise money in order to eventually come up with the funds you need.Invest in your future! Enroll today!

Overview

Section 1: Introduction and welcome

Lecture 1 Introduction and welcome

Section 2: Basic things to understand about yourself as a business owner

Lecture 2 What kind of person typically succeeds as an entrepreneur

Lecture 3 How to know if you would make a good franchisee

Lecture 4 What to expect from a franchise in what the franchise helps with

Lecture 5 How the franchisee should choose a location and how the franchise helps

Lecture 6 How long it might take to open a franchise location

Section 3: Opening a business as a franchisee

Lecture 7 Costs of opening as a franchisee

Lecture 8 Additional fundraising ideas to fund a franchise

Lecture 9 Should your business should be an LLC or a different business entity

Lecture 10 Review the franchise disclosure document, also known as the FDD

Section 4: Your passion

Lecture 11 How to maintain your passion for the business

Lecture 12 A common error while franchising

Lecture 13 Discussion of a famous business book to reinforce these points

Section 5: Delegation and hiring

Lecture 14 How to think about delegation and hiring as a small business owner

Section 6: Fundraising to start a business

Lecture 15 Section introduction - fundraising ideas to start your business

Lecture 16 How much money you need to raise so you can choose appropriate fundraising ways

Lecture 17 Fundraising strategy with loans: Risky but possible & here is how

Lecture 18 Fundraising strategy 2: Many entrepreneurs ask about this, but find it difficult

Lecture 19 Resources and websites to supplement previous lecture (grants)

Lecture 20 Fundraising strategy 3: Raising money from investors

Lecture 21 Fundraising strategy 4: Donations via crowdfunding

Lecture 22 Fundraising strategies 5 and 6: Generate money from your company's revenue

Lecture 23 Fundraising strategy 7, 8, 9: Events/workshops, educational products & work

Lecture 24 Fundraising strategy 10: Lead-gen ideas that can earn you revenue & get clients

Section 7: Conclusion

Lecture 25 Additional content

This course is ideal for people who want to open a franchise business.