Franchise Your Business Book Summary - Franchise Your Business Book explained in key points
Listen to the Intro
00:00

Franchise Your Business summary

Mark Siebert

The Guide To Employing The Greatest Growth Strategy Ever

4.7 (25 ratings)
16 mins

Brief summary

'Franchise Your Business' by Mark Siebert is a must-read for entrepreneurs wishing to systematize their business. Siebert's expert franchise advice, tips and examples will guide you through creating a successful business franchise.

Table of Contents

    Franchise Your Business
    Summary of 7 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 7

    Franchises are built on mutually beneficial relationships between business owners and their franchisees.

    When it comes to modern business, franchise structures are everywhere. Many businesses today increase their market share and expand across new areas by creating a franchise.

    So what is a franchise exactly?

    A franchise is a partnership between a franchisor and a franchisee. A franchisor is typically someone who already owns a thriving business. Franchisors create a contract that allows another party, the franchisee, to copy and use the existing business model. And with that, a franchise is born!

    Hold on, you might be thinking – why would any aspiring business owner want to join a franchise? After all, wouldn’t it be more exciting to create a unique business of one’s own? Sure! But starting your own business, as we all know, is tough. Becoming a franchisee, on the other hand, has a lot of perks that make those difficult first stages easier.

    Franchisees can take advantage of the franchisor’s brand, trademark and customer base, rather than having to build up their own from scratch. Franchisees also benefit from the training provided by the franchisor, helping them set up and run the business as smoothly as possible. Plus, franchisors provide ongoing support in challenging areas, including finance and operations. This way, franchisees can hit the ground running and get their branch off to a great start.

    Of course, franchisors don’t take care of everything for the franchisee. Franchisees invest their own money and are responsible for all loans taken to open up the new branch. They’re also expected to pay a certain percentage of their sales to the franchisor and buy supplies, from ingredients to branded equipment, from them as well.

    Want to see all full key ideas from Franchise Your Business?

    Key ideas in Franchise Your Business

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is Franchise Your Business about?

    Franchise Your Business (2016) reveals the ins and outs of setting up a business franchise. From winning over franchisees to ensuring your brand’s quality across branches, these blinks are a practical guide to franchising, helping you to scale up your business with a powerful growth strategy.

    Franchise Your Business Review

    Franchise Your Business (2016) is a comprehensive guide to successfully expanding your business through franchising. Here's why this book is worth reading:

    • It provides practical, step-by-step instructions on how to franchise your business, allowing you to tap into new markets and increase your brand's reach.
    • With real-life case studies and examples, the book offers valuable insights into the challenges and rewards of franchising, helping you make informed decisions.
    • By outlining key legal and financial considerations, it ensures you have a solid foundation for building a successful franchise, minimizing risks and maximizing profits.

    Best quote from Franchise Your Business

    And while it is not right for everyone, franchising is, without a doubt, the most dynamic growth vehicle ever invented.

    —Mark Siebert
    example alt text

    Who should read Franchise Your Business?

    • Business owners looking for ways to grow their brand
    • Managers curious about the inner workings of franchise owners
    • Anyone interested in classic business strategies

    About the Author

    Mark Siebert is an expert in franchising and founder of iFranchise Group, which specializes in franchisor relationships. Throughout his career, he has worked with companies like McDonald’s, Subway and Nestlé. He has also worked as a lecturer at Northwestern University and the University of Chicago.

    Categories with Franchise Your Business

    Book summaries like Franchise Your Business

    People ❤️ Blinkist 
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked these summaries

    4.7 Stars
    Average ratings on iOS and Google Play
    32 Million
    Downloads on all platforms
    10+ years
    Experience igniting personal growth
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial

    Franchise Your Business FAQs 

    What is the main message of Franchise Your Business?

    Franchise Your Business shows how to build a successful franchise and expand your business.

    How long does it take to read Franchise Your Business?

    The reading time for Franchise Your Business varies, but the Blinkist summary can be read in just 15 minutes.

    Is Franchise Your Business a good book? Is it worth reading?

    Franchise Your Business is worth reading for anyone interested in growing their business through franchising.

    Who is the author of Franchise Your Business?

    The author of Franchise Your Business is Mark Siebert.

    What to read after Franchise Your Business?

    If you're wondering what to read next after Franchise Your Business, here are some recommendations we suggest:
    • Narconomics by Tom Wainwright
    • Eating The Big Fish by Adam Morgan
    • How to Talk to Anyone by Leil Lowndes
    • Flow by Mihaly Csikszentmihalyi
    • The Brand Gap by Marty Neumeier
    • Outliers by Malcolm Gladwell
    • The Venture Mindset by Ilya Strebulaev
    • Elon Musk by Walter Isaacson
    • The Gap and the Gain by Dan Sullivan with Benjamin Hardy
    • Bulletproof Problem Solving by Charles Conn and Robert McLean