What Are the Best Franchises to Own in 2024? Lance Graulich

EPISODE 382: As an entrepreneur, it’s essential to understand the opportunities around you. That's why today, we're going to shift gears a little and venture into franchising!To guide us through this unknown territory, I’ve invited Lance Graulich, a renowned franchise consultant with decades of experience in the field. Lance is the founder & CEO of ION Franchising, the leading franchise consulting and development group. He has helped thousands of people go from wannabe entrepreneurs to franchise owners, and he’s passionate about making business ownership accessible to everyone.In this insightful episode of Investing in the US, Lance shares everything you need to know about franchising to succeed. From franchise discovery to understanding when to let go. Tune in! Key Takeaways: 00:00:00 Intro 00:01:28 How Lance made his first dollar as a kid00:02:41 Getting started in franchising 00:06:40 How to avoid costly mistakes as a franchisee00:11:10 Finding the right location for a franchise00:15:15 Creating scalable systems00:19:43 Food vs. non-food franchises 00:24:28 Current market analysis 00:30:03 Top 5 investing tips 00:33:30 Outro —➡️ Check out Lance Graulich: • Instagram: https://www.instagram.com/lance.graulich/ • Website: https://www.lancegraulich.com/ ➡️ Visit https://reedgoossens.com/ and:• Invest passively in multifamily real estate • Get FREE access to my 100% Passive Real Estate Investment Masterclass• Take a look at my portfolio• Get FREE multifamily real estate resources ➡️ Follow me on social media:• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ • Instagram: https://www.instagram.com/reedgoossens/ • Facebook: https://www.facebook.com/reed.goossens/ ➡️ Subscribe to my podcast: • YouTube: @ReedGoossensREI • Apple: https://apple.co/44MiDN7 • Spotify: https://spoti.fi/45fVIcR • Stitcher: https://bit.ly/3OHHJqJ • Soundcloud: https://soundcloud.com/investing-in-the-us —Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!Follow so you never miss an episode!