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Summary

In this episode, Red Boswell, President of IFPG, shares his journey in franchising and provides insights into the world of franchise ownership and consulting. He discusses the challenges and mistakes he has encountered, the role of franchise consultants, and the importance of understanding the different types of franchise opportunities. Boswell also addresses the misconceptions about resales and highlights the most popular franchise categories. The conversation with Red Boswell from IFPG covers various aspects of franchising and becoming a successful franchise consultant. Boswell discusses the criteria for a successful franchise, including factors such as proven track record, scalability, and high margins. He also highlights unconventional franchise opportunities that may not be considered 'sexy' but can be highly profitable. Boswell explains the requirements to become an IFPG consultant, emphasizing the importance of self-management, phone skills, and lead generation. He shares the keys to success as an IFPG consultant, which include filling the pipeline, being a trusted advisor, and managing oneself. Finally, Boswell discusses what IFPG offers and what sets them apart from other organizations in the industry. 

 Takeaways

• When considering a franchise, look for a proven entity with at least 100 locations, scalability, low employee requirements, big margins, and a strong trend.
• Unconventional franchise opportunities can be highly profitable and offer great potential for success.
• To become an IFPG consultant, show initiative, ask good questions, and demonstrate the ability to manage oneself.
• Keys to success as an IFPG consultant include filling the pipeline, being a trusted advisor, and managing oneself effectively.
• IFPG offers a wide inventory of franchises, world-class technology support, guaranteed highest commissions, a supportive culture, and extensive training opportunities.

Chapters

00:00 Introduction and Background

06:20 Becoming President of IFPG

11:22 Challenges and Mistakes in Franchising

15:25 Franchise Buyers and Consultants

20:40 Franchise Ownership and Resales

32:02 Buyer Demographics and Resales

40:03 Misconceptions about Resales

44:15 Popular Franchise Categories

45:44 Criteria for a Successful Franchise

46:43 Unconventional Franchise Opportunities

48:14 Requirements to Become an IFPG Consultant

51:16 Keys to Success as an IFPG Consultant

54:58 What IFPG Offers and What Sets Them Apart

https://www.podserve.fm/episodes/130600/episode-1-red-boswell-ifpg.mp3