Franchise Warnings
What You Really Need to Know Before You Buy
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Narrated by:
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David C. Barnett
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By:
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David C. Barnett
About this listen
Buy a franchise and secure your financial future, right?
There is a huge industry that is built upon you buying a franchise, paying a franchise fee and then working hard every day to keep the stream of royalties flowing. Franchisors, suppliers, distributors, franchise brokers, and others all have a vested interest in continuing the myth that opening a franchise is the easy path to success.
Over the years, I have worked for franchisors, helped franchisees try to sell their businesses, and worked with buyers trying to buy new and existing franchise locations. Inside you’ll find lots of stories of the situations and events that I’ve witnessed in my years as a business broker and consultant.
If you’re thinking of buying a franchise, there are dozens of guides which will help you choose the right one but very few guides that will show you the hazards. Before you invest and borrow hundreds of thousands of dollars to realize your small business dream, invest a few dollars and some time in learning what can go wrong.
©2015 David C. Barnett (P)2017 David C. BarnettListeners also enjoyed...
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By cutting out the noise and providing a clear and proven plan, this road map helps even brand-new entrepreneurs make decisions quickly, get their product up for sale, and launch it to a crowd that is ready and waiting to buy. This one-year plan will guide you through the three stages to your first $1 million: the Grind (months 0-4), the Growth (months 5-8), and the Gold (months 9-12). If your goal is to be a full-time entrepreneur, get ready for one chaotic, stressful, and rewarding year. If you have the guts to complete it, you will be the proud owner of a million-dollar business.
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Good, but a Little Misleading
- By Chris Love on 11-28-20
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The Simple Path to Wealth
- Your Road Map to Financial Independence and a Rich, Free Life
- By: JL Collins
- Narrated by: JL Collins, Peter Adeney
- Length: 6 hrs and 38 mins
- Unabridged
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This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical.
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Misleading, heavily biased
- By Cody Peralta on 07-19-19
By: JL Collins
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The Creature from Jekyll Island
- A Second Look at the Federal Reserve
- By: G. Edward Griffin
- Narrated by: Mark Bramhall
- Length: 24 hrs and 21 mins
- Unabridged
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This classic expose of the Fed has become one of the best-selling books in its category of all time. Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a detective story - which it really is, but it's all true.
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Lost confidence in author
- By Amazon Customer on 07-11-20
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How to Day Trade for a Living
- A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
- By: Andrew Aziz
- Narrated by: Kevin Foley
- Length: 6 hrs and 56 mins
- Unabridged
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Very few careers can offer you the freedom, flexibility, and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. In the audiobook, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day.
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Its a sales pitch
- By Xavier Foley on 02-08-18
By: Andrew Aziz
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Los secretos de la mente millonaria (Narración en Castellano) [Secrets of the Millionaire Mind]
- Domina el juego de la riqueza [Mastering the Inner Game of Wealth]
- By: T. Harv Eker
- Narrated by: Ivan Villanueva
- Length: 2 hrs and 17 mins
- Unabridged
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El autor estaba en bancarrota, en solo dos años y medio se convirtió en millonario y construyó una de las más grandes firmas de consultoría para el éxito. Con sus enseñanzas ha tocado la vida de millones de personas. Este audiolibro te enseña a observar como piensas. Es un reto a tus ideas que te limitan, a los razonamientos que no te apoyan y a tus acciones con respecto al dinero.
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El libro está bien, pero ES VERSION RESUMIDA
- By alexnvlp on 08-24-23
By: T. Harv Eker
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Plan Your Year Like a Millionaire
- By: Rachel Rodgers
- Narrated by: Rachel Rodgers
- Length: 2 hrs
- Original Recording
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Plan Like a Millionaire is part of a riveting three-part series, and it's all about elevating your game and setting goals like a seven-figure earner. In this wealth-inspiring listening journey, Rachel reveals the secrets of how to set goals, manage time wisely, build essential support systems, break free from financial constraints, and make savvy money decisions.
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Feel Good Book, only
- By Maggie on 01-06-24
By: Rachel Rodgers
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The Little Book of Common Sense Investing
- The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
- By: John C. Bogle
- Narrated by: L. J. Ganser
- Length: 5 hrs and 50 mins
- Unabridged
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Story
The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
- By Matt on 01-31-19
By: John C. Bogle
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
- By: MJ DeMarco
- Narrated by: MJ DeMarco
- Length: 12 hrs and 46 mins
- Unabridged
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
- By Iray007 on 09-22-15
By: MJ DeMarco
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The 1-Page Marketing Plan
- Get New Customers, Make More Money, And Stand Out From The Crowd
- By: Allan Dib
- Narrated by: Joel Richards
- Length: 6 hrs and 31 mins
- Unabridged
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
- By Rosie's mom on 10-23-18
By: Allan Dib
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Six-Figure Side Hustle
- By: Rachel Rodgers
- Narrated by: Rachel Rodgers
- Length: 3 hrs and 42 mins
- Original Recording
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Rachel Rodgers, financial maven and heralded author of We Should All Be Millionaires, has created a groundbreaking new Audible Original series with Six Figure Side Hustle. In this installment of a dynamic three-part audio journey, Rachel unveils the blueprint for turning spare time into a $100,000-per-year side hustle in just three months.
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Not For YOU!
- By S. Seigel on 03-02-24
By: Rachel Rodgers
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The Most Important Thing
- Uncommon Sense for The Thoughtful Investor
- By: Howard Marks
- Narrated by: John FitzGibbon
- Length: 7 hrs and 9 mins
- Unabridged
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
- By Johnny on 06-08-15
By: Howard Marks
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Awesome book!
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What listeners say about Franchise Warnings
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Phil
- 11-12-18
Great info
Great content that helped me decide that a franchise wasn't my best option. Highly recommended for anyone considering buying one.
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- Matthew Smith
- 10-16-21
Another super informative one from David
This book is great like all of David's material. There is very little fluff and everything is straight to the point. If owning a franchise is in the plans please do yourself a favor and read this.
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- Anonymous User
- 01-19-21
Good Starting Point
I am looking into buying a franchise, and have listened to a few books on the topic and felt like this book is the best way to start the venture. It points out things you need to consider as you move forward.
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- Chelsea
- 01-02-20
Great overview
I'm looking into franchises and I think this book was a great piece of honest information. I'll be looking more into specific detail but I feel like I have a better understanding of the questions I'll be asking moving forward. This book is on the high level but useful.
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- Erick
- 11-24-21
If looking for a first look at Franchise purchase, this is your book.
I got this book because I wanted to learn the basics of Franchising. The author/narrator did a great job at sharing his experiences and cutting the hype behind Franchising. Really helped me have a better understanding behind the business model and to have realistic expectations if I decide to get into a franchise.
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- Lawrence
- 09-05-22
Read this before buying a franchise
great quick read for those considering buying a franchise. understand the otherside that you don't get from the broker of franchiser.
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- Guinness
- 10-26-20
great but short
great book but short. I'm a youtube follower and you could have included a lot more stories you mention on YouTube . but overall still great.
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- Nathaniel
- 06-17-20
Good Book
Good insight into purchasing a franchise. Great depth for a short book. I recommend for entrepreneurs and investors.
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- DB
- 05-26-18
Great Book!
David does it again. This book should clear up any misunderstandings that you have about buying a franchise. He provides clarity and explains why the general public is sold on the idea of buying a franchise with the downside never or rarely being mentioned to them. David talks about the conflicts of interest amongst those in the industry who who want to sell you the fantasy of buying and running a franchise. He doesn’t tell you not to buy into them. He goes over the pros and cons that come with it and gives you an idea of the kind of person or circumstance in which it might be a better fit. After reading or listening to this book, you should come away with a clearer understanding of the variables involved and an understanding of the differences between buying a franchise and buying an existing business and be able to see where you fit in. If you are interested, I also purchased David’s audiobook, 21 Stupid Things etc etc and have left a praiseworthy review there as well. Franchise warnings was mentioned in that book but, to a much minor degree of course.
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