On Wednesday, Sept. 9, FranNet franchise consultant Gary Prenevost was featured on 1851 Franchise in “How a Franchise Consultant Can Help Put You on the Path to Success.”
Prenevost began his career working at his family’s business until in 1991 when he joined a national training organization. Eventually, he invested into the franchise and became a franchisee. He rose to become the vice president of the company, and in 2002 joined FranNet.
The article discusses how the expertise of a franchise consultant can benefit both the franchisee and the franchisor. Prenevost shared with 1851 Magazine that the most important role of a broker for a prospective franchisee is helping them clearly understand the role a franchise can and should play.
He goes on to say, “If I’m a company looking for franchisees, I’m going to invest somewhere between $12,000 and $18,000 on my own to find a franchisee. And, there’s no guarantee that franchisee will be the right fit. Often, they’re not, and that can cause more problems than it solves …”
Prenevost also advises in the article for potential franchisees to keep an open mind.
He tells 1851 Magazine, “Most successful franchisees don’t end up buying the type of business they thought they’d buy at the outset. It’s all part of the rollercoaster. Sometimes it’s hard to see, but after they take the ride, they have the right clarity and depth to set themselves up for better success down the road.”
To read the full article, click here.