152: Make Your Business Franchiseable with Stephen Sacks

Stephen Sacks is the Founder of Funding Nav, a company focused on delivering real-time advice and execution to owners of businesses looking to raise additional liquidity. We discuss how to make your business franchisable, ways to grow your business without loans, and how to succeed by learning from other people's failures.

 

Time Stamps

[00:45] Stephen's entrepreneurial journey

[03:07] Why Stephen chose the franchising route

[06:13] How to know if your business is franchisable

[08:31] Factors that define a successful franchise

[11:00] Why the more successful franchises focus on IP and branding

[12:12] Key difference between a blue-collar and white-collar franchise

[14:36] How to grow your business without loans

[19:36] Fuckup Nights: The global movement where stories of failure are shared.

[24:01] Why you need to learn from other people's failure

[25:10] The #1 business opportunity in the world right now

[30:55] Parting thoughts

 

Links and Resources

Steve and Greg Cleary's Book: Pinnacle: Five Principles that Take Your Business to the Top of the Mountain

Work with Steve - Stevepreda.com

Stephen's LinkedIn

Stephen's website - Fundingnav.com