📺 Stream EntrepreneurTV for Free 📺

20 Signs You Might Need a New Franchise Coach Conduct your due diligence on selecting a franchise coach helping you and beware of any of these warning signs.

By Rick Bisio

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

So, you're thinking about owning your own franchise. That's great. Even better -- you've realized there's a lot about franchising you don't know and you've partnered with a franchise coach to help you fill in the blanks and make a sound decision. A good franchise coach is similar to an effective sports coach -- they teach, guide, provide strategy advice -- then they trust you to play the game. A franchise coach's job is to empower aspiring owners to make smart decisions when it comes to franchise ownership.

However, as with anything else, not all coaches are equally talented. How can you tell if a potential franchise coach will add real value to your exploration while respecting your personality and needs? Further, how can you determine if you are working with a true, professional franchise coach who is prioritizing your future as opposed to simply making a quick commission?

Related: Why Would a Successful Entrepreneur Hire a Coach?

Well, to find out, I spoke with five highly reputable franchise coaches who, like myself, are truly invested in coaching and empowering their clients. These franchise coaches listed 20 specific warning signs to help franchise prospects determine if it's time to find a new coach. Here's what they had to share:

Scott Jones.

  • The Mr. Wonderful -- Your franchise coach has an ego the size of a hot air balloon.
  • The Chatter Box -- Your franchise coach talks more than he listens.
  • The Cover Up -- Your franchise coach tells you the franchise has had lots of failures in the past but they now have a "new model."
  • The Sunday, No Funday -- Your franchise coach gets mad and yells at you because you don't want a business that operates on Sunday.

Matt "The Franchise Guy" Stevens.

  • The "Oh, But You're Special" -- Your franchise coach believes that a franchise with a high failure rate is OK for you because "you're special."
  • The By-The-Seat-of-Their-Pants -- You ask a question and then hear your franchise coach typing quickly into Google to find the answer.
  • The Combative Debater -- ask a question and your franchise coach provides a rapid-fire reply with all the reasons why you are wrong.
  • The Sneaky Recruiter -- Your franchise coach suggests you become a franchise coach too.

Jeff "The Franchise Matcher" Shafritz.

  • The Lost in Translation -- You say you want a business with professional, white collar employees that runs five days per-week and your franchise coach suggests Subway.
  • The Jump to Conclusions -- Your franchise coach starts to introduce you to the "perfect company" within 10 minutes of your first conversation.
  • The "It's Not My Job" -- Your franchise coach introduces you to a laundry list of 20 franchises and asks you to choose one.
  • The "Can We Push to Tomorrow" -- Your franchise coach can only speak with you in the evening or on the weekend because he still has a "day job."

Related: The 8 Qualities You Need to Look for in a Business Coach

Melissa Lewis.

  • The Uninformed -- Your franchise coach doesn't know the difference between IFA and FDD.
  • The "Silver Bullet Sure Thing" -- Your franchise coach tells you the business is a "no-brainer."
  • The "Let's See if it Sticks" -- Your franchise coach registers you with lots of companies, "just in case."
  • The Media Darling -- Your franchise coach advertises on billboards or has free "giveaways."

Ray Fanning.

  • The Biased Recruiter -- Your franchise coach tells you, "This company is so good that I invested my own money in this franchise."
  • The "Look Over Here" -- Your franchise coach tells you the ROI is "really much better than the FDD indicates."
  • The Hometown Hero -- Your franchise coach only works locally and doesn't know the national trends.
  • The Out of Their League -- Your franchise coach has no practical experience in franchising or business ownership.

Related Book: Franchise Your Business by Mark Siebert

Here's the bottom line -- like any business or occupation, there are a ton of excellent, well-informed coaches out there… but there are also some pretenders. While we all recommend conducting your due diligence on franchise opportunities, I also recommend that you conduct due diligence on the franchise coach helping you through the process. And if you're noticing any of the warning signs above, it's probably time to fire your coach and find one that has your best interest in mind.

Rick Bisio

Author and Franchise Coach

Rick Bisio is the Amazon-bestselling author of The Educated Franchisee, a leading franchise coach with FranChoice, the co-host of Rick Bisio's Franchise Focus, and the creator of the FDD Exchange and the Franchise Glossary. Since becoming a franchise coach in 2002, Bisio has assisted thousands of aspiring entrepreneurs nationwide explore the dream of business ownership. Prior to joining FranChoice, he was the director of international development at AFC Enterprises, the parent company of Popeye's Chicken, Church's Chicken, Seattle's Best Coffee and Cinnabon, establishing locations in more than 30 countries.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Science & Technology

Exploring How Virtual Reality is Changing Startups

Virtual reality's immersive environment is where startup marketing is headed, and early adopters will be the ones who profit.

Growing a Business

7 Practical Tips for Running Multiple Businesses Successfully

Thinking of starting additional businesses alongside your existing ventures? Learn some practical tips for successfully juggling multiple companies from this insightful blog post.

Money & Finance

12 Books That Self-Made Millionaires Swear By

The bookshelves of millionaires can inspire you to build your wealth. Here are 12 must-reads they recommend.