In EP 5 of The Curious Investor, Nicole Tanner interviews Nigel Beattie, expert in business acquisition and sale, and franchising. Nigel got involved in franchising first as an employee of certain franchises, then struck out on his own, and a few times with previous guest (Episode 4) Ray Khan. He also specializes in helping people sell their business for various reasons, or helping others acquire a business, whether it’s a franchise or not.
Nigel breaks down how you determine if you’re are a good candidate for being a franchise owner, and what type of franchise would suit your personality and work discipline and how to analyze one franchise from another. Also, Nigel discusses what types of people are NOT good candidates for franchise businesses. Things to consider are whether you are a blue collar or white collar worker; do you enjoy talking to and serving people; are you hands-on; do you want to work 9-5 Monday - Friday, or are you ok with longer/different work hours, etc.
We learn about Nigel’s incredible journey from working for someone else to working for himself, several times over, and some ‘in the trenches’ work stories! One of these stories is how a major fast food chain decided to rebrand, and how they persuaded all franchisees to put up money to change signage, store colours, etc. He also breaks down why certain franchises are more successful than others.
Also, every show closes with the Fast 5, five rapid-fire questions meant to get the guests thinking quickly!
Nicole's passion and curiosity for investing in real estate began early but has shown up in almost every stage of life. Watching her Dad develop raw land as a personal past-time. Nicole's business spans all aspects of Commercial Real Estate and she has led transactions of all complexity in the areas of industrial, office, retail, multi-family, leasing and land development. Tune in as she lets her curiosity drive every episode to explore each guest's journey in the world of commercial real estate.
Contact:
Email: nicole@reidjames.ca
Web: http://www.reidjames.ca/
Ph: 905-723-5944
Tags: #commercialrealestate #commercialinvestment #realestateinvestment #realestateinvesting #entrepreneurship #businessowner #commercialproperties #retail #commercialrealestatebroker #investmentproperty #industrialrealestate #passiveincome