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CATEGORIES: Business, Franchising
Discovery days, also referred to as “Meet The Team Day” or “Decision Day,” have been a marketing tool for franchisors for many years, and for some franchisors, they are the most crucial element in closing the sale.
What exactly happens during this event? If you're a candidate, what can you expect? Who should join this event? When is the best time to hold a discovery day?
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In this episode, Erik and his business partner, Jeff Herr, discuss why this event is a critical success factor in business partnerships. As Erik and Jeff share their experiences as advisors and partners to different brands, you will gain valuable insight from these two industry experts.
Whether you're a franchisor or a potential franchisee, this conversation will give you The Discovery Day Blueprint and show you how to take advantage of this significant day.
“When you're a franchisor, every decision you make has to be for the betterment of the brand.” - Jeff Herr
In This Episode:
- What is franchise discovery day?
- What should franchisors and franchisees be doing during discovery day?
- Who should join the discovery process?
- What decisions must a franchisor make?
- What happens during the actual event?
- How do you structure the event?
- What must a brand do if a candidate delays making a decision?
Resources:
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🌐 Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
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Connect with Jeff Herr:
🌐 Website
Connect with Erik Van Horn:
🌐 Website
Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.
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