1) GOALS, OVERVIEW, & YOUR SELECTION CRITERIA
Working together, we’re committed to investing the time necessary to understand your experience and what you’re seeking to accomplish. We will thoroughly explore your personal and professional needs, your fit with The Entrepreneur’s Source, along with the timeline, selection criteria, and investment range. We’ll discuss any fears or concerns you may have as well.
2) BRAND WEBINAR REVIEW
This is a mandatory deep-dive presentation into our vision, objectives and the unique value proposition that our Franchise Partners offer to clients. This is where we determine whether it makes sense to continue the discussion, through an open and honest dialogue. Here, you’ll get a clear picture of our business and culture, and learn the profile, style, character and habits of a successful E-source Franchise Partner. If we both elect to move forward, we’ll schedule next steps and establish firm timelines.
3) COMPLETING A REQUEST FOR CONSIDERATION
The confidential, non-binding “Request for Consideration” demonstrates that you are serious about exploring this opportunity and want to learn more about The Entrepreneur’s Source. There is no obligation or commitment to invest at this point; once we’ve received and discussed your application, we will provide the Franchise Disclosure Document (FDD), which includes more detail on training, mutual obligations, the initial investment and ongoing expenses associated with owning and operating the business.
4) THE FUNDING PROCESS
The Entrepreneur Source has dedicated small-business lender relationships in place, and can help you understand the funding environment, what to expect, and the different options that could be available. We will make introductions with our funding partners, who can assist you in completing their processes.
5) BUSINESS REVIEW OF THE FDD
The Federal Trade Commission requires a Franchise Disclosure Document, which is thoroughly reviewed with prospective candidates. This is a comprehensive information outlay, including our company background, management team, a detailed breakdown of the total investment, a full list of current Franchise Partners, our company financials and more. We want to make sure you fully understand every aspect of the business and our mutual obligations. It is also critical that we document your selection criteria and ensure that The Entrepreneur’s Source is the right fit for you. Then we schedule our Discovery Days event at our headquarters in Southbury, Connecticut and help you make travel arrangements.
6) THE DISCOVERY DAYS EVENT
This is your opportunity to meet our entire executive team in person and ask the tough questions. You’ll be immersed in the E-source culture and the ways we can help you accomplish your goals through small business ownership. Once you are approved to attend our Discovery Days, each attendee is reimbursed up to $500 to cover travel, flight and hotel expenses, and up to $800 if you bring your spouse or partner (which we encourage!).
7) FRANCHISEE PARTNER & FINANCIAL VALIDATION
Once you’ve attended Discovery Days and received an award letter, you will be provided with contact information for Franchise Partners who can speak candidly with you about their experiences, and what it means to be a business coach. Of course, the depth and value of those conversations will be dependent upon your understanding of the business model and proprietary strategies. Take advantage of these discussions – spend plenty of time and take notes. Explore the elements of the business that excite you, that concern you, that you may not understand fully. Afterward, we’ll discuss next steps with your Franchise Development Director, and schedule the signing of the Franchise Agreement.
8) THE FRANCHISE AGREEMENT
Congratulations! You have completed the Discovery Process and are now a member of The Entrepreneur’s Source family. Upon receipt of the signed Franchise Agreement and initial fees, we will schedule a call with a member of the support team within one to two days. This call starts the new Franchise Partner on-boarding process, and establishes a schedule for training and planning for a successful launch. Our dedicated training and launch team will ensure that you are well-equipped as you begin to market your new business.