Hello everyone! So this has been a long time coming, and I am really excited to finally create my own progress thread for my Fastlane venture.
My Fastlane business is to own fast-food franchises- and I know what most of you are thinking, “Franchising is NOT Fastlane”- but I believe that it can be, in fact I know that it can be with the right process and with the right mindset- and that is what I am setting out to do. I don’t want to own one franchise, or two, or even five- I want to own hundreds. But in order to own hundreds, I first have to start with one, and that is what I have been working towards over the last year.
One of the most important things with franchising is having capital- most franchises set net worth and capital requirements, and if these requirements aren’t met- the answer is almost always a no whenever you apply to become a franchisee. Because of this, over the last year I have been working at growing my net worth and gaining capital. I have spent the last year working odd jobs like cleaning pools and mowing lawns, I worked as a part-time nanny, I’ve been flipping items on craigslist, and investing in the stock market- over this period of time, I was able to save about 130k.
Once I made enough money, it was now time to apply to fast-food concepts. I did a lot of research on about 30 different concepts and I then narrowed down my choices to 3. I went through the application process for these three companies, and later on I found out that I was approved by all three concepts, and just a couple of days ago I made my decision on what concept I was going to franchise with.
A couple of days ago I was approved for a 3-unit deal with a concept based here in Texas- I don’t want to reveal the name of the concept until I am further along in the process- but it was my number one choice and I am extremely excited to start growing my franchising business with this company.
So, this is my progress thread- For the first couple of months, there won’t be a whole lot to report on- but I decided to make this thread because franchising isn’t a topic that is widely talked about on here, and this thread can show the steps it takes to be a multi-unit franchisee starting from the very beginning. From signing your Franchise Disclosure Document (FDD), to finding a location, to opening your first store, and then to becoming a multi-unit franchisee: I hope that I can show this process through this progress thread, and hopefully I can provide some value to anyone who is interested.
If anyone has any comments, questions, or tips- please let me know! For my next post, I will outline what I have planned for the near future. Thanks everyone for reading!
My Fastlane business is to own fast-food franchises- and I know what most of you are thinking, “Franchising is NOT Fastlane”- but I believe that it can be, in fact I know that it can be with the right process and with the right mindset- and that is what I am setting out to do. I don’t want to own one franchise, or two, or even five- I want to own hundreds. But in order to own hundreds, I first have to start with one, and that is what I have been working towards over the last year.
One of the most important things with franchising is having capital- most franchises set net worth and capital requirements, and if these requirements aren’t met- the answer is almost always a no whenever you apply to become a franchisee. Because of this, over the last year I have been working at growing my net worth and gaining capital. I have spent the last year working odd jobs like cleaning pools and mowing lawns, I worked as a part-time nanny, I’ve been flipping items on craigslist, and investing in the stock market- over this period of time, I was able to save about 130k.
Once I made enough money, it was now time to apply to fast-food concepts. I did a lot of research on about 30 different concepts and I then narrowed down my choices to 3. I went through the application process for these three companies, and later on I found out that I was approved by all three concepts, and just a couple of days ago I made my decision on what concept I was going to franchise with.
A couple of days ago I was approved for a 3-unit deal with a concept based here in Texas- I don’t want to reveal the name of the concept until I am further along in the process- but it was my number one choice and I am extremely excited to start growing my franchising business with this company.
So, this is my progress thread- For the first couple of months, there won’t be a whole lot to report on- but I decided to make this thread because franchising isn’t a topic that is widely talked about on here, and this thread can show the steps it takes to be a multi-unit franchisee starting from the very beginning. From signing your Franchise Disclosure Document (FDD), to finding a location, to opening your first store, and then to becoming a multi-unit franchisee: I hope that I can show this process through this progress thread, and hopefully I can provide some value to anyone who is interested.
If anyone has any comments, questions, or tips- please let me know! For my next post, I will outline what I have planned for the near future. Thanks everyone for reading!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
