Want to Own a Business? Why Franchising Could Be Your Shortcut - Latino Franchise Council [Ep 90]

Want to own a business but don't want to build everything from scratch? Franchising could offer a path to business ownership, but choosing the wrong opportunity can cost you time, money, and the lifestyle you wanted in the first place. On this episode of the Glovisor Podcast, host Joe Abreu speaks with Andres Sanchez and Rick Morgin of the Latino Franchise Council about franchise ownership, financing, business education, and expanding opportunities for Latino entrepreneurs. Andres brings more than 20 years of experience in banking, business capitalization, expansions, mergers, acquisitions, and turnarounds. Rick shares his experience across sales, marketing, operations, and finance in the beverage alcohol industry. Together, they explain how prospective franchise owners can make more informed decisions before investing. Andres and Rick also explain their step-by-step approach to evaluating prospective franchise owners, from reviewing personal finances and experience to identifying suitable brands and examining territories. They discuss a typical process of approximately 45 to 60 days, depending on the circumstances. One important point: you don't have to figure it all out alone. The Latino Franchise Council offers education and guidance at no charge to the prospective client, with its fees paid by the franchise company. Whether you're exploring your first business, looking to diversify your investments, or searching for a business model that aligns with your lifestyle, this conversation can help you ask better questions before making a major decision. Watch the full conversation with Joe Abreu, Andres Sanchez, and Rick Morgin. GUEST INFORMATION Latino Franchise Council Website: https://latinofranchisecouncil.com Explore franchise education and learn how to connect with the team. Mention Glovisor when reaching out 🤝 If you'd like a personal introduction or have questions about working with them, feel free to reach out to us, and we'd be happy to connect you. \--- 🚀 Level Up Your Life & Business with Glovisor 👉 Start here: https://Glovisor.com 📘 Learn through our books: https://store.glovisor.com 🤝 Go deeper with personalized 1-on-1 coaching Subscribe to the Glovisor Podcast for conversations with founders, leaders, and experts who share the strategies, systems, and mindsets that drive business growth. #LatinoFranchiseCouncil #FranchiseOwnership #Franchising #FranchiseBusiness #Entrepreneurship #LatinoEntrepreneurs #SmallBusiness #BusinessOwnership #FranchiseFinancing #BusinessGrowth #FinancialEducation #BusinessStrategy #JoeAbreu #Glovisor #GlovisorPodcast CHAPTERS 00:00 Want to Own a Business Without Starting From Scratch? 00:57 How Andres and Rick Entered the Franchise Industry 03:10 The Mission to Expand Latino Franchise Ownership 04:49 The Growing Opportunity in the Latino Market 07:08 How to Choose the Right Franchise for You 09:27 Matching Business Opportunities to Your Goals 11:17 What the Franchise Selection Process Looks Like 14:05 How Much Does It Cost to Open a Franchise? 15:49 Franchise Financing and Capital Requirements 19:49 Free Franchise Education in English and Spanish 23:32 How Franchise Consultants Get Paid 24:39 How to Start Exploring Franchise Ownership