You’ve thought of being your own boss, controlling your own destiny, expanding your income and latching onto a proven business model. This webinar entitled Maybe Franchising is Right for You? Or Not provides some answers as Dana Hall of FranNet outlines what the advantages and pitfalls of franchise ownership.
The first part of the discussion focuses on whether you have the mindset of someone who is not a wild-eyed entrepreneur, but an independent business owner ready to plug into a tightly woven system. Hall also addresses the general upfront financial requirements, potential buildout costs, operations and sustainability of various franchise models.
Dana Hall is a franchise consultant with FranNet of Boston and provides expert advice and guidance for prospective franchise business owners. FranNet’s proprietary Personal Franchise Assessment tool, thorough and personalized one-one consultation, and a 30 plus year history of excellence sets FranNet apart. Hall has more than 30 years of experience in financial analysis, strategic business planning, operations, and local store marketing.
Hall was the director of finance for retail operations for Panera Bread during a period of rapid store growth and increased profitability. He was responsible for budgeting, strategic financial planning, KPI development and reporting, store metric evaluation, and profitability improvement for 900 company-owned locations generating $2B in revenue. He held a similar role for the Wendy’s Company in the New England Division, in addition to a strategic Marketing role for the Northeast Region. Hall has also served as a Franchise Business Consultant advising and counseling franchisees in the field on improving operations, driving incremental sales and generating increased profits.
He graduated from North Adams State College with a BS in Business Administration/Accounting and holds an MBA from Suffolk University in Boston.
The event was sponsored by My Pinnacle Network, which hosts monthly meetings for business-to-business professionals at five locations throughout Massachusetts including Braintree, Mansfield, Needham, Pembroke, and Westborough; South Shore Networking Professionals, which connects business people monthly at locations throughout the South Shore; and Rockland Trust, offering a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through online, mobile and phone banking.