How To Invest In a Franchise: Ewell Smith (WWL Radio)

March 10, 2025  by Ewell Smith

Ewell Smith Joins Newell Normand on WWL Radio to Discuss Business Ownership Options During Workforce Disruption


Success in franchising, like any business, requires taking control, putting in the work, and following proven systems. While franchising provides a playbook to mitigate risk, ultimate success depends on the individual’s effort, mindset, and willingness to learn. Fear holds many people back, but clarity, community, and structured processes help entrepreneurs build wealth and career independence.


Ewell Smith's 10 Close The Deal Mindset Success Quotes:



  1. The reality is about 57 percent of all Americans would rather start a business than go work for somebody else."
  2. "Franchising gives them a playbook, a system and process to mitigate risk."
  3. "Anything that's worthwhile always takes work and there's always an element of risk."
  4. "You're not by yourself—you’ve got a franchise system, a community of people, and support."
  5. "You're gonna start in the red zone on the 20 yard line and you're gonna be teed up to go into the end zone."
  6. "What makes franchising work is this: it's built off of systems and processes."
  7. "One out of seven franchises in the United States is owned by a veteran."
  8. "The biggest thing that holds people back in all this is fear."
  9. "My role is to provide clarity so people can make an informed decision and ensure their future."
  10. "What they're providing for you is a template to succeed."


At the end of the day, your skills, experience and wisdom are highly valued in franchising. Take control. Be your own boss.


Interested in your first franchise or next one, contact Ewell HERE.


 Publisher of CloseTheDeal.com / Close The Deal Podcast  Host   -  Ewell Smith

 


Franchising as a Path to Career Independence


Ewell Smith, author of Your First Franchise Roadmap and founder of Close The Deal Franchise Group & Podcast joined Newell Normand on WWL Radio to discuss franchising as a solution for individuals looking to take control of their careers. With corporate and government layoffs on the rise, many professionals are exploring alternatives to traditional employment. Franchising provides a structured path to business ownership with a proven system, reducing the risks associated with starting a business from scratch.


The Power of a Playbook in Business


One of the key advantages of franchising is that it comes with a well-established playbook. Unlike independent startups that require years of trial and error, a franchise provides a blueprint for success, helping new owners avoid common pitfalls. Franchisors have already navigated the challenges of launching and scaling their business, meaning franchisees benefit from established systems, mentorship, and operational support. This significantly improves their chances of success.


Franchising Is More Than Just Food


A common misconception is that franchising is limited to the food industry. While restaurant franchises are highly visible, the industry spans over 30 different sectors, including beauty, healthcare, fitness, and home services. Many successful franchise owners operate businesses in home improvement, roofing, painting, and other essential services that homeowners rely on daily. These industries offer lower startup costs compared to food service and have high demand, making them an attractive option for aspiring entrepreneurs.


Investment Levels and Business Scalability


Many potential franchisees assume that franchise ownership requires millions of dollars, often citing well-known fast food chains as examples. However, there are many franchises with investment levels between $85,000 and $150,000 that generate substantial revenue. Home service franchises, in particular, provide opportunities to scale quickly, often reaching seven-figure revenues with relatively low overhead costs. This accessibility makes franchising an appealing option for individuals who want to own a business without breaking the bank.


The Franchisee-Franchisor Relationship


One of the most overlooked aspects of franchising is the relationship between the franchisor and franchisee. Unlike traditional business purchases where ownership is simply transferred, franchising is a two-way street. Franchisees must go through a qualification process where franchisors assess whether they are a good cultural fit. This ensures that both parties are aligned in their vision and commitment to upholding brand standards. The success of a franchise depends on the ability of the franchisee to follow the system and put in the necessary work.


The Reality of Hard Work and Ownership


Many people believe that purchasing a franchise guarantees success, but that is far from the truth. While the franchise model provides the framework, the franchisee must be committed to executing the system effectively. Success in franchising comes from dedication, learning, and persistence.


Why Veterans Excel in Franchising


One of the most compelling statistics in franchising is that one out of seven franchises in the U.S. is owned by a veteran. This is largely due to the military’s emphasis on systems and processes, which align perfectly with the structured nature of franchise operations. Veterans excel in following procedures, leading teams, and executing strategies—skills that translate directly into franchise success. Many franchisors actively seek out veterans because of their disciplined approach to business.


The Role of a Franchise Consultant


Navigating the franchising world can be overwhelming for newcomers. With thousands of franchise options available, it’s easy to get lost in research without a clear direction. This is where franchise consultants play a crucial role. As an industry expert, Ewell Smith helps candidates identify franchises that match their skills, goals, and financial situation. Instead of sifting through endless online listings, he vets opportunities, builds relationships with franchisors, and presents the best options to his clients—all at no cost to them, as his services are covered by franchisors.


Franchising as an Option for Mid-Career Professionals


Many professionals in their late 40s and 50s find themselves facing career uncertainty due to layoffs, corporate restructuring, or age-related job market challenges. For this demographic, franchising presents an opportunity to regain control over their financial future. Rather than competing for jobs in an increasingly age-conscious workforce, they can leverage their experience, leadership skills, and financial stability to build their own business. Franchising allows them to create long-term wealth while maintaining a level of autonomy that traditional employment cannot offer.


The Fear Factor in Business Ownership


The biggest barrier preventing people from pursuing franchise ownership is fear. The fear of failure, financial risk, and the unknown often hold individuals back from taking the next step. However, Smith emphasizes that fear can be mitigated through education and proper guidance. By working with a consultant, prospective franchisees gain clarity on what to expect, how to navigate challenges, and what steps to take to ensure success. Having the right information and support makes it easier to make an informed decision and move past hesitation.


The Long-Term Benefits of Franchise Ownership


Beyond financial success, franchising offers long-term stability and opportunities for expansion. Many franchisees start with a single unit and later scale their operations by opening additional locations. The ability to grow within a structured system provides a clear path for wealth creation. Additionally, franchise businesses can often be sold at a higher valuation compared to independent startups due to their established brand and operational consistency.


Final Thoughts and Next Steps


Franchising is a powerful vehicle for career independence, financial growth, and personal fulfillment. Whether someone is transitioning from corporate life, military service, or looking for a new challenge, franchise ownership provides a proven path to business success. Ewell Smith’s expertise and resources, including his book Your First Franchise Roadmap, offer invaluable guidance for those considering this path.


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Ewell Smith, host of the Close The Deal Podcast, discussing sales systems and revenue growth

About the Author Ewell Smith is the publisher of CloseTheDeal.com, host of the Close The Deal Podcast, and author of Your First Franchise Roadmap. He interviews franchisors, founders, and sales and marketing leaders to help franchise owners and candidates drive more revenue and find the right opportunity. His work focuses on practical franchise strategy, the right mindset, and helping people close the deal on their next chapter.

Person pausing before taking a step, illustrating fear and procrastination in decision making
By ewell smith April 17, 2026
The number one thing I see that kills more deals than anything else isn’t money, timing, or even opportunity. It’s fear. As a franchise consultant, I see it play out every single day. Someone gets close to making a decision. They like the brand, they understand the model, and they can clearly see the path forward. Then something shifts. Doubt creeps in. Questions start stacking up. They begin to wonder if they can really do it, if they’re capable of running the business, or if they’re taking on more risk than they should. From there, hesitation sets in. That hesitation slows momentum, and what started as a strong, forward-moving decision turns into delay. That delay eventually becomes procrastination. And more often than not, that procrastination leads to inaction. The deal never gets done. What’s interesting is that fear rarely shows up as something obvious. It doesn’t announce itself. Instead, it disguises itself as logic. It sounds like someone wanting more time, more information, or more certainty. It shows up as overthinking or the desire to get everything just right before making a move. One of the most common forms of this is perfectionism. People convince themselves they’re being careful or strategic, when in reality they’re avoiding taking action because they don’t want to get it wrong. The truth is, there is no perfect time. There never has been, and there never will be. Waiting for perfect conditions is one of the easiest ways to stay stuck without realizing it. That’s why, once you’ve made a decision that matters, it’s critical to keep moving. Not all at once, and not in a perfect way, but through small, consistent steps that build momentum. That’s what separates people who move forward from those who stay stuck in place. This is also a core theme behind the Close The Deal Podcast. Even high performers, people who are successful in many areas of their lives, still struggle with procrastination. They still find ways to delay decisions or avoid uncomfortable actions. Sometimes the reasons sound legitimate, but more often they’re just well-disguised excuses rooted in fear. The quotes below resonate because they cut through that noise. They don’t just sound good, they point directly at what’s really going on beneath the surface. Let them challenge the way you’re thinking about the thing you’ve been putting off. And when you’re ready to move, there’s a short guide on this page that walks you through simple steps to take immediate action and get started. 11 Quotes That Expose Fear (and Push You to Act) “Procrastination is not a time management problem. It’s an emotion management problem.” - Timothy Pychyl 2. “Do one thing every day that scares you.” - Eleanor Roosevelt 3. “Inaction breeds doubt and fear. Action breeds confidence and courage.” - Dale Carnegie 4.“Fear defeats more people than any other one thing in the world.” - Ralph Waldo Emerson 5. “Action cures fear.” - David J Schwartz 6. “Do the thing you fear, and the death of fear is certain.” - Ralph Waldo Emerson 7. “Everything you’ve ever wanted is on the other side of fear.” - George Addair 8. “Fear is only as deep as the mind allows.” - Japanese proverb 9. “Courage is resistance to fear, mastery of fear—not absence of fear.” - Mark Twain 10. “If you are not willing to risk the usual, you will have to settle for the ordinary.” - Jim Rohn 11. “Do what you can, with what you have, where you are.” - Theodore Roosevelt Close The Deal With Yourself If something came to mind while reading this, that’s probably the thing you’ve been putting off. Not everything, just one decision or action that’s been sitting there longer than it should. You don’t need to solve the whole thing today. Just take the first step. That might be making a call, sending an email, or simply starting the process. Momentum doesn’t come from thinking about it, it comes from doing something, even if it’s small. If you want help getting started, there’s a short guide on this page that breaks down simple steps to take immediate action. It’s designed to help you move past hesitation and actually begin. Because at the end of the day, the goal isn’t to think about it. The goal is to start. FAQ (Fear, Procrastination, and Taking Action)
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