Step into the world of entrepreneurial success with me as I sit down with Patrice "Sway" McKinney, the visionary founder behind Encore Salon Suites and franchising expert. Former WNBA star turned business mogul, Patrice shares her bold decision to transition from professional basketball to entrepreneurship—a move that not only defied expectations but also propelled her to financial success through franchising.

In this conversation, Patrice reveals her transformative journey of starting and scaling Encore Salon Suites into a thriving franchise empire. She unpacks the strategic steps she took to ensure franchise readiness, from developing robust operational systems to navigating legal intricacies.

We’re going to talk about the essentials of franchising, offering practical advice on finding mentors, embracing career shifts, and building multiple income streams. Whether you're considering franchising your business or exploring franchise opportunities, this episode promises invaluable insights and inspiration to fuel your entrepreneurial journey.

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KEY POINTS

• Breaking down the franchising process
• How Encore Salon Suites started
• Selling a business and expanding through franchising
• Franchising businesses, qualifications, and legal requirements
• Entrepreneurship, career shifts, and letting go for personal growth
• The importance of research and patience in business ventures
• Finding good mentors and investing in oneself for business success
• On having multiple sources of income to generate wealth
• The importance of embracing one's multifaceted nature

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QUOTES

“You need to have those systems in place if you can or if you haven't already… Document your training, document your marketing, [and] have an operations manual. If you have those three things in place then you're ready to franchise. – Patrice "Sway" McKinney

“Most people struggle. What do they do? It's through trial and error. You don't know. Just try it out. Try it out again. Have a plan to eliminate the risk and just keep pushing.” – Patrice "Sway" McKinney

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GUEST RESOURCES

Patrice "Sway" McKinney

IG | @sway_thepro

Website | thesalonsuitemodel.com

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RESOURCES

Jasmene Bowdry

IG | @jasmenebowdry

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AND This is produced by EPYC Media Network