Episode 20

full
Published on:

15th Mar 2022

Startup vs Franchise - Is There A Winner?

Have you ever considered becoming a franchisee? How about starting your own business? There's a lot to consider along both paths, with specific requirements, pros and cons.

The decision of which to choose can be a difficult one, but today's episode will help provide some insight.

In today's episode of The Higher Standard, Chris discusses the pros, cons (and processes) associated with both franchises and starting your own business.

You'll learn why Chris and his wife began exploring the possibility of obtaining a franchise and what that entailed.

You'll discover The pros, cons and statistics of becoming a franchisee.

You'll learn about the extensive process that goes into becoming a franchisee, such as documentation, investments, etc.

You'll also discover the pros, cons and statistics of starting your own business.

Join Chris as he shares his insights into startups vs. franchises, and attempts to determine if one is better than the other.

Enjoy!


What You’ll Learn in this Show:

  • Why Chris began looking into the possibility of purchasing a franchise.
  • The pros, cons and statistics of becoming a franchisee.
  • The process for becoming a franchisee such as necessary investments, documentation, etc.
  • The pros, cons and statistics of starting your own business.
  • And so much more...


Resources:

Black Crown

Instagram

Facebook

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your hosts; Chris Naghibi and Saied Omar here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

About your host

Profile picture for Christopher Naghibi

Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.