Celebrities, athletes and other famous people are already rich but they could have more wealth but in order to grow to empire status they will have to diversify their portfolio. I’ll show you what different celebrities are investing in and how you can do the same and increase your financial future.

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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here:

NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

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Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here:

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Franchising is a business model where a franchisor grants a license to a franchisee to use their branding, products, services, and business methods in exchange for a fee or royalty. It is a popular way for entrepreneurs to start a business because they can leverage the franchisor’s proven system, training, marketing, and support to increase their chances of success.

However, franchising is not only for small business owners. Many celebrities, athletes, and wealthy individuals also invest in franchises for various reasons. In this article, we will explore why celebrities choose to invest in franchises.

Brand recognition:

Celebrities often have their own brand and fan base that they can leverage to promote other businesses that they invest in. By investing in a franchise, they can use their star power to attract customers and build brand awareness. For example, Shaquille O’Neal, former NBA player, invested in several franchises such as Auntie Anne’s Pretzels, Papa John’s Pizza, 24 Hour Fitness, and Five Guys Burgers and Fries. His endorsement and appearances in commercials and social media posts helped these franchises to gain more attention and customers.

Passive income:

Another reason why celebrities invest in franchises is the potential for passive income. Unlike active businesses where owners have to work long hours and be involved in daily operations, franchises allow investors to earn income from their investments without being too involved. Franchisees receive ongoing royalties or fees from their franchisees in exchange for the use of the brand and system. This is appealing to celebrities who may have limited time due to their busy schedules but have financial resources to invest.

Diversification:

Celebrities often have diverse streams of income from various sources such as acting, endorsing products, and investing in companies. Investing in franchises allows them to diversify their portfolio and spread their risk across different industries and locations. They can invest in multiple franchises in different fields such as food, fitness, retail, or entertainment. This strategy can help them to protect and grow their wealth over time.

Entrepreneurial spirit:

Finally, some celebrities invest in franchises because of their entrepreneurial spirit. They may have a passion for business, innovation, or technology and want to be part of a growing industry. Franchising is a dynamic and evolving business model that offers many opportunities for creative and ambitious individuals. By investing in franchises, celebrities can learn from experienced franchisors, network with other entrepreneurs, and contribute to the growth and development of their investments.

In conclusion, celebrities invest in franchises for various reasons, including brand recognition, passive income, diversification, and entrepreneurial spirit. Investing in franchises can be a smart move for celebrities who want to leverage their fame and financial resources to build wealth and achieve their business goals. However, like any investment, it requires research, due diligence, and careful evaluation of risks and rewards. Celebrities should work with experienced advisors and franchise consultants to make informed decisions and maximize their returns.