“I would recommend looking at multiple different business opportunities so you get a basis for comparison, particularly if you're new to owning a franchise or a small business. If this is something you haven't spent an extensive amount of time on, you have no basis for comparison. It’s important to interview multiple concepts even if something imme…

“In the first year, I did $1.3 million in revenue with a 37% net profit. So I was somewhat patting myself on the back, but behind the scenes, I was working 19-20 hours a day, six days a week, I'd work half a day on a Sunday, sleep in a little bit, get some rest and do it all over again. I grew the business very quickly and I thought that's what bei…

“I want to point out something in regards to what you were just saying about the consumer and what you look for as a consumer. I believe this is important for any stay-at-home parent who’s listening. I think a lot of times people who've been home with their kids might assume that since they’ve been out of the workforce for a period of time, they mi…

“I had zero business background when I was starting out. I went to a number of people and asked them for their book list. I let them know I was starting my own law firm and I asked for the top books they’d recommend. If a book was recommended more than once, it went to the top of the list. I read a ton of books. I also networked and met some amazin…

“The 212 Degree concept probably entered my life a decade before I started my business. I remember being in Las Vegas getting some copies made at Kinko’s for a trade show and saw this book called 212 Degrees. I thought it looked interesting and picked it up. The name of my company is Image 212. 212 Degrees is really all about the extra degree. At 2…

“I am absolutely passionate about the pet space because of Mercedes and Bugatti. I love technology and what I have built. I absolutely love coming to work every day. I think that that's the core difference - I love it! I love working with our franchise owners. I love the creativity they come up with. I love the daily challenges, looking at those ch…

“There's a group of about eight of us that try and get together once or twice a month on a Zoom call. We discuss our frustrations, what's working, what's not working, where we're finding new opportunities, everything business-related. It's great because you can feel like a lone ranger as a franchise owner, and I love having other franchisees to bou…

“In my view as an entrepreneur, the key is not just accumulating wealth, but keeping it. Both the ROBS and the RAP can help you accumulate, accelerate, and protect wealth while reducing taxes. These programs can cut your taxes by 40-50% annually and exempt you from capital gains tax indefinitely. Their appeal lies in their ability to shield you fro…

“One of the other franchisees was amazing. He went through and introduced me to contacts in my territory that he’d been working with. Once you own a territory, it's your territory. He was really selfless. Everybody in the Donut Envy family has been incredibly selfless. We have a WhatsApp chat with all of the North DFW owners, and then we have a Wha…

“One of my favorite topics to talk about is what I believe are the five common characteristics of all highly successful people. And the great thing is they're all learned skills. It isn't how you were born or what your parents were. They are: a positive mental attitude goal-directed behavior self-motivation a sense of urgency and never stop learnin…

“The technology we started using from the very beginning has evolved over time, but it’s really brought a lot of transparency to the families we work with. They can log in and see what caregiver is coming, what they did on their last shift, and what the care plan looks like. All of that information is available at their fingertips to help them keep…

“One of the things the franchisor explained to us is, in bad economic times, you're not going to have this huge amount of people who are going to be interested in what you offer like in normal times. You have to double down on your marketing because those people don’t all go away, there’s just a smaller amount of them who are willing to and still h…

“Don't fall in love with a business or industry, or whatever it is, early on. If you’re looking at franchises, make sure you take the time to talk to other franchisees in the system and talk to a lot of them. Ask the tough questions about worst-case scenarios as well as the positive aspects of the business. Make sure you think about your potential …

“My networking group was very welcoming. I remember my first meeting where I had to stand up and introduce myself and I stumbled over my words. I knew what I wanted to say, but I just couldn't get it out. And slowly, I've mastered the art of explaining what I do, and they've embraced me. I'm comfortable now.” One of the things that comes up in ever…

“It's so fun and we've had many renewals. We have franchisees that have been with us for 10 years, and for them to ask for another five, it’s wonderful. I love that we’re also creating options for people. Listen, after 10 years, if you’ve got a thriving, booming business, you can sell it and we’ll be happy for you. Or, you can keep going and contin…

“My advice is read the E-Myth by Michael Gerber. It's the first business book I ever read, and that set me on the path to franchising because that whole book is all about setting systems and processes in place. It recommends keeping the end in mind as if you're going to franchise your business, even if you never do, because that allows you to truly…

“Our business is in its infancy. We are truly just scratching the surface of what it is that we're doing. There is so much more growth potential here. Some of the offices across the country are well above 30 million in sales. This has set my eyes and goals towards thinking that we should be closer to 40 million at one point or another. That is extr…

“I hear that question a lot and I think my response is probably always the same. ‘Don’t have analysis paralysis. Don't overanalyze everything.’ If you take too much time to analyze every little detail, your opportunities may pass you by, especially in the franchising world. With these brands opening as quickly as they are, you could lose your terri…

“All three of these buckets are very viable reasons to attend this conference. The first one is you're already in a brand with multiple locations, you're not really interested in another brand, but you want to keep growing the locations you have either through organic growth or acquisitions, and you want to learn how to do that better with less str…

“After attending that seminar, I learned the longest product offering was a two-week bathroom remodel. Every other business was windows, siding, roofing, and driveways, all quick in-and-out jobs where you could create a volume-based business. You can still make your customers happy, but you're in and out and you're onto the next project. I told mys…

Cash flow and profit are not the same. Both times Jhony went into business were out of necessity because the two businesses he was working in were not properly managing their finances. The first one ran out of money and couldn’t meet payroll, and the second one was not profitable due to overspending. Starting out on the right foot with a solid busi…

Imagine getting involved in a concept 29 years ago when this idea emerged that chicken wings can one day be a center-of-the-plate opportunity. Wingstop now has over 1500 locations worldwide. They definitely proved the concept! And, now we have many chicken wing brands to choose from as consumers and investors. Every brand has to start somewhere. If…

Sharing our fall franchise convention industry updates.由RNCN

I didn't even consider a resale when we first started talking. I just knew I wanted to get into my own business.由RNCN

Brien and Lesli recognized a need for mobility products when they had a personal need. They felt the market was fragmented and wanted to be able to own a business that they felt helped others.由RNCN

There are pros and cons to franchise brands in all stages of development. Some people are attracted to established brands and some are attracted to emerging brands like B Nutritious. Some of the advantages to joining an emerging brand are: having direct access and a relationship with the founder the opportunity to grow with the brand he potential t…

The systems and support of a franchise are what makes it an attractive opportunity. Many of us in franchising are not trying to, nor do we want to, reinvent the wheel. We’re looking to join something that already has forward momentum. Once there is momentum, the runway is much shorter. We don’t know what we don’t know, and if we’re trying to figure…

This is the last business I thought I’d own由RNCN

Health and wellness franchises are on the rise. We’re living longer as a society and want to live healthy, active lifestyles. In order to do that, we must take care of ourselves. Post-Covid, there is more awareness than ever about taking care of our bodies. Over the next few years, you’ll start to notice more and more wellness-focused businesses po…

If you’re thinking about starting a business, it’s a good idea to begin thinking about what the business would need to do for you. What do you want and need out of that business? Everyone has a different “why”. Understanding your “why” will help you find a business that can give you what you’re looking for. The last thing you want to do with a busi…

We have a saying about the Golden Rule - ’”the one with the gold makes the rules.” When you’re thinking about finding an investor, we encourage you to talk about all of the points mentioned in this podcast, and then some, up-front. Please meet with an attorney and work everything out on paper. This can save you a lot of heartache in the future shou…

Sales can be uncomfortable for so many people. If you look at sales as an art and learn to do it well, it can be a tremendous benefit to your business and your personal life. Good, honest, ethical sales is all about asking good questions and listening well. It’s really all about diagnosing a situation and determining whether or not you can offer or…

So many of us are programmed this way. We never think about our talents outside of the workplace. Many times it doesn’t dawn on us until we’re in a situation where we’ve been outplaced and we’re having a hard time finding our next step. For many of us, we would never have considered starting a business had our hands not been forced. For the people …

There will always be risk involved when starting a business. Al gives us some clear advice on how to do proper research to mitigate some of the risk. Ultimately, when you’re making an investment, it’s wise to never invest more than you’re willing to lose. If something does go sideways, can you recover? If the answer is no, then maybe the amount you…

We love the support franchisors provide for our clients. We realize that all franchises are not created equal. This is why it’s so important to perform proper due diligence when selecting which franchise brand you’d like to partner with. The amount of support provided by franchisors like Building Kidz is like having a built-in business coach. How g…

“Digital technology is growing at lightning speed. It's very hard to keep up. Even for someone like me that does this for a living, it's a lot. Without the resources of the franchisor, I would be constantly looking for help. How would I stay on top of everything that's going on with Google, Facebook, AI and ChatGPT? As a technology person, I know h…

Franchising is not for everyone. If you are super creative and entrepreneurial, you may want to carve your own path and create your own wheel. We cover many current and relevant topics. A few include: ◈The ‘why’ of business ownership ◈How to properly own multiple brands ◈What franchises are looking for in potential franchise owners…

Franchising is not for everyone. If you are super creative and entrepreneurial, you may want to carve your own path and create your own wheel. We cover many current and relevant topics. A few include: ◈The ‘why’ of business ownership ◈How to properly own multiple brands ◈What franchises are looking for in potential franchise owners…

Businesses take a while to ramp up. Starting a business from scratch or buying a franchise is not a get-rich-quick effort. It takes time and persistence. There will be times when you find yourself extremely frustrated because things aren’t going as planned. Everyone has days like that. We believe starting a business should be a five-year plan at a …

There are over 700,000 operating franchise locations in the United States. Many franchise agreements have been signed and then signed again when a franchisee decides to renew their agreement for another term. Franchise agreements can be daunting, but there is a way to get clarity and understand exactly what you’re signing up for. We always recommen…

There is never a perfect time to start a business. There will always be reasons not to do it. For those that are serious about owning their own business, it will be uncomfortable, you will feel fear, and people will think you are crazy! We cover many current and relevant topics. A few include: ◈How a founder of a business prepares for and works thr…

We are the first to admit that franchising is not for everyone. There are pros and cons to every type of business ownership and everyone needs to figure out which route they feel is best for their personal situation. In this episode, we get to hear from seasoned independent business owners about why they chose to invest in a franchise for their sec…

"I remember my family and close friends being concerned about me leaving a well-structured, well-paying job. I was 30 years old. I wanted the challenge of being my own boss to increase my freedom, increase my wealth, and to be able to grow something that I can either sell or pass on to my family."由RNCN

The resale industry is a great opportunity for those interested in a sustainable business. There is actually a day committed to consignment awareness. National Consignment Day is the first Monday of every October and is designed to promote consignment in the apparel industry as a way to reduce waste. More than 80 billion pieces of apparel are manuf…

“Just do it. Jump in. Don't spend too much time analyzing different concepts; jump in and do it. I know a lot of people that say ‘Oh, you're actually doing a franchise? I almost did that, or I looked at that, but I'm still at my corporate job’ It's definitely nerve-wracking. It's still nerve-wracking almost a year in. But do it. And, worst case sce…

"There are so many opportunities in franchising. It's always fun to see what's up and coming, and partner with these companies to help our clients accomplish their goals.” We cover many current and relevant topics. A few include: ◈Franchisors post-pandemic ◈New trends in franchising ◈Interesting new franchise concepts Watch the full episode to get …

“Just do it. Jump in. Don't spend too much time analyzing different concepts; jump in and do it. I know a lot of people that say ‘Oh, you're actually doing a franchise? I almost did that, or I looked at that, but I'm still at my corporate job’ It's definitely nerve-wracking. It's still nerve-wracking almost a year in. But do it. And, worst case sce…

Every bank will have different criteria for what they are looking to lend on. They also have different appetites for different loan amounts. The bank that funds a McDonald’s is most likely not going to be the same bank that funds a painting franchise. This can be frustrating for the person looking for the loan. Watch the full episode to get more gr…

Scores of franchises have been in business for many years and have multiple locations before they ever decide to franchise. We bring this to your attention because a fair amount of the brands we represent are what we call “emerging” franchise brands. They may just be getting their start in franchising, but they have a proven business model with a p…

There are many emotions involved when looking into starting a business. Fear and excitement go hand in hand. Sometimes, it’s hard for people to manage their fear in this process. They let the fear supersede the excitement which ultimately steals their dream. Chris is a performance coach who helps people break through beliefs that are holding them b…