Buying a franchise can be an excellent move for an aspiring entrepreneur who doesn’t want to build a new business from scratch. In a perfect world, franchisees acquire a model that works on every level. However, it is not entirely a walk in the park. There are still a bunch of challenges that may come your way.
Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE: https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr
Today, Erik and Jeff continue their conversation about the lessons they learned from their many years in the franchise industry and talking to hundreds of brands. In this episode, they discuss what they would do differently if they had to start over as a franchisee. Erik and Jeff reflect on what it was like buying a franchise the first time and the learning that came as they ventured into more brands.
If you want to get expert insights on franchising, Erik and Jeff have them ready for you.
“You just do one thing and do it better than anyone else.” - Jeff Herr
In This Episode:
- Throwback to when Erik and Jeff bought their first franchise 20 years ago
- Why do you need an advisor?
- Key people to hire as you start growing your business
- What brand would Erik and Jeff have bought, built, and scaled as a franchisee?
- How do you find a brand that might be primed for private equity?
Resources:
🌐 Consult with Erik: https://form.jotform.com/222685728939070
🌐Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐Franchisees and franchisors find proven tactics and strategies to scale YOUR businesses https://scalablefranchise.com/
🌐 Front Street Equity Partners - https://www.frontstreetep.com/
🌐 Tribe of Investors - https://tribeofinvestors.com/
Connect with Jeff Herr:
🌐Website - https://www.frontstreetep.com/
💼 LinkedIn - https://www.linkedin.com/in/jeffrey-herr-606b74a
Connect with Erik Van Horn:
🌐 Website - https://franchisesecrets.com/
📷 Instagram - https://www.instagram.com/erikvanhorn/
👍 Facebook - https://www.facebook.com/erik.v.horn/
👥Facebook Group - https://www.facebook.com/groups/franchisesecretsfb
💼LinkedIn - https://www.linkedin.com/in/evanhorn/
🎥YouTube - https://www.youtube.com/channel/UCGL_DGqEd54pcu_zgOICdSA
Ⓜ️Medium - https://medium.com/@erikvanhorn
Franchising Trends And Insider Scoops To Watch Out For In 2024 with Jeff Herr
Build Your Wealth & Create Freedom Through Franchising With Brian Beers
Erik Van Horn Answers Your Burning Questions About Franchising
The Recipe Behind Dirty Dough's Success With Bennett Maxwell and Jill Summerhays
The Story Behind Hawaii Fluid Art With Maya Ratcliff
The Brilliance of Boring Businesses With Justin Donald
Adding a Third Brand: Franchise Growth & Diversification With Anne Marcovecchio
Critical Success Factors For Emerging Brands With Front Street Equity Partners
Video Storytelling Secrets to Grow Your Franchise With Trevor Rappleye
Insider Tips and Tricks to Building a Franchise Empire, From The Wolf of Franchises
Franchise Marketing Strategies For Multi-Location Businesses With Madeleine Zook
Don't Buy a Franchise Unless You Know This With Bobby Brennan
Here’s What It Actually Means to Build Brands With Rich Moyer
Why You Should Be Data-Driven in Franchising with FRANdata's Edith Wiseman
How to Find the Best Franchise Location With Jonathan Hill
How to Be a Great Salesperson by Asking the Right Questions With Phil M Jones
Proven Strategies That Will Make You an Unstoppable Entrepreneur with The Muscle Keaton Hoskins
Franchising for Impact: Magen Bynum's Story With Magnolia Soap and Bath Co
Mastering Franchise Dynamics: The Role of Franchise Associations and Advisory Boards With Alex Klaus
A Deep Dive on Multi-Brand Franchising With Justin Sharbutt
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Effective podcasting strategy for growth and monetization
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Money Mondays