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
Is Hiring a Franchise Consultant Worth It? With Trent Halvorson
Passive Investing With Franchisee Operating Partners With David Lawver
From Rivals to Allies: How Life's Lessons Molded Us With Jeff Herr
From Flipping Couches to Building Multiple Business Empires With Ryan Pineda
Building Jimmy John's Brand on Grassroots Marketing With Gregg Majewski
Building Your Dream Team to Scale Your QSR Business With Wyatt Batchelor
Unlocking the Secrets of Wealth: A Conversation With Greg Smith on Living Through 8-9 Economic Cycles
Scaling Against the Odds: Derek Landino's Franchising Story
Empowering Women Inside and Out: How Melanie Richards Disrupted the Spray Tanning Industry
Boosting Enterprise Value: Insider Tips for New Franchisors With Bobby Brennan and Jeff Herr
Beyond the Grind: Unleashing the Secrets to Sustainable Success With Brad Sugars
Unlock the Power of Digital Marketing: Supercharge Your Franchise Success With Dennis Yu
The Mompreneur's Journey: Succeeding as a Hand & Stone Multi-Unit Franchisee with Tara McLain
Designing Your Dream Life: Dave Allred's Path to Financial Freedom and Fulfillment
Breaking Boundaries: Jeff Herr and Zack Fishman on the Rise of Young Entrepreneurs in the Franchising World
Unleashing Success: Insights from Adam Lyons on Business Strategy With Solutions and Predictions
Partnering for Success: Alex Yeater and Drew Brees' Secrets to Building a Thriving everbowl Franchise
How a Rookie Tropical Smoothie Franchisee Outperformed the Brand's Best: Clement Troutman's Story
The Multiples Approach: Navigating Business Valuation and Acquisition with Luke Andrus
Franchising for Growth: How to Build a Profitable Business Empire with Yoel Gutierrez
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