As the owner of six franchises, Dave understands the challenges and rewards of choosing the franchise life. He currently serves as an Area Developer with Salons by JC and owns six SBJC franchises: four in the Nashville, TN, area; one in Huntsville, AL; and one in Sarasota, FL.
Topics: Franchise, How To Build Wealth, becoming a franchisee
Buying a franchise is a smart choice for many reasons: you gain more independence and flexibility, more control over your professional and financial future, and the opportunity to leave a meaningful legacy for your family. But there are certain times in life when buying a franchise can be especially smart.
Topics: Franchise, How To Build Wealth, becoming a franchisee
Using a Franchise Consultant: How the Process Works
Even if you’ve decided to purchase a franchise, you may still be on the fence about franchise consulting. I get it: if you’re planning to become a franchise owner, you’re probably an independent, do-it-yourself person. Franchising, however, is a complicated process, and there are literally thousands of options to choose from. A franchise consultant like Dave or Mack can save you time and help increase your chances of success by narrowing down your options to franchises that are a perfect match for your goals, resources, and skills.
How do we do it? Here’s a breakdown of how the process works.
Topics: Franchise, How To Build Wealth, becoming a franchisee
If there’s one thing that’s fascinated and frustrated me in over a decade as a franchise consultant, it’s the fact that from time to time I’ll see two candidates invest in the same business and end up with completely different outcomes. In some cases, this is the difference between one person growing a multi-million dollar business and the other just not growing. These unmatched pairs have become a bit of a study project for me, because great franchise systems are designed, by definition, to be replicable. Territories and unit locations are meticulously vetted. Candidates are carefully considered until the franchisor is confident they can be successful. Most of them are. But what about those outliers—the ones who take a great concept and run it into the ground? Over the years I’ve made a lot of notes about what divides these two groups so I can better prepare candidates for success.
Topics: Franchise, How To Build Wealth, becoming a franchisee
Many things take you by surprise, whether you are watching an NFL game and see a horrific injury... or your son is racing girls which leads to a surgeon's bill. What isn't surprising is the success of CertaPro Painters.
Topics: Mindset, Franchise, How To Build Wealth, becoming a franchisee, Podcast
Why a Franchise? Because I Was Laid Off Three Times
Pete and Nat are joined by a very special guest this week. Another podcast host and franchisee! Ray Pillar of Molly Maids in Aurora, Illinois comes on to discuss why he became a franchisee and why it is often the right choice for others.
Topics: Franchise, How To Build Wealth, entrepreneurship, job security, becoming a franchisee, Podcast
Secrets of a Franchising Granddaddy
Topics: Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast
New Franchise Early Adopter: Boost Your Franchise Investigation
Would you believe that during the coronavirus pandemic, franchises added over new 1200 locations? It is incredible to think that during the most significant economic downturn in decades, franchises were still expanding, and people still wanted to own a franchise. Many of the concepts that saw the largest growth were newcomers.
Topics: Insider, Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee
To kick off our first episode of 2021, Nat and Pete talk with Mark Titcomb of Floor Coverings International.
Topics: Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast
Green Energy Franchising Through Insulation
Topics: Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast