HIRE YOURSELF Blog

8 Common Mistakes Franchise Investors Make

Posted by Pete Gilfillan on Dec 4, 2022 9:44:12 AM

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. 

Read More

Topics: Franchise, How To Build Wealth, becoming a franchisee

Zoom Your Quote

Posted by Pete Gilfillan and Nat Truitt on Jun 3, 2021 1:14:00 PM

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.

Read More

Topics: Mindset, Franchise, How To Build Wealth, becoming a franchisee, Podcast

Why a Franchise? Because I Was Laid Off Three Times

Posted by Pete Gilfillan and Nat Truitt on Jun 2, 2021 1:10:00 PM

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.

Read More

Topics: Franchise, How To Build Wealth, entrepreneurship, job security, becoming a franchisee, Podcast

Secrets of a Franchising Granddaddy

Posted by Pete Gilfillan and Nat Truitt on May 28, 2021 1:07:00 PM

Have you heard of the "Silver Tsunami"? As Baby Boomers age, they will need more and more help.

Read More

Topics: Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast

New Franchise Early Adopter: Boost Your Franchise Investigation

Posted by Pete Gilfillan and Nat Truitt on May 28, 2021 12:31:00 PM

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.

Read More

Topics: Insider, Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee

It's About Customer Service

Posted by Pete Gilfillan and Nat Truitt on May 27, 2021 1:03:00 PM

To kick off our first episode of 2021, Nat and Pete talk with Mark Titcomb of Floor Coverings International.

Read More

Topics: Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast

Green Energy Franchising Through Insulation

Posted by Pete Gilfillan and Nat Truitt on May 26, 2021 1:00:00 PM

Green energy will be huge and insulation is a great way to help the environment.

Read More

Topics: Franchise, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast

Owning a Franchise Can Make You Seven Types of Wealthy

Posted by Pete Gilfillan and Nat Truitt on May 25, 2021 12:31:00 PM

Most entrepreneurial-minded franchise candidates are focused on building one type of wealth as a franchisee: income. But they often overlook the many other types of wealth you can create through owning a franchise. 

Read More

Topics: Franchise, How To Build Wealth, becoming a franchisee, Podcast

From Tech Guru to Painting Franchisee

Posted by Pete Gilfillan and Nat Truitt on May 20, 2021 12:52:00 PM

People are always surprised by the suggestions consultants give them during the search process. This week's podcast guest is Derek Wolfe, who was an entrepreneur in the tech world and decided to invest in a franchise. 

Read More

Topics: Mindset, Franchise, How To Build Wealth, becoming a franchisee, Podcast

Cleaning Products You Can Drink!

Posted by Pete Gilfillan and Nat Truitt on May 19, 2021 12:49:00 PM

We all clean–or we hire someone to do it. Not all services are the same though. Ecomaids offers a very unique service of eco-friendly cleaning. No harsh chemicals are used, but a proprietary, all-natural product and skill are used to make sure your house it germ free.

Read More

Topics: Insider, How To Build Wealth, entrepreneurship, becoming a franchisee, Podcast

Subscribe Here!

  • There are no suggestions because the search field is empty.

Podcast Episodes

Recent Post