Did you know... The SONIC Franchise Story How SONIC became one of the most iconic brands in the nation with an even brighter future SONIC is an American success story that continues to flourish with every new chapter. Founded in 1953, SONIC franchises have risen from...
Think who rather than how
Often entrepreneurs get stuck on how to be able to afford to pay someone. There are so many options here that can be used and implemented. I have used all of these and continue to do so. 1. It is unlikely that you need someone full-time. In fact, I prefer to engage...
3 Ways to Reduce the Frustrating Aspects of Your Franchise Search
Why are you considering franchising? Because it offers lots of support, proven brands, and established operations and protocols, right? But now you have to figure out which franchise is the right franchise, and the answer will be different for everyone (or we’d all...
Where can you find ideal franchisees?
And how do you stay away from the bad deals and time wasters? After working with thousands of franchises, here's what I found. There is a "formula" that you can use to get more ideal recruits. This formula lets you paint a clear picture of who to attract and...
HOW TO WRITE A PROCEDURE TEMPLATE HERE
This becomes very valuable intellectual property (IP) for your business going forward. An excellent example of this is how we train Franchisees in my property inspection business - “Resicert”. I still recall the training session with my very first Franchisee - Jason...
Franchise fun facts In-N-Out
Did you know… Harry Snyder introduces California's first drive-thru hamburger stand in a space barely 10 square feet at Francisquito and Garvey in Baldwin Park. Every day before dawn, Harry visits the meat and produce markets to pick out fresh ingredients, which he...
You’ve got to write it down – power of Hatting part 2
The aim of reducing this dependency is removing these ropes from your belt. If you have no ropes on your belts anymore then the business is fully independent of you. Now the trick here is how this takes place. It is essential that these ropes are unclipped from your...
Today’s Lower Price of Opening a Franchise or An Additional Location
On a morning last month, my financial advisor explained his bearish stance on investment growth. Until we have herd immunity (from a combo of exposure and vaccines), the market may not perform as it has in the last few years. But don’t let that stop you from...
Think who rather than how
This concept is a great one for helping create Independence. If you have built your business up from scratch you will typically have continually worked out how to get something done. Let’s face it in business there is a never-ending bunch of new things that have to be...