Franchise Hot Seat Podcast

Aaron Harper, a franchisor from Rolling Suds, makes the process of selecting franchisees to an art form. But here's the catch - it's not just about having the right skills. Sure, skills are important, and it's the franchisor's job to teach the necessary ones. But what's even more crucial are the behaviors. And that's where the concept of responsible franchising comes in. It's not just about making a sale. It's about saving a potential franchisee from failure. It's about ensuring that the person you're handing your business model to is not just capable, but also responsible. Because at the end of the day, franchising is not just a business transaction. It's a partnership. And like any good partnership, it requires more than just skills. It requires the right attitude, the right behaviors, and above all, responsibility. So next time you hear about responsible franchising, remember - it's not just talk. It's the art of picking the right dance partner. https://lnkd.in/esXfQABC With Aaron Harper: https://lnkd.in/ePf8xQx7 #ResponsibleFranchising #FranchiseeSkills #FranchisorResponsibility

Matthew Haller recently shared four core tenets that every franchisor should live by. First, setting clear expectations for franchisees. Second, ensuring capital adequacy - can the franchisee afford to invest and operate the business? Third, choosing the right franchisees, and lastly, aiming for sustainable growth. These tenets are the building blocks for responsible franchising. But there's one area where franchisors often stumble - choosing the right franchisees. Remember, it's the franchisor's job to choose wisely when selling or awarding a franchise. When things go wrong, it's often because the franchisor chose the wrong franchisees. So, let's be more mindful in our franchising decisions, shall we? https://lnkd.in/esXfQABC With Matthew Haller: https://lnkd.in/gv2U8-vE #ResponsibleFranchising #ChoosingRightFranchisees #SustainableGrowth

Franchising is a cornerstone of our economy, fueling growth in communities across the nation. Yet, it's under threat. Looming franchise legislation has caught the attention of franchisors, and for good reason. This new legislation could potentially dismantle the very fabric of franchising, leading to financial devastation for countless communities and states that thrive on the economic output of franchise businesses. Now, more than ever, it's crucial for all of us, especially franchisors, to raise our voices and fervently protect the future of franchising. https://lnkd.in/esXfQABC #ResponsibleFranchising #FranchiseLegislation #ProtectFranchising

Failure. It's the big, scary monster that keeps many of us from diving into the world of franchising. But here's the thing. Not all franchises are created equal. Some brands have a solid track record, a history of success that makes them a safer bet. But, unfortunately, not all franchises can boast the same. It's crucial to do your homework before buying a franchise. Some might say, "Buyer beware, due diligence is the buyer's responsibility." And while there's some truth to that, I believe in a community approach. Franchisors, franchisees, and vendors should all work together to promote responsible franchising. Because at the end of the day, we're all in this together. https://lnkd.in/esXfQABC #FranchiseBuying #DueDiligence #ResponsibleFranchising

The International Franchise Association recently reminded us that we're collectively responsible for protecting the franchise model. But let's talk about something we've been avoiding: responsible franchising. It's a topic that hasn't been openly embraced in the U.S., unlike in Europe where the European Franchise Federation and the British Franchise Association have been champions of this cause since the 1980s. It's time we take a page from their book. We've seen American franchisors sell their brand's master licenses for big bucks, only to see them fail. Not because the brand wasn't good, but because it wasn't ready for international expansion. Let's learn from this and strive for responsible franchising. It's not just about the money, it's about the longevity and success of our brands. https://lnkd.in/esXfQABC #FranchiseCommunity #ResponsibleFranchising #InternationalExpansion

Let's talk about the ABCs of business. It's like learning to ride a bike - you need to know the basics before you can start pedaling. But what if you're brimming with entrepreneurial spirit and just can't wait to get started? Well, that's where the magic of franchising comes in. It's like getting a bike with training wheels and a GPS - a proven system that guides you towards success. But hold on, don't rush into it. Take a moment to reflect. Ask yourself, 'What's my vision for the next five years? What kind of business do I want to build? Where do I see myself investing my time?' Maybe the answer is in franchising. When you invest in a franchise, you're not just buying a business. You're buying a brand and a system. It's like getting a head start in the race towards your business dreams. So, are you ready to take the plunge and explore the vast ocean of franchise opportunities? Stick around for more nuggets of wisdom on how to turn your business ownership dreams into reality. #GenZEntrepreneurs #FranchiseOpportunities #BusinessOwnershipDreams

If I could step into the shoes of a Gen Z for a moment, here's what I'd do. First up, I'd focus on getting an education. Not just the traditional, textbook kind, but the kind that you can apply in real life. Next, I'd take some time to really get to know myself. I'd map out where I want to be in five, ten, twenty years. Lastly, I'd take control of my finances. And I'm not just talking about saving up or getting a job. I'm talking about starting my own business. Education, self-awareness, financial control. Three steps to a future you can be proud of. #GenZEducation #SelfDiscovery #FinancialIndependence

Hey there, folks. I've picked up a few nuggets of wisdom that I wanna share with you. First off, relationships are key. Whether it's with your family, friends, or colleagues, knowing how to build and maintain strong relationships is a skill that will serve you well. Next up, don't be afraid to take the leap and start your own business. I can't tell you how many times I've looked back and wished I'd acted on some of the ideas I had when I was younger. Finally, and perhaps most importantly, take care of yourself. Your health is your most valuable asset, so make sure you're doing everything you can to protect it. Stay tuned for more pearls of wisdom from a guy who's been around the sun a few more times than most of you. #LifeLessons #RelationshipBuilding #HealthAndWellness

Let's debunk these myths about Gen Z's First off: Gen Zs are not lost or aimless. In fact, they're more focused and driven than any generation before them. Secondly, Gen Zs are carving their own path. They're not interested in sticking with one company for decades until retirement. They crave variety, growth, and new experiences. Lastly, and most importantly, Gen Zs are true learners. They're always seeking knowledge, processing it, and figuring out how to apply it to their lives. This thirst for learning is what truly sets them apart. So, here's to the Gen Zs, the generation that's redefining the future of work and learning. #GenZEntrepreneurs #FranchisingEducation #FutureOfWork

Here's a little wisdom from my time as the former CEO of We Buy Ugly Houses. Lesson one, you've got to be the right fit for the business. Lesson two, it's all about the systems. And the final lesson, relationships. Stay tuned for more insights from my 40 years of business experience. #FormerCEOInsights #FranchiseSuccess #RelationshipBuildingInBusiness