Mike Halpern’s Post

In a recent 1851 Franchise article “Guide to Buying Another Franchise: Study the Resale Opportunities” I had the chance to discuss key considerations prospective franchisees should take while performing due diligence and how to avoid common pitfalls when exploring additional franchise opportunities. In this piece I discuss the importance of thoroughly: - Evaluating the franchisor - Evaluating the franchise agreement - Conducting validation by speaking with other franchisees in that system To read the full article, see the link in the comments! 🔗  #success #motivation #entrepreneurship #franchising _________________________ → Follow & ring the 🔔for more franchise/business ownership tips & insight  → Professional Page: Franchise Vision®

How does one of the most successful franchises in the U.S. have such a low barrier to entry? In my latest video, I discuss how Chick-fil-A stands out in the franchise world by requiring just $10K to get started. It’s an opportunity many entrepreneurs consider, but there’s a catch – Chick-fil-A also has the highest royalty structure in the industry. If you’re curious about how these factors balance out, why so many people still choose Chick-fil-A, and what it could mean for potential franchisees, check out the video! What are your thoughts on this franchise model? Let me know in the comments! #franchising #smallbusiness #beyourownboss #entreprenur #businessowner #franchisee #theyounetwork

🚨🎙️Joining us in the Franchise QB huddle today is Tony Hulbert, CEO of HorsePower Brands🎙️🚨 Tony discusses his entrepreneurial journey and the development of HOWIE, a new technology created by HorsePower Brands. He shares the challenges faced by franchisees and how HOWIE aims to address them. Takeaways HorsePower Brands has grown rapidly through franchising by focusing on their shared service model, data-driven strategies, and the development of Howie technology. Technology, such as artificial intelligence and digitization, is transforming franchising in areas like estimating and communication with customers. Successful franchise relationships require constant focus on the franchisee-franchisor relationship, setting clear expectations, and having a long-term vision. Franchise candidates should prioritize revenue-generating activities, have optimism and a long-term view, and be willing to follow the Franchisor's system. Established business owners considering franchising should seek advice from experienced consultants and industry professionals. Adopting the Entrepreneurial Operating System (EOS) philosophy can help franchise systems align their vision, set goals, and improve accountability. Josh Skolnick Zachery Beutler Anthony Spagnola Joshua Hoffmann Jody Lynn Newell Logan West Corey Shanahan Brandon Zurek Luke Schwartz Courtney Carter Reppert Steve Reppert Kenady Te Grootenhuis #Franchising #Entrepreneurship #sidehustle #FranchiseOpportunities #franchiseconsultant #franchises #franx #smb #buyabusiness

𝐃𝐨 𝐟𝐫𝐚𝐧𝐜𝐡𝐢𝐬𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐜𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐜𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐨𝐟 𝐨𝐰𝐧𝐞𝐫𝐬 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐟𝐫𝐨𝐦? 𝐓𝐇𝐄𝐘 𝐒𝐇𝐎𝐔𝐋𝐃!🤓 When investigating an investment of the scope and magnitude that new business ownership entails THIS is one of the factors you should be looking at IN DEPTH! MAKE A PRIORITY to investigate the franchise and meet all of the people who are going to be helping you. 1. DO YOU LIKE THEM?😁 2. DO THEY SEEM COMPETANT and CONFIDENT? Another thing you want to do is mystery shop the franchisees as well as their competition to see if the offering is truly better. Remember – you are paying royalties not only for IP, but also for SUPPORT you would not have (or PAY for) if you did not own a FRANCHISE. Before buying the franchise, my advice is to spend a day or two working in a franchise and helping an owner. Most people will not turn down free help if you are truly interested in buying the franchise. This will give you a great understanding of what you’re getting yourself into. #entrepreneurship #ownership #franchises #veteranshelpingveterans #servantleadership #veteranownedbusiness #franchisebusiness

𝐃𝐨 𝐟𝐫𝐚𝐧𝐜𝐡𝐢𝐬𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐜𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐜𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐨𝐟 𝐨𝐰𝐧𝐞𝐫𝐬 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐟𝐫𝐨𝐦? 𝐓𝐇𝐄𝐘 𝐒𝐇𝐎𝐔𝐋𝐃!🤓 When investigating an investment of the scope and magnitude that new business ownership entails THIS is one of the factors you should be looking at IN DEPTH! MAKE A PRIORITY to investigate the franchise and meet all of the people who are going to be helping you. 1. DO YOU LIKE THEM?😁 2. DO THEY SEEM COMPETANT and CONFIDENT? Another thing you want to do is mystery shop the franchisees as well as their competition to see if the offering is truly better. Remember – you are paying royalties not only for IP, but also for SUPPORT you would not have (or PAY for) if you did not own a FRANCHISE. Before buying the franchise, my advice is to spend a day or two working in a franchise and helping an owner. Most people will not turn down free help if you are truly interested in buying the franchise. This will give you a great understanding of what you’re getting yourself into. #entrepreneurship #ownership #franchises #veteranshelpingveterans #servantleadership #veteranownedbusiness #franchisebusiness

🚨🎙️Joining us in the Franchise QB Coaches Corner today is Mike Grecky, CFC, Owner of Grecky Franchise Consulting🎙️🚨 Mike Grecky, a Certified Franchise Consultant with FranServe, Inc. and Owner of Grecky Franchise Consulting, shares his journey from corporate sales to owning his own cleaning business and eventually transitioning into franchise consulting. Takeaways Mike outlines the role of franchise coaches, consultants, and brokers in guiding entrepreneurs through the overwhelming landscape of franchise opportunities. Due diligence and thorough evaluation are important when considering franchise ownership. The characteristics and skills that make a successful franchise candidate, including relationship-building, sales experience, and business ownership background. The advantages of service-based businesses in franchising, including lower investment, less risk, and scalability. The gratification of helping entrepreneurs find the right franchise opportunity and realizing their entrepreneurial dreams. #Franchising #Entrepreneurship #sidehustle #FranchiseOpportunities #franchiseconsultant #franchises #franx #smb #buyabusiness

Are you considering buying a franchise but wondering about the support you'll receive? When researching franchises, one of the key factors to look into is the level of training and ongoing support provided. From leadership management to marketing techniques, make sure the franchise company offers comprehensive training to set you up for success. Need help navigating franchise options? Reach out - we've been helping aspiring entrepreneurs for 28 years! #franchising #entrepreneurship #franchiseinvestment #trainingandsupport

VIABLE FRANCHISE START-UP IN FORT WAYNE, INDIANA - Some things in our current economy have slowed down. Lots of things are shifting, changing...some uncertainty. For certain: The Filta Group, Inc - USA isn't slowing down. In fact, we are actively growing and bringing on new Franchise Owners, and Fort Wayne, Indiana, is a viable location to launch a new Filta franchise. If you're ready for business ownership but don't know where to start, contact us. If you're ready to be your own boss, but you don't want to reinvent the wheel, contact us. If you live in Fort Wayne, reach out. We'll in touch soon! Contact us here - filtafranchise.com #FortWayne #Indiana #AllenCounty #Filta #fryers #kitchensolutions #franchiseownership #franchising #businessownership #beyourownboss #leavingcorporate #buildsomething #growandscale #freedom #innovation

Unlocking Opportunities: A Guide to Exploring Franchise Ownership Join my colleague Sara Waskow, owner of FranNet of Dallas/Fort Worth/Oklahoma and SCORE Mentors Fort Worth on Saturday, January 6th at 9 - 10 am CST. Franchising is more than just fast food and retail stores and many individuals are realizing that franchise ownership could be the path to the American Dream. In this workshop you'll learn about: > What it takes to succeed > Qualities of a good franchise system > Solidifying your financial plan > Questions to ask franchisors and franchisees > How to overcome roadblocks Register today - https://lnkd.in/gCZH5xRw #franchising #entrepreneurship #localbusiness

🚨🎙️Joining us in the Franchise QB huddle today is Zachery Beutler, Founding Partner of HorsePower Brands and iFOAM🎙️🚨 Zach discusses the iFoam concept and its potential in the insulation industry. iFoam is a full-service installation company that offers spray foam insulation as its main product. The industry is large and growing, driven by increasing energy consumption and a focus on energy efficiency. Takeaways Franchise owners of iFoam need a team of technicians and sales managers. HorsePower Brands provides training and support in Omaha, and franchise partners are recommended to have multiple spray foam rigs. The initial investment for a three-territory market is around $400,000. The Item 19 shows an average first-year revenue of over 7 figures. iFoam is an excellent opportunity for empire builders looking to build a big business and create enterprise value. https://lnkd.in/eDGJe379 #Franchising #Entrepreneurship #sidehustle #FranchiseOpportunities #franchiseconsultant #franchises #franx #smb #buyabusiness Josh Skolnick Anthony Spagnola Joshua Hoffmann Jody Lynn Newell Logan West Corey Shanahan Brandon Zurek Luke Schwartz Courtney Carter Reppert Steve Reppert Kenady Te Grootenhuis