When I heard this quote – and internalized it – it rocked my world. Every person on this earth starts each day with a level playing field of time. Now, what differs is how we use our time. And, once we use that time, it’s gone – we can’t get
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Here’s one of the secret indicators that an emerging franchise might take off in a big way…
When I hear this one thing, my ears perk up immediately. Now, it has nothing to do with the business model… Don’t care about the growth rate… It’s not about the numbers… Or even the leadership team… It has everything to do with 𝙬𝙝𝙤 is investing in the franchise. The
The single most important thing we talk about in new franchise owner training sessions…
…isn’t how to do the widget. …isn’t about the brand. …isn’t how to find a great location. …isn’t a lot of things… What it is revolves around YOU… It’s about how you lead, empower and get out of the way of your employees. It’s about the people you hire and
“How to Get Rich by Buying a Franchise (Really)”
That’s the title of an article The New York Times recently published. Now, personally, I think the title should read “How to Get Rich by B̵u̵y̵i̵n̵g̵ 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 a 𝐇𝐢𝐠𝐡-𝐐𝐮𝐚𝐥𝐢𝐭𝐲 Franchise” The reason why is pretty simple – if you’re successful investing in and growing the right franchise,
Don’t do this if you’re thinking about buying a franchise
Don’t start with Google. And don’t search something like “most profitable franchises to own.” Up will pop a ton of different results “24 top-ranked, affordable franchises you can own for under $25,000” “The Top 10 Franchises to Open in 2020” Blah, blah, blah Maybe you click on the least obnoxious
How a talented executive safely escaped the corporate world by buying a surprising franchise…
Have you ever had that feeling when you go to work that you should be spending your time building your own dream business versus making money for someone else? Meet, Steve – a successful executive with a well-known company – who was having that feeling more and more. On paper,
I had an interesting experience with a franchise entrepreneur because of this terrible golf shot…
I called a locally owned franchise for an appointment to have the window replaced after a really bad golf shot went through it (and, no, it wasn’t my golf shot). I got to talking to the estimator who showed up. Come to find out he’s a member of the family
The fastest way to build wealth (That your financial advisor might not tell you about)
The fastest way to build wealth (That your financial advisor might not tell you about) …isn’t buying a house …it’s not maxing out your 401(k) plan each year …and it’s not something we’re ever taught about. In my opinion, the fastest way to accelerate your wealth is to build your own
5 things that will make you think twice about buying a Chick-Fil-A franchise
#1 – You don’t actually own it ChicK-Fil-A owns it all. Which limits your opportunity (see #2 and #5 below). #2 – You don’t have any equity Once you’ve built it into a cash cow, you could miss out on one of the biggest financial opportunities of your life…selling the
How to spot a “hot” franchise
“Dru, what are the hottest franchises these days?” This is the first question people ask me when they find out what I do. And my answer typically surprises them. You see, after spending 14 years in franchising, my definition of “hot” is different than most people’s. For example, some of