How to Buy, Grow and Sell a Franchise with Erik VanHorn: An EOFire Classic from 2020
Entrepreneurs on Fire
00:00
How to Build a Franchise - The Hard Way
i learned that the hard way i had someone where i should have given him equity i didn't and it hurt overall he's still a great friend and he's doing some fantastic things but that's where i learned a lesson on giving equity. When you buy a franchise you have an opportunity most of time to buy one or two or three areas where you can grow your brand. I think there's a sweet spot so if it's a retail based concept i think if you can afford it grab three territories or three areas to develop. If you are always micromanaging the business revolves around you you're really not going to be able to scale fire nation hire a plus employee is someone that
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