How to Build a Franchise - The Hard Way

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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

From the archive: This episode was originally recorded and published in 2020. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Erik VanHorn is an entrepreneur who uses franchising as a vehicle to success. He has been involved in many aspects of franchising from building franchise sales systems & multi-brand ownership, to helping others find great franchises to buy.

Top 3 Value Bombs:

1. Franchising can be good for anybody, but you need to know what you want for the business.

2. You need to hire the best-of-the-best employees: people who think, act and behave like owners.

3. Relationships can help excel you and your business much faster than just you grinding it out yourself

Helping People Buy, Grow and Sell Franchises - Erik's Website

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