What Makes for a Great Franchise?

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

What makes for a great franchisor? I mean, the person that is really excited and passioned about their business. What's going to make them a great franchise or what’s going to make their franchises successful? Like you, again, spend a lot of time every day, week and month, going over wether businesses and people make sense to become franch sors. Tell us everything that you've learned. And actually i'll throw in here, give us one example after you hit my first part of the question, of somebody whom you've mentord or coached or talked to that has made a great franchise...

Robert Huntington is CEO of Metric Collective, a vertically integrated franchise and technology company. Before Metric he was a BCG consultant, teacher, $50M P&L manager and franchise executive.

Top 3 Value Bombs:

1. Once you already proved that you can execute the model, that’s when you can start innovating the model.

2. If you have good union economics, if you have something that customers need, and the market is growing, then franchising can be a really attractive route.

3. Franchising, you’re in business for yourself not by yourself.

Metric Collective – Fill out the lead form and let’s chat about franchising.

Sponsors:

HubSpot: Learn how to grow better by connecting your people, your customers, and your business at HubSpot.com!

Thinkific: Ever feel like a record on repeat with 1-on-1 coaching? That’s what’s great about online courses – take your knowledge and turn it into an online program! Get started with Thinkific for free at Thinkific.com/eof!