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Entrepreneurs on Fire
Why Non-Food Franchises are the Perfect Portfolio Building Strategy with Jon Ostenson
Jul 26, 2023
26:14
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Jon Ostenson, top 1% franchise broker and author, talks about the importance of stewardship and family legacy, the key aspects for early-stage entrepreneurs, and the significance of investing in people and surrounding oneself with smart individuals in non-food franchising.
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Quick takeaways
- The importance of mindset, talent, and investment criteria for early-stage entrepreneurs.
- The significance of finding opportunities for talented individuals and coaching them to run business units autonomously in franchising.
Deep dives
Mindset, Talent, and Investment Criteria
One key takeaway from the podcast episode is the importance of mindset, talent, and investment criteria for early-stage entrepreneurs. Nathan emphasizes the need for entrepreneurs to understand their why, beyond just wanting income or flexibility. He encourages entrepreneurs to have a builder's mindset, focusing on improving the top and bottom line, growing people, and expanding into other brands and businesses. Nathan also highlights the significance of finding and nurturing talent within a business, reverse engineering opportunities based on the strengths and passions of individuals, and empowering them to make decisions. Additionally, he emphasizes the importance of having clear investment criteria, including strong management teams, solid track records, and effective marketing strategies when considering franchising opportunities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode