Franchise Euphoria

Following up on the heels of last week’s tip, this week I focus on “Are You Ready To Franchise?”.  Are you ready to take the next step and turn your business into a franchise? There are many things to consider before making the huge decision to franchise. I’ve boiled it down to 4 questions you should ask yourself to see if franchising is something you should even be considering. Feedback Have any suggestions for future shows? Have questions or topic you would like us to do an episode on? If so, please leave a comment at Franchise Euphoria.     If you enjoyed the podcast would you please take a moment to leave a review and rating on iTunes or Stitcher. Every review means we can reach out to more people.  iTunes:  Franchise Euphoria Podcast   Tune in on Stitcher!

John Lee Dumas brings his enthusiasm and fire to the show this week.  John is the host of the wildly popular podcast Entrepreneur on Fire. He discusses his life before Entrepreneur on Fire, his ah-ha moment, and his meteoric rise. Listen in as he gives some inside tips to his success, explains the importance of identifying a clear avatar for your business, and gives some great resources for all of you entrepreneurs to dive into and read. About John Lee Dumas John graduated from college and was commissioned as an officer in the army and served 13 months in Iraq. He continued to serve in the army for seven more years. After the army he tried law school for one semester. That was all it took to realize that law was not his calling. He worked in finance and real estate for several years but never really finding his passion. He began listening to podcasts on his drive to work.  Then he had an ah-ha moment.  There were so many great podcasts out there, but none that offer daily content. He was zipping through months of content in a single week, and knew that if he was experiencing this problem, chances are others were, too, and Entrepreneur on Fire was born. Show Highlights Find out what F.O.C.U.S. stands for Learn how to overcome imposter syndrome What masterminds and mentors can do for you The importance of having and knowing your business avatar Learn John Lee Dumas’ most important tip Episode Resources Parkinson’s Law Jaime Tardy Seth Godin The Compound Effect by Darren Hardy The Slight Edge by Jeff Olsen Want to know more about Entrepreneur on Fire? Entrepreneur On Fire Podcasters Paradise Webinar on Fire Want to help us out? If you enjoyed the show please share the podcast. Click here for a prepopulated tweet. Feedback Have any suggestions for future shows? Have questions or topic you would like us to do an episode on? If so, please leave a comment. If you enjoyed the podcast would you please take a moment to leave a review and rating on iTunes or Stitcher. Every review means we can reach out to more people. iTunes:  Franchise Euphoria Podcast Tune in on Stitcher!

This week on the Franchise Euphoria Tip of the Day I talk about why you should consider franchising for your business. Listen in as I talk about 4 main reasons you should consider franchising. Want to help us out? If you enjoyed the show please share the podcast.To subscribe to the podcast, please use the links below.iTunes: Franchise Euphoria PodcastTune in on Stitcher!    

  Buying a franchise is a BIG decision. There are many options.  But most people go about the process in the wrong way.   Today, FranchiseGrade.com owner/founder,  Jeff Lefler, is on the show to help you make a better decision on which franchise to buy. About Jeff Lefler Jeff leads the Management Team of Franchise Grade as their Chief Executive Officer with fifteen years of small business experience, ten of those in franchising. Jeff has operated a successful franchise with Canada Bread since 2006. In 2008 Jeff created the National Bread Network, an Independent Franchisee Association representing Canada Bread Franchisees and was also a Member of the Strategic Committee of the International Association of Franchisees and Dealers. Show Highlights Learn the importance of due diligence What a franchisee association can do for you What information you need to gather Where you can find that information The importance of comparing the information you gather to your franchise documents Jeff’s number one tip for you before you buy a franchise Want to Reach out to Jeff: Email: jeff.lefler@franchisegrade.com Cell phone: 519.859.0228 Want to know more about Jeff: Franchise Grade Episode Resources Franchisegrade.com National Bread Network American Association of Franchisees and Dealers  Want to help us out? If you enjoyed the show please share the podcast. Click here for a prepopulated tweet. Feedback Have any suggestions for future shows? Have questions or a topic you would like us to do an episode on? If so, please leave a comment. If you enjoyed the podcast would you please take a moment to leave a review and rating on iTunes or Stitcher. Every review means we reach out to more people. iTunes:  Franchise Euphoria Podcast Tune in on Stitcher!

Franchises are complicated. They are fraught with risk, uncertainty and require a lot of capital. But most, if not all, of these things can be overcome if you create raving fans for your business. Plain and simply, raving customers drive the bottom line!  This is the #1 way to succeed with your franchise! Below are 4 simple & immediate ways you can do this for your business. 1. Know your target market – This is the baseline. The foundation that must be set for you to understand your customers. Without this, you won’t understand your customers desires, needs, wants, & fears. Understanding these things, is key to discovering your secret sauce as a business. 2. Be extraordinary – Average is for losers, at least in the business world. Most businesses are average. Most businesses struggle to maintain profitability. Think in extraordinary ways and extraordinary things will happen with your business. For starters, think of one thing that you can do this week to go above and beyond for a customer. If you know your customers, it should be easy for you to do this. If it isn’t, then try to better understand the needs of your customers and then revisit this at a later date. 3. Pay attention to details – We have all seen businesses that just “get it.” You know, the ones where every detail is accounted for and nothing is overlooked. These are the businesses that are one step ahead of their customers. It’s as if they are inside your head with a full understanding of what you are thinking and when you are thinking it. These things matter. In an overly crowded marketplace, paying attention to details makes you memorable, makes you different, makes you special. And in turn, makes people talk about you and their experiences with your business. 4. Ask for feedback & Act on feedback – For many, asking for feedback is scary because it can expose you. It is scary to really know what others think of you; but it is vital to plugging holes in your business & in creating raving fans. But equally as important, is acting on the feedback. Acting on feedback shows that you really care. That you are listening. That you value customer input. Not only is this smart business, but it makes you memorable and gives you more opportunities to engage with your customers. Want to help us out? If you enjoyed the show please share the podcast. Click here for a prepopulated tweet. To subscribe to the podcast, please use the links below: iTunes: Franchise Euphoria Podcast Tune in on Stitcher!

Michael O’Neal – How You Can Become a Solopreneur Are you a solopreneur? A solopreneur is someone who is proudly unemployable, someone who cannot imagine punching a clock every day and working for someone else. Is the stress of going to work every day becoming greater than the stress of going out on your own? Michael o'Neal discovered he is a solopreneur and now hosts his own podcast helping other solopreneurs find their path. He joins me today to talk about his journey and how he helps people  live the life they desire. About Michael O’Neal In August 2013, Michael started his podcast called The Solopreneur Hour – Job Security for the Unemployable. His aim is to show the unemployable people of the world the correct path to business success on their own terms. Show Highlights Learn what six books you need to start reading today Find out if you are an entrepreneur or a solopreneur Learn some crucial keys to efficiency you can start using today Start viewing yourself as a business What role your passions plays in finding the right business for you Find out what a mastermind group can do for you Want to know more about Michael? Solopreneur Hour Podcast SoloLab Episode Resources Rich Dad, Poor Dad by Robert Kiyosaki Cash Flow Quadrant by Robert Kiyosaki Four Hour Work Week by Tim Ferriss Emyth Revisted by Michael Gerber Strengths Finder 2.0 by Tom Rath Crush It Gary Vaynerchuk Want to help us out?  If you enjoyed the show please share the podcast. Click here for a prepopulated tweet. Feedback Have any suggestions for future shows? Have questions or topic you would like us to do an episode on? If so, please leave a comment. If you enjoyed the podcast would you please take a moment to leave a review and rating on iTunes or Stitcher. Every review means we can reach out to more people. iTunes:  Franchise Euphoria Podcast Tune in on Stitcher!

The restaurant world is highly competitive. To be truly successful you need to differentiate yourself from your competitors. Customer service is the key to being successful. So, how do you take customer service to another level? Listen in as I explain 4 ways you can create raving customers for your business. Want to help us out? If you enjoyed the show please share the podcast. Click here for a prepopulated tweet. To subscribe to the podcast, please use the links below: iTunes:  Franchise Euphoria Podcast Tune in on Stitcher!

Brenton Hayden – How to Build Your Business and Franchise It Successfully I am thrilled to have Brenton Hayden on the show this week.  Listen in as he describes how he went from first starting his business with practically no money to becoming a multi-million dollar business.  Brenton talks about waking up early, staying late and going the extra mile.  He saw a need in the market and went after it. He goes in depth about the struggles he faced and how he convinced people to believe in his vision. He went from cold calling and getting his first six properties to rent to retiring from his CEO position in just 6 ½ years. About Brenton Hayden Brenton Hayden is the Chief Executive Officer and Founder of Renters Warehouse  USA, a four time honoree of the Inc. 500|5000 list. At 29, Brenton leads his dedicated team of over 100 employees and franchisees in seven states to see gross revenues of $12.5 million. With a portfolio of managed properties valued around $750 million and $2 billion in residential leasing transactions, it’s no surprise that this Harvard Business School and Massachusetts Institute of Technology - Sloan School of Management graduate was named the youngest franchisor in America by INC. Magazine in 2011 at the age of 25. Brenton’s expert marketing skills and entrepreneurial spirit have largely contributed to the success of his company, earning Renters Warehouse numerous awards in real estate and business. Show Highlights Why you must know your business top to bottom The importance and value of recruiting staff that believe in your vision How to Build your business the right way What being a franchisor really means The importance of carefully selecting your franchisees The critical nature of supportive Training Brenton discusses knowing his business from top to bottom and how he got people to believe in his vision and really work to grow the company. He also discusses the extremely careful process he goes through when choosing a franchisee from interviews to his People Analyzer Tool. Brenton also focuses on supportive training for his franchisees keeping them up to date and business savvy. Episode Resources Seth Godin Rework Michael Gerber Want to know more about Brenton and his businesses? Twitter @BrentonHayden LinkedIn Professionallandlords.com Twincitiesrenterswarehouse.com Want to  help us out?  If you enjoyed the show please share the podcast. Click here for a prepopulated tweet.  Feedback Have any suggestions for future shows? Have questions or topic you would like us to do an episode on? If so, please leave a comment. If you enjoyed the podcast, please take a moment to leave a review and rating on iTunes or Stitcher. Every review means we can reach out to more people. iTunes:  Franchise Euphoria Podcast Tune in on Stitcher!

The largest sector of franchising is restaurants. Restaurants are notorious for having difficulties retaining staff. This is partly due to the nature of the business. Staff are typically younger people that often move on to other things. Listen in as I give you 5 ways to keep your staff happy which will lead to them staying on longer. This is not only beneficial to the moral of your business but also to your bottom line.

Welcome to Franchise Euphoria Podcast To subscribe to the podcast, please use the links below: iTunes:  Franchise Euphoria Podcast Tune in on Stitcher! Emily Chase Smith – How to Take Control of Your Finances so You & Your Business Prosper This week we discuss one of the things we all HATE to discuss. Money. Finances are the backbone of business but money is an issue that many avoid facing, especially if on shaky financial ground. Emily Chase Smith describes this as a fingers-crossed mentality. We cross our fingers and hope all will be well. Looking from the outside it is easy to see this is the worst thing you could do. Listen in to hear about the process she goes through when she works with her clients to get them on better financial footing. About Emily Chase Smith Emily graduated law school at 21.  Her family lived overseas for 5 years and when she came home she decided to focus her law practice on bankruptcy. She liked bankruptcy because you’re taking someone in a tough position and improving it dramatically – unlike most other areas of the law. She started seeing patterns that her clients were going through. She realized that if she had just seen them a year before they may have been able to avoid the situation that they were in now. She wanted to help them before the real problems began – to be a lighthouse. Now she works with businesses that may be on shaky ground but with a little guidance can come out stronger and more financially stable. Join us as Emily shares her tips on becoming a financially savvy entrepreneur. Show highlights Identifying long term goals Assessing/understanding your financial standing Money Personality Exit Plans Emily discusses the importance of identifying your long term goals so that you can identify the correct path to take and take it. The next step she takes with her clients is to go over all the financial records for the business with the owner, helping them understand where they are and how they might move forward.  She also discusses the need for an exit plan. Another key aspect she discusses is knowing your money personality. Not sure what that means? Listen in as she explains. Episode Resources Emilychasesmith.com Untangling Your Money Spaghetti Course The Entrepreneur’s Money Podcast on iTunes Want to help us out? If you enjoyed the show please share the podcast. Click here for a prepopulated tweet. Feedback Have any suggestions for future shows? Have questions or topic you would like us to do an episode on? If so, please leave a comment. If you enjoyed the podcast would you please take a moment to leave a review and rating on iTunes or Stitcher. Every review means we can reach out to more people. iTunes:  Franchise Euphoria Podcast Tune in on Stitcher!