In this episode of "All Things Considered Franchising," host Scotty Milas interviews Parker Smith,
the Managing Director of Franchising at Grand Welcome. Grand Welcome is a short-term vacation
rental property management company. Parker comes from a family of entrepreneurs and has a
background in contracting, construction, real estate, and property management. Parker decided
to venture into business ownership after his family sold their previous business to private
equity.
Parker shares with Scotty his journey from working in his family's business to becoming an
independent business owner through franchising. He discusses the importance of finding a
franchise that aligns with your personal and professional values and the benefits of
having a coach and being part of a franchise system. Parker also emphasizes the value of making
mistakes and learning from them as a business owner. He encourages young entrepreneurs not to be afraid to innovate within the parameters of their franchise. Parker tells Scotty, “Don't be
afraid to be creative. That's the most amazing thing about being an entrepreneur: you get to be
creative and run your business the way you want to."
Key Takeaways:
-Finding a franchise that aligns with your personal and professional values is crucial for long-term
success.
-Having a coach or mentor experienced in franchising can provide valuable guidance and
support.
-Franchise systems provide a framework for success, but entrepreneurs should feel
empowered to be creative and innovate within the system.
-Young entrepreneurs have the advantage of different working methods and can bring fresh
perspectives to their businesses.
Scotty Milas can be reached at scott@scottmilasfranchisecoach.com and by phone (860) 751-9126.
Parker Smith can be reached at www.linkedin.com/in/parker-smith-3028b6113
#allthingsconsideredfranchising #scottmilas #businessownership #franchiseopportunities
#parkersmith #grandwelcome #rentalpropertymanagement #youngentrepreneurs
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