DESCRIPTION:
John Hayes hosts Jack and Jill Johnson from Franchise Insiders on the Franchise Hot
Seat Podcast. The Johnsons' franchising journey began with Jack's father founding
Home Care Assistance after a franchise rejection, which evolved into a successful
family business. As franchise consultants, they guide others through the complex
franchising world. Key topics include the necessity of thoroughly evaluating
franchises, consulting with current franchise owners, and understanding the
commitment needed for franchise success. They highlight home services and
healthcare franchises as solid choices, while food and retail franchises may present
greater risks and expenses. The Johnsons recount their experience owning and
subsequently selling a Pink's franchise, underscoring the importance of an initial exit
strategy. They urge younger individuals to enter franchising early and highlight the
significance of active ownership. The podcast's objective is to offer valuable insights
for potential franchise investors.
- With Jack and Jill Johnson.
TIMESTAMPS:
00:00 Intro
00:31 How did you discover franchising?
01:56 How to evaluate franchise opportunities?
04:21 Why become a FranServe consultant?
08:10 Why are home services franchises valuable?
10:43 Is semi-absentee ownership realistic?
18:18 How to avoid common franchise pitfalls?
26:33 Why is exit planning crucial?
32:00 How to choose the right franchise?
42:46 Are young entrepreneurs good for franchising?
LINKS:
WEBSITE: http://franchisehotseats.com/
LinkedIn: https://www.linkedin.com/in/drjohnhayes/
Twitter: https://twitter.com/drjohnhayes
YouTube: https://www.youtube.com/c/Howtobuyafranchise
Instagram: https://www.instagram.com/hayesjph/
TikTok: https://www.tiktok.com/@johnphayesfranchise
Pinterest: https://www.pinterest.com/DrJohnHayes/
Facebook: https://www.facebook.com/franchisehotseatpodcast
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