Ever wondered what you'd do with a billion dollars? The dream's not far-fetched, and Garrett Gunderson is here to explain why. In this riveting conversation, he flips the script on the age-old narrative of working tirelessly and saving every penny to build wealth. Instead, he unveils a paradigm shift centered on expanding wealth and accelerating its growth. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb...
May 07, 2024•1 hr 2 min•Ep. 264
What does semi-absentee ownership actually mean? Is it possible in a franchise setting, or is it a myth? Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr In this episode, Erik talks to his business partners, Luke Jacobson and Terry Rackley from StretchLab, who share their journey as franchisees and business partners. They discuss the importance of finding the right franchise opportunity an...
Apr 30, 2024•41 min•Ep. 263
Is franchising a salon suite a good idea? The beauty industry continues to grow as more people take personal care seriously, driving more interest in health and beauty services than ever before. We're also seeing more health and beauty professionals transition to independent business ownership. Hence, salon suite franchises are a great way to capitalize on this trend. But what does it take to run such a franchise? Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community...
Apr 23, 2024•38 min•Ep. 262
As you start growing your company, you need the right people on your team. Even if you're the CEO, you can’t be the only one leading the company’s direction and strategy. You need a strong team of A-players to challenge your ideas and contribute new ones. Building a strategy should be easy when you have the right people in the right positions. Attracting and retaining top talent is the challenging part. Hiring can be tricky, and sometimes, it can feel like you may never find the right fit. Join ...
Apr 16, 2024•30 min•Ep. 261
Emerging brands often find themselves in a competitive marketplace full of established brands. With only a dream and a tight budget, how can these new brands, which are typically rough around the edges, become successful? Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr Dan Rowe, the founder of Fransmart, shares his insights on franchising and growing emerging brands. He has solid experien...
Apr 09, 2024•53 min•Ep. 260
New beginnings are worth celebrating, so it’s not uncommon for new businesses or franchisees to hold a grand opening event. Whether it’s your first franchise or your 10th, the grand opening is an exciting milestone that must be carefully planned. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr In this conversation, Brooke Budke, a fractional Chief Marketing Officer (CMO) and founder of Mo...
Apr 02, 2024•40 min•Ep. 259
If you’re contemplating investing in a franchise, one thing you should consider is whether you have the skills required to become a business owner. Although you don’t need a lot of business experience because most franchisors will provide thorough training, there are a number of skills that are extremely helpful, especially if you’re investing in a complex business. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchise...
Mar 26, 2024•46 min•Ep. 258
As you begin your journey into franchising, chances are you will travel along the path many franchisors and franchisees have experienced. For some, it can be a fantastic journey. However, others get frustrated and decide that franchising is not for them. Franchisees go through different stages in their relationship with a franchisor. Franchisors should understand and communicate with franchisees at each stage. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HER...
Mar 19, 2024•25 min•Ep. 257
Whether you're new to franchising or running a successful business, you may still need guidance on your next steps. Who do you ask for advice when you're in that situation? Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr For the last few episodes, Erik and his business partner, Jeff Herr from Front Street Equity Partners, have been offering valuable advice on how to succeed in franchising...
Mar 12, 2024•35 min•Ep. 256
Buying a franchise is a complex process, especially for first-time buyers. It's a long-term investment, and it will be one of the most significant investments you will probably make. Hence, the decisions you make during the buying process are crucial. Which franchise concept are you planning to pursue? How do you choose the right brand? What are the first steps to take? Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franc...
Mar 05, 2024•34 min•Ep. 255
Buying a franchise can be an excellent move for an aspiring entrepreneur who doesn’t want to build a new business from scratch. In a perfect world, franchisees acquire a model that works on every level. However, it is not entirely a walk in the park. There are still a bunch of challenges that may come your way. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr Today, Erik and Jeff continue ...
Feb 27, 2024•27 min•Ep. 254
A lot of people agree that franchising is more effective than starting a business from scratch. However, it's not as simple as just buying a franchise and waiting for the money to come. Before investing in a franchise, it is essential to have a thorough understanding of all the costs involved in buying and running it. You must know if the ROI would be worth it. Also, choosing the right franchise founder is a critical component before deciding which brand to invest in. Join Over 5,500 Franchisees...
Feb 20, 2024•29 min•Ep. 253
The demand for baked goods franchises is on the rise, and people like James Maguire are reaping the rewards of being early in the game. He currently operates seven Crumbl Cookies locations in MA, ME, VT, and NH. But even with the success of his cookie franchise, James decided to diversify and invest in another business—pickleball! Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE : https://www.facebook.com/groups/franchisesecretsfb?_rdc=1&_rdr In this ep...
Feb 13, 2024•43 min•Ep. 252
Opening a franchise is an opportunity to start and run your own business without building a brand from scratch. However, it’s essential to understand what’s involved before taking advantage of this rewarding option for starting a business. Franchising is a good way to find business success. But it is not a magic pill. You have to consider a lot of different factors before jumping into a franchise, like how to choose a brand, how to determine enterprise value, what questions you must ask from the...
Feb 06, 2024•1 hr 6 min•Ep. 251
As you start looking at brands to invest in, there's one list that you should definitely check on. The Franchise 500 list is said to be a definitive guide for people who want to buy a franchise. And if you’re a franchisor, this is where your hard work is recognized. But you might be skeptical about the integrity of the list. Some even say those who advertise the most get on top of the list. But what is the truth about the Franchise 500 list? Join Over 5,500 Franchisees and Franchisors in our FRE...
Jan 30, 2024•42 min•Ep. 250
As the new year starts, you get excited about new opportunities and a chance to build a better future. You may want to dive into entrepreneurship or invest in 2024, and perhaps you're wondering if that's a good idea. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE If you plan to venture into franchising, valuable insights await you in this episode. Today, Erik and his business partner, Jeff Herr, co-founder & Managing Director of Front Street Equity Pa...
Jan 23, 2024•42 min•Ep. 249
Many believe buying a franchise is an easy way to make money. Opening a franchise can indeed be a lower-risk way to start a business, and it can be pretty profitable, but it’s not for everyone. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE First, there are several hoops you’ll need to jump through if you decide to invest in a brand. Plus, there's always the question of which brands to choose among the many brands out there. What if you make the wrong cho...
Jan 16, 2024•47 min•Ep. 248
Everyone talks about work-life balance, but is it possible to achieve that? Today, Erik lets us in on how he starts his day on his ranch, living with his family, ducks, chickens, and other farm animals, plus his adorable puppy named River (who was accused of being a chicken killer!). Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE Erik brings his daughter and their pup on the show to show us this side of his life. Let's join them as they investigate who ki...
Jan 09, 2024•38 min•Ep. 247
Late at night, when you can't sleep or are thinking about something, a choco-chip cookie with a warm glass of milk is your best companion. But what makes cookies so lovable? For one, the smell of freshly baked cookies is so heavenly, and they are so yummy! But mostly, a cookie is your best friend when you just want to be with yourself. That's probably why many people want to learn how to bake cookies. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE To get ...
Jan 02, 2024•47 min•Ep. 246
Art can bring a new sense of joy into people’s lives. Having a creative outlet and being part of a community with shared interests can be fulfilling. If you’re an entrepreneur who wants to help people gain a unique and joyful experience through art, this episode will inspire you. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE Maya Ratcliff, founder of Hawaii Fluid Art, began her art career helping people with brain injuries delve into their artistic talen...
Dec 26, 2023•59 min•Ep. 245
As a business owner or investor, it's too easy to become caught up in pursuing the next big thing, But what if someone told you that building wealth can also involve following the most boring options? ⚠️ For a limited time, Justin is offering a Free Strategy Session to our podcast listeners who would like to explore their options to become a Lifestyle Investor. Click Here to book now ⚠️ While everyone is focused on new startups, there is a significant opportunity to invest in underrated business...
Dec 19, 2023•37 min•Ep. 244
So, you want to dip your toes in franchising. Great! But before you look at your financing options for buying into a franchise, you must understand how to determine the market value of the business. When it is time to have that conversation, both buyer and seller must agree on the business valuation and other fees. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE In this episode, Erik and Jeff Herr engage in a fun conversation around franchise fees, why bra...
Dec 05, 2023•53 min•Ep. 242
For as long as anyone can remember, storytelling has been used to share information and make meaningful connections. But how can storytelling showcase your brand story and grow your business? Many people in the franchising world are missing out on a critical aspect of storytelling. Today’s consumers want more than superb products and services that improve their lives. They want to feel personally connected to the brands they buy from, and video storytelling is the key to giving it to them. Join ...
Nov 28, 2023•38 min•Ep. 241
Many say franchising is easier than building a business from scratch, but it's not as simple as you think. While buying a franchise can be advantageous when starting a business, you'll typically need a significant upfront investment. You must pay an initial fee for the right to operate under a franchisor's established brand and business model. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE Before starting, you should think carefully to ensure that buying ...
Nov 21, 2023•54 min•Ep. 240
Have you ever wondered how the biggest and best brands approach their branding strategy, franchise development, employee recruitment, and localized marketing on a daily basis? How do they know what’s working, what’s not, and what else can they do to excel in franchise marketing? Today's guest has some excellent insights for you, whether you're a franchisee or a franchisor. Her advice comes from real-life experiences as a multi-unit, multi-brand franchisee. Join Over 5,500 Franchisees and Franchi...
Nov 14, 2023•48 min•Ep. 239
If you’ve always wanted to run a business but find the startup phase overwhelming, you should consider purchasing a franchise instead. When you buy a franchise, you essentially borrow another company’s proven business model, which is a much safer bet for starting a new business. While this has its advantages, there are also disadvantages to franchising that you may not know about, so before you decide if it's right for you, there are essential factors you should consider. Join Over 5,500 Franchi...
Nov 07, 2023•54 min•Ep. 238
Many people dream of owning a business and being in control of their destiny. However, knowing where to start can be difficult if you've never run a business. Fortunately, working with advisors and being good in sales can be your key to success. Today's guest shares his experience starting and growing his brand. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE Rich Moyer is the Founder and CEO of Hoppin' Brands. He started his career in the golf industry, b...
Oct 31, 2023•46 min•Ep. 237
If there's a way for you to get a competitive edge in franchising, wouldn't you take it? In this episode, we delve into the pivotal role of data-driven research from FRANdata. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE FRANdata works with clients on their most challenging performance issues, investing significant time and effort in developing and renewing a knowledge base that offers unique perspectives and insights and creates long-term strategic dir...
Oct 24, 2023•52 min•Ep. 236
When you’re about to purchase a home, one of your primary considerations is location. The same consideration applies when you’re looking to buy a franchise. Whether opening a physical store or operating the franchise from within your home, your overall location can play a big part in your success. If you're looking for a new site or about to sign a lease, this episode provides valuable information you may not find anywhere else. Join Over 5,500 Franchisees and Franchisors in our FREE Private Fac...
Oct 17, 2023•50 min•Ep. 235
Have you ever walked into a store where the salesperson immediately gave you a pitch for their latest product without asking what you need first? Many salespeople assume they know what the customer needs. But instead of making assumptions, the best way to approach a prospect is to ask better questions and make the conversation count. Join Over 5,500 Franchisees and Franchisors in our FREE Private Facebook Community HERE. A great salesperson asks the right questions, which puts the focus on the c...
Oct 10, 2023•45 min•Ep. 234
