Buy a Business, Not a Job – The Franchisee Wake-Up Call

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Are you buying a franchise to own a business, or are you just getting another job?

In this episode, Erik Van Horn and Jeff Herr challenge potential franchisees to think beyond just becoming employees in their own business. He explores the key difference between buying a business and merely buying a job and why it’s crucial to understand this distinction. Erik shares practical advice for future franchise owners, emphasizing the importance of building effective systems, understanding territory management, and having the right leadership in place.

If you’re planning to buy a franchise, you must learn how to scale smartly, leverage profit-sharing models, and avoid common mistakes that can trap you into working in your business rather than on it. Discover how to turn your franchise into a true business venture!!
“Anything can be semi-absentee if you hire the right people to do the work that you're not doing." ~ Erik Van Horn
In This Episode:
00:00 - Introduction
02:50 - Jeff's background as a franchisee
04:59 - Building franchise equity with the right mindset
11:01 - Success strategy: focus on strengths, hire for weaknesses
14:26 - Tracking KPIs for franchise success
21:56 - Are you attracting the right customers?
24:42 - Networking with local businesses for growth
29:16 - Collaboration with complementary businesses
34:57 - The impact of hiring the right manager for your business
40:24 - How hard are you working on your business?
43:05 - Final thoughts from Erik and Jeff

Resources:
🌐 Consult with Erik - https://form.jotform.com/222685728939070
🌐 Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Franchisees and franchisors find proven tactics and strategies to scale YOUR businesses - https://scalablefranchise.com/
🌐 Franchise Springboard - https://franchisespringboard.com/

Connect with Jeff Herr:
🌐 Website - https://www.frontstreetep.com/
💼 LinkedIn - https://www.linkedin.com/in/jeff-herr-016703214/

Connect with Erik Van Horn:
🌐 Website - https://franchisesecrets.com/
📷 Instagram - https://www.instagram.com/erikvanhorn/
👍 Facebook - https://www.facebook.com/erik.v.horn/
💼 LinkedIn - https://www.linkedin.com/in/evanhorn/

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Видео Buy a Business, Not a Job – The Franchisee Wake-Up Call канала Franchise Secrets