DESCRIPTION:

John Hayes, host of the Franchise Hot Seat, engages in a comprehensive discussion

with Schuyler "Rocky" Reidel, founder of the Reidel Law Firm, on various pressing

and contentious topics in the franchising industry. They emphasize the crucial role of

specialized legal advice in franchising, particularly during a government shutdown

that affects SBA loans. Rocky underscores the importance for franchisees to

comprehend their responsibilities and limitations within franchise agreements, and

the significance of thoroughly understanding the Franchise Disclosure Document

(FDD). The conversation also explores the issues arising from private equity

ownership in franchising and its potential effects on franchisees. A significant part of

the discussion is dedicated to Subway's market difficulties and the problems caused

by remodeling requirements. The dialogue concludes with a reflection on the

difficulties faced by McDonald's franchisees, the repercussions of unfavorable

franchising conditions in states like California, and the imperative of due diligence

for potential franchisees. - With Schuyler "Rocky" Reidel.

TIMESTAMPS:

00:00 Intro

00:37 Why is legal guidance crucial in franchising?

01:19 What is a franchise agreement?

02:26 How do SBA loans impact franchising?

06:08 Biggest franchising challenges and misconceptions?

19:23 What is the FDD's role?

28:26 How does FTC regulate franchising?

33:40 How is private equity changing franchising?

44:18 Why is Subway struggling?

52:52 Biggest challenges in food 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

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

DESCRIPTION:

John Hayes, in the Franchise Hot Seat Podcast, underscores the significance of

matching employees with roles that complement their strengths to enhance

productivity and avoid disengagement. He references studies from Gallup and the

Society for Human Resource Management (SHRM) that reveal a large number of

employees feeling underutilized and the substantial economic impact of

disengaged workers. Monica Feid, COO of Thunderly Marketing, is featured in this

episode, where she presents a case study on repositioning a discontented employee

to a role more compatible with her DISC profile, leading to increased performance

and satisfaction. The discussion stresses the use of DISC profiles for recruitment and

employee positioning to avert disengagement and underperformance, especially in

the franchising sector. The dialogue highlights the criticality of correct role

alignment and its advantages for both employees and companies.

- With Monica Feid.

TIMESTAMPS:

00:00 Intro

00:27 Why is employee engagement critical?

01:06 Key employee engagement statistics?

03:39 Best solutions for engagement?

05:28 Monica's employee misalignment story?

10:57 What is the DISC profile?

18:01 How DISC helps franchising?

24:03 Final engagement advice?

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