Tips and Insights Into Franchising - With Jack and Jill Johnson

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