Internationally recognized speaker, personal business coach and Amazon best-selling franchise author Dr. John Hayes offers an honest look at everything involved in researching, evaluating and purchasing a franchise business.
Why Now May Be A Good Time To Buy A Franchise
If you are among those whose career has been impacted by the economic downturn caused by the COVID-19 crisis and find yourself asking “what do I do next?" or "where do I go from here?” this podcast is for you. In it Dr. Hayes discusses why franchising may be right solution for you, but, just as importantly, why it's not for everyone.
From accountant to soccer mom to franchise owner
In this episode of the How To Buy A Franchise show, I talk with Jackie Pierce, franchise owner of Big Frog Custom T-Shirts. Jackie shares the story of her transition from accountant in corporate America to soccer mom to successful franchisee.
Robin Autopilot: a cutting edge franchise opportunity
Dr. John Hayes talks with Justin Crandall, CEO and co-founder of Robin Autopilot, the world's first robotic lawn service now offering franchise opportunities in the U.S.
TruFusion: 4 fitness franchises in 1
A money guy and a fitness guy met in Las Vegas one day and created a group fitness concept that provides Millennials with four studios under one roof! TruFusion franchises offer 240 classes per week in 65 fitness modalities. Want yoga? There are 16 types offered at TruFusion. More yoga, says Donald Averritt, vice president of development, than what any yoga franchise offers! Franchising for almost two years, TruFusion has sold 65 franchise units at an all in cost of about $1.2 million. Of the units sold, only three were open at the time of this interview because finding a location and building a unit is a nine to 12 month process. By year-end 2017 TruFusion anticipates having a dozen units open around the USA. Averritt says the "secret sauce” for this franchise is its monthly membership fee: $100. Each of the three open units has more than 2,000 members and most are Millennial females. If fitness is your idea of the perfect franchise, TruFusion may be your answer.
Retired Couple Becomes The Exercise Coach in Dallas, TX
Pat Sculley and his wife always wanted to get into business together. Pat worked for EDS in Dallas for 23 years and his wife was working in HR. After Pat retired he spent some time working with non-profits but realized he wasn’t happy. "I had semi-retired, working 30 hours a week,” he explains, “and I didn’t enjoy not being full time and fully engaged. I knew what would make me happy was being back in the game and having fun with it.” So he and his wife got back in the game, but it wasn’t easy. At first they worked with a broker to find an appealing business but came up empty. When their broker recommended looking at franchises, the Sculleys said they didn’t want to be in the food industry! But with a little coaching the Sculleys learned about non-food franchise opportunities. The broker presented three franchises to them and they went about conducting their due diligence. At the end of the process, more than four years ago, they selected The Exercise Coach, a new franchise based in Chicago. The Sculleys decided to bring The Exercise Coach to Dallas, TX where they now operate three units. This is a business that personally appeals to the couple and they knew they could build the brand locally and sell it as an asset in the future. Pat shares his story with Dr. John Hayes on the How To Buy A Franchise Show.
Why Senior Executives Prefer the ERA Franchise
Matt “Red” Boswell, chief growth officer for Expense Reduction Analysts (ERA), tells Dr. John Hayes that senior executives worldwide are joining ERA to become trusted advisors to multi-million dollar companies that hope to extract profit from their current expenses. There are two types of franchisees in ERA: the analyst who has spent a career studying one or more expense categories such as healthcare, telecommunications, printing, banking services, etc., (there are more than 40 expense categories) and knows how to save money in those categories, and the relationship building executive who can gain access to C-suite executives (especially CFOs) through referrals and networking. ERA franchisees collaborate as “trusted advisors” for the clients they serve. The kicker is that they make money only if they succeed at saving money for their clients! ERA is a worldwide consulting firm with more than 700 franchisees. The franchisor’s Item 19 looks extremely attractive. While the average franchisee (including some part-timers) earns $189,000 annually, the top 20% of franchisees earn between $323,000 and $760,000! If you like working with “world-class” caliber executives, ERA may be the franchise for you.
The Only Franchise Advisor I Trust
Now you can have the most world’s foremost authority on franchising, whisper his advise right in your earbuds! Dr. John Hayes has been a franchisee, a franchisor, a franchise consultant, and is regularly the most highly rated speaker at the International Franchise Expo. When I bought my franchise, I bought it from Dr. Hayes. If I were going to buy a franchise today, I wouldn’t do it unless I could get personal coaching from Dr. Hayes. Now you can! In this podcast Dr. Hayes spills all the beans (and there are a lot of beans to spill), but Hayes knows all the secrets and he shares them freely, openly and fully with you. Dr. Hayes has forgotten more about franchising than the other experts will ever know. He’s the ultimate go to guy. You won’t be disappointed if you learn your lessons here first, before you invest in a franchise.
A number of years ago I met John. From that meeting I was able to re-connect with him later when life had me looking into buying a franchise. He, his books, and his show are very helpful tools when it comes to buying a franchise, if this is the direction you are looking to go.
Excited to find Dr. Hayes in iTunes!
I was so excited to find Dr. Hayes in the podcast library! He is a former CEO of HomeVestors, one of the franchise brands I am in. I'm a bit of a franchise junkie and have read all of Dr. Hayes' books. He is definitely a leading authority on franchising. I love that he started this series right out with the entrepreneur vs entrepreneurial concept. He is SO right that franchising isn’t for everyone. It’s perfect for the person who wants to focus on growing the top line and not have to worry about creating the business plan. There are so many great franchise concepts out there that the hardest part is selecting an industry and then a brand. I’m sure Dr. Hayes will eventually cover the importance of creating your specific criteria before starting your franchise search. Take his advice. He is spot on!