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Demystifying Franchise Ownership

Business & Economics Podcasts

The podcast that brings you expert advice, transparency, and clarity around franchise ownership, whether you're a prospective or existing franchisee or franchisor, or simply curious about the topic.

Location:

United States

Description:

The podcast that brings you expert advice, transparency, and clarity around franchise ownership, whether you're a prospective or existing franchisee or franchisor, or simply curious about the topic.

Language:

English


Episodes
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#41-Leasing Commercial Property: Navigating the Franchise Journey

4/18/2024
Calling all aspiring franchisees and business owners! In my latest podcast episode, I’m exploring the world of leasing brick-and-mortar spaces for your business. In this episode, I'm sharing my firsthand lessons learned, covering essential considerations before you embark on property hunting, key factors to evaluate once you've identified potential properties, and actionable steps to take once you've secured a lease. Although I had prior experience leasing property for my accounting firm, searching for a commercial space with specific criteria such as optimal foot traffic, proximity to the target market, and ease of access presented an entirely new challenge. As a result, I encountered a steep learning curve despite my previous experience in commercial leasing. This episode offers valuable insights that even seasoned commercial property lessees can benefit from. So, whether you're a leasing novice or have some experience under your belt, there's plenty to learn from this episode. Don't miss out—tune in now! Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:14:11

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#40-A Growing Franchise: Unwrapping the Journey with Bennett Maxwell, Chairman of Dirty Dough - Part 2

4/11/2024
Step into the latest episode of "Demystifying Franchise Ownership," where I continue my conversation with Bennett Maxwell, Chairman of Dirty Dough Cookies! In this episode, we talk about the way in which Bennett grew his personal brand on his social media platforms including LinkedIn. Thanks to Bennett's extensive social media presence, he’s attracted franchisees directly through his network rather than relying on franchise brokers and consultants. But that's not all! Discover the social media support that Dirty Dough offers its franchisees, paving the way for success in the digital age. Bennett shares how they guide their franchisees when it comes to marketing. And naturally, I'm delving into the nitty-gritty as well! Bennett reveals the major hurdles encountered by Dirty Dough and their approach to overcoming challenges and obstacles. One thing they do is listen to franchisees. But it doesn't stop there – Dirty Dough genuinely values franchisee feedback, incorporating it into their decision-making processes. They're eager to learn what marketing strategies are yielding success in different regions, with a commitment to sharing these insights across the franchise network. It's all about fostering a culture of collaboration and continuous improvement within Dirty Dough. Tune in to discover how they're navigating challenges and driving growth! Bennett hosts his own podcast, "Deeper than Dough" which is built around the idea that true joy comes from knowing yourself and how you find real fulfillment. You can email Bennett at bennett@dirtydough.com. You'll find him on LinkedIn and Facebook under Bennett Maxwell and BennettMaxwell35 on Instagram. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:19:41

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#39-A Growing Franchise: Unwrapping the Journey with Bennett Maxwell, Chairman of Dirty Dough - Part 1

4/4/2024
This is Part 1 of my interview with Bennett Maxwell, the Chairman of Dirty Dough. Bennett shares Dirty Dough’s story including one of their missions: "finding joy and fulfillment despite life's messiness.” Bennett's perspective on navigating life’s challenges while still embracing joy is truly motivating. Bennett and I also explore how Dirty Dough is reducing the barriers of entry for its franchisees by centralizing operations, creating more simplified business processes. Lowering those barriers opens doors for many individuals who might not otherwise consider franchise ownership. And let's not forget Bennett’s perspective on what millennials are seeking in franchise ownership. Spoiler alert: It's not just about profit; it's about a simplified business model, community, and making a difference! Bennett hosts his own podcast, "Deeper than Dough" which is built around the idea that true joy comes from knowing yourself and how you find real fulfillment. You can email Bennett at bennett@dirtydough.com. You'll find him on LinkedIn and Facebook under Bennett Maxwell and BennettMaxwell35 on Instagram. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:25:15

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#38-Franchise Sectors and Finding Your Fit

3/28/2024
What do you know about franchise sectors and how do you determine which sector is the right fit for you? Tune into this episode where I talk about some of the most common franchise sectors and arm you with knowledge which will help you identify the best sector for you. Choosing the right franchise sector is akin to finding your niche in the vast entrepreneurial landscape. It's not just about the profitability or popularity of a sector but also about aligning with your passions and long-term goals. In this episode, I dig into essential factors such as market trends, financial considerations, and passions. Whether you're a seasoned entrepreneur seeking new ventures or a budding business owner embarking on your first franchise journey, this episode provides you with the foundation to start evaluating which sector aligns with your situation. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:09:18

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#37-GRIT: A Driving Force Behind Franchise Success

3/21/2024
Introducing the latest episode of "Demystifying Franchise Ownership"! Join me as I cover the topic of grit – a trait essential for success in the franchise world. Inspired by insights from previous guests like Kirsten Ramos and Nora Farhat, I explore what grit truly means and how it impacts your journey as a franchisee. So why is grit necessary for franchisees? While franchising offers a proven business model, success isn't guaranteed. In this episode, I outline why grit is crucial for navigating the ups and downs of franchise ownership, and how you can cultivate it within yourself. Don't miss out on actionable tips to fuel your journey to franchise success! Tune in now! Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:09:18

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#36-The Power of Owning Multiple Franchise Brands: Part 2

3/14/2024
Part two of my interview with the amazing Nora Farhat is now live! We dove deeper into why being a franchise owner is a game-changer for women and why Nora advocates for owning multiple franchise brands. Nora shares invaluable insights on being an entrepreneur and franchise owner. Plus, she sprinkles the conversation with gems of wisdom like the importance of engaging with people in a way they truly deserve. Tune in now to catch all the inspiration and knowledge Nora shares in this episode! Her passion is contagious. Nora Farhat and her husband own five franchise brands in the Detroit area. Their brands include: Nora also hosts her own podcast titled "Upside Down Entrepreneurship." Go to https://www.upsidedownentrepreneurship.com to access her podcast. You can also find her on LinkedIn, Instagram and Facebook. Instagram: @Nora.Farhat Facebook: https://www.facebook.com/nora.farhatrassas?mibextid=LQQJ4d Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:26:16

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#35-The Power of Owning Multiple Franchise Brands: Part 1

3/7/2024
I had the most inspiring chat with Nora Farhat, co-owner of not one, not two, but FIVE franchise brands! From climbing the corporate ladder to blazing their own trail in entrepreneurship, Nora and her husband's journey is a testament to the power of grit. In part one of our conversation, Nora shares the inside scoop on how they navigated the path to owning multiple franchise brands and the secret sauce behind their success. Nora also describes how she analyzes each of their businesses, identifying opportunities for automation, determining the necessity for comprehensive training manuals, and implementing streamlined processes and procedures. Her corporate background in the automotive industry helped prepare her for franchise ownership. Stay tuned for the full story on their entrepreneurial adventure and the insights they've gained along the way! Nora Farhat and her husband own five franchise brands in the Detroit area. Their brands include: Nora also hosts her own podcast titled "Upside Down Entrepreneurship." Go to https://www.upsidedownentrepreneurship.com to access her podcast. You can also find her on LinkedIn, Instagram and Facebook. Instagram: @Nora.Farhat Facebook: https://www.facebook.com/nora.farhatrassas?mibextid=LQQJ4d Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:25:38

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#34-Exploring the Semi-Absentee Model: Fact or Fiction?

2/29/2024
In this episode I tackle a common predicament among prospective franchisees: deciphering whether a franchise system truly offers a "semi-absentee" model. Ever found yourself drawn to the idea of semi-absentee ownership, yet unsure if it's truly feasible? I dive into this quandary, sharing insights gleaned from my own journey and conversations with other franchisees and industry experts. Join me as I explore practical strategies for evaluating franchise opportunities, especially when it comes to balancing the desire for semi-absentee ownership with the reality on the ground. Tune in now for tips on navigating this crucial decision and setting yourself up for success in the franchising world! Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:12:44

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#33 - Decoding the Franchise Sales Process

2/15/2024
Is the allure of franchise ownership calling your name? Before you take the plunge, listen to my latest episode where I explore the franchise sales process, and its impact on your initial investment. In this episode, I talk about why the process lacks transparency and can be confusing to prospective franchisees. But fear not! I've got some tips to help you navigate this complex landscape. Remember, you should feel confident and informed before investing your hard-earned money. Tune in to learn more about the sales process and the potential impact on your financial investment. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:09:41

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#32 - Franchise Spotlight: A Recap of 2023 Interviews - Part 2

2/1/2024
Make sure you catch Part 2 of the 2023 interview recap! This episode brings you even more interview snippets and nuggets of wisdom from five more of my 2023 guests. These guests, hailing from diverse backgrounds and experiences, collectively bring an abundance of knowledge about business and specifically the franchise industry to you, the listener. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:18:32

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#31 - Franchise Spotlight: A Recap of 2023 Interviews - Part 1

1/25/2024
Dive into my latest episode! Join me for a recap of my first eight 2023 interviews, featuring exclusive snippets from these insightful conversations. Whether you're a loyal listener of "Demystifying Franchise Ownership" or discovering it for the first time, this episode is the perfect guide to navigate through the 2023 highlights. Identify the must-listen episodes that pique your interest! Make sure to check out next week's episode where I recap the remaining 2023 interviews. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:28:31

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#30 - Franchise Chronicles 2023: A Recap of Insights and Experiences

1/18/2024
Missed some episodes or looking to revisit your favorites? This recap is your go-to guide to the best moments and key takeaways from my 2023 solo podcasts. Tune in for a journey through the highlights and discover the solo episodes that resonate with YOU! Let's make catching up a breeze. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:09:22

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#29 - A Franchise Success Story: Part 2

12/28/2023
Welcome back, listeners, to the second installment of my captivating conversation with Dave Hands, the powerhouse Great Clips franchisee! In part one, we delved into their phenomenal journey, spanning 17 years and an impressive expansion from a humble three-pack to an astounding 37 locations. Now, in this much-anticipated continuation, we talk more about the nitty-gritty of their success story. Get ready to uncover the secrets behind their biggest achievements and challenges over the 17 years. We also explore whether franchise ownership met Dave's initial expectations and how the industry has changed over the years. Expect insights, anecdotes, and invaluable wisdom that shed light on the nuances of successful franchise ownership. So, whether you're an aspiring entrepreneur or a seasoned franchisee, this episode is your treasure trove of insights and advice from an experienced franchisee. Tune in now and join us for another enlightening conversation that's bound to leave you motivated and informed! You can find Dave on LinkedIn at https://www.linkedin.com/in/david-hands-498ab14/. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:21:54

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#28 - A Franchise Success Story: Part 1

12/21/2023
Listen to what a Great Clips franchisee has to say. My listeners adore hearing from franchisees, and this podcast is a gem! I’m thrilled to welcome an experienced Great Clips franchisee as my special guest. With 17 years under their belt, Dave Hands, and his wife, Tanja, grew their business from a three-pack to an astonishing 37 locations across Southern Illinois and Eastern Iowa! In this episode, we cover their biggest achievements and challenges over the 17 years and to what they attribute their longevity and success. Dave also shares whether franchise ownership was what he expected going into it. Tune in now! This episode is packed with inspiration, wisdom, and revelations about the value hair salon industry and franchise ownership in general. You can find Dave on LinkedIn at https://www.linkedin.com/in/david-hands-498ab14/. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:29:19

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#27 - Unveiling the 3-Tier Franchise Model: A CEO's Perspective

12/14/2023
In this week’s episode, I chat with Adam Povlitz, CEO of Anago Cleaning. Adam talks about how the company has transformed over their 34 years of operation, the 3-tier franchise model, what makes them stand-out in the commercial cleaning industry, and much more. In our discussion, Adam's transparency about the franchise industry, and dedication to supporting his franchisees are clear. Tune into this episode for the inside perspective from a CEO. Adam is the CEO & President of Anago Cleaning Systems, an internationally franchised commercial cleaning brand headquartered in South Florida. He joined Anago in September 2009 and served as President since April 2015. He was appointed CEO in May 2018. LinkedIn: https://www.linkedin.com/in/apovlitz/ Website: www.anagocleaning.com Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:35:20

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#26 - When the #@!$ Hits the Fan – An Inside Look with a Former Franchisee

12/7/2023
In this episode, Paula Kircher, a former franchisee in a Tex-Mex concept, spills the beans on the highs and lows of running a restaurant. The first year was so fun, exciting, and a huge success – fantastic food, booked every night, and an incredible vibe! But then, the competition heated up, and things got challenging. The crowded landscape made it tough to stand out, and here's the kicker – the franchise had incredibly high standards when it came to the ingredients in their food - not a bad thing. However, it was difficult, if not impossible, to reduce their cost of ingredients due to required vendors and the franchisor's high standards. Ever wondered what challenges a restaurant franchisee encounters? This interview sheds light on the reality behind the scenes! Stay tuned for the full interview and get ready to peek into the world of franchise ownership - the good, the bad, and the unexpected. Paula is a business consultant in the tech industry, and co-host of The Savvy Session. You can find Paula on LinkedIn at LinkedIn-Paula-Kircher. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:37:18

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#25 -Blueprint for Brands: Inside the Franchise Developer's Strategy for Success

11/30/2023
Just wrapped up a fantastic podcast interview with Turp Ricketts, the VP of Franchise Development for Horsepower Brands! In this must-listen episode, Turp shares his extensive business and franchise knowledge, how he got started in the industry, and why he decided to join Horsepower Brands – their capital, their vision and their ability to execute. Turp also outlines what Horsepower looks for when they’re evaluating brands they want to bring under their umbrella and how they assist their franchisee community with supporting verticals. But it's not all business talk – Turp is not only a wealth of knowledge but also a blast to be around! His energy and enthusiasm are infectious, making this interview full of laughs as well as insights and knowledge. Don't miss out – tune in now and hear what Turp has to say. Turp's email is tricketts@horsepowerbrands.com. You can also find Turp on LinkedIn at https://www.linkedin.com/in/turp-ricketts-060810101/. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:33:31

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#24 - Lean Startup Success: Hypothesize, Iterate and Validate

11/16/2023
Part two of my interview with Rob Miller, a seasoned entrepreneur and educator. In this episode, Rob stresses why it’s critical to fall in love with the problem not the solution. He talks about the importance of identifying the pain point and validating whether an idea is desirable, viable and feasible. Where do you start if you have a business idea, you say? Rob uses a Lean Canvas, an efficient one-page business plan. Rob explains how to use the Lean Canvas, using real-life examples to underscore the various blocks. If you have a business idea, don’t change your life until you’ve gone through the discipline of completing the Lean Canvas. Rob even uses the Lean Canvas when evaluating new product lines in an existing business. It’s such a valuable business tool. This episode is filled with phenomenal content. One key take-away: replace the long and quickly outdated business plan with the Lean Canvas. Save time. Be intentional. Focus on the problem. And validate your solution using the Lean Canvas. Tune in now to learn why the Lean Canvas is a must have if you have a business idea. You can contact Rob on LinkedIn at https://www.linkedin.com/in/rob-miller-mentora/. Link to Lean Canvas Template Link to Business Model Canvas Template Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:36:20

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#23 - Unleashing Potential: Mastering Leadership Development

11/9/2023
In my most recent episode, I had the privilege of hosting Rob Miller, an entrepreneur deeply passionate about leadership development. Beyond his work with startups, Rob currently holds the role of President at Mentora, a global leadership development and organizational transformation group headquartered in New York. During our conversation, Rob describes Mentora's groundbreaking approach to self-discovery, inner growth, and outer impact. Now that’s powerful! My interview with Rob was so rich with insights that I’ve split it into two captivating episodes. In part two, Rob and I explore the fascinating world of the Lean Startup Approach. Don't miss it! Rob outlines how to craft a Lean Canvas, an efficient one-page business plan that's a game-changer if you have a business idea. You must validate before you plow time and money into a business idea. Tune in now to discover Rob’s insights on leadership development and how Mentora is unlocking leadership excellence and making a lasting impact on our leaders and organizations. Rob is a seasoned entrepreneur with four startups and three co-founded ventures under his belt. One of his exits was a “unicorn” valuation. Rob is also an active angel investor helping startups realize their growth potential. You can find Rob on LinkedIn at https://www.linkedin.com/in/rob-miller-mentora/. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:22:34

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#22 - Profit First Mastery: Unlocking Financial Success in Business

11/2/2023
Just had an illuminating conversation with Lori Mercaldi, founder of Tally Financial and a Certified Profit First Professional. Lori opened my eyes to the Profit First Model. What is Profit First, you say? It's an innovative financial management system that helps you prioritize PROFIT from day one! Lori doesn't just talk about the Profit First Model; she LIVES it and implements this method with her clients. But that's not all we talk about in this episode! We explored a wide range of topics, and here are some key takeaways: This interview is a must-listen for anyone looking to take their business to new heights, whether you own a franchise or a stand-alone business. Lori’s insights are a game-changer! Lori Mercaldi is a Profit Strategist & Certified Profit First Professional who helps service-based business owners and entrepreneurs achieve a profitable and financially healthy business that sustains the lifestyle they deserve. As a strategic business partner and expert in Profit First Implementation, Lori is committed to helping her clients manage their cash flow and grow their profit margin. "It's not just about crunching numbers but building a financially strong and prosperous future for yourself and your business". You can find Lori on LinkedIn at https://www.linkedin.com/in/lorimercaldi/. Get in touch with Kristine at: LinkedInhttps://kristinegivens.com

Duration:00:36:36