Summary

Jonny Francis, a franchising legend, shares his experience and insights on franchising, advisory councils, and advisory boards. He discusses the importance of collaboration and feedback between franchisors and franchisees through advisory councils. He also explains the role of advisory boards in providing guidance and accountability to the owners of franchisor companies. Jonny emphasizes the need for structure, careful selection of members, and meaningful agendas in both advisory councils and boards. He also highlights the value of having a continuity plan and succession plan in place. Jonny concludes by recommending entrepreneurs to seek advice and perspective from trusted individuals to gain valuable insights and avoid founder syndrome.

Chapters

00:00 Introduction and Background

09:27 The Role of Advisory Councils in Franchising

17:32 The Power of Advisory Boards for Franchisor Owners

25:24 Implementing Advisory Councils and Boards

32:53 Zor Forum and Mastermind Groups

35:18 Seeking Advice and Perspective