In this week's show, Nick talks to Lance Graulich, the founder and CEO of ION Franchising, the industry-leading franchise consultancy and development group, about the ways in which you can turn your business into a franchise, and dynamically increase your reach and your wealth as a result, and how running a franchise may suit your business goals.

Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.

https://highvalueexit.scoreapp.com/

KEY TAKEAWAYS

• Franchises are an attractive opportunity for potential business owners, as many of the initial headaches have already been solved, such as branding and marketing.
• Franchising is the legal relationship that allows you to use a brand and name in order to generate wealth. In franchising, there has to be a reasonable level of control in how this relationship works.
• The ways in which we can add our own creativity is in the human side of the business - in improving service and how our staff show up. This can make all the difference, and is also what sets one franchise apart from another.
• A franchise owner is someone who wishes to own and operate a business, but who does not necessarily have the right skill-set or mind-set in order to found a business. In this way, anyone can operate a company.

BEST MOMENTS

'The average person does not have a burning desire to create a business in particular'

'Where you can get creative is in the human resources side of things'

'Entrepreneurship is not just about start-up'

'Find the thing you love doing, and you'll never work a day in your life'

VALUABLE RESOURCES

Scale Up Your Business – scaleup.vip/podcast

Join the free Scale Up Your Business community: scaleup.vip/community

Take the Six Peaks of Value Creation Scorecard, to measure your current business performance and show you where to focus to get to where you want to be: https://scaleup.vip/sixpeaks       

ION Franchising - https://ionfranchising.com

Lance Graulich LinkedIn - https://www.linkedin.com/in/lance-g-68b304118/

Lance Graulich @ Inspired Insider - https://www.inspiredinsider.com/lance-graulich-interview/

ABOUT THE HOST

Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.

His background is growing and scaling Venture Capital and Private Equity backed businesses globally.

Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.

CONTACT METHOD
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