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If you want to diversify your revenue streams and get into business ownership without starting a new company from scratch, investing in a franchise might be a good option for you. But how do you find the right franchise opportunities? In today’s episode, Jon Ostenson and A.J. explore franchise opportunities to help you grow your entrepreneurial journey. They also dive into the smartest tactics for matching your long-term goals to your franchise investment, how to prepare to break into franchising, and why investing in a franchise is a wise choice.
About Jon Ostenson:
Jon Ostenson is a Certified Franchise Consultant and a top 1% consultant/broker nationally specializing in non-food franchising. As the Founder and CEO of FranBridge Consulting, he has helped thousands of entrepreneurs and investors understand all aspects of non-food franchising and explore different business ownership opportunities. You’ll find his insightful contributions in well-known publications like Forbes, Inc., The Franchise Journal, and Franchise Connect, where he writes about franchising and franchise investments.
Drawing on his experience as a multi-brand franchisee and his background as an Inc. 500 franchisor, Jon authored the book called “Non-Food Franchising: The Better Path to Business Ownership.” Addressing key topics such as strategic opportunity selection, semi-passive business models, and financial potential, this book is an essential resource for aspiring entrepreneurs, underscoring why non-food franchising is the optimal route to successful business ownership.
For a comprehensive book review, check out this page.
Episode highlights:
Jon’s best advice for entrepreneurs:
“Where we see most of the attention being given today, again, it's these what I would call boring businesses, things like gutters and insulation and floor coatings and dumpsters. We have clients killing it with dumpsters. It's things that, like I mentioned, the senior care, we're still doing a lot of oil changes in most states, but it's pets, it's kids, it's businesses like that, that you don't think of oftentimes until they're in front of me and say, wow, there really is a market need.” (22:54)
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Affiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey.
Entrepreneurs often sacrifice their sleep time to grow their businesses and chase their dreams. However, sleep is vital for your mental and physical health. That’s why it’s important to learn to optimize sleep to set yourself up for success and improve your well-being. In this episode, Mollie Eastman (McGlocklin) sheds light on the forgotten skill set of sleep and how we can optimize sleep through technology and behavioral change.
About Mollie Eastman (McGlocklin):
Mollie Eastman (McGlocklin) is the creator of Sleep Is A Skill, a groundbreaking company that helps people sleep better through a unique blend of technology, accountability, and behavioral change. After struggling with insomnia herself for years, she decided to take matters into her own hands and create a place for learning the skill set of sleep.
With a background in behavioral change from The Nonverbal Group and personal experience with overcoming sleep deprivation, Mollie is now on a mission to spread the skill set of Sleep through Circadian Biology. She also hosts her own podcast called The Sleep is a Skill, writes an educational sleep newsletter, Sleep Obsessions, and has a sleep course, Optimize Your Sleep.
Episode highlights:
Mollie’s best advice for entrepreneurs:
“[...] what we like to have people do is the bare minimum, create an anchoring system for the start of their day. [...] that allows your body over time, this will feel very uncomfy for the beginning, but over time you're in training your hormones to have proper cortisol pulse on the front half of the day.” (24:40)
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Affiliate Disclaimer: Please note that this episode contains affiliate links, and if you make a purchase through those links, we may earn a small commission at no additional cost to you.
Running a business is not just about making money; it’s also about creating long-term value for your customers. That’s why it’s critical to focus on your business purpose and be deliberate about your growth. In today’s episode, Chris Younger explains why it’s never too early to start planning for exit, how to use your WHY to build a scalable company and the importance of finding the right talent.
About Chris Younger:
Chris is the CEO and Co-Founder of Class VI Partners, a company that provides investment banking and financial advisory services to middle-market businesses and entrepreneurs. He founded the company with a grounding mission to empower and celebrate entrepreneurs he believes are essential to our communities. With over 25 years of growing, acquiring, and selling businesses, Chris brings a wealth of expertise and understands the rocky entrepreneur’s journey well. He is passionate about helping business owners match their personal goals to their business planning and build a business that serves them.
He also co-authored "Harvest: The Definitive Guide to Selling Your Company", a step-by-step resource he crafted with David C. Tolson. This book offers crucial insights for business owners to achieve maximum value and create effective exit strategies, highlighting the immense rewards of thoughtful business planning.
For a comprehensive book review, check out this page.
Episode highlights:
Chris’ best advice for entrepreneurs:
“I think most entrepreneurs will recognize and appreciate that if you're just doing it for the money, that makes it really difficult to get through some of the really stressful periods that every business owner goes through. Every business has a near-death experience. And if you don't have something deeper that's driving you, it's really difficult to get through those times.” (10:32)
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Affiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey.
As a business owner, you’re the heart and soul of your organization. That’s why your professional growth and development are critical to its success. In today’s episode, Samantha Kempe gives her unique insights into the importance of self-reflection, continuous learning, and leadership skills development for business owners and executive leaders.
About Samantha Kempe:
Samantha is the Co-Founder and Chief Investment Officer of IMMO Capital. This real estate fintech is disrupting the real estate sector and the residential investment market through groundbreaking technology solutions.
With over a decade of industry experience, Samantha specializes in identifying promising investment opportunities and managing risk in a constantly evolving market. In 2017, she co-founded IMMO to unlock the SFR market for institutional investors. Since then, Samantha has been continuously committed to growing the company through her professional development and growth.
Episode highlights:
Samantha’s best advice for entrepreneurs:
“I think this is pretty common across most entrepreneurs. You're never sitting still. You're never truly satisfied with what you've built, and you're always hungry and eager to keep improving. And whether it's improving the business or improving yourself personally trying to be that better leader for the business, it never really stops.” (02:04)Connect with Samantha:
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Building an online marketplace platform is easy, but building a successful marketplace business that stands the test of time is another story. In today’s episode, we get to hear from Juho Makkonen as he dives deep into the ins and outs of marketplace business models, from developing your idea into a fully functional marketplace platform to achieving balanced and sustainable business growth.
About Juho Makkonen:
Juho Makkonen is the CEO and Co-Founder of Sharetribe, an innovative software company. This company aims to help aspiring entrepreneurs get their marketplace businesses off the ground in the spirit of sharing economy platforms such as Airbnb, Etsy, and Fiverr.
Moreover, as a co-author of "The Lean Marketplace," Juho equips aspiring entrepreneurs and business owners with indispensable insights to build successful online marketplaces, whether they are startups, cooperatives, non-profits, or established brands, offering a practical roadmap for creating sustainable and thriving businesses in the sharing economy.
For a comprehensive book review, check out this page.
Episode highlights:
Juho’s best advice for entrepreneurs:
“I also always want to remind that it's so much more than just tech. I think that, actually, tech is probably not the most difficult part of this type of business. The most difficult part is kind of like solving the so-called chicken and egg problem, like the supply-demand conundrum, and we have lots of educational resources on that.” (34”01)Connect with Juho:
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Affiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey.
Building wealth through acquisition entrepreneurship is becoming more and more predominant among business owners and those yet to leap into entrepreneurship. Instead of starting a business from zero, acquisition entrepreneurs start by buying an existing operation and then using their knowledge to create a greater impact. In today’s episode, our guest Ben Kelly shares his unconventional journey of entrepreneurship through business acquisitions. He talks about the many benefits of buying a business, why it’s such an incredible business opportunity, and what it takes to become a successful acquisition entrepreneur.
About Ben Kelly:
Ben Kelly is an inspiring acquisition entrepreneur who acquired and scaled five businesses with little to no cash upfront. Ben went from being a former Army Intelligence Officer to serving JPMorgan Bank’s largest clients as a Private Banking Associate. He then took more control of his career by founding a fitness SaaS startup with a fellow army veteran and jumping into entrepreneurship. Currently serving as the head of Acquisition Ace, Ben is committed to building a portfolio of healthy businesses and helping others do the same - all through the increasingly popular acquisition entrepreneurship model.
Episode highlights
Ben’s best advice for entrepreneurs:
“It just hit me like a ton of bricks. The clients I'm serving have a hundred times more wealth than I do. And all of them are business owners. I'm serving them because they're the ones who have the wealth. [...] So it just kind of hit me that real wealth was created through assets and having an asset that produced a tangible product that helped people and through that building wealth.” (02:47)Connect with Ben:
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As businesses grow, they become more complex and overwhelming (especially for you as the owner), so sometimes, you need to simplify your business to achieve long-haul success and sustainable growth. In today’s episode, our guest Margo Crawford shares her entrepreneurship journey to building effective business processes, developing leadership succession, and reconnecting to her company’s purpose - all by keeping things smart and simple.
About Margo Crawford:
Margo is the Founder & Chair of the Business Sherpa Group, a management consulting firm helping SMEs thrive and succeed. With over 20 years of experience in the field, she is the go-to expert for small and mid-sized businesses looking to build the right foundations and pave their way to the top.
Episode highlights:
Margo’s best advice for entrepreneurs:
“It's so important to have that purpose [...] and reconnecting with it and saying, ‘Am I achieving that purpose? Am I doing what I set out to do?’ I wasn't setting out to make a 10 million business. I was setting out to create these outcomes, and if I can reflect on those things, that's where I anchor, and that's where I'm authentic too.” (31:19)Connect with Margo:
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To scale up your business, consider finding a coach who resonates with you! As Jess Stewart (serial entrepreneur and coach) explains in this episode, there are many different types of coaches out there, and to really get the most out of a coaching experience, it’s important that the person you choose is on board with your mission, understands your business and is willing to meet you where you are at. It is equally important that you truly understand yourself and your goals and you are willing to put in the work!
About Jess Stewart
After moving to a small town with her husband, Murt, a lack of available jobs led Jess to start a medical billing software company from her kitchen table with two young children under her feet. Though she knew nothing about medical billing when she started, those tough times taught her how to assemble a company and leadership team that operated on world-class systems. Fifteen years, two national locations, and one international division later, Jess sold that company at an exceptional price point. Today, Jess is devoted to sharing what she’s learned through her coaching company, Jess Stewart LLC. She brings world-class, proven tools and long-term resources to help leadership teams scale up, run better businesses and live better lives.
Episode highlights:
Jess’s best advice for entrepreneurs:
Special Offer:
Get 25% OFF Jess Stewart’s mastermind class! Use the code SUCCESS and email her at [email protected].
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In this episode, Curro Romero opens up about the humbling experience of transitioning from the world of snowboarding to the world of business, drawing parallels between the two. We explore the importance of continuous growth, both personally and professionally, and the excitement that comes with innovative thinking and doing things differently.
About Curro Romero
Curro Romero is the CEO and founder of Vimbu, an innovative mobile and web app connecting skiers and snowboarders directly with instructors. Considered the "Airbnb of ski lessons", the Vimbu app connects learners with highly qualified instructors in a range of sports, including skiing, snowboarding, and also various summer sports. Vimbu focuses on delivering a personalized and convenient experience for users of all skills. The company raised a VC funding round recently and entered into partnership with Decathlon, the world's largest sporting goods retailer in a bid for global expansion.
Episode highlights:
Curro’s best advice for entrepreneurs:
“You have to constantly adapt yourself to where the company is, and not just adapt but also understand the next five steps of where to take it to so that progression keeps happening.” (13:50)Connect with Curro:
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If you want to learn how to franchise a business, Ray Titus is the person you want to learn from! In this episode, the CEO of United Franchise Group™ (UFG) talks about the benefits of becoming a franchisee. Ray also shared how he has embraced a practice of lifelong learning to thrive in the franchise space, the value of always maintaining a positive attitude, and why you should build your career around what you are good at, not what you love!
About Ray Titus:
Ray Titus, CEO of United Franchise Group™ (UFG), founded Signarama®, growing it into the leading sign franchise in the world and laying the foundation for what has become United Franchise Group, the global leader for entrepreneurs. Today, UFG-affiliated brands are among the most recognized within multiple industries, from business services to charcuterie boards. Ray’s commitment to franchising helped establish the Titus Center for Franchising, the first university center of its kind. His philosophies on growth, positive attitude, and family influence the core values that have driven success within the award-winning brands he has developed from conception to international expansion.
Aside from leading UFG, Ray has also authored a collection of books that provide immense value to entrepreneurs. These books, including “YOU’RE NOT LISTENING TO ME,” “The Challenge,” “Selling Today,” “Round the Clock,” “Laws of Inevitability,” and “Put a Little JJ In Your Life,” cover various topics such as marketing, selling, communication, and life, offering a comprehensive resource for personal and professional growth.
Visit our curated collection of Business Books for more enriching reads.
Episode Highlights:
Ray’s best advice for entrepreneurs:
“Always look for the lemonade out of the lemon. Always look for the silver lining, the opportunity that others aren’t looking at.” (51:20)
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Affiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey.
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