Franchising is often viewed as a straightforward path to business expansion, where a successful model can be replicated across various locations. However, Mike Andes pointed out that the path to profitable franchising is far from straightforward. It demands meticulous planning, a deep understanding of the franchisor-franchisee relationship, and strong support systems to ensure mutual success.

In this episode, Brad and Mike talk about:

• Experiences in franchising, including challenges and strategies for success.
• How Mike implemented a P4P system to incentivize employees and improve efficiency.
• Importance of focusing on the right aspects of business at different growth stages.
• Insights into why many home service businesses struggle to reach $1 million in revenue.

Mentioned:

Website: https://www.mikeandes.com/

Youtube Channel: http://www.youtube.com/@MikeAndes/videosername

Facebook: http://www.facebook.com/themikeandes/ame

Instagram: http://www.instagram.com/themikeandes/name

TikTok: https://www.tiktok.com/@mikeandes?lang=enUsername

Links to Resources:

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https://thecontractorprofitblueprint.com

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