1:00 Mike introduces Adam Bumpus, Franchise Owner with That1Painter

2:04 Adam discusses his background before investing in T1P

3:47 Adam discusses why he went back to school to earn his MBA and how it helps with his new business

5:55 Adam explains his path to entrepreneurship

7:39 Adam talks about why he selected That1Painter

9:40 Adam discusses the thought process behind securing 6 territories in 3 cities with 2 partners

13:48 Adam talks about launching his first T1P territory

15:35 Adam explains how having a peer network helped them get through initial challenges

16:53 Adam says they are doing well, but haven’t yet met their aggressive forecasts

17:40 Adam talks about the decision to invest in additional territory which ate up some of their working capital

19:00 Adam reflects on what he would have done differently if he were to launch now

20:00 Adam had to let his first employee go and describes the emotional toll it took on him

21:35 Adam talks about his ambitions to achieve a “million dollar month” in Chattanooga and reached $80k in August 2023, month #5

22:40 Knoxville hits $100k in sales in a month.  Adam discussed their ambitions to reach $1 Million in sales per year per territory

23:30 Adam says that one well-trained employee at corporate can achieve $150k in sales per month

23:55 Adam talks about the support he has received from Franchisor, ResiBrands 

24:48 Adam describes ResiBrands leadership as exceptional business people and exceptional salespeople

25:00 Adam describes the rapid growth of ResiBrands support system

27:07 Adam discusses T1P’s software platform

28:10 After training, Adam said he was armed to the teeth with tools to be successful in a business he previously knew nothing about

28:22 Adam discusses the advantages he enjoys with T1P’s new technology when his competition has outdated legacy systems that can’t keep up with T1P

Free Resource for Franchise QB Listeners:

The Franchise QB Playbook will guide you through the process of finding your perfect franchise fit.
https://docs.google.com/document/d/1XlbD8oyl3uyeiqaM73poH67BX1jRRyCGR7l7qB-3Nz0/edit?usp=sharing. Also, you can view the Franchise QB podcast at www.youtube.com/@franchiseqb.

Contact me and my team with any questions along the way. www.calendly.com/franchiseguy
Mike Halpern, CAFC
[email protected]