Franchise Euphoria

The largest sector of franchising is restaurants. Restaurants are notorious for having difficulties retaining staff. This is partly due to the nature of the business. Staff are typically younger people that often move on to other things. Listen in as I give you 5 ways to keep your staff happy which will lead to them staying on longer. This is not only beneficial to the moral of your business but also to your bottom line.

Welcome to Franchise Euphoria Podcast

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Emily Chase Smith – How to Take Control of Your Finances so You & Your Business Prosper

This week we discuss one of the things we all HATE to discuss. Money. Finances are the backbone of business but money is an issue that many avoid facing, especially if on shaky financial ground. Emily Chase Smith describes this as a fingers-crossed mentality. We cross our fingers and hope all will be well. Looking from the outside it is easy to see this is the worst thing you could do.

Listen in to hear about the process she goes through when she works with her clients to get them on better financial footing.

About Emily Chase Smith

Emily graduated law school at 21.  Her family lived overseas for 5 years and when she came home she decided to focus her law practice on bankruptcy. She liked bankruptcy because you’re taking someone in a tough position and improving it dramatically – unlike most other areas of the law.

She started seeing patterns that her clients were going through. She realized that if she had just seen them a year before they may have been able to avoid the situation that they were in now. She wanted to help them before the real problems began – to be a lighthouse. Now she works with businesses that may be on shaky ground but with a little guidance can come out stronger and more financially stable.

Join us as Emily shares her tips on becoming a financially savvy entrepreneur.

Show highlights

Emily discusses the importance of identifying your long term goals so that you can identify the correct path to take and take it. The next step she takes with her clients is to go over all the financial records for the business with the owner, helping them understand where they are and how they might move forward.  She also discusses the need for an exit plan.

Another key aspect she discusses is knowing your money personality. Not sure what that means? Listen in as she explains.

Episode Resources

Emilychasesmith.com

Untangling Your Money Spaghetti Course

The Entrepreneur’s Money Podcast on iTunes

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Today’s Franchise Euphoria Tip of the Day is all about location, location, location. I get asked all the time about what a good location is and where successful restaurant franchises are located. Location is such a vital part of having a successful franchise business.  I narrowed it down to the top 4 things you must consider when choosing a restaurant location. Enjoy!

iTunes:  Franchise Euphoria Podcast

I am thrilled to have Matt Frey on the show today. Matt and his wife Rachel are the founders and owners of the wildly successful Bub’s Burgers & Ice Cream, home of the Big Ugly Burger™. We discuss the process that they went through from opening their first restaurant, to opening more locations, and the decision to convert to a franchise model. We talk about key business practices such as branding, employee education, and systemizing.

Among other things, I love Matt's passion for what he does, and his mission to help inspire, train, and grow his employees so they can learn, advance & benefit in big ways!

For more information on Bub's franchise opportunities or just to reach out and say hello, call Matt at 317-727-3371  or email him at: [email protected]

So tell me, what was your biggest takeaway from this interview?

iTunes:  Franchise Euphoria Podcast

In today’s Franchise Euphoria Tip of the Day I discuss the crucial importance of franchisor support. When buying a franchise there are certain things a franchisor should do to help its franchisees. I will tell you where to look and what to look for. I will also provide you with key questions you should ask that will help you understand what support systems are in place and where support may be lacking. Hope you enjoy!

This week on Franchise Euphoria I have the pleasure of interviewing Jessica Peterson. She brings amazing insight into a topic that many of us struggle with on a daily basis, social media. Social media has become a key aspect of business life and when utilized correctly can play a huge role in your success. Tune in as Jessica explains how to make the most of social media for your business.

In today’s Franchise Euphoria Tip of the Day I discuss buying a re-sell. One popular way to get into franchising is to buy another’s franchise business. This happens when a franchisee wants to sell before the end of the franchise agreement. As with all business purchases it is an exciting prospect. All too often much is made of the price, which is understandable since you want to get a good value, but you really need to dig deeper. Listen in as I explain 14 questions you need to ask before you purchase a re-sell. 

This week on Franchise Euphoria I talk with the List Building Queen herself, Maritza Parra. This is a must listen for every entrepreneur interested in getting more prospects and converting more prospects into customers. Listen in as Maritza goes through the step-by-step process of list-building.  Maritza lays out the 5 Steps in building a profitable list.  Additionally, you will learn how Maritza got to where she is today, and what she did that ultimately led to Oprah reaching out to her.  Hope you enjoy this amazing interview!

In today’s Franchise Euphoria Tip of the Day, I explain what it takes to be a successful franchise owner. Don’t be fooled into thinking your franchise will run itself. I will outline a few simple steps every franchisee should take before starting.  I will also teach you the four key skills that are necessary for you to have to be an effective leader in your business.  Hope you enjoy!

This week on Franchise Euphoria I have a fascinating conversation with Brad Spencer, Executive Director of the Brilliance Network. The Brilliance Network focuses its efforts on helping small to medium sized businesses scale and grow.  Amonst other things, Brad and I discuss specific actions that small business owners can take to grow their business. Brad draws upon his own experience of owning, growing, and selling a business and his interest in franchising.

Listen in as he discusses the importance of:

Ø  Systematizing  

Ø  Great customer service

Ø  Attention to Detail

Ø  Thinking like an investor

If you would like to reach out to Brad, you can find him on Facebook: PLRDOCTOR