Franchise Secrets Podcast

You've heard of equity partners and operating partners, but what does it look like to be a passive investor in a franchise? Today, I talk with my business partner, Scott Duncan, as we delve into our first experience as passive investors in a franchise model.

Our goal is to put the right people in the right positions in the franchise so we can be completely hands-off in the business. Check out this episode as we document our first-ever completely passive role in a franchise system.

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

Franchise buyers! Should you be working with a Franchise Consultant? Erik dives into this question from his experience as a franchise consultant, franchisee, and franchisor. Before you start your buying process, there are some important questions you need to ask yourself! This episode will help you identify the things you need to know as you begin your journey into franchising!

 

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

Erik welcomes Born From The Lime co-founder and 2-Time Great Food Truck Race Winner, Daniel Shemtob to the Franchise Secrets podcast to share his journey from food truck extraordinaire to Franchisor!

Erik and Daniel talk about the progression of the business, Daniel's process in deciding to enter a partnership, what it was like winning a Food Network competition not once, but twice, and what led to the decision to franchise Born From The Lime Truck.

Check out more about Daniel and Born From The Lime Truck at www.thelimetruck.com.

Looking to dive deeper into the world of franchising? Join the largest, most helpful Facebook group in franchising here: FranchiseSecretsGroup.com

Growth is much easier when you're surrounded by like-minded, driven people. The Franchise Tribe Mastermind is full of successful Franchisees who are looking to shortcut the path to success and add value to other people while developing a tight-knit community along the way. Sound like a good fit for you? Check out FranchiseTribe.com for more info!

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

Erik is in the Hot Seat this week as he is interviewed by the first-ever Franchise Secrets guest host, Jared Montz! Tune in and get the scoop on the real Erik Van Horn!   Looking to dive deeper into the world of franchising? Join the largest, most helpful Facebook group in franchising here: FranchiseSecretsGroup.com   Growth is much easier when you're surrounded by like-minded, driven people. The Franchise Tribe Mastermind is full of successful Franchisees who are looking to shortcut the path to success and add value to other people while developing a tight-knit community along the way. Sound like a good fit for you? Check out FranchiseTribe.com for more info!   Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

In this episode, I'm giving you unprecedented access to my takeaways from the latest Franchise Tribe Scale Mastermind event! There was so much value shared, it was hard to format into a bite-sized podcast! Enjoy this exclusive sneak peek!

The Franchise Tribe Scale Mastermind is a group of growth-minded franchisees who understand the value of helping each other grow their businesses. It's not your average mastermind because we go beyond just talking about business and instead focus on what actually works to scale our income and achieve our lifestyle goals.

If you're interested in joining the Franchise Tribe Mastermind, click here: FranchiseTribe.com

Join our FREE Franchise Secrets Facebook Group here: FranchiseSecretsGroup.com

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

So you want to go into business with someone?

I'm not surprised. More and more people are starting their own businesses, so it's natural that there will be a lot of partnerships in the future. But before you start your partnership, make sure you know these three things:

what type of partner do I need?

How do I find a good partner?

and why is it important to have a written agreement?

This video will help answer those questions!

Join the largest, most helpful Facebook Group in Franchising: FranchiseSecretsGroup.com

Learn more about the Franchise Tribe Mastermind here: FranchiseTribe.com

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

David Meltzer has seen the upside of having millions of dollars...and the downside. David speaks about the cycles of bad behavior that hold you back from having a healthy relationship with money. These powerful truths will help you change your relationship with money for good!

To learn how to be happy, make more money, and have more fun, you can reach David here: [email protected] ⬅️

David Meltzer is the Co-founder of Sports 1 Marketing and formerly served as CEO of the renowned Leigh Steinberg Sports & Entertainment agency, which was the inspiration for the movie Jerry Maguire.

His life’s mission is to empower OVER 1 BILLION people to be happy! This simple yet powerful mission has led him on an incredible journey to provide one thing…VALUE. In all his content and communication that’s exactly what you’ll receive.

He is a three-time international best-selling author, a Top 100 Business Coach, the executive producer of Entrepreneur‘s #1 digital business show, Elevator Pitch, and host of the top entrepreneur podcast, The Playbook. His newest book, Game-Time Decision Making, was a #1 new release, David has been recognized by Variety Magazine as their Sports Humanitarian of the Year and awarded the Ellis Island Medal of Honor.

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

Join our FREE Franchise Secrets Facebook Group here: FranchiseSecretsGroup.com

To engage with other growth-minded franchisees, check out the Franchise Tribe Mastermind here: FranchiseTribe.com

I love Trey Powell. He's a master recruiter, but he doesn't just recruit people to be employees. He recruits them to be an asset in his company and that's what I want for my team. That's why I was so excited when Trey agreed to speak to the Franchise Tribe Mastermind and share with me how he does what he does!

In a special follow-up to last week's show, I decided to release this exclusive Mastermind session with you because it was too good not to share! Trey shares practical and tactical advice that will help take your hiring game to the next level and up your employee game.

Check out last week's Franchise Secrets episode with Trey here: https://www.youtube.com/watch?v=k6vvnw-ffaQ

Join the FREE Franchise Secrets Facebook Group! FranchiseSecretsGroup.com ⬅️

Learn more about the Franchise Tribe Mastermind: FranchiseTribe.com ⬅️

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

The hiring process is something most people don't think about until it's too late. And that's a problem because it can be the single most important thing you do for your company. In this video, I sit down with Trey Powell of Mosquito Joe to show you how to hire and manage rockstar employees so you're able to scale your business effectively!

 

Join the FREE Franchise Secrets Facebook Group!

FranchiseSecretsGroup.com ⬅️

 

Join the Franchise Tribe Mastermind:

FranchiseTribe.com ⬅️

 

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.

Erik is joined by Shelly Sun, CEO & Founder of BrightStar Care. Shelly talks about her journey of becoming a franchisor, outlining expert advice for business owners looking to scale their businesses through franchising as well as franchisees evaluating which franchisors to partner with. If you're on the fence about becoming a franchisor, this episode is for you! 

Shelly's book "Grow Smart, Risk Less" is available here:

http://growsmartriskless.com

 

Shelly Sun is the CEO & Founder of BrightStar Care. As a result of her leadership, she has been named one of the top 25 highest rated CEOs in the United States (the only female honored) during the COVID-19 crisis, and was named one of the Top 100 Female Founders of 2020.

 

Shelly built the company from the ground up when she realized there wasn’t a high-quality, dependable care provider that she felt would take care of her aging grandmother better than she could. She was an angry consumer working at a large insurance firm, and just like the rest of us, demanded the best care for her family. Instead of standing by idly watching her grandmother receive sub-par care, BrightStar Care was born. From day one, the company has operated under the belief that every client is one-of-a-kind, so their care should be too. This philosophy helped BrightStar Care become the company it is today. In 2005, they started franchising the business, with nearly 340 locations today. In under 5 years of the birth of the business, Shelly took BrightStar Care from a $1 million dollar business to over $100 million, and was the first (and only) franchising company in the US to specialize in both medical and non-medical health care staffing. With this past year, the pandemic was extremely scary - especially being in the healthcare industry. The fact that BrightStar Care is thriving with new clients daily is a true testament to Shelly’s leadership. She acts fast, cares for her staff, and is truly making a difference. At the onset of the pandemic, she made PPE a top priority, investing more than $2 million into building a centralized fulfillment center to ensure franchisees had access to the supplies they need. But she didn’t stop there - they also made this fulfillment center available to the entire franchise community. Additionally, they have partnerships with many Fortune 500 companies to help with screening their employees so they can have peace of mind when coming to work. With vaccines now available, BrightStar Care is committed to being part of the solution, with many franchisees leading their communities by offering nurses to local organizations to administer vaccinations.

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Join the FREE Franchise Secrets Facebook Group:

FranchiseSecretsGroup.com

 

Join the Franchise Tribe Mastermind:

FranchiseTribe.com

 

Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.