Are you thinking about franchising your own business?

Well, you need to remember that franchising doesn’t stop at just earning more money. It also means putting your brand out there and entrusting your franchisees with your name and reputation as a service provider.

Neel Parekh — the founder and CEO of MaidThis, a cleaning business, informs us in our chat today about the key indicators you need to put in mind when starting a franchise business. Neel shares the story of how they managed to navigate their business through the recent struggles we’ve been faced with, including this pandemic. We also talk about how your growth as an individual is beneficial to the growth of your business.

Grab your pen and paper as we drop valuable insights along our discussion you’d surely love to take note of. Let’s get started!

Discussion Points: 

0:00 Opportunity Analysis

1:54 Welcome to the podcast

3:12 Neel talks about how he started his career

4:20 Neel’s future plans for his business

5:01 Mitigating the risks and forming compliances around health & safety protocols

7:20 Deploying policies across franchisors and communicating operations to end customers

12:10 Neel tells the story behind his decision to franchise the business

14:33 The process of starting a franchise you need to know

16:30 What can you offer as a franchisor?

17:32 Allow the franchisee to be creative but also set certain limitations

19:26 Onboarding franchisees

20:34 Here’s why you need to put franchise systems in place

22:35 Navigating the franchisees through the different state laws

24:08 Choosing the right franchisees and team members

27:00 Improving processes within the franchised business

28:47 What is the Entrepreneurial Operating System and how can your business benefit from it

32:38 A business is never going to surpass its leader

35:39 How books can help you gain growth as the leader of a business

41:29 Leaders need to accept their flaws so something can be don

Enjoyed the podcast? Take your trade business to the next level by incorporating AI! Don’t get left behind—explore Tradie Hub at tradiehub.net. Discover game-changing AI solutions designed to boost efficiency and growth for trade businesses worldwide. Check it out today! 

🧰 Want Access To Tools & Training from Industry Leaders?

Join Tradie Academy, our free community packed with templates, checklists, and resources shared by podcast guests, coaches, and successful tradies.

👉 Join free and grab your next growth tool.

📲 Stay Connected:

• Facebook: The Site Shed
• Instagram: @thesiteshed
• LinkedIn: The Site Shed
• Website: thesiteshed.com
• Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed

⭐ Enjoyed This Episode? Leave us a review here!

• Google
• Facebook
• Spotify/Apple