DESCRIPTION:

In today's episode of the Franchise Hot Seat, we welcome Dan Monaghan, a successful franchisor and franchisee with years of experience in the industry. Dan will be sharing his expertise on franchising and starting a business at a very young age. We will delve into the many benefits of franchising, including the advantage of starting a business with a proven track record and established brand recognition. 

For those interested in starting a franchise, Dan will share his insights as a franchisor and the growth potential it offers. He will also discuss the key components of a successful franchise, including a clear business plan, financial resources, and strong support systems. Join us in this exciting episode of the Franchise Hot Seat with Dan Monaghan as we explore the world of franchising.

TIMESTAMPS:

[3:02.8] There's no better business model than franchising

[6:57.6] The edge you get when you start young in franchising

[9:45.5] Let fear fuel you

[17:49.6] Filtering out prospective franchisees

[25:35.8] Why private equity is interested in franchising

[38:48.2] The three legs of the stool of franchise development

GUEST BIO:

Dan Monaghan is the founder of Clear Summit Group, a franchise accelerator that invests in and develops early-stage franchise companies. The CSG group includes WSI (the world’s largest digital agency network), Tutor Doctor (the world’s #1 in-home tutoring company), Qualicare (managed medical home care), Recruiting In Motion (Profit 500 company), and Fuzz Wax Bar (wax only salons). CSG represents over 1000 franchised locations in 80+ countries. Dan is a thought leader in the fields of technology and franchising. He sits on the board of the International Franchise Association and regularly lectures at institutions like Georgetown and Cornell.

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast

DAN MONAGHAN:

LinkedIn: https://www.linkedin.com/in/monaghandan/

Facebook: https://www.facebook.com/dan.monaghan.505

Twitter: https://twitter.com/danjmonaghan