DESCRIPTION:

Welcome to today's episode of the podcast, where we'll be talking to Jason Killough, a seasoned franchise development expert with 28 years of experience in the industry. Jason will share his insights into the world of franchising, including the key factors to consider when choosing a franchise, the challenges faced by franchisees, and the strategies for success in the franchising industry.

In this episode, Jason takes us through the gritty parts of the business as he talks about his list of top 10 mistakes that potential franchises should avoid to have a seamless and successful franchising business. He also shares with us some insights in using franchise brokers and franchise attorneys to secure the triumph of the venture. Jason will share his insights into the world of franchising, including the key factors to consider when choosing a franchise, the challenges faced by franchisees, and the strategies for success in the franchising industry.

TIMESTAMPS:

02:42: top 10 Don’ts in Franchising

04:22 What a good system does to a business

13:35 The importance of having a franchise attorney

20:39 Discovery day

24:58 Paying the Broker’s fee

29:12 what incentives cannot change

30:09 How many people Jason has said “No” to

31:08 How quickly and how well he gets to know a prospect

34:25 How often people borrow money to start a franchise

35:47 Lowest investment Franchise

GUEST BIO:

Jason Killough has an impressive track record of success, having served as the Vice President of Franchise Development for HomeVestors of America Inc., the renowned "We Buy Ugly Houses" real estate investment franchise.

During his tenure at HomeVestors, Jason led the franchise sales department, overseeing the recruitment of over 160 new franchisees into the system within a three-year period. His extensive knowledge and expertise in franchising have helped numerous entrepreneurs achieve their business goals and realize their dreams of owning a successful franchise.

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

JASON KILLOUGH:

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

The Entrepreneur Authority: https://eauth.com/