PerfectMatch Franchise Podcast

On this episode of the PerfectMatch Franchise Podcast, we have on special guest Scott Satell! 

Scott is a local owner of a quickly growing, niche fitness franchise concept called The Exercise Coach, and is also a Franchise Consultant. 

His career journey started as an attorney, has included living in Europe for 5 years as he worked as a senior executive of an international playground equipment manufacturer, and now has led him to franchising! 

Scott has a genuine passion for entrepreneurship and has taglined the concept of “building better lives through business ownership” with Thrive Franchise Search Firm, which is his franchise consulting business. 

In this episode of the Perfect Match Franchise Podcast,  Dylan and Steve explore the world of absentee franchise ownership. In this episode, they delve into the realistic aspects of running a franchise without being actively involved in day-to-day operations.

The hosts discuss different levels of absentee ownership, starting with the fully absentee model, which is ideal for investors with capital but limited time. They highlight how franchise brands often have management systems in place, similar to hiring a property manager for real estate, allowing owners to leverage the brand's infrastructure.

Dylan and Steve distinguish between absentee and passive ownership, emphasizing that even in absentee models, owners make high-level decisions. They use Rhino7 brands as an example, showcasing how certain franchises, particularly in home services and pet industries, can be run fully absentee.

The conversation then shifts to semi absentee ownership, with two main levels discussed. Level one involves minimal time commitment, averaging 3 to 15 hours per week, while level two includes having a management structure in place and checking in periodically.

The hosts stress the importance of understanding the criteria for making a business semi absentee, considering factors like profitability metrics. They caution that even in semi absentee scenarios, owners must be prepared for unforeseen events and be the last line of defense for their business.

Listeners gain insights into the time commitment for different levels of absentee ownership, with examples from Dylan and Steve's own experiences in the junk removal industry. The hosts encourage potential franchisees to build contingency plans and choose a business they are interested in to ensure long-term success.

In conclusion, the hosts remind listeners that absentee ownership doesn't mean complete passivity, and it's crucial to be invested in the success of the business. Whether fully absentee or semi absentee, franchising offers various options for entrepreneurs looking to balance their investments with their time commitments. If you're curious about franchising or absentee models, reach out to Dylan and Steve for more information. Join them until next time on the Perfect Match Franchise Podcast.

Welcome to another episode of the Perfect Match Franchise Podcast! Join Dylan and Steve as they delve into the concept of "the overlap," exploring the scenario where individuals aspire to venture into entrepreneurship without immediately leaving their current job. Navigating the fears and challenges of transitioning from a corporate nine-to-five job to entrepreneurship, the hosts discuss various options for those seeking to balance business ownership and job security.

In this insightful episode, Dylan and Steve explore three viable options for aspiring entrepreneurs: buying an existing business, starting a side hustle, and the host's favorite, launching a semi-absentee franchise. They discuss the pros and cons of each approach, providing valuable insights and practical considerations for listeners.

Whether you're contemplating business ownership, concerned about the unknowns, or exploring different paths to entrepreneurship, this episode offers valuable guidance and explores how a semi-absentee franchise might be the perfect fit for your journey. Tune in for a thoughtful discussion on building a business while maintaining stability and making informed choices in your entrepreneurial pursuit. 

One of the most common phrases we hear from clients is, 'I'm looking to buy an established, profitable business with a long track record. And preferably a business where the owner is only selling because they're looking to retire'. Unfortunately, those types of businesses don't usually hit the market or at least not at reasonable price. 

But that's not necessarily the end of the road!

Many people we hear this from aren't really interested in 'the business', rather they're looking for the lifestyle THAT COMES with that type of business.  Fortunately, we understand this, and have business opportunities that fit the needs of that person who's looking for 'that' type of business; aka the lifestyle that comes with it. 

With our Top Franchise Deep Dive series, we delve into brands that we really like and are performing exceptionally well in their respective field. In this episode we are featuring That 1 Painter, a top tier residential and commercial painting franchise which is under the parent company ResiBrands. Founder and CEO Steve Montgomery has a true entrepreneurial story; taking a part time summer job and growing it to a nationally recognized brand. He and his team are growing a service business conglomerate with a fantastic company culture. Listen in to learn more. 

That1Painter.com
ResiBrands.com


As always, if you're interested in learning more about this brand or any other franchise opportunities, feel free to reach out to Steve or Dylan from PerfectMatch Franchises!

PerfectMatchFranchises.com 

If you're looking into franchising, I'm sure fees and costs are one of the more important aspects you're looking at. However, it's important to not look at fees as a negative expense. Fees are what keep the brand growing and able to provide more support that aids in your success. For instance, let's say Brand A has a 6% royalty and 2% brand fund, and Brand B has a 7% royalty and a 1% brand fund. While it is true that both brands require an 8% fee, Brand A is allocating more towards a brand-wide marketing fund. Now, that isn't necessarily a good or bad thing, it's just a fact of the matter. What else you get with each brand should also be a major consideration. With that being said, it's important to know how to compare costs and fees between potential brands you're considering.

If you're considering buying a franchise, it's important to know how to set yourself up for success. One way to do this is by starting with the end in mind; projecting yourself over the 'lifetime' of you as a franchisee. This doesn't mean you'll have this brand for life, but rather, the life of your ownership in the business. Depending on what you want to get out of the business, this could be 2 years or over 10. There's no right answer for everyone. There's only a right answer for you.

In this episode, we dive deep into the crucial decision-making process of selecting the perfect industry for your franchising journey. Join us as we explore the key factors and strategic considerations that can help you make an informed choice, whether you're a budding entrepreneur or a seasoned business owner looking to expand through franchising. From analyzing market trends and personal passions to evaluating financial potential and market demand, we share our insights and experiences to guide you through the intricate landscape of industry selection. 

We are happy to have on Mike McCann the Real Estate Man! Mike is the founder of The Mike McCann Team which is a powerhouse in the Philadelphia and Jersey shore real estate community. He started his career as a Realtor in the 80s and since then has build one of the biggest realtor teams in the country, and has sold billions of real estate in his career. 

In this episode Mike tells his story about his pathway into real estate and the key qualities that are needed to build a huge business from scratch in a crowded market like real estate. 

In this episode we explain how we differentiate our junk removal service here at Junk U. 

In the junk removal industry, on the service it may seem like every company is pretty much the same. While there is only so much that can be unique about the actual loading of the items, we separate ourselves from other junk removal companies in our professionalism both  on site at the customer's home and in our communication pre and post job completion.