Taking Ownership

In this show, Leh and Reid interview Dan Thrailkill.  This was a slightly different episode than past shows.  We focused more on taking ownership of your life so that you can take ownership of your business.  Imagine having to sample your blood 8 times a day, and, depending on the results of that test, you may have to inject yourself with a needle.  You are constantly having to monitor your health throughout the day.  For some it can be very discouraging, but not for Dan.  He embraced it. And because he dealt with it, he can work for a couple different businesses and co-own another.  He does not let it slow him down.  

When you buy a franchise, one of the biggest values are the systems that have been developed.  But why are they so valuable? In this show, we break down what we mean when we say 'systems'; why they are so valuable; what are the most common objections to creating systems in the first place (which we debunk); and what you should systematize in your business.

If you are considering buying a franchise, email us at [email protected] to discuss how we can help.  It won't cost you anything, but it could save you both time and money.

Leh and Reid had the pleasure of interviewing Jarid Ison, the proud new franchisee owner of College HUNKS Hauling Junk and Moving.  He had the courage to open his business in the middle of the COVID19 pandemic.  There were some sleepless nights, but he trusted the system and it paid off . . . big time.  On day one he had customers.  In just three months the business was in the black.   And, not only is the business profitable, he is also leveraging it to help others in his community.   It is amazing the impact you can have on your family and your community when you find a business that fits your values.

If you are considering owning a franchise, but are afraid to engage the services of a franchise consultant over cost concerns, don't be.  It costs you nothing, but not seeking the help of a franchise consultant could cost you money and time.  This is just one of the reasons to consider using a consultant to help you navigate this wonderful new adventure.  Join Leh and Reid as they discuss the advantages that a franchise consultant brings to help you navigate the franchise landscape.  

Even if you are on the fence about getting into the franchise world, you can still listen to Leh explain what a multipotentialite is.  

In this episode, Leh and Reid discuss the franchise opportunities that exist today despite the current uncertainty in our world.  They focus on the 'home service' side of franchises, many of which have a relatively low barrier to entry.  Rather than discuss particular franchises, they explore 20 different types of services that franchises are offering to customers.  If you wondered just what kind of options there are out there for you, then this is the show for you.  Some of them might surprise you!

When they sat down to put together this show, Leh and Reid kept reading one negative story after another.  Fortunately, they hate negative news so they kept digging for something positive to discuss.  They found emerging franchise opportunities where business aren't just surviving but thriving.  If you are considering a change from your current employment but think there are no good options right now, you might be pleasantly surprised.

A listener recently asked what kind of franchise fees can they expect to pay when buying a franchise.  In this show, Leh and Reid answer the question and discuss the most common franchise fees you can expect to pay when buying a franchise.  They also discuss why they are not only worth it, but often a bargain compared to you having to replicate the hard work of the Franchisor on your own.  

Leh and Reid interview Tom Aagaard, a 20 year owner of multiple Great Clips franchise locations.  He currently owns 42 locations and has had an interesting journey.  Along the way, he actually owned 9 different franchises.  He explains how he got started, the importance of finding a franchise that is in alignment with your values, and the advantages of franchise ownership when you need make a change.

If you have any questions you would like to be answered on the podcast, email us at takingownershippodcast.com

In today's show, Leh and Reid discuss the different types of franchises that are out there, including home based, retail based, and master franchises.  When people think about franchises, often the first thing that comes to mind is fast food chains.  Fortunately, that is only one of many kinds of business franchise opportunities out there for you to consider.

If there is something you would like for us to discuss on the show, just email us at [email protected]

In this show, Leh and Reid discuss 10 common misconceptions that can lead to failure when buying a franchise.  They break down each one and explain how you can set yourself up for failure if you buy a franchise with the wrong mindset.  They want you to build a successful business for you, your family, and the people you employ.  The 10 Common misconceptions they explore include:

1. You're guaranteed to succeed
2. It’s the Franchisor’s job to find customers for me
3. A “turnkey” business means that all you have to do is “turn the key.” 
4. I will be successful doing something I love
5. If it feels right, it will work out
6. I should use earnings claims to make an investment decision
7. My chances of success increase with a well-known brand name. 
8. Buying a hot franchise that’s in a growth spurt is a good opportunity. 
9. Food franchises are great investments because they are recession resistant. After all, everyone has to eat. 
10. My town has no widget franchise. There’s no widget for 30 miles in each direction. If I open one, it will be successful because there is no competition.