what the FRANCHISE - Lessons Learned After 3 Years Franchising A Service Business

Lessons Learned After 3 Years Franchising A Service Business

01/16/23 • 31 min

Join Thomas Scott, CEO of Home Run Franchises and Brand Journalists as he holds a coaching session with Richard Gould, founder of Richard's Painting Franchise.
Richard's just celebrated a milestone of opening its 15th location after 3 years of franchising!
Richard is not a typical franchisor - like a lot of successful business owners, he dreamed of building a national brand. His two original Richard's Painting locations both exceeded $1m in sales and he had a proven approach to the premium painting segment AND he felt he could share his approach to a whole generation of new franchisees.
That didn't mean he was ready for the challenges and obstacles and STEEP learning curve being a successful franchisor comes with.
I often coach new franchisors like Richard on how to become better - after franchising 9 brands and helping grow over 400 franchise systems, I've learned a lot. Franchising is a unique industry - we believe in sharing best practices and helping each other and this call is a great example.
Richard shares his organizational, development, marketing and culture challenges and we talk through some solutions.
If you are considering franchising your business or have already started franchising, take some time to listen in - you'll learn some valuable insight into how to grow smartly, even if you are starting out without a lot of franchise experience or large capital resources - it is ALWAYS possible to grow!

Previous Episode

How To Find The Ideal Franchise Candidate For Your Franchise System

Do you know who the perfect franchisee is for your system?
Do you have strategies to market for and recruit them? Join Thomas Scott, CEO of Home Run Franchises and Jack Monson from Social Geek Radio as they discuss the mistakes many franchisors make and talk through some very helpful tips on how to adjust your mindset when it comes to franchise recruitment.
All franchise prospects are not monolithic! Every franchise system exists for specific people who have very different passions, skills, drive and experience. Don't make the mistake of missing your next top performing owner!

Next Episode

Is Remote Work a Dead End for Professional Development?

Since COVID, our society has shifted to a remote work mentality. Downtown offices are empty, commercial space has flooded the market and the typical job for a college grad has a remote work component.
Gen Z and young millennial workers have embraced this, saying this evolution is not only needed - it is liberating. Why spend your entire day chained to a desk when you could enjoy working from coffee houses, home offices or wherever? 8 hour days are exhausting when some workers are able to break up their workload over a more manageable time.
It seems to be a win-win for everyone.
But is it?
What if in 5-10 years an entire generation of workers wake up and realize they are no longer valuable and don't have real seniority - that their employers can easily replace them with younger, less expensive workers.
Here's the deal - when you work remote you simply miss out on years of professional development. You don't get the collaborative experience so valuable from working literally alongside older, more experienced workers. A slack isn't a replacement for 5 days and hundreds of interactions with colleagues.
In this podcast, I talk about how franchise ownership - the ultimate remote work gig - has a nifty solution for replacing this missing professional development for young workers.
See if you agree!
Thomas Scott - [email protected]