Franchisees are the real rockstars of franchising.
Just got invited (again) to fly to IFA convention on a franchisees jet.
He owns 3 markets for a single franchise brand and is also an area rep for a small region. (This brand does the area rep model a little differently and
Coming sooner than people realize. Once
@Tesla
begins to scale out Optimus, it is likely to far surpass the car business. Potentially by a lot.
Great clip
@ChrisCamillo
on
@DumbMoneyTV
@elonmusk
Every year we gather the worlds top young Franchise Founders and CEO’s for our annual Young Conference event. The “young bucks” teach the seasoned veterans about next gen things. Save the date: May 10-12 2023 in Chicago
#franchise
#NextGen
Prime Time crushed it on stage at
@Franchising411
convention.
4 things I took away from his talk:
1) What’s your Rabbit: What makes you leap out of bed without an alarm?
His story helped re connect me with mine, and it’s actually similar to his. My dad taught me about
Starting a company from scratch is like building a puzzle without the picture on the box. You have the pieces but need to figure out how they fit.
Opening a franchise is like building a puzzle from the picture on the box. You have the pieces AND are shown exactly how they fit.
PSA for those that have interest in franchising their business OR buying into a brand as a franchisee:
First: for those wanting to franchise their business:
Before talking with some of the cottage industry vultures that exist in franchising, you should first explore whether
8 great meetings already at
@Franchising411
convention, and convention hasn’t even started.
Our teams will meet with 100+ brands, PE firms, platform CO’s, suppliers— and socialize with 100’s more.
Lmk if you want to meet up, or get an invite to any of the cool kids parties to
Most people find franchising by accident.
But my path to franchise entrepreneurship was intentional from a young age.
I remember an experience growing up that sticks out.
My neighbor was a multi unit franchisee of Sonic.
My dad coached my baseball team and we had a ritual
Top 5 reasons I ❤️ the franchise biz model:
1. Model what works: proven systems, processes, support (in exclusive territory)
2. Leverage a proven brand
3. Speed to market (day to 1st dollar)
4. In biz FOR yourself, not BY yourself
5. Scalability (add territories OR brands)
Enjoyed sitting down with
@drewbrees
&
@StretchZoneUSA
CEO Tony Zaccario to record a 🔥 podcast. We chatted through franchising, football and how they both require similar talents. Full episode drops Friday 👀
Franchising offers one of the best paths to entrepreneurship known to man for people looking to get into business for themselves.
- own an exclusive territory of a proven brand with proven systems
- Receive a built in network of people to lean on, HQ and other operators alike
Just ran some numbers for fun.
Modrn Business podcast has published 223 hours of episodes, specifically hosting leaders of franchise brands.
Nearly 400 episodes and counting.
Working on transcribing all of the episodes and will start sharing nuggets with the world
Quick trip out west to speak to Neal’s franchisees about better leveraging AI technology, top learnings aggregated from leading from multi unit operators across the US and Canada, and the “5 Keys” framework for 🚀 that we’ve been developing at FSN and f .com
First time keynoting
Look forward to dropping this episode soon… 👀 Was sad to miss the franchise Twit meet up at IFA convention, 37 meetings on the calendar and countless parties (and podcasts) make it hard to keep up. Curious for your top takeaways from convention though??!
#franchising
A franchise renaissance is brewing.
There will be winners and losers.
But brands with solid economics will expand into territories faster / stronger than ever.
Layoffs and AI replacing jobs will accelerate.
Solid operating groups will gobble up territories.
Executives and
Johnny “Broski” Weber started with a single Sport Clips location and over a decade became their largest franchisee.
He began opening Pet Supplies Plus locations and now has a portfolio that spans 7 brands, 13 states and includes everything from personal services to retail and
Direct quote from a call I was just on is VERY worthy of repeating:
“We’re not looking to sell a million franchise territories (and make commissions on franchise fees). We’re looking for franchisees who want to build a million dolllar+ business”
As an industry, we need more of
Franchise YoungCon full agenda is out! Gathering the top millennial leaders in franchising 🚀 Comment or DM for registration link (almost sold out, grab your seat asap)
@bavedikian
@mhprvpmvp
How are you going to post this and then simp to this reply? lol. Phenom 100 is a great small jet. 300’s even better. I fly on one often and it has completely ruined normie travel for me
🚨 Podcast Drop: IFA President & CEO
@matthewhaller
on Modrn Business Podcast.
For the franchisees here on the X verse... there is going to be a 🔥 main stage session next week with my good buddy Jesse Keyser and some smaller franchisee named "Greg Flynn" or some such?... :)
My mom just sent this pic to our family group chat.
(Her and my dad moved out to what I call “the sticks” in north TX. My whole immediate family is now up there.)
They’re all excited about several developments and brands coming to town.
Couple of observations:
1) It’s neat
Franchising is like a tripod.
Three legs are required to stand sturdy.
1) A Franchisor with strong brand, repeatable systems, great support & a team that cares
2) Franchisee’s who make money.
3) The right suppliers & partners
Take one leg out, it falls over.
Nail all 3: 📈
150 franchise professionals are descending on Park City next week for the 12th annual UnConference.
Sound on 🔉 to learn more about why this event is special:
The conference for Next Gen franchise leaders 👀
At the event, along with a lot of other phenomenal programming: Franchise Shark Tank will feature 6 epic brands pitching & competing for the YC 2024 throne.
@AaronHarperCEO
it just dawned on me that you’ll have to be a judge
Just passed 150 registrants and have only a handful of spots left at Franchise YoungConference.
Who comes to mind you’d want to meet or hear speak at the event?
6th annual boutique networking & learning event designed for millennial & Gen Z franchise founders and leaders! 🚀
@lisa_vacanti
@hooleil
“A small business is one that has fewer than 1,500 employees and a maximum of $38.5 million in average annual receipts, according to the SBA.”
Discounted rates end today for the best “boutique” event in franchising 📣⌛
Well, maybe not so boutique anymore… but it has a real franchise family feel.
700+ franchise professionals networking, learning, knowledge sharing, and having a damn good time 🔥
REGISTER HERE:
We’ve hosted some incredible franchise folks on the podcast over the last (nearly) 6 years.
From big industry event keynotes to up and coming brands, regional brands, national brands and everything in between.
Who should we have on the show in 2024?
Franchisees, franchisors,
20 years ago my entrepreneurial journey was born.
I was turning 16 and I wanted a truck, and a sound system for said truck.
I played baseball practically full time at this point and didn’t really have time for a job — outside of doing odd jobs for money, helping my brother in
Always appreciate a hotel room with great shower pressure.
Not too much, not a drip…
It’s the little things that make a big difference when on a convention marathon
😂
Hot take. Too many companies and leaders take too much time patting themselves on the back about their amazing culture / leadership etc.
Nobody cares about your culture speak.
Did you know the trillion-dollar AI bohemoth
@nvidia
was conceived in a
@DennysDiner
booth in 1993?
Before becoming NVIDIA’s CEO, Jensen Huang served tables at Denny’s.
It was at a franchise location, amidst the clatter of dishes, that he and his co-founder envisioned the chip
Throwback. Summer 2019. Interviewing the Queen of Dennys (Dawn Lafreeda) in a
@DennysDiner
booth for Modrn Business podcast. The ambiance on the episode was pretty neat, audio came out great for using a mobile recording device
@AnomaKLIE
@ZackFishman
@sjandfun
Love this time of year.
I use down time to get even farther ahead.
My competition rests, overeats, and binge watches TV.
I reflect on the passing year, calibrate actions, refresh targets, and produce while others are asleep.
@girdley
Franchise Young Conference.
A gathering of next gen founders & execs of franchises under 45 (select “mentors” can come too).
Well… we actually already created it but not everyone knows about it that should :)
6th annual event on May 13 (started 2019) 150+ will be there
Cooking up something epic for the franchise community. The epicenter of Franchise Supplier/ Partner search and discovery.
Oh and our other top secret project launching mid September.
We started Young Conference, the world’s best and only conference for Next Gen Franchise Leaders back in 2019.
Don’t miss out on the 6th annual event this year. Don’t be a Dinosaur.
We learn hard, and have a cocktail in hand.
@ZackFishman
Adventures of
@LaneJFisher
in a Waymo (self driving car) Part 1:
I touched on this in my talk at Franchise Springboard last year.
People do not realize the eventual impact automous cars and robots will have (on a much shorter time horizon than one might expect).
@hooleil
How many units do they operate? How many do they employ? Isn’t their investment and exposure more? Wanting them to be penalized for being a franchisee (which is a small biz owner that pays a royalty and has a network of other small biz owners to leverage) is just plain stupid.
@GrantCardone
Wrap a tour bus & go aro cross country interviewing franchise CEO’s for Modrn Business Podcast. 26 states, 116 episodes in 47 days with some of the top leaders in the world. Thought of, planned, & executed the whole thing in 90 days (with help of my Co host and now biz partners)
Nothing I love more than a daily dose of hearing how different people discover franchising and build an amazing business.
Billions of people on this rock we call earth are stuck in jobs they hate. Countless more are struggling to build a startup. Feeling like they are putting
You can’t stick your hand in a pot of glue without some of it sticking.
In 2019 we wrapped a tour bus and went across the country meeting with top franchisors and franchisees in the USA.
116 podcasts.
57 days.
22 states.
In 2021 we did a West Coast rendition.
If there were a
Working on a Docuseries 🎬 unearthing franchises poised for success during this economic recession. Raw, real, goal is to awaken more investors & regular folks to the playbook of wealth creation through de risked franchise opportunities.
Any thoughts/ ideas/ people to include?
100% chance of an epic Franchise UnConference this year in beautiful Park City Utah.
- 117 inches of fresh snow already this season
- 150+ franchise professionals hitting the slopes, enjoying other mountain town activities (for the non skiers), networking, relaxing and learning
A fresh new way for restaurant operators to reward shift workers for showing up on time (for more shifts), up selling items, and beyond. Incredibly cost effective. One of our portfolio companies, DM if you want to learn more.
Two golden pull quotes from a live chat with
@BedrosKeuilian
The first was eerily spot on, now knowing the world shut down 25 days after recording:
“Winter is coming in some fashion, whether it’s economically or in your personal life. Most people will be unprepared, but not
“Loser buys dinner”
A fun moment on the pod.
@drewbrees
shares a funny
@garyvee
story.
Check out the full pod for the greater context on the wine story 😂
Me vs We
It’s a subtle red flag 🚩 signal to a team when leaders have a “me, my, and I” approach.
Whether anyone even consciously realizes it or not. EVERYONE picks up on the language of “me”.
Multiply this out over the course of a day, week, month, year…
A “Me, my and I”
@elonmusk
@TheRabbitHole84
Unfortunately this trace routes back to George Soros and the like.
OSUN - The Open Society University Network (Soros) set up multi billion dollar endowments with a fluffy “sounding” mission that is rotten at the core.
Also suspect this is the tip of the iceberg and a handful
@DavidOAtkins
@jack
Or…this ends with egg on your face, being that you’re on record with this silly “prediction” that will undoubtedly be the diametric opposite of what happens on every count
Next week we are publishing all Springboard keynotes and breakout session recordings for our franchise community. Over 30 hours of 🔥 content from franchise leaders like Rob and so many more.
🚨 Crazy stat: we had 270 speaker/ contributors this year
FranTable is an independent research platform that lets you search opportunities WITHOUT having to enter your contact information that is sold to brands. Filter by industry, revenue, est. profitability and more.
The real money is made when everyone else is losing their minds. Napoleon’s definition of a military genius was, “The man who can do the average thing when all those around him are going crazy.” It’s the same in investing. Credit
@taylorawelch
@girdley
Become a franchise broker (can access to 600 brands that pay a fee for finding buyers) and help 35 people find and buy a franchise. I’ve got some interesting things brewed along this line 😊
4 Ways To Modernize Your Franchise Operations:
A few hot takes from last weeks
@IFPGInc
webinar featuring Matt Goebel (CEO of Woven & Multi Unit Franchisee)
Woven is the answer to these problems.
Comment or DM to network/ connect with Matt/ Woven
Tons of tech layoffs happening. People looking for what’s next.
Franchising could be an excellent path for many of these people.
Whether it’s building a business for themselves (finally taking the entrepreneurial plunge with a proven brand, repeatable systems, great support) OR
Who do you love following on X and why?👇
There are so many smart people from diverse backgrounds here.
Can apply learnings and knowledge from those backgrounds in other areas.
And best of all, discover interests and connections through comments/ re posts etc.