Do This if You Want To Buy the Right Franchise | 3 Easy Tips From Experts W/ Thomas Scott

The Franchise Hot Seat Podcast with Dr. John P. Hayes - Director, Titus Center for Franchising

DESCRIPTION:

Do you want to avoid feeling stuck in your current job or career path? Are you ready to take control of your future and become your boss? A franchise may be the perfect opportunity for you. Imagine the sense of accomplishment and pride you'll feel as you build your own business and impact your community. Franchising allows you to participate in the economy at your total market value and create opportunities for yourself and others. It's a fast and low-risk way to become a business owner, and endless possibilities exist.

But before you take the plunge and invest in a franchise, it's essential to research and find the right fit for you. Thomas Scott joins Dr. John Hayes in this episode of The Franchise Hot Seat to educate the audience about the basics of franchising. They talked about the importance of understanding the business model and establishing a good relationship with the franchisor to ensure that the franchise matches your skills, goals, and interests. Tune in to this episode, evaluate your options, and make an informed decision carefully. It could be the best decision you ever make.

TIMESTAMPS:

[02:00.4] Is becoming a franchisee like getting a job?

[08:05.6] New to franchising? Start small

[10:39.0] Money is not always the top qualifier

[15:12.6] How franchising appeals to every generation

[23:53.2] Trade is the new white-collar job

[30:06.9] Never waste a good recession

GUEST BIO:

Thomas has been in franchising for more than two decades. He started as a multi-unit franchisee and became a franchisor, growing Showhomes Home Staging to 100 locations in the early 2000s. Thomas then began Brand Journalists, a franchise development agency that has helped over 380 franchise systems and over 12,000 people become franchise owners. He has been a multi-unit operator with top sales in each system in three franchise brands. Thomas uses his experience as a marketer and franchise operations professional to grow successful franchise systems that are focused on franchisee profitability and strong, positive franchise relationships.

LINKS:

DR. HAYES:

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

THOMAS SCOTT:

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

Home Run Franchises: https://homerunfranchises.com/