Franchising 101

🎙️ Episode 226 - In this episode of Franchising 101, we are joined by Jason Feifer, editor-in-chief of Entrepreneur magazine, for a deep dive into the 46th annual Franchise 500 ranking. Jason discusses the rigorous data-driven process behind the rankings, highlights new and emerging franchise categories, and shares insights on the evolving landscape of franchising. Additionally, Jason talks about...

🎙️ Episode 225 - In this episode of Franchising 101, Tim Parmeter, founder and CEO of FranCoach, discusses one of the biggest misconceptions in franchising: the financial investment required. Contrary to popular belief, not all franchises necessitate million-dollar investments and a higher investment doesn't always equate to higher returns. Tim also provides insights into the funding options avail...

🎙️ Episode 224 - In this episode of Franchising 101, Tim Parmeter welcomes frequent guest Danielle Wright to discuss the highs and lows of the franchising world in 2024 and share outlooks and advice for 2025. Topics include the stability and cautious optimism in the franchising sphere, the importance of self-reflection and goal-setting, and the impact of technological advancements like AI on the i...

🎙️ Episode 223 - In this episode of Franchising 101, FranCoach Founder & CEO, Tim Parmeter, discusses the common fears surrounding competition in the franchising world. He talks about the inevitability of competition in any business and explains how prospective franchise owners should view and handle it. Tim also shares insights on how to determine market share, leverage franchise mapping soft...

🎙️ Episode 222 - In this episode of Franchising 101, Tim Parmeter welcomes Brandy Reed from Fastest Labs to discuss the company's unique non-medical lab services, including drug, alcohol, and DNA testing. With over ten years in the franchising industry, Brandy shares her accidental entry into franchising and her current role. Fastest Labs offers pre-employment and ongoing testing services, focusin...

🎙️ Episode 221 - In this episode of Franchising 101, FranCoach Founder & CEO, Tim Parmeter, answers a question submitted by a client - how much of my time will this whole process take? Listen in as Tim breaks down the time commitment required of a prospective franchise owner during the discovery process all the way through the time until you are opening your business.  📺 Check out FranCoach's...

🎙️ Episode 220 - In this episode of Franchising 101, Tim Parmeter explores the various motivations for becoming a franchise owner and why it is important to know yours. He discusses aspects such as gaining freedom and flexibility, having control over decisions, achieving financial freedom, and building generational wealth. What is your why?  📺 Check out FranCoach's TV show, the Franchising 360 Sh...

🎙️ Episode 219 - In this episode of Franchising 101, Tim Parmeter welcomes Chad Ackerman, a former corporate HR professional who transitioned into entrepreneurship. They discuss Chad's journey from a W-2 career in HR and sales compensation to starting a real estate investment business and eventually selling it. Chad shares his experience with FranCoach, what franchise he chose and why, and advice...

🎙️ Episode 218 - In this episode of Franchising 101, Tim Parmeter welcomes Pat Hyland, Vice President of Franchise Development for Neighborly Brands and author of 'Stop Chasing Two Rabbits: Is Business Ownership Right for You?' Pat shares his extensive career journey, starting a business in Dallas, collaborating with Neighborly, and eventually becoming a multi-unit franchise owner. Pat discusses t...

🎙️ Episode 217 - In this episode of Franchising 101, Tim Parmeter is joined by Brian and Maggie Bohanon. Hear about the Bohanons’ journey from their corporate careers to becoming franchise owners and why they decided to work with FranCoach. The conversation also includes their decision-making process, what franchise they chose and why, the support they received from the franchisor and other franch...

🎙️ Episode 216 - In this episode of Franchising 101, Tim Parmeter introduces us to the team behind Musicologie, including founders Kay and Joseph Barker, and the Director of Franchise Development, Annie Pomponio. Listen in as they recount the history of Musicologie, starting from their childhood piano lessons to touring in a vegetable oil-powered van and eventually launching their own music studio...

🎙️ Episode 215 - In this episode of Franchising 101, host Tim Parmeter talks with guest Darrell Bruce, a former FranCoach client and current franchise owner. Tim and Darrell discuss Darrell’s journey to franchise ownership, covering topics like why Darrell chose to pursue this path, what challenges and considerations he faced along the way, and of course, the brand that he ended up choosing! Tune...

🎙️ Episode 214 - In this episode of Franchising 101, host Tim Parmeter dives into the “money stuff” behind finding the perfect franchise to own. Learn more about navigating the FDD, or Franchise Disclosure Document. Tim covers creating a “pro-forma” and other key considerations in determining the right franchise for your unique needs and your ideal owner role as you think about Item 7 and Item 19...

🎙️ Episode 213 - In this episode of Franchising 101, host Tim Parmeter is joined by Meg Roberts and Zach Munroe of Head to Toe Brands, a parent company that includes Frenchies Modern Nail Care, Bishops Cut and Color, and The Lash Lounge. Meg, Zach, and Tim dive into a discussion of the joy of owning your own business, the benefits of savvy franchise real estate investing, and the ways that the bea...

🎙️ Episode 212 - In this episode of Franchising 101, Tim Parmeter and Danielle Wright discuss their recent experience at the International Franchise Association (IFA) Legal Advocacy Summit in Washington D.C. Listen as they explore the substantial impact of the franchise industry on employment and revenue in the U.S. and the importance of franchisees' involvement in advocacy and local governmen...

In this episode of Franchising 101, Tim Parmeter, founder and CEO of FranCoach, shares crucial insights on identifying the best franchise for you and the three pivotal factors to consider during the extensive discovery process. He debunks the misconception that money is the foremost concern, reminding us that financial success follows a good fit. Tim also talks about FranCoach's comprehensive...

In this episode of Franchising 101,Tim Parmeter welcomes Jessi Brelsford, founder of Taste Buds Kitchen. Jessi shares her remarkable journey from a finance career on Wall Street to creating a unique franchise focused on cooking classes for all ages. She talks about the transition from her original side project, Cupcake Kids, to the full-fledged Taste Buds Kitchen, which now has 17 locations across...

In this episode of Franchising 101, Tim Parmeter interviews Brent Greenwood, Vice President of Franchise Development for Martinizing Cleaners. Brent shares his journey into the franchising industry, the innovative features of Martinizing Cleaners, and the various business models available for potential franchisees. The discussion covers the evolution of the brand, the importance of excellent custo...

This week on Franchising 101, Tim Parmeter welcomes a very special guest with an exciting announcement. Grab your popcorn and listen in on their hilarious conversation and learn about the launch of a new television show, Franchising 360, on Biz TV. The show will air every Friday at 8 PM Eastern (5 PM Pacific) and will provide a comprehensive look into the world of franchising. Check out FranCoach&...

In this episode of Franchising 101, Tim Parmeter explores one of the key moments in the franchise selection process: the 'third call' with clients. Tim explains how FranCoach evaluates and presents three to four franchise options based on detailed discussions and profiles. He emphasizes the importance of keeping an open mind, even if initial choices seem unfavorable. Tim also shares advice...

In this episode of Franchising 101, Bobby Strumlauf, Director of Franchise Development for Mr. Appliance, shares his journey from a history teacher to a franchise development director. He discusses the unique aspects of Mr. Appliance, including its business model, advantages, and the robust support provided by its parent company, Neighborly. Bobby also highlights the ease of starting a franchise,...

In this episode of Franchising 101, Tim Parmeter sits down with Ryan Parsons, CEO of Evive Brands, to discuss his journey from co-founding a gutter business with his brother to leading a successful franchise platform. Ryan shares insights on the challenges and triumphs of franchising, the importance of leadership and passion in running a business, and how private equity partnerships can accelerate...

Create wealth, achieve your goals, and build a legacy in the franchising world. In this episode of the Franchising 101 Podcast, Tim Parmeter, founder and CEO of FranCoach, explores the intricacies of scaling a franchise. He discusses the differences between retail and non-retail franchises, key traits needed for a successful owner, and the importance of planning timelines and financial strategies....

In this episode of Franchising 101, Tim Parmeter welcomes Will Bartholomew, the founder and CEO of D1 Training, a fitness franchise dedicated to inspiring and motivating athletes to train like Division 1 athletes. Will shares his personal journey, overcoming an ACL injury in 8th grade to earning a full scholarship to the University of Tennessee where Peyton Manning was his quarterback. His passion...

In this episode of Franchising 101, Tim Parmeter speaks with Maya Ratcliff, the founder of Hawaii Fluid Art. Maya shares her inspiring journey from being a banker at Wells Fargo to building a thriving art franchise. After being laid off, Maya moved to Hawaii and began exploring various art forms, eventually discovering fluid art by accident. Her unique approach quickly gained popularity, leading h...