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

Franchising can be an exciting but tough business. It needs attention to detail and both franchisor and franchisee success. Franchisors must understand franchisee needs and adapt their support services. Third-party providers, like consulting firms, can bring fresh perspectives and expertise and help find untapped profitability.  In this episode, we speak with Angela Coté, a franchise consultant wh...

Franchising offers entrepreneurs the opportunity to leverage an established brand, receive training and support, and benefit from economies of scale. However, franchisees also face limitations on their creative freedom, ongoing royalty fees, and potential conflicts with the franchisor. Franchising can be a viable option for those looking to start a business, but it requires careful consideration o...

DESCRIPTION: Welcome to today's episode of the podcast, where we'll be talking to Jason Killough, a seasoned franchise development expert with 28 years of experience in the industry. Jason will share his insights into the world of franchising, including the key factors to consider when choosing a franchise, the challenges faced by franchisees, and the strategies for success in the franch...

DESCRIPTION: On the latest episode of the Franchise Hot Seat podcast, Red Boswell joins Dr. John Hayes to discuss franchising and the importance of finding the right fit. Franchising allows you to launch your own business using an existing brand and business model. However, it's crucial to do your homework and determine which franchise is suitable for you, as not all franchises are made equal...

Let's say you have already decided which franchise to buy. The question now is where to get the money to finance your business. One avenue to consider is the SBA Loan Program, which helps franchisees secure funding for starting and growing their businesses. By providing access to funding, the SBA Loan Program helps more people achieve their dream of becoming business owners and contributes to...

DESCRIPTION: In today's episode of the Franchise Hot Seat, we welcome Dan Monaghan, a successful franchisor and franchisee with years of experience in the industry. Dan will be sharing his expertise on franchising and starting a business at a very young age. We will delve into the many benefits of franchising, including the advantage of starting a business with a proven track record and estab...

This week on the Franchise Hot Seat podcast, we had the pleasure of speaking with Kayla Ryan, a young franchisor making waves in the industry. Kayla shared her insights on people-to-people marketing and how she's been able to connect with Gen Z and millennial consumers. She also discussed the challenges of being a young franchiser and how she's been able to overcome them.  Kayla's u...

DESCRIPTION: Choosing the right franchisees is crucial to the success of any franchise system. These individuals will represent your brand and must align with your values and mission. It's important to thoroughly vet potential franchisees, not just in terms of their financial qualifications but also in terms of their business understanding and ability to manage and grow the franchise effectiv...

DESCRIPTION: A franchisee's responsibility is to perform due diligence before buying a franchise. The Franchise Disclosure Document (FDD) is a legal document that must be provided to potential franchisees by the franchisor before they enter into any agreement. It is one of your most valuable resources as a new franchisee. As part of your due diligence, it's also essential for potential f...

DESCRIPTION: When considering purchasing a franchise, many people worry about the cost of franchise fees. The parent company charges these fees for new franchisees to join their system. If you're new to franchising, you may wonder why these fees seem so high and whether they're worth it. The franchise fee is an upfront payment when you buy a franchise, and it's essential to understa...

DESCRIPTION: Franchising can be an excellent opportunity for aspiring business owners to get their feet wet in entrepreneurship. By joining a franchise, individuals can own and operate their businesses while still receiving support and guidance from the franchisor. However, it's important to note that franchising is not for everyone, and it's essential to thoroughly research and consider...

DESCRIPTION: Franchise fees vary greatly, from a few thousand dollars to over $100,000. Some people may wonder why they should have to pay a franchise fee. However, the fee provides many benefits and is often necessary to profit in the franchise business. "It takes money to make money" is a saying that usually applies to the franchise fee. In this episode of Franchise Hot Seat, Dr. John...

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 va...

DESCRIPTION: Writing a book can be a great way to grow your business, find new leads, and increase income. A well-written book can increase the visibility of your business, attract new customers, and open up new opportunities. However, the process of writing a book can be challenging. If you're considering writing a book, weighing the potential rewards against the effort required to complete...

Franchising can be an excellent way to start a business with less risk. However, it's crucial to understand how it works and choose a franchise that matches your skills and experience. Just because you like eating at restaurants doesn't mean you should automatically buy a franchise, and it's essential to consider your knowledge and skills when choosing a franchise. In this episode o...

Buying a franchise can be a life-changing experience. Becoming a franchise owner is significant, and change (even good change) is always challenging. Make sure it's a positive experience by doing your due diligence before signing a franchise agreement. In this intro episode of the Franchise Hot Seat podcast, Dr. John P. Hayes gave the audience a taste of what the show will offer to the audien...