In our previous article, we discussed how Alexander Hildenbrandt from Stonework Franchising recently sold a million dollar multi-unit deal with just $100 using targeted Facebook advertising and a creatively crafted sales pipeline. In that article, we discuss some targeting strategies that Alex employed in order to attract a specific candidate that is financially qualified and motivated to become an entrepreneur. Alex told me that he felt that because ...
September 26, 2016Chris Wall
Is it really possible to close a million dollar franchise deal with a $100 budget?? It's not just possible, it happened. Alexander Hildenbrandt from Stonework Franchising just did it through a marketing test on Facebook. He sold a multi-unit territory for the brand Cinnaholic. I agree that it's not very realistic that this will happen every time. However, it does prove that if you're targeted with ...
September 21, 2016Chris Wall
It's been a while since we've shared our stories and news with you on our blog. We're sorry for our silence! The preparations for this years Annual Conference has been keeping us occupied. Everyone here at FBA is very excited about what we've assembled for this this years event. You'll have more of what you've come to love and some exciting surprises that you won't see coming. Our theme is set in the old world and we've ...
September 13, 2016Chris Wall
This month we're spotlighting our Bronze-Level Broker of the Year, Sid Lee, the President of Choice Franchise Advisers. Sid became a broker when he joined the FBA in January 2013. He comes from a long career as an executive with Starbucks. He personally experienced what so many people do in corporate America and was RIF'ed (Reduction in Force) because of his age and elevated income. Devastated, and with no income, he was forced into launching his ...
June 24, 2016Chris Wall
Franchise Consultants are the people who help guide potential entrepreneurs to the ideal franchise. The good ones, with whom you want to associate with and can trust, are true advocates and work closely with their clients throughout the entire process -no matter how long it takes. Their goal is to deeply understand their clients and to use their knowledge and experience to best serve them. Cheryl Chiasson is a Franchise Consultant at Franchise Connexion and understands how big ...
May 26, 2016Chris Wall
A business is only as good as its people, process and product (The 3 P's Principle). When it comes to franchising, this principle couldn't be more obvious and important for success. Franchsors are supposed to provide the systems, tools, and support of clearly defined processes that give their franchisees a blueprint for how to succeed. In addition, the franchisees must be properly validated, capitalized, and motivated to achieve their long-term goals. But, what does it really take to develop and a grow a business ...
May 5, 2016Chris Wall
Most parents want their kids to have a better life than they did. They constantly plan for their children's futures from birth through childhood and, in many cases, beyond college. It's not a burden, but a feeling of personal responsibility and an innate desire to provide for their children. Some even take this responsibility beyond their own lives. They seek to build a legacy to ensure that their children will always be taken care of long after they are gone. This ...
April 25, 2016Chris Wall
The Scout & Molly's franchise is a rare find in both franchise concepts and boutique chic storefronts. After only franchising for just two years at the beginning of 2016, they've grown to 60 stores and are expanding nationwide! Powered by the Franchise Development experts at Rhino 7 they are on track to grow another 30-40 units a year. This is a ...
April 13, 2016Chris Wall
I often hear from people who are interested in what it's like to be in business as a franchise consultant. Even other franchise consultants are interested in what others are doing so that they can hopefully learn a few tips to apply to their own businesses. Last year we conducted a case study of Brian Frazier from Apex Business Advisors in his first year in business as a Franchise Consultant. Since the time of the first ...
March 31, 2016Chris Wall
Last moth we shared Robin Rapaport's Top 5 lessons learned from a lifetime of owning a franchise. Robin is now the Franchise Development Director with Tutor Doctor after a long career of being a leading franchisee in the Top 5% of the system. Today she is slicing up the Tutor Doctor opportunity and sharing the key features of the brand that set it apart from the competition. Explain the Tutor Doctor Concept Tutor Doctor was first established in 2000, and after seeing how successful ...
March 30, 2016Chris Wall