As the new year starts, you get excited about new opportunities and a chance to build a better future. You may want to dive into entrepreneurship or invest in 2024, and perhaps you're wondering if that's a good idea.
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If you plan to venture into franchising, valuable insights await you in this episode. Today, Erik and his business partner, Jeff Herr, co-founder & Managing Director of Front Street Equity Partners, talk about their current deals and why they move forward with certain brands and not others.Ā
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They also discuss the trends they see, why some brands may be hesitant to grow too fast, industries that they like and are poised to have a good run over the next decade, and some other stuff that will be helpful to both franchisees and franchisors.
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So, if you want to position your brand effectively for franchise development growth, take advantage of this opportunity to get insider tips from Erik and Jeff.Ā
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"At the end of the day, founders have to do what's best for them, and they also have to do what's best for the brand at the same time."Ā - Jeff Herr
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In This Episode:
- What type of relationship exists between a great franchisee and a franchisor wanting to grow the brand?
- Common challenges franchisors and franchisees face as they grow their business
- The reality about what makes a franchise business successfulĀ
- Three brands that are expanding their reach in different markets and what makes them unique
- Why would a brand prefer to grow slowly?Ā
- How does Front Street Equity Partners help a founder who wants to grow "smart"?
- Industry trends to watch out for in 2024
And more!
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Resources:Ā
š Consult with Erik - https://form.jotform.com/222685728939070
š Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617Ā Ā Ā
š Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617Ā
š Franchisees and franchisors find proven tactics and strategies to scale YOUR businesses - https://scalablefranchise.com/
š Front Street Equity Partners - https://www.frontstreetep.com/
š Tribe of Investors - https://tribeofinvestors.com/
š goGLOW - https://www.goglow.co/
š Magnolia Soap and Bath Co - https://www.magnoliasoapandbath.com/
š Hawaii Fluid Art - https://hawaiifluidart.com/
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Connect with Jeff Herr:
š Website - https://www.frontstreetep.com/
š¼ LinkedIn - https://www.linkedin.com/in/jeffrey-herr-606b74a/
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Connect with Erik Van Horn:
š Website - https://franchisesecrets.com/Ā Ā Ā
š· Instagram - https://www.instagram.com/erikvanhorn/Ā Ā
š Facebook - https://www.facebook.com/erik.v.horn/Ā Ā
š„ Facebook Group - https://www.facebook.com/groups/franchisesecretsfbĀ
š¼ LinkedIn - https://www.linkedin.com/in/evanhorn/Ā
āļø Medium - https://medium.com/@erikvanhornĀ