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.
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.
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.
“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.” - Jeff Herr
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 successful
- Three brands that are expanding their reach in different markets and what makes them unique
- Why would a brand prefer to grow slowly?
- How does Front Street Equity Partners help a founder who wants to grow “smart”?
- Industry trends to watch out for in 2024
And more!
Resources:
🌐 Consult with Erik - https://form.jotform.com/222685728939070
🌐 Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Franchisees and franchisors find proven tactics and strategies to scale YOUR businesses - https://scalablefranchise.com/
🌐 Front Street Equity Partners - https://www.frontstreetep.com/
🌐 Tribe of Investors - https://tribeofinvestors.com/
🌐 goGLOW - https://www.goglow.co/
🌐 Magnolia Soap and Bath Co - https://www.magnoliasoapandbath.com/
🌐 Hawaii Fluid Art - https://hawaiifluidart.com/
Connect with Jeff Herr:
🌐 Website - https://www.frontstreetep.com/
💼 LinkedIn - https://www.linkedin.com/in/jeffrey-herr-606b74a/
Connect with Erik Van Horn:
🌐 Website - https://franchisesecrets.com/
📷 Instagram - https://www.instagram.com/erikvanhorn/
👍 Facebook - https://www.facebook.com/erik.v.horn/
👥 Facebook Group - https://www.facebook.com/groups/franchisesecretsfb