Are you buying a franchise to own a business, or are you just getting another job?

In this episode, Erik Van Horn and Jeff Herr challenge potential franchisees to think beyond just becoming employees in their own business. He explores the key difference between buying a business and merely buying a job and why it’s crucial to understand this distinction. Erik shares practical advice for future franchise owners, emphasizing the importance of building effective systems, understanding territory management, and having the right leadership in place.

If you’re planning to buy a franchise, you must learn how to scale smartly, leverage profit-sharing models, and avoid common mistakes that can trap you into working in your business rather than on it. Discover how to turn your franchise into a true business venture!!

“Anything can be semi-absentee if you hire the right people to do the work that you're not doing." ~ Erik Van Horn

In This Episode:

- Jeff's background as a franchisee

- Building franchise equity with the right mindset

- Success strategy: focus on strengths, hire for weaknesses

- Tracking KPIs for franchise success

- Are you attracting the right customers?

- Networking with local businesses for growth

- Collaboration with complementary businesses

- The impact of hiring the right manager for your business

- How hard are you working on your business?

- Final thoughts from Erik and Jeff