Podcasts about business ownership

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Latest podcast episodes about business ownership

Roadmap To Grow Your Business
Ep #379: Consultants & Referrals

Roadmap To Grow Your Business

Play Episode Listen Later Sep 16, 2025 34:24


"Referrals from people who already know us, like us, and trust us close faster than organic leads." Join me as I chat with Mindy Flanigan and Richard Carlton from Inspiring HR about their journey through the Referral Accelerator program. Learn how they turned their referral challenges into opportunities for growth. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/379

Make More Work Less podcast
The Brutal Scan

Make More Work Less podcast

Play Episode Listen Later Sep 16, 2025 12:48


What could really become a risk in your business.  It is a step beyond the traditional SWAT. The risks you uncover can be a huge growth opportunity. Do you want help with the brutal scan of your business?  Take advantage of a complimentary business strategy session to discover the opportunities in your business! Book a strategy call today! https://actioncoachwi.com/contact-us/ Daily Dose of Business: https://actioncoachwi.com/daily-dose/  Sign up today! 12-Week Management MasterClass: https://actioncoachwi.com/management-training/   Sign Up Today!

The Business Ownership Podcast
Maximize Business Value - Tristan Tahmaseb

The Business Ownership Podcast

Play Episode Listen Later Sep 15, 2025 26:05


Do you really know what makes your business valuable to buyers? Would your company attract the right buyer if you tried to sell today?In this episode of The Business Ownership Podcast I interviewed Tristan Tahmaseb. Tristan Tahmaseb is a Director at ButcherJoseph & Co. He helps founder- and family-owned businesses navigate complex ownership transitions, from M&A to ESOPs and recapitalizations. With over $2 billion in advised transaction value, he's known for pairing technical expertise with a passion for legacy-driven succession planning. Tristan is an advocate for broad-based employee ownership and serves on the Finance Advisory Committee for The ESOP Association. Named an “Investment Banker to Watch” by Middle Market Growth, he's a Harvard graduate and a former collegiate football player, bringing both strategic insight and competitive drive to every deal. If you've ever thought about selling—or just want to know what buyers really care about—this episode is for you.Learn how to maximize your business value. Check this out!Show Links:Tristan Tahmaseb on LinkedIn: https://www.linkedin.com/in/tristan-tahmaseb/ButcherJoseph & Co. Website: https://butcherjoseph.com/Book a call with Michelle: https://go.appointmentcore.com/book/IcFD4cGJoin our Facebook group for business owners to get help or help other business owners!The Business Ownership Group - Secrets to Scaling: https://www.facebook.com/groups/businessownershipsecretstoscalingLooking to scale your business? Get free gifts here to help you on your way: https://www.awarenessstrategies.com/ 

Blue Collar Millionaire Podcast
Breaking Free From Six-Figure Salaries to Business Ownership

Blue Collar Millionaire Podcast

Play Episode Listen Later Sep 12, 2025 14:42


What does it take to leave behind a secure six-figure salary, student debt, and the “safe” path… to take a leap into business ownership? In this episode, Kevin and Chris sit down with Mike Jackson and Matt Nettles - two ordinary guys with steady jobs, families to provide for, and everything to lose. Instead of playing it safe, they bet on themselves, bought a business, and began building a new future. Inside this conversation:

Be It Till You See It
574. Why Franchising Represents a Better Path to Business Ownership

Be It Till You See It

Play Episode Listen Later Sep 9, 2025 43:09 Transcription Available


Lesley Logan sits down with Jon Ostenson, author of Non-Food Franchising and CEO of FranBridge Consulting, to explore why franchising—especially beyond the food industry—is one of the most underutilized yet powerful paths to entrepreneurship. Jon shares how franchising gives you proven systems, built-in marketing, and a peer network, while also revealing what green flags (and red flags) to look for when evaluating opportunities. You'll walk away seeing franchising in a whole new light—with clarity and confidence.If you have any questions about this episode or want to get some of the resources we mentioned, head over to LesleyLogan.co/podcast https://lesleylogan.co/podcast/. If you have any comments or questions about the Be It pod shoot us a message at beit@lesleylogan.co mailto:beit@lesleylogan.co. And as always, if you're enjoying the show please share it with someone who you think would enjoy it as well. It is your continued support that will help us continue to help others. Thank you so much! Never miss another show by subscribing at LesleyLogan.co/subscribe https://lesleylogan.co/podcast/#follow-subscribe-free.In this episode you will learn about:Why franchising can be a faster, safer path to business ownership.The surprising industries thriving in non-food franchising.How semi-passive franchise models allow people to day jobs while building a business.The real numbers behind startup costs, royalties, and profit potential.Green flags and red flags to watch when evaluating franchise opportunities.Episode References/Links:FranBridge Consulting - https://franbridgeconsulting.com/Jon Ostenson on LinkedIn - https://www.linkedin.com/in/jonostenson/Jon Ostenson on Facebook - https://www.facebook.com/JonOstenson1/Jon Ostenson on Twitter - https://twitter.com/Jon_OstensonJon Ostenson on YouTube - https://www.youtube.com/@JonOstensonFBCBook: Non-Food Franchising by Jon Ostenson - https://a.co/d/29XayrQGuest Bio:Jon Ostenson is the Founder and CEO of FranBridge Consulting, which ranked 584th on the Inc. 5000 list as one of the fastest-growing companies in America. A former corporate executive and past President of ShelfGenie, Jon has sat on all sides of the franchising table—as franchisor, multi-brand franchisee, and now trusted advisor. Widely recognized as a leading voice in non-food franchising, he has helped thousands of entrepreneurs and investors explore opportunities across industries such as home services, wellness, senior care, and pet care. Jon is also the bestselling author of Non-Food Franchising, a practical guide for building wealth and business ownership without starting from scratch. Through FranBridge, he connects clients with over 600 vetted franchise brands and provides strategic, hands-on support at no cost to the client—helping them step confidently into semi-passive investments or full-time business ownership. If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. https://lovethepodcast.com/BITYSIDEALS! DEALS! DEALS! DEALS! https://onlinepilatesclasses.com/memberships/perks/#equipmentCheck out all our Preferred Vendors & Special Deals from Clair Sparrow, Sensate, Lyfefuel BeeKeeper's Naturals, Sauna Space, HigherDose, AG1 and ToeSox https://onlinepilatesclasses.com/memberships/perks/#equipmentBe in the know with all the workshops at OPC https://workshops.onlinepilatesclasses.com/lp-workshop-waitlistBe It Till You See It Podcast Survey https://pod.lesleylogan.co/be-it-podcasts-surveyBe a part of Lesley's Pilates Mentorship https://lesleylogan.co/elevate/FREE Ditching Busy Webinar https://ditchingbusy.com/Resources:Watch the Be It Till You See It podcast on YouTube! https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gLesley Logan website https://lesleylogan.co/Be It Till You See It Podcast https://lesleylogan.co/podcast/Online Pilates Classes by Lesley Logan https://onlinepilatesclasses.com/Online Pilates Classes by Lesley Logan on YouTube https://www.youtube.com/channel/UCjogqXLnfyhS5VlU4rdzlnQProfitable Pilates https://profitablepilates.com/about/Follow Us on Social Media:Instagram https://www.instagram.com/lesley.logan/The Be It Till You See It Podcast YouTube channel https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gFacebook https://www.facebook.com/llogan.pilatesLinkedIn https://www.linkedin.com/in/lesley-logan/The OPC YouTube Channel https://www.youtube.com/@OnlinePilatesClasses Episode Transcript:Jon Ostenson 0:00  Lesley, franchising is not right for everyone. I think there's some people that, to your point, are too entrepreneurial that want to put their thumbprints all over a business. And you know, it may not be a good fit for them. However, for the vast majority, it's my humble belief that franchising represents a better path to business ownership.Lesley Logan 0:15  Welcome to the Be It Till You See It podcast where we talk about taking messy action, knowing that perfect is boring. I'm Lesley Logan, Pilates instructor and fitness business coach. I've trained thousands of people around the world and the number one thing I see stopping people from achieving anything is self-doubt. My friends, action brings clarity and it's the antidote to fear. Each week, my guest will bring bold, executable, intrinsic and targeted steps that you can use to put yourself first and Be It Till You See It. It's a practice, not a perfect. Let's get started.Lesley Logan 0:53  All right, Be It babe. I have a topic we have never touched. I'm so jazzed about this, I actually found it really, really fascinating. And this year is like my year of being curious and understanding more and more about businesses as our business continues to grow. And so when I met Jon Ostenson, I have so much more knowledge, so much more understanding, so much more excitement and inspiration. And I really wanted to bring this to you, because I know how many of you are like, wanting to make other income, wanting to make more income, one of the questions I get all the time is like, how do I make passive income? How do I have another income stream? I know that managing your money in stocks can be overwhelming, and so I wanted to bring a whole topic to you that I think could be really, really fascinating. So Jon Ostenson is the author of Non-Food Franchising. His company is FranBridge Consulting and so we're gonna talk about franchises. And if you're like, oh, this could be so boring, I promise you, it's anything but boring. It's quite fascinating. Even if you never go into this, you'll actually like, look at franchises and different businesses in a whole different light. And I found it to be really eye opening. And I feel like a lot of my friends should be doing this, and I don't know, maybe, maybe I'll create a portfolio and do this too, but I now have so much more understanding, and I'm really excited for you to have that, because to be it till you see it in anything, the first thing we need is have answers and understanding and also some curiosity in a topic we might not have known anything about. So if you've been wanting to start a business, maybe instead of starting something new, you actually want to franchise and so here is Jon Ostenson. Lesley Logan 0:53  All right, Be It babe, I'm really excited. I've read the book by our guest today, and this is a really interesting topic we have never talked about, and I've always been slightly interested in, and now I'm even more intrigued. So Jon Ostenson is our guest today. Can you tell everyone who you are and what you rock at that's so unique, so niche and so wonderfully that we need to talk about it? Jon Ostenson 2:40  Yeah, absolutely, no. Jon Ostenson, here in Atlanta, Georgia, I've got three young kids I chase around on a daily basis, but you know, I spend most of my time helping my clients find the right businesses for them. And so, you know, we work with over 600 different franchise brands, and what I call Non-Food Franchising. So it's all these industries outside of fast food that incorporate franchising. And yeah, it's entirely free to work with us, and I get to help our clients navigate, what are the top opportunities given their background, their interest, what they're looking to do? What are those top available opportunities in their market that can be a fit for them?Lesley Logan 3:11  I so I really, this is, like, really interesting, because first of all, of course, growing up, I only knew like, food franchisers, and I'm just not into cleaning a kitchen. So, like, that was, you know, different. And then also, like, in my industry, there are now, like, franchises in in the Pilates world, but there's always been franchises in the fitness world. And I guess, like, I guess where we could start is, like, wait, why would someone do a franchise versus, like, start their own non-food business, you know, like, what, what would be like, the things that they're thinking about? Because one of the reasons I want to have you on is, we have had a lot of coaches who are entrepreneurial. And I also think, like, not everyone is an entrepreneur, but also I don't want to, like, tell people that, like, I think they need to figure that out for themselves. So why would someone franchise versus start something themselves?Jon Ostenson 3:59  Yeah, great question. And you know, franchising is not right for everyone. I think there's some people that, to your point, are too entrepreneurial, that want to put their thumbprints all over a business, and you know, it may not be a good fit for them. However, for the vast majority, it's my humble belief that franchising represents a better path to business ownership. You know, you've got a lot of things already in place. You've got a proven business model that's been successful in other markets. You've got a coach on the sidelines in that franchisor that's supporting you and their team. You've got other franchisees that are living the same thing day in, day out, in their markets. You're constantly exchanging best practices. You're in business for yourself, but not by yourself. And, you know, being able to step into a business where on day one, the marketing is pretty close to optimized because they know how to run, you know, and the franchisor is doing a lot of that for you. You've got efficiencies and supply chain, and there's just a lot of opportunity that franchising opens up. And what I tell our clients is, hey, you may double down and triple down on franchises and build a whole empire of franchises. A lot of our clients do, or you may decide, hey, after franchising, let's go start my own business. I guarantee you that next business is going to be better for having had that franchise experience and understanding, how do you stand up a business, what are the best practices in the processes that go around it? Lesley Logan 5:09  Yeah, I mean, like, I think that's really cool, because I remember, you know, when I wanted to, first of all, when I became a Pilates instructor, I never thought I'd own a studio, because I worked at a I rented from a studio, and I saw how much stress she was under, and then I worked for a company, high end fitness business, and I got to run a studio for them. And I was like, oh, this is so nice, just to have everyone tell me the budgets, and tell me how much people are getting paid and and do all the do all the math, and then I can just do the thing that I really love. And so in a way, that's kind of like what you're saying, like a franchise is a proven like, it's a business that's already been in existence. It's proven, like, who they're for, what they do, how they market. And so you get to kind of hit the ground already running, in some ways, am I right?Jon Ostenson 5:53  Yeah, you start on third base instead of first. You're not having to test everything now, in exchange, you're paying a royalty back to the franchise or right? And franchising is just like everything. Not every company is created the same. Every industry has got good players. You've got ones that aren't as strong. That's where we come in to help our clients really identify the companies that are providing the most value, that can get them to where they want to be.Lesley Logan 6:13  Yeah. So I guess, then I guess maybe I should have started with, what is a franchise. Maybe I should have started there. And then also, if you can talk about, like, do, do companies that are franchises, they have already been in business before they're selling off businesses, or they they start out that way, like, do you get it on the ground level? Jon Ostenson 6:34  Yeah, well, hopefully they've already proven out the model, at least in one location, if not in multiple locations, you know. And they're well capitalized, they've got a team to support franchisees, but no franchising at its roots, you know, it's really three things. That's, it's a shared brand, we all know that. But then it's, you know, that there's a system, and there's guidance, and there's value being provided from a home office to that franchisee, to that location. The franchisees give me some sort of payment back in the form of a royalty, typically, to that franchisor. So it's really those three things. So there are companies out there that are probably operating as franchises that may not have franchise, but technically, that's what a franchise is. And again, when I say the F word franchise, people think fast food. I mean, that's what comes to mind. But there's so many different industries out there outside of food, and I've got nothing against the food guys. We need them. We support them. But again, there are easier ways to make money that may require less employees, less operating hours, that may carry higher margins because you don't have the food waste, they may be less susceptible to consumer whims. I always say that frozen yogurt was big until it wasn't. Most of our clients are liking opportunities that aren't trendy. They're not going out of style, and they'll always be mainstream.Lesley Logan 7:46  Yeah. Can we talk about like, what are like some of the, what are some of the non-food franchise like, either if you want to name names, or if you want to name like areas of business? Because maybe it would help people to hear like, there, there's actually franchises in an industry they already have experience in. Jon Ostenson 8:01  Yeah, you know. And I'd say 90% of our clients get into something in an industry they don't have experience in. And that's the beauty of franchising, is it allows for those pivots, but you take the transferable skill set. So yeah, examples there, we're seeing a lot of interest, I'd say in the general theme, it's businesses that will do well regardless of the economy, regardless of tariffs, regardless of, you know, other exterior factors. And so it's things that people will always spend money on. So home and property services are a huge area. Health and wellness. McKinsey just came out with a study saying it's now a $480 billion a year industry in the US, growing at 10% so health, you know, wellness, is now mainstream, which I know you would agree with it's categories like kids, pets, seniors again, things that people will always spend money on regardless. And you know, within these there's so many different niches. I mean, I can just, you know, I'm thinking of in-home senior care. We have a lot of clients doing that, but then I've had clients that have been placed there that came back said hey Jon, what's a tangential opportunity that can tag onto this, and I introduced them to one that provides wheelchair ramps and stair lifts and retrofitting within a home, allowing people to age in place. Youth soccer, I've had so many clients do well in youth soccer, tutoring, kids-related, pets, everything from pet grooming to pet boarding to dog training, you know, but. Lesley Logan 9:19  That's crazy, because I would never have thought those things. And also, like, I because we travel around the world. We were talking about that before we hit record, I find myself, like, like, in shock. Sometimes I see a business and I'm like, like, how much did they need to get started? You know? Because, like, what I love about like, like, one of the things that kept me from starting my own studio is, like, just the barrier of entry. I didn't know how to read a lease, I didn't know what kind of insurance I needed to have outside of what the insurance I had as a renter. I didn't know that. And then I had to, like, buy all the equipment, and then it's like, oh, like, literally, my clients came the first like, where's the trash can? I was like, oh, yeah, we need a trash can. Like, you know, you know, right? Like, I was like, I was like, flying by the seat of my pants. But like, what you're saying is, like, I, if I was like, I need a change in my life, or I actually just want to have something that's working alongside what I'm already doing, I can go into another industry, and then they already have the blueprint. So, like, I already know how much it's going to cost me to go all in. I know how much it's going to cost me to run it, and I also have an idea, in theory, at least as I learned this from your book of, like, what I could make off of this investment, which is a little different than stock market, like you think. I mean, we all hope it's going up right now, we're riding a different wave. But, like, but like, you know, so am I right when I say, like, there's like, a nice blueprint there that kind of allows you to know more about what you don't know? Jon Ostenson 10:43  Absolutely. No, you go in and you know, nothing's ever a sure thing, right? I never want to pretend like it is. Business ownership is hard. It takes work. If it was easy, everybody would be a business owner. But franchising does make it a lot easier and a lot more predictable, right? I mean, that's why banks love providing SBA loans to franchises over startups, right? It's just more predictable, and the success rates are obviously a lot higher all the data shows, you know, but I'd say, going in, you know, there's a whole exploration process, and that's where we take our clients through, hold their hand as they're having these conversations with their franchises. You know, learning a lot, asking good questions. They, they get a chance to talk to other franchisees in that system before they ever buy. You know, they get kind of the inside knowledge. They get a franchise disclosure document, which is the history of the franchise and all the information. And to your point, the financials on the all in investment. And you know, there's going to be some variability in there, but it outlines that, and then talks about the historical financial results, what you could expect to make if you execute according to plan. And so you know, you can make disproportionate returns on your investment. Again, because you're, you're putting effort in, right? If it was just thrown in an index fund, you know, you're not going to be able to make, you're going to be capped at what you can make. However, with this, you also get the tax benefit. So it's really a, I call it the trifecta. You're, you're building towards cash returns. You're obviously building an asset that's going to have exit value down the road, and in all likelihood, you'll sell to another franchisee in the system. That's very common. And then third, you get the tax benefits of business ownership. And if you have a W2 job or spouse with a W2 I mean, this could be a great offset. I mean, there's so many levers that the government set up the tax playbook to incentivize business ownership.Lesley Logan 12:19  Yeah, well, one of the reasons why we love being a business owner, I definitely enjoy those. I want to, like, just kind of tap into something, because you talked about, like, being a W2. So realistically, how many people do you know, like, have a job and then have a franchise that's successful? Like, are they overworking? Are they 120-hour work week kind of person? Or, like, is that a normal thing that people can do?Jon Ostenson 12:43  Roughly half of our clients start out with a manager in place. It's what franchising would call semi passive or semi absentee or executive model. I always want to say hey, stop. You know, let's not sugarcoat this. It takes work to stand up a business. You know. I don't want to ever pretend like it doesn't so, you know, it is very doable within a franchise system, because you've got a franchisor and their team supporting that manager that you put in place on a day to day basis, they can answer a lot of the questions and kind of hold their hand. So it takes some of the burden off of you. So much of it your ramp up time and success comes down to who you put in that place. You can have a great vehicle, you still have to have a great driver, so someone that has fire in the belly that you incentivize. You know that's a hard worker. They can make your life very easy, but if it's not the right person, you can find yourself with some headaches and leaning in. So I'd say that is the biggest variable that I see. But I've got so many success stories of clients that have gone that path. I should always want to make sure that they go in eyes wide open, that in the early going especially, it will take work.Lesley Logan 13:43  Yeah, yeah. I mean, like, I think that's really important. Okay, let's just take, take a step back, Jon, how did you get into doing this? Like, did you, did you always know, like, you would be in franchises? Like, did you fall into franchises? Like, tell us the journey that got you here. Jon Ostenson 13:56  Yeah. You know, like so many of your listeners, I spent many years in the corporate world, and you went to grad school and did all the things you're supposed to do as a W2 and had a great run. But, you know, had that desire, like so many, to be a business owner and to do something more entrepreneurial, and didn't know what it what it looked like. And I really fell into franchising. So about eight years ago, I left the corporate world, assumed the reins of a business called Shelf Genie, which is a large franchise system. I served as their president, supporting our home office and all of our franchisees, and I really fell in love with the franchise model through that experience. And I just saw how so many different backgrounds got involved in a shared system because of the support that we were providing. So long story short, I partnered with the founder of that company. We spun off. We've invested in franchises ourselves. I've continued to invest in franchises on my on my own outside of that, so I've been a franchisor. I am a multi brand franchisee as well, and started the consulting practice about little over six years ago, and now I give it most of my full time focus, and just love helping others connect the dots, because I just hear the same conversations every day. So many people, oftentimes midlife, they're saying gosh, you know, I've looked around. And they all know some business owners, and they see them out playing golf or, you know, going to their kids activities. And they say, there's a little bit of FOMO, right? And, but they say, I don't have that genius idea. I'm a little risk averse. I don't know where to start. That's where I come in and say hey, look at all these other people that have done done this through franchising with similar backgrounds, and here's why it worked for them. So absolutely love helping them. I personally, on the franchisee front, this just shows a little bit of the variety out there. I kind of like home and property services personally. So I've got one business that works on parking lots. It provides asphalt paving and line striping, you know, non sexy need based industry, right? I've got another one, is almost like an equipment rental business. It provides temporary walls like containment walls around renovation projects and construction sites. It's a great B2B business. I've got one that this is kind of more in the health and wellness genre. It's uses 3D printing to provide custom inserts and insoles for shoes, right? It talked about a niche, right? But we cater a little bit to the older population. So I've got it down in Delray, Florida, which is a great market. I've got another one where I'm on the franchisor side, I'm invested that provides custom pull out shelving for your kitchens and pantries and stay at home moms are great for that business. They're great designers. They can work when they want to and go in and be very conversational, and it's just cool that, you know, we're creating a lot of jobs out there and helping a lot of communities.Lesley Logan 16:28  Okay, that is so all of those things, I would not have thought that, like, those are franchises. I guess I just thought, like, some guy in Las Vegas, like, start a business, like, putting fences, you know, and then it's like, but then I do see like, oh, it's a company. And then you're like, how, like, how, who got into, like, having a business in every city that has, like, fences. But now that I'm like, you know, now that the wall been pulled over my eyes, I can under, away from my eyes, I can see like, oh, these are companies that got started, and then they had success, and then they basically created a blueprint that they could sell to other people, and then that's how they spread their wings, because they've got good systems in place. And then people like you, or people like listening are like, Oh, I could do that. I actually, like, I have the funds for that. I like that area, or, you know, I can have the time for that. I just wouldn't have thought that those are those. There's things out there. And I was reading your book, one of the things that we all have to realize is, like, there's a massive population of people who are getting older, and there is not enough like services for them, and so like to be able to get into a franchise that is like servicing those people that they for a necessity they need. It's kind of nice, I guess. I have a question, how much of what you have to do as a franchisee, as far as the marketing goes, like, are you curating the marketing? Does the franchise or that's the parent company, right, like the owner, do they come up with a marketing strategy and you just, like, put it out there. Like, I guess I'm wondering, like, how much of it do you be creative? Because I have a lot of people like, I want to do this, but I hate social media, or I hate writing a newsletter, or I hate doing the the money and the taxes, like, how much does the actual franchisor do for you? Jon Ostenson 18:06  Yeah, it certainly varies, but I'd say in most cases, the franchisor leans in pretty heavy on the marketing side, and that's one of the value adds they're bringing. So they're creating collateral and brand standards and customizing things for you for your location. But you know, typically they have an in house marketing team. They may partner with an outside digital marketing firm that's running all your Google ads and social media ads and such. Oftentimes, they encourage you to get involved on the organic side of social media. So it's, hey, I've got a home show coming up. Hey, look at this great job. We just got a five star review. But again, if you need help with that, most of them are able to lean in pretty heavy, because I do have a lot of clients like you said that they hey, I don't want anything to do with marketing or lead generation. And I, you know, in some cases you have franchises that have national accounts. I mean, that's a great lead generator. In some cases, they have an in house call center that's actually sometimes making outbound calls, or, at a minimum, taking inbound calls, setting appointments for you. So, you know, as you go through the expiration process, you want to say, what, what value is that franchisor providing for the royalty that I'm giving them? And, you know, make sure that there's tangible things that they're doing for you, oftentimes on the marketing side as an example.Lesley Logan 19:11  Yeah, okay, you talked about royalties, I guess, for the person who doesn't understand what that means. What is that? And then what are we what can someone expect on like, maybe not like the best end, but like an average, an average earnings.Jon Ostenson 19:26  Yeah, so I'd say six to 8% royalty typically is common in revenue, and when you look at financial projections of a franchise system, they're always going to net out for that royalty, right? I mean, that's part of the business model. But again, those are oftentimes expenses that you would be paying on your own elsewhere. From an earnings standpoint, well, first off, from an investment standpoint, I mean, we have some clients who are getting into big seven figure deals, but most people like when you look at service-based businesses and you're all in investment, your franchise fee, startup costs, several months of working capital, oftentimes you're in the 150,000 to 300,000 range, all in. And some of our clients are using cash, most like the idea of using an SBA loan, where maybe they put in 50,000 cash and then they use an SBA loan for the balance. Some are using an old 401-K from a previous employer, and rolling that over, which is very doable through what's called the ROBS program. So we help them with all of that. But from an earnings standpoint, it definitely varies. You always want people to take a conservative approach. There are businesses that will start cash flowing as early as three months in. Oftentimes, what you see is maybe six months, six to 12 months, somewhere in that range. Again, we always want to be conservative, but no you can make disproportionate returns. So let's say your all in investment was 200,000 from their businesses out there, where you can conceivably do a million dollars for first year. I mean, there are a good number of those. And oftentimes you're kicking off 15 to 20% to the bottom line. So call it 150 to the bottom line. And you may not get that in year one, but that may be your run rate at the end of year one. So 150 on an investment of 200,000 that's 75%, and then you're doing, you're doing that every year, and you're going to sell that business down the road. So again, but you're putting effort in, right? Lesley Logan 21:01  Right, well, well, and it's like, like, I'm just, like, just forever. I, when I opened up my studio, which was a small studio, I, no, my bank did not give me a loan. I've been in business for so many years, like, look, I make, I make over six figures, and I just want, like, a $40,000 loan. And they like, laughed in my face, so I used a credit card. But it was, the investment was like, $40,000 in equipment, all I had to do, and then obviously my rent and everything. And of course, yes, I, because it was on a credit card, I paid that shit off. But, but like you do only have to, ideally, only buy that equipment one time, right? So there's that. But to to your point, like the money that or time I had to spend on marketing my business, on coming up with the marketing, on testing it out, on doing all that stuff, on also collaborating, also doing the organic, also all that stuff, it starts to go sometimes you're like, it would be nice if someone could take this off. And even if you're like, oh, let's all just hire an agency. Y'all, I have talked to marketing agencies. They are not just 6% like some like, you know, when you think about, like, the marketing agency and the account and the organization and the hiring practices and the onboarding, all that stuff costs money, and so sometimes it's kind of like, it's almost like it's 50% it's 50 one way, 50% one way, half it does another. It's kind of like, if you really want to make your own thing and be your own thing, then go do your own thing, and you'll have all the same expenses. But I can't believe, and I don't know, I can't believe it that an SBA loan would be easier to get if you're in a franchise. But it makes sense, because there's a proven track record from all the other businesses, and the SBA is like, oh, this is like, very risk free. It took us a pandemic to get an SBA loan because they were just giving them away. And then recently, a lovely bank helped us get an SBA loan. But, like, it's not easy when you work for yourself and a non proven kind of a thing to get loans. So it sounds really cool that that would be an option for people. Jon Ostenson 22:51  Yeah, and probably two thirds of our clients use them. We really don't have issues getting them. As long as you have semi decent credit, then you know, they have that confidence in the franchise.Lesley Logan 23:00  That's so cool. That is really cool. Okay, so I guess you know there's, there's probably people going, oh my gosh. Like, I don't know. Like, I'm not confident as a business owner. Do you have to have, like, would you suggest, like, you have to have some sort of management experience, or do you have people who, like, do the franchisers like, support you in leading a team and how to lead the business that you're doing. Or, like, are you having to figure that yourself? Jon Ostenson 23:26  Yeah, there are some franchises where you really don't have to have a team. You know, you can be kind of a solopreneur in a way, or maybe have an assistant. Most of them do involve people. And people always ask me, what, what does it take to be successful in franchising? And really, it's two things. It's one, you're good with people. You don't have to be great, but you have to be someone that people want to work with, work for work. So that's just Business 101, and then secondly, your willingness to follow a system, where I see people get in trouble in franchising is that they come in and they think they're the smartest guy in the room, and they don't have the humility to actually learn from others and to follow a system, even if they have questions. When I was at Shelf Genie, our best franchisees were the ones that followed the system the closest. That sounds so cliche, but it's true. Lesley Logan 24:04  I mean, just being in business myself for 15 years, like, how, like, there are some days I'm like, I just wish there was a fucking blueprint that I could just wake up, follow, like, there's days and I'm like, so I can't imagine, like, not only take advantage of that, but I guess, like, maybe that would be the person who wouldn't be right for franchising, and maybe they shouldn't have gotten into it in the first place.Jon Ostenson 24:29  Yeah, no, I've seen clients do very well within a franchise system, and then, you know, I had a client that didn't do well in it, and the feedback from the franchisor was said, what's going on? Why is it working for them and not for them. You said, we've coached them, we've done everything we can, but they're not willing to follow the system. (inaudible) But certainly, if you have any business experience that you know, those transferable skill sets definitely help and maybe give you a leg up. But I've got plenty of clients, you know, doctors or a big client, mainly clientele of ours, most of them don't have business experience. They may be really, they're like, smart and smarter than their little niche but they don't have that business experience. They love the idea of, they know how to learn, and they're willing to learn, and they're willing to follow the playbook the textbook. Instead, they come in and they say, Hey, we want to flex that intellectual muscle. And most of them are keeping the day job. You know, they've invested too much to walk away from that. But they put a manager in place, and they go out and run a restoration business, or a mobile pet grooming business, something that allows them to flex that intellectual curiosity a little bit.Lesley Logan 25:29  That is so cool. I just think it's so cool, like I was, I never thought about, I'll be really nice, I actually never thought about owning a franchise. I have been wondering and been very curious of like, what if I wanted to open up something that I made into a franchise like that has been on my mind a lot lately, but the more I read your book, the more I'm like, what a cool investment strategy. Like, you know, just to diversify how you're investing for retirement and wealth, and, like, generational wealth. I don't have any kids, but like, it would be cool to have have have another way of having an income stream or or a way of growing wealth without having to, not that it's not work, but also just not rely solely on, like, what my wealth manager is doing with my stocks.Jon Ostenson 26:13  Oh, because so many of our clients do have kids or family members that they plan on bringing in on the business over time and kind of setting an example for them to learn from as well, and of taking a risk, if you will, a calculated risk. But now from an investment standpoint, I'm an all of the above investor. I invest in real estate and energy and the public markets and private credit. I encourage people to do all that. I just think the business ownership can have a unique place in that portfolio, and there's a whole lot of tax benefits and other synergies to come from that. So I'm not against any of those other investments. I just think it's an all of the above approach. And a lot of our clients invest in real estate too, some more actively than others, but there's a lot of synergy between those two, I think, from a mindset standpoint, from a tax advantage standpoint, and then directly from an industry standpoint, a lot of these businesses support real estate.Lesley Logan 27:00  What are some, like, green flags about a franchise, or some red flags, like, what are some things that we would like? You'd be like, oh, this looks really this looks really good. I think a client would do really well with this. And then what are some like, ooh, maybe, maybe watch this one, or don't, don't sign up for that.Jon Ostenson 27:16  You know, certain the brand is more important in certain industries. I mean, certainly, food, hotels, things like that. You know, but in a lot of industries, I think about insulation, that's a $50 billion a year industry, no one can name an installation company, right? And so that's less important. But still, some of these industries, you know, if it's a household name brand, then it's probably sold out in all the good areas of your market, right? And so oftentimes, we find ourselves working with more emerging franchises. You know, they may have five locations, 25 locations, 50 locations. Yes, they haven't been around forever, but they're growing fast. And really, the what I look for there, it's the competitive advantages, it's the financial models got to be very robust, because you have a smaller sample size to look at. You've, you know, the early franchisees have to be saying positive things about their experience. But then a lot of emphasis I put on those companies is the leadership team. I want to see a good blend of industry experience, but also franchise experience represented on that team that's essentially going to be your business partner. So I would say that the people involved on the other end, I can't underestimate that enough. That's something I emphasize with our clients. Let's vet them. Those are the ones that you want to have a good relationship with that are going to be supporting you day in, day out. You know. I would also say, you know, make sure that, if it's an early stage franchise, make sure it's well capitalized. You know, they've got plenty of assets in the bank. I have seen companies, at times, rush into franchising thinking it was their gold mine and they needed to have a pot of gold going in, because it's expensive to franchise, but no, private equity loves franchising, you know, they they invest strategically at the franchisor level very oftentimes, just they love the model and kind of these industries that they play in. There's a lot of smart money getting involved. But I always encourage people, you know, and that's why we set up our exploration process the way we did. And, you know, I'm essentially a real estate broker buffer franchises, and so I help our clients understand what's going on behind the scenes, how to think about this, the questions to ask, provide them with a lot of resources, and then we simply get a referral fee from the franchise brand on the back end when a placement happens, like a real estate model, you've got the seller, and none of that's passed on (inaudible).Lesley Logan 29:17  So that's why you're free. Because, like, I couldn't believe it. I was reading the book, and I was like, because to me, you know, one of the one of the big hurdles for a lot of people is like hiring a coach to help them make the best decisions. You have to have the money for that and hope that it works, but to work with you, you know, it's just free for for the person wanting to work with you. So like, you get paid because the franchise company pays you like a real estate so, got it. Jon Ostenson 29:40  For them, it's a sales and marketing expense. None of that's passed on to our clients at all. So you know, whether they go directly to a brand or go through us, they're paying the same franchise fee. So it's a nice, it's really a great model, and, yeah, we're able to help a lot of people through it. Lesley Logan 29:58  That is so cool. Yeah. I mean, so you did this six years ago. Okay, so you started right before everything shut down. Like, can we just go back? Was it, what was the be it till you see it, or what would, like, the things you had to do? Because, like, my goodness, during that time, a lot of franchises could be open. A lot of franchises had, like, limitations. Did you worry that, like, this was going to all, like, be affected negatively. Like, did you see the light at the end of the tunnel? Tell me about it. Jon Ostenson 30:25  Yeah, you know, just like everything, we're all questioning what's going on there for a few weeks, but then as soon as the dust settled, I mean, the franchise deals started happening again, and people started jumping back in. They said, I want something that I can be in control of, and I really don't want to go back to the office. I really, you know, a lot of people took time to think about what they wanted to be until they saw, you know, and they said, you know, that's the time a lot of introspection, which led to a lot of people saying, maybe now's the time. If I don't jump now, when am I ever going to do it? So, you know, there's a lag effect. Some of those late adopters I'm still having calls with now. They're like, I've been thinking about this for years, and most of them are realizing there's never a perfect time to jump into business ownership. But, you know, good number of them realize, hey, now's as good of a time as ever, as ever. And yeah, for me, you know, I love what I do. I've had teams in the past of, you know, 50 employees, and you know, I can do that, but that's not what I love doing. What I love doing is working with clients. I love strategy. I love seeing business models being out there at the tip of the spear, and so I've really structured my business now. I had that vision early on that, hey, I'm going to play to my strengths and how I want to spend my time, and that's what I've built. So yeah, love our model and how I get to help people and engage with clients all day.Lesley Logan 31:35  Yeah, so in that because, like, we talked to a lot of people get really passionate. And I think what, especially when I work with studio owners, like, sometimes their passion becomes like a prison because they like, stop taking care of themselves to like, do their passion like, how do you prioritize yourself so that you can have the mindset and the wherewithal to help the people that you like to help?Jon Ostenson 31:54  Yeah, I'm probably one of the more intentional people that you'll meet in that regard. You know, I think through things in the area of five domains, you know, faith, family and relationships, but then also finances, fitness and franchising. So my 5F framework, if you will, you know, but I'm constantly evaluating and balancing, you know, how my day is spent in each of those so, you know, work out on the fitness side. You know, the trainer a couple times a week, and got my infrared sauna and cold plunge and red light and all that here in the office. And, you know, coach my kids teams, you know, teach their Sunday school. You know, try to balance everything and very blessed, very thankful for what I get to do, and that allows me to do the other things I want to do. And I will say I'm the hardest boss I've ever had. You know, business ownership isn't easy. I work myself hard, but there's so much flexibility, and I'm just thankful. I pinch myself every day having had a W2 job for many years, I could, can never imagine doing that again.Lesley Logan 32:48  Yeah, I understand that. Okay, this is a really, like personal story we had. Our health insurance company is contracted with another company. Maybe it's a franchise that, like, comes to your house to, like, do, like, your physical, which is, like, just the meetup, just the heart, the lungs, just the blood pressure, and then, like, talk to you about, like, what doctors you want to see this year. And the whole time I was like, this feels like a scam. Are you casing the joint? Like, what are? What are? I'm like, I feel like this, this is too good to be true. And then they left and my husband are just like, let's just pretend it's not a scam. How lucky are we that we could set aside the time in the middle of a workday at our home to, like, take care of our health, and then, like, go back to doing the things we love everyday. Working for yourself is, like, the hardest thing, even if you work for yourself, for your own franchise, like they're running a business is, you know, there's only so many days where there's not an obstacle. You're like, what the fuck just happened there? But when you are realizing it's all part of the plan that you set out, like when you actually got what you wanted, it is worth pinching yourself. So I love that. Thank you for sharing that. And I also we second y'all red lights, cold plunges like, work out, move your body. It makes running your business, whatever that is, so much easier.Jon Ostenson 34:07  Absolutely, absolutely, no, fully agree. Lesley Logan 34:09  What are you most excited about right now? And like, it can be like in the franchise world, or it can be in like, in your business. Like, what are you most excited about right now? Jon Ostenson 34:16  Yeah, you know, I I practice what I preach, and I love just trying new things and then bringing them to my clients. So for me, I've got my consulting practice, and then I've got all these franchises and other investments in a holding company, and I'm just, this is the nerd side of me. I'm just realizing all these different tax plays and alternative investments and how they can work together, and I'm bringing in the best of the best advisors, and, you know, really trying to level up. That was my theme last year, was level up. I'm like, am I with the best bank out there? Am I with the best concierge doctor? Am I with the best financial advisor? I identified 25 different areas, and this took time by one by one, leveled up in each of those. And said, if I'm not working with best in class, why not? And so I'm just thinking through that lens, and I think it's helping our clients to just kind of say, you know, let's get off the sidelines. Let's just forget the status quo. Like, how do we level up and get better? And you know, whether it be personally or those that we work with in every area.Lesley Logan 35:11  That's so cool. Thank you for sharing that. Because I, I think it's really easy to just keep doing the same thing, and you're like, well, this works and this works. And like, going back to that the bank that gave us SBA loan, I told my husband, I was like, well, why aren't we working with that bank? Like, why is that is not our bank? Because our bank certainly didn't help us. So why are we not with that bank? And it was like, one tiny thing, and I'm like, can we figure out a way around that one time? This seems so stupid. I want to work with a bank that's going to give me money whenever I want it. That's why, why I have a bank. It's not like they're getting interest. I'm not making any money off them. So I so I find, like, it's, it's effort to go through and figure out what that is. And then there's that change, which most people don't like, but then it's like, but then you have, like, the best of the best. So, you know, I think that's really cool.Jon Ostenson 36:01  Yeah, absolutely, you know, unfortunately, I've got the best wife, so I'm not up leveling there.Lesley Logan 36:06  That's good to know. That's good to know. Shout out to her. Okay, is there anything I didn't ask you, because this is a new topic for me, so I really want to make sure that, like, we covered all the bases that you think we needed to. Is there anything to ask you about franchising and getting into it that you want to share with us today. Jon Ostenson 36:22  Yeah, you know, I think we really hit a lot of the hot topics. You know, we're seeing more interest than we've ever seen. I think, for a variety of reasons, our biggest challenge is not lead flow, it's, it's, you know, just the opportunities. They move so fast in good markets. So I would encourage people, if anyone has an interest in exploring, there's no downside, there's no cost. I just hear testimonial after testimonial of franchising wasn't on my radar. I was looking at existing businesses. And actually, that's a good topic. A lot of our clients say hey, we've been looking for an existing business. Here's what I hear. We've been looking for four years, five years, six years. We've been under LOI, letter of intent for five companies, six companies, due diligence didn't shake out someone else outbid us. We uncovered this. And due diligence over and over again, and then they come around to franchising. They say, wait a minute, I can get into franchising without having to pay the premium of an existing business, without having to have the risk of change in ownership. I mean, you're going to lose some key employees. That just happens when you have a change in ownership. And there's so many people out there looking because you have all these talking heads on social media saying, hey, buy a business and then build it. It's like, what was the franchise system? Buy a proven model, but put your thumbprints on it from day one, and build the culture the way you want it. So I'd say that was one thing I wanted to add that just came to mind.Lesley Logan 37:36  I'm glad you brought that up, because we first, like, I work with a lot of business owners who are like, I want to sell my studio. They want to sell their business. And I'm always like, okay, well, what can we sell? Because if you are the main person, not much to sell, babe. So we have to, like, do all this work to make the business sellable. And, and I was like, and I really wish that someone had told you have to think about the exit in mind. Because you have to think about the exit in mind when you start anything everyone, but I do think that there's a lot of people in, oh, I'll just buy this one because I've seen how good it is. I like going there. And so we have this, like, almost like, attachment, but it's true, like, even if people like you, they might still leave, because people don't like change.Jon Ostenson 38:17  Yeah, and you paid a premium thinking nothing was going to change, right? So, you know, that's one of the things I love about franchising, too, is that exit in mind when you start in the beginning again, most franchises, you're not going to find many good franchise resales out there on the market, because any opportunity that's worth buying is going to be bought by another franchisee in that system, that internal M and A, as I call it, mergers and acquisitions, where franchisees buy each other's businesses, which allows for exits and allows others to expand. That's so, so common. I've got so many clients have done, I've personally done it just again, when you think about the end in mind.Lesley Logan 38:52  Yeah, okay, we're gonna take a brief break, and then we're gonna find out how people can work with you, do a call with you and see if this is what's in it for them. Lesley Logan 39:02  All right, Jon, how do people like, it's free, so they could just, like, chat with you and just see if, like, this is a good idea for them, right? Like, that's how they can work with you. How do they find you?Jon Ostenson 39:10  Yeah, come out to our website, franbridgeconsulting.com F-R-A-N bridge consulting dot com you know, share your email address. I'll send you a free digital copy of our book, Non-Food Franchising, which is a great primer to kind of get the juices flowing and help you connect the dots on franchising. And yeah, more than happy to jump on a call, just to indicate that interest when we reach out to you, and we'll jump on a 20-25, minute call, and I can give you some thoughts and get to know you a little bit better, and we can go from there. So again, entirely free to work with us. Certainly if you want to follow on LinkedIn, I put out content most days on LinkedIn. So that could be another place to find me. Lesley Logan 39:42  Oh, that's cool. LinkedIn a place that I keep saying I'm going to start printing thumbprint on. And I go in there and I'm like, I don't know what I'm doing. So maybe in a maybe in a future year. You guys, I did read the book. I'm telling you, it was an it's a great read, and it really helped. It will. I think if it's for you, you'll know by reading the book, and if it's not for you, you'll know by reading the book. And I think that that's really cool. And also I just really, one of the things I'm really intentional about is like we have so many listeners, and I really want people to have I think freedom to make decisions is one of the most important ways you can be it till you see it. And having an, a way of making an income that works for you is one of the best things I could give to you guys as listeners. So thank you so much for being here. Before I let you go, Jon, you've given us so much already, but we love to give our listeners some bold, executable, intrinsic and targeted steps people can take to be it till they see it. What do you have for us? Jon Ostenson 40:35  Yeah, you know, I would say, here's a quote, activity breeds activity, and it's the idea. I've just seen this play out in my career, in my life. Whenever I get off the couch, off the sidelines, I start moving towards Option A or Option B. That's when option C comes out of left field. And so I think good things happen when you're in motion. That idea of activity breeding other activity. Oftentimes you don't know what's coming, but you stay active, it comes.Lesley Logan 40:55  So good. It's so good. It kind of like, ladies, my Pilates lovers, it's like a body in motion stays in motion, like it's like that, but also like we had someone else say, like, I'm, everything is everything. And when you never know what, going out and talking to someone could turn into, my husband talks to everyone at every party, and I I'm so thankful for him, because I can talk to like, five people at a party, and then I'm like, okay, that's good. I'm good. Like, but he and, you know what, we've needed some of those people. He's like, oh, there's this guy I talked to at this place and, like, so, and you just never know what those connections are. So that's a great Be It Action Item. Thank you so much, Jon. Jon Ostenson, everyone. You can get his book, go to franbridgeconsulting.com. Perfect. Go there. We'll have the link in the show notes. And, you know, share this with a friend who needs to hear it. If you had a friend who's like, I need something different, I need to change. I need a new job, like this might be the exact thing they need. And then you get to be part of that. How cool is that? So thank you, Jon. And until next time everyone, Be It Till You See It. Lesley Logan 41:35  That's all I got for this episode of the Be It Till You See It Podcast. One thing that would help both myself and future listeners is for you to rate the show and leave a review and follow or subscribe for free wherever you listen to your podcast. Also, make sure to introduce yourself over at the Be It Pod on Instagram. I would love to know more about you. Share this episode with whoever you think needs to hear it. Help us and others Be It Till You See It. Have an awesome day. Be It Till You See It is a production of The Bloom Podcast Network. If you want to leave us a message or a question that we might read on another episode, you can text us at +1-310-905-5534 or send a DM on Instagram @BeItPod.Brad Crowell 42:39  It's written, filmed, and recorded by your host, Lesley Logan, and me, Brad Crowell.Lesley Logan 42:44  It is transcribed, produced and edited by the epic team at Disenyo.co.Brad Crowell 42:48  Our theme music is by Ali at Apex Production Music and our branding by designer and artist, Gianfranco Cioffi.Lesley Logan 42:55  Special thanks to Melissa Solomon for creating our visuals.Brad Crowell 42:58  Also to Angelina Herico for adding all of our content to our website. And finally to Meridith Root for keeping us all on point and on time.Support this podcast at — https://redcircle.com/be-it-till-you-see-it/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

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Are you wondering why your referral generation isn't yielding the results you were hoping for? In this episode, learn four key reasons why your referral generation might be lacking and how you can fix it. You're already doing great things, but sometimes a little tweak in your approach can make all the difference. Don't miss out on the insights that could transform your approach to referrals. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/378

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Service Academy Business Mastermind

Play Episode Listen Later Sep 7, 2025 30:30


Need financing for your next investment property? Visit: https://www.academyfund.com/ Want to join us in San Francisco, CA on October 7th & 8th? Visit: https://www.10xvets.com/events ____ Raj Kankaria is the President of Lone Star Attorney Service, a full-service litigation support firm and the largest process service company in Harris County, Texas. A West Point graduate and former Army engineer officer, Raj went on to hold leadership roles in investment banking and commercial strategy at Citi, Mexico Pacific, and WSI Enterprises. After discovering an overlooked corner of the legal services industry, he rolled up his sleeves, learned the business from the ground up, and eventually acquired the very company he once contracted for. Now, he's focused on transforming Lone Star into a one-stop shop for litigation support services across Texas and beyond. With a sharp operational mindset and a hands-on approach, Raj is building a scalable platform that delivers speed, reliability, and trust to legal professionals nationwide. In this episode of the SABM podcast, Scott chats with Raj about: Entrepreneurial Journey: Turning a chance encounter into ownership by building trust and deep operational knowledge Business Growth: Scaling the company into a one-stop shop for litigation support services, including process serving, e-filing, videography, records retrieval, and judgement collection. Operational Challenges: Navigating the emotional and practical demands of employee management and implementing systematic processes. Industry Positioning: Seeking to become the leading provider for attorneys in Texas with nationwide service capabilities. Community Building: Actively connecting with other entrepreneurs and business owners for shared learning and growth. Timestamps: 00:09 Raj's Journey to Business Ownership 01:27 Discovering the Opportunity 03:17 Building Relationships and Trust 04:10 Acquiring Lone Star Attorney Service 12:42 Challenges and Goals as a New Business Owner 18:02 Advice for Aspiring Entrepreneurs 18:37 Connecting and Growing the BusinessConnect with Raj: LinkedIn | Raj Kankaria www.lonestarattysvc.com raj@lonestarattysvc.com  If you found value in today's episode, don't keep it to yourself—share it with a colleague or friend who could benefit. And if you're a Service Academy graduate ready to elevate your business, we'd love for you to join our community and get started today. Make sure you never miss an episode subscribe now and help support the show: Apple Podcasts Spotify Leave us a 5-star review! A special thank you to Raj for joining me this week. Until next time! -Scott Mackes, USNA '01

The Crossman Conversation
AI & The Future of Cybersecurity with Danny Jenkins, CEO & Co-Founder of ThreatLocker. (S4E18)

The Crossman Conversation

Play Episode Listen Later Sep 6, 2025 29:48


How is artificial intelligence transforming cybersecurity for companies today? John Crossman sits down with Danny Jenkins, CEO & Co-Founder of ThreatLocker, to discuss the rise of AI in cyber threats, how businesses can protect their data, and why cybersecurity is just like securing your home or car. They explore practical strategies for staying one step ahead. A key takeaway: Businesses of all sizes should take the proper precautions to prevent cyberattacks. Don't wait. Act Now.

Big Ideas for Small Business
Self-Employment to Business Ownership with Eli Stoudemayer

Big Ideas for Small Business

Play Episode Listen Later Sep 3, 2025 19:16


This month on the podcast, Tim welcomes Eli Stoudemayer: CFII and owner of Palmetto Sky Flight School. Eli shares his story of starting out as an independent flight instructor and transforming that passion into a successful small business serving the Anderson–Clemson community. With three years of experience teaching students to take to the skies, Eli offers valuable insight into the challenges and rewards of aviation instruction, the realities of entrepreneurship, and what it takes to grow a business from the ground up. Join us for a conversation about flying, teaching, and the journey from self-employment to business ownership.

Roadmap To Grow Your Business
Ep #377: When You Identify Your “Who”

Roadmap To Grow Your Business

Play Episode Listen Later Sep 2, 2025 25:59


Are you struggling to identify your existing referral sources? In this episode, I share powerful insights from past clients who have transformed their referral strategies. Discover how understanding who your referral sources are can empower you to take control of your business growth. Hear their inspiring stories and learn actionable steps to cultivate more referrals for your business. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/377

On The Homefront with Jeff Dudan
Can You Keep Your Job and Still Run a Franchise? | Franchise Fridays with Jeff Dudan #206

On The Homefront with Jeff Dudan

Play Episode Listen Later Aug 29, 2025 2:07


Can You Keep Your Job and Still Run a Franchise? | Franchise Fridays with Jeff Dudan Can you really keep your job and still build a successful business? In this Franchise Fridays episode of Unemployable with Jeff Dudan, we break down the truth behind owner-operator vs. semi-absentee (executive) franchise models. Jeff Dudan reveals what it really takes to run a franchise on nights and weekends, how to evaluate if you have what it takes to go all-in, and what mistakes people make when they think franchising is "passive income." Whether you're trying to escape the 9-to-5, build generational wealth, or create a second income stream for your family—this episode will give you the framework to choose the right franchise path.  

On The Homefront
Can You Keep Your Job and Still Run a Franchise? | Franchise Fridays with Jeff Dudan #206

On The Homefront

Play Episode Listen Later Aug 29, 2025 2:07


Can You Keep Your Job and Still Run a Franchise? | Franchise Fridays with Jeff Dudan Can you really keep your job and still build a successful business? In this Franchise Fridays episode of Unemployable with Jeff Dudan, we break down the truth behind owner-operator vs. semi-absentee (executive) franchise models. Jeff Dudan reveals what it really takes to run a franchise on nights and weekends, how to evaluate if you have what it takes to go all-in, and what mistakes people make when they think franchising is "passive income." Whether you're trying to escape the 9-to-5, build generational wealth, or create a second income stream for your family—this episode will give you the framework to choose the right franchise path.  

Roadmap To Grow Your Business
Ep #376: The Referral Opportunity You're Overlooking

Roadmap To Grow Your Business

Play Episode Listen Later Aug 26, 2025 22:27


Are you aware of the one referral opportunity you're likely missing? In this episode, I discuss a foundational strategy I like to call the Low-Hanging Fruit Strategy. Statistics indicate that your chances of selling to an existing client are 60-70%, compared to just 5-20% for new prospects. This episode is filled with insights on how to tap into that potential! Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/376

The Jaded Mechanic Podcast
Dory Carlin Says Bad Management is KILLING Good Techs

The Jaded Mechanic Podcast

Play Episode Listen Later Aug 26, 2025 122:48


Like the show? Show your support by using our sponsors. Promotive can help you find your dream job. Touch HERE to see open jobs. Need to update your shop systems and software? Try Tekmetric HEREIn this episode, Jeff is joined by Dory Carlin, co-owner of a two-bay independent shop in Western Pennsylvania. Dory shares his unconventional journey into automotive repair, reflecting on lessons learned from both good and bad management throughout his career at dealerships. They discuss the challenges of growing a small shop, emphasizing the importance of valuing diagnostic expertise and standing firm on pricing, and touch on the evolving roles and support needed for young technicians entering the trade. 00:00 Jeff can't take the heat!06:20 Valuing the Auto Industry Fairly13:02 Reflections on Childhood Acquaintances19:32 Dealership Dynamics and Challenges25:55 Customer Choice in Service Quality27:16 Shop Owners' Part Choices Critique34:11 Luxury Brands Use Flat Rate42:18 "CSI: The Imaginary Priority"44:43 Success Depends on Team Dynamics51:07 Collaborative Learning Boosts Business58:00 Customer Satisfaction: Word-of-Mouth Impact01:00:35 Public Transit: A Modern Solution01:05:34 Closer Job for Family Time01:12:04 "My Ex-Girlfriend, My Wife"01:17:51 Industry Dynamics and Control Shift01:25:31 "Vehicle Repair Access Concerns"01:27:27 Tesla: Pioneering Car Subscription Features01:33:51 Hiring Biases Against Young Workers01:39:14 Car Troubleshooting Conversation01:45:27 "Navigating Automotive Service Rates"01:50:18 Car Sales: Prioritize Quality and Integrity01:57:35 Understanding Trauma in Different Professions Follow/Subscribe to the show on social media! TikTok - https://www.tiktok.com/@jeffcompton7YouTube - https://www.youtube.com/@TheJadedMechanicFacebook - https://www.facebook.com/profile.php?id=100091347564232

Smashing the Plateau
How to Lead Succession, Build Legacy, and Manage Emotional Shifts in Business Ownership and Leadership Featuring Chuck Cooper

Smashing the Plateau

Play Episode Listen Later Aug 25, 2025 25:50


Chuck Cooper is the President of WhiteWater Consulting, an HR advisory firm that helps small and midsize businesses maximize their people potential. A Certified Exit Planning Advisor (CEPA) and author of the best-selling book The Family Business Blueprint, Chuck guides owners through succession planning, leadership transitions, and legacy building. With a passion for aligning people strategies with business goals, Chuck brings a unique blend of insight, empathy, and practical experience to every conversation—making complex transitions feel both possible and purposeful.In today's episode of Smashing the Plateau, you will learn about succession planning, legacy building, and the emotional transitions that come with running and eventually letting go of a business.Chuck and I discuss:The backstory to WhiteWater Consulting [01:58]Lessons from real-life experience and its impact on consulting [04:48]The importance of being coachable and agile [05:58]Navigating client relationships and defining your ideal prospect [06:36]The power of saying no to non-ideal clients [08:17]Why succession planning is often avoided and why it matters [09:00]How identity and daily activity can delay necessary business transitions [10:41]Getting clear on goals for business transition [12:35]Critical steps in succession planning [14:20]The role of peer groups in navigating succession [15:08]Major career mistakes and recovery through community and mentorship [16:29]The value of a personal board of directors and going deep with community [20:11]Advice for corporate refugees starting their own business [22:00]Why self-awareness and emotional intelligence are crucial for entrepreneurship [22:17]Learn more about Chuck at:https://whitewaterconsulting.nethttps://chuckcooper.infohttps://www.linkedin.com/in/chuck-cooper1Thank you to our sponsor:The Smashing the Plateau CommunityUnlock practical strategies and actionable insights from our experts—join our community and transform your journey to business success today!

The Crossman Conversation
Janelle Dunn: Leading with Compassion and Innovation in Healthcare. (S4E17)

The Crossman Conversation

Play Episode Listen Later Aug 23, 2025 29:52


In this inspiring episode of The Crossman Conversation, host John Crossman welcomes Janelle Dunn, CEO of True Health, for a powerful discussion on leadership, service, and healthcare transformation. Since taking the step in 2020 as CEO, Dunn has expanded access to care across Central Florida, launched mobile health units, and opened new pharmacies all while driving equity and compassion. Hear how her journey from banking to healthcare has shaped her mission, and why her impact reaches far beyond the walls of True Health. Tune in for a conversation that celebrates visionary leadership and community uplift.

Mission Matters Podcast with Adam Torres
From Lube Tech to CEO: Nestor Gutierrez on Taking the Leap into Business Ownership

Mission Matters Podcast with Adam Torres

Play Episode Listen Later Aug 22, 2025 6:29


In this Mission Matters episode, Adam Torres interviews Nestor Gutierrez, CEO of Rancho Express Lube. Nestor shares his journey from lube technician to business owner, explaining how he bought his company during COVID, overcame early challenges, and built a thriving business through mindset shifts, mentorship, and perseverance. Follow Adam on Instagram at https://www.instagram.com/askadamtorres/ for up to date information on book releases and tour schedule. Apply to be a guest on our podcast: https://missionmatters.lpages.co/podcastguest/ Visit our website: https://missionmatters.com/ More FREE content from Mission Matters here: https://linktr.ee/missionmattersmedia Learn more about your ad choices. Visit podcastchoices.com/adchoices

Million Dollar Mastermind with Larry Weidel
The Untapped Franchise Revolution: How Semi-Passive Income Is Changing Business Ownership

Million Dollar Mastermind with Larry Weidel

Play Episode Listen Later Aug 19, 2025 33:17


Franchising Beyond Fast Food: A Strategic Path to Business Ownership and Multiple Income Streams In this episode, host Larry sits down with Jon Ostinson, President of FranBridge Consulting and multi-brand franchise owner, to explore the often-overlooked opportunities in non-food franchising and how professionals can transition from corporate careers to successful business ownership.

Roadmap To Grow Your Business
Ep #375: Why Now is the Best Time

Roadmap To Grow Your Business

Play Episode Listen Later Aug 19, 2025 13:57


Why should you start generating referrals today? You're likely sitting on your next client; you just don't know it yet. Discover the two key reasons that can transform your referral strategy and help you connect with clients you didn't even know were ready to refer you. Let's jumpstart your referrals and set you up for success in both the short term and long term. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/375

Make More Work Less podcast
Surprise topic of the day: Choosing Busy

Make More Work Less podcast

Play Episode Listen Later Aug 19, 2025 13:37


Are you choosing busy as an avoidance tactic?  Avoiding doing the thing that you don't want to do or don't know how to do masks as busy.  What can you choose instead? Are you choosing busy to avoid something?  Take advantage of a complimentary business strategy session to discover the opportunities in your business! Book a strategy call today! https://actioncoachwi.com/contact-us/ Daily Dose of Business: https://actioncoachwi.com/daily-dose/  Sign up today! 12-Week Management MasterClass: https://actioncoachwi.com/management-training/   Sign Up Today!

GenC Podcast
Functional Fitness is for EVERYONE! | Ep128

GenC Podcast

Play Episode Listen Later Aug 13, 2025 85:10


SOUTHSIDE FITNESS Coaches Us to Understand how Functional Fitness is Actually for EVERYONE.. What is Functional Fitness? Are YOU Functionally Fit? Why YOU NEED to be Functionally Fit! Dom and Kyle Breaks it all Down for US.. We chat about Motherhood and Training.. Starting Up a Gym.. Family Balance with Business Ownership.. EXCUSES.. Gaining Your Energy Back.. This Conversation was an Eye-Opener for US, so we HOPE You all Gain Something Special for it as well..

The Business Ownership Podcast
Mastering Digital Marketing - Jennifer Tamborski

The Business Ownership Podcast

Play Episode Listen Later Aug 12, 2025 22:26


Not all ads are created equal — are you running the wrong ones? Could your marketing funnel be killing your ad results? In this episode of The Business Ownership Podcast I interviewed Jennifer Tamborski. Jennifer Tamborski, a seasoned Digital Marketing Strategist, specializes in empowering business owners with innovative marketing and tailored digital strategies.With over a decade of agency experience, she understands the challenges entrepreneurs face, particularly those striving to reach the 250K mark and beyond. Jennifer focuses on providing actionable insights and guidance to help businesses surpass their goals and scale their business without overstretching resources. She's the go-to partner for turning big dreams into tangible realities.Are you targeting the right customers, or just talking to everyone? From targeting your ideal client to balancing analog and digital strategies, this conversation is a goldmine for any business owner looking to scale.Tune in and master digital marketing! Check this out! Show Links:The Marketing Matchmaker Podcast: https://www.virtualmarketingexpert.com/marketing-matchmaker-podcast/Virtual Marketing Expert Website: https://www.virtualmarketingexpert.com/Book a call with Michelle: https://go.appointmentcore.com/book/IcFD4cGJoin our Facebook group for business owners to get help or help other business owners!The Business Ownership Group - Secrets to Scaling: https://www.facebook.com/groups/businessownershipsecretstoscalingLooking to scale your business? Get free gifts here to help you on your way: https://www.awarenessstrategies.com/

Roadmap To Grow Your Business
Ep #374: The Referral Why

Roadmap To Grow Your Business

Play Episode Listen Later Aug 12, 2025 17:57


Thinking about going 100% referral-based? In this episode, I'm breaking down why that might not be realistic for most businesses. I'll explain the importance of diversifying how you bring in clients and why referrals should still be your main focus. Plus, I'll dive into the deeper meaning behind receiving referrals and how they can boost your confidence as a business owner. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/374

One Rental At A Time
Why Business Ownership is the New Gold Rush

One Rental At A Time

Play Episode Listen Later Aug 11, 2025 11:27


Links & ResourcesFollow us on social media for updates: ⁠Instagram⁠ | ⁠YouTube⁠Check out our recommended tool: ⁠Prop Stream⁠Thank you for tuning in! If you enjoyed this episode, please rate, follow, and review our podcast. Don't forget to share it with friends who might find it valuable. Stay connected for more insights in our next episode!

The Crossman Conversation
Crystal Davidson on Building Career Pathways in Florida. (S4E16)

The Crossman Conversation

Play Episode Listen Later Aug 9, 2025 27:35


On this episode of The Crossman Conversation, host John Crossman welcomes Crystal Davidson, Vice President of iBuild Central Florida and a seasoned workforce leader with over 25 years of experience. Crystal oversees apprenticeship and pre-apprenticeship training programs that prepare youth, adults, and justice-involved individuals for sustainable careers in construction and the skilled trades. From securing millions in grant funding to building nationally recognized industry partnerships, she has dedicated her career to advancing economic mobility, second-chance opportunities, and inclusive education. Tune in for an inspiring discussion on workforce innovation, leadership, and the transformative power of apprenticeships.

Roadmap To Grow Your Business
Ep #373: Founder-Led Companies Need a Referral Strategy

Roadmap To Grow Your Business

Play Episode Listen Later Aug 5, 2025 33:19


It's the final podcast takeover episode, and we're going out with a bang! Join me and Raul Hernandez from the Do Good Work podcast. Together, we discuss the importance of having a referral strategy for founder-led companies and how to generate referrals without asking or paying for them. I truly believe that this episode will inspire you to rethink your approach to referrals and help you cultivate meaningful relationships that lead to a steady stream of business. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/373

The Hire Yourself Podcast
How Executives Can Win in Business Ownership

The Hire Yourself Podcast

Play Episode Listen Later Aug 5, 2025 9:05


Hire Yourself Podcast with Pete GilfillanYou've spent decades building skills in leadership, strategy, and operations—but what if your next chapter could be building something for yourself?In this episode, Pete Gilfillan explains how senior-level executives can leverage their hard-earned corporate experience to launch and grow a successful franchise business. If you're wondering whether your background can translate into business ownership, the answer is: absolutely.In this episode, Pete discusses:Translating Strategy Into ActionExecutives are trained to think long-term, set KPIs, and execute plans. Pete shows how these skills seamlessly apply to launching and scaling a franchise business.Bringing Leadership to the Local LevelFrom hiring and motivating teams to building a winning culture, executives already have the playbook—now it's about applying it to their own business.Financial and Operational Know-HowWhether it's analyzing profit margins, creating SOPs, or managing costs, corporate veterans know how to run efficient operations—and that's a huge asset in franchising.Marketing, Customer Experience & Community ImpactFrom building brands to delivering great service, executives know how to reach customers—and how to stand out in their local communities.The Underrated Power of RelationshipsExecutives have spent their careers building networks. Pete explains how those relationships become one of your greatest assets when starting your own business.Key Takeaways:Corporate experience translates directly to franchise success.Leadership, planning, financials—it's all relevant.There's life after corporate.You can build a business, an income stream, and an asset for the future.You don't have to start from scratch.Franchising gives you the blueprint—your experience brings it to life.Control, freedom, and wealth are within reach.Your skills are valuable—start using them for yourself.“Executives are some of the best-prepared people to become business owners—they just need the right opportunity.” — Pete GilfillanCONNECT WITH PETE GILFILLAN:

Succession Stories
208: The Power of Influence, Cooper Munroe - The Entrepreneur Gene Series

Succession Stories

Play Episode Listen Later Aug 3, 2025 25:04


“I love giving voice to people who don't necessarily or historically have a voice with those who are selling to them.” - Cooper Munroe Host Laurie Barkman speaks with Cooper Munroe, CEO of The Motherhood, a leading influencer marketing agency. They delve into Cooper's journey from corporate PR to creating The Motherhood, sparked from a blog post about Hurricane Katrina. Cooper discusses the unique challenges and attributes of women entrepreneurs, the evolution of influencer marketing, and her commitment to paying influencers for their valuable work. Tune in to hear how Cooper transformed her vision into a thriving business and what she envisions for the future legacy of The Motherhood.   Takeaways: Entrepreneurs should aim to find the balance between time and treasure early in their journey to avoid burnout and ensure the sustainability of their business. Work towards making your revenue stream more predictable. This can help in financial planning and provide stability for the business. Storytelling can be a powerful tool for connecting with your audience. Consider how your business can leverage storytelling to build a strong brand and engage customers. Always ensure that those contributing to your business, especially influencers and content creators, are fairly compensated for their work. This can foster loyalty and a positive working relationship.   This Show Is Sponsored by The Business Transition Sherpa® 100 percent of owners will leave their business one day. But few are prepared. Are you? Get your copy of the Amazon best-selling book by nationally recognized expert, Laurie Barkman that reveals how to build business value and plan for succession, transition, or selling the business on your terms....what every entrepreneur needs to know.  ✨

On The Homefront with Jeff Dudan
The Franchise Growth Strategy You Should Know | Franchise Fridays with Jeff Dudan #198

On The Homefront with Jeff Dudan

Play Episode Listen Later Aug 1, 2025 8:24


The Franchise Growth Strategy You Should Know | Franchise Fridays with Jeff Dudan Most people think owning one franchise is success. The pros know better. In this week's episode of Franchise Fridays, Jeff Dudan reveals what it really takes to build a franchise empire—one that creates financial strength, lifestyle freedom, and a lasting legacy. You'll learn: Why 54% of all franchises are owned by multi-unit operators The mindset shift from “owning a business” to “building a platform” Why your first location is everything—and how to crush it How to move from operator to portfolio builder Why empire builders treat every move like it's part of a bigger game Whether you're just starting or ready to scale, this is your roadmap to becoming a serious player in franchising.

On The Homefront
The Franchise Growth Strategy You Should Know | Franchise Fridays with Jeff Dudan #198

On The Homefront

Play Episode Listen Later Aug 1, 2025 8:24


The Franchise Growth Strategy You Should Know | Franchise Fridays with Jeff Dudan Most people think owning one franchise is success. The pros know better. In this week's episode of Franchise Fridays, Jeff Dudan reveals what it really takes to build a franchise empire—one that creates financial strength, lifestyle freedom, and a lasting legacy. You'll learn: Why 54% of all franchises are owned by multi-unit operators The mindset shift from “owning a business” to “building a platform” Why your first location is everything—and how to crush it How to move from operator to portfolio builder Why empire builders treat every move like it's part of a bigger game Whether you're just starting or ready to scale, this is your roadmap to becoming a serious player in franchising.

Passing The Torch
#87 - Building Financial Resilience for Veterans - Erik Baskin

Passing The Torch

Play Episode Listen Later Jul 31, 2025 37:41 Transcription Available


Send us a textThe episode touches on the lack of personal finance education in schools, with Erik advocating for more practical courses to set young adults up for success. He also describes his approach to budgeting as a way to reduce mental stress and free up brain space for more important life decisions.Overall, this episode is packed with practical finance advice, life lessons from the military, and personal anecdotes on happiness, resilience, and purpose. It's a great listen for anyone looking to better align their finances with their values and build a foundation for long-term freedom.===Time Codes:00:00 Building a Guest Wish List04:31 Passion for Finance and Investing07:06 Enhancing Financial Resilience13:18 "Early Financial Literacy's Impact"15:00 Intentional Living: Values-Driven Decisions18:22 Pre-Kids Trip to Australia22:05 Family Time as Life's North Star25:17 Financial Stress and Life Impact27:28 Book Recommendations for Financial Resilience31:50 "Retirement Plans and Lost Time"36:13 Amazon Wish List Spending37:57 Managing Inbound Requests41:56 "Happier Future in Colorado"Connect with Passing The Torch: Facebook and IG: @torchmartin More Amazing Stories: Episode 41: Lee Ellis – Freeing You From Bond That Make You InsecureEpisode 49: Ryan Hawk – Crafting a Legacy of LeadershipEpisode 52: Riley Tejcek – Mission of Empowerment and Endurance

WealthTalk
The Exit Roadmap: How to Sell Your Business for Maximum Value w/ Chris Spratling

WealthTalk

Play Episode Listen Later Jul 30, 2025 59:29


In this episode, Christian Rodwell welcomes Chris Spratling—seasoned entrepreneur, advisor, and author of “The Exit Roadmap: The Insider's Guide to Selling Your Business Profitably.” With over 30 years' experience in scaling, buying, and selling businesses, Chris shares vital insights on preparing for a successful business exit, maximising value, and planning for life beyond the sale.Key Topics & TakeawaysChris's Background & Relationship with WealthBuildersOver 30 years' experience in business exits and scalingLongstanding collaboration with Kevin Whelan and the WealthBuilders communityThe Seven Pillars of Wealth & Business as a PillarImportance of integrating business, property, and intellectual property in wealth strategiesUsing SSAS pensions and commercial property for long-term planningWho Chris HelpsFocus on ambitious SME owners (turnover £2M–£30M)Chalk Hill Blue's approach to scaling and preparing businesses for exitWhy Most Business Owners Struggle to Exit Successfully80% of personal wealth often tied up in the businessLess than 20% of businesses listed for sale actually sellCommon pitfalls: overestimating value, lack of preparation, misunderstanding buyer motivationsStages of Preparing for a Business ExitSeller Readiness: Clarifying motivations, financial needs, and post-exit plansBusiness Readiness: Building value through 10 key drivers (growth, scalability, recurring revenue, differentiation, reduced reliance on individuals/customers, strong processes, etc.)Process and Systems: Importance of automation, AI, and streamlining tasks to ensure business runs without the ownerQuick Wins for Business OwnersAssess current financial position and retirement gapUse Chalk Hill Blue's free Exit Readiness Survey for personalised feedbackFocus on one or two value drivers for immediate impactThe Role of AI and AutomationEmbracing AI for efficiency, productivity, and future-proofing business operationsReal-world examples from Chris's clients and his own accountancy practiceFamily Business TransitionsImportance of education and tailored succession planningCreating freedom and options before selling or stepping backTimeline for Selling a BusinessRealistic prep: 2 years to get “sale-ready,” plus 9–12 months to complete a saleMost deals involve staged payments and handover periodsFinding Buyers and Structuring the DealImportance of assembling a deal team (IFA, tax, legal, corporate finance)Different exit routes: trade sale, management buyout, employee ownership trust, family office, etc.Creating competition to maximise sale priceLife After ExitPlanning for the “next chapter” to avoid post-sale regret or loss of identityPractical TipsStart exit planning early—ideally at least 2 years in advanceFocus on building recurring revenue and reducing reliance on the ownerUse automation and AI to streamline processes and increase business valueEducate and engage the next generation for family business continuityAssemble a strong advisory team for the exit processResources MentionedGrab a copy of Chris Spratling's book: “The Exit Roadmap: The Insider's Guide to Selling Your Business Profitably” Check if you are you truly ready to exit. Take the Exit Readiness Survey It's a free, personalised exit readiness report.Contact Chris:Chris Spratling on LinkedinChris Spratling WebsiteWT103 - Employee ownership trusts w/ Chris BuddWT38 - The 8 Drivers Of Business Value - Richard PerryConnect with Us:Listen on Spotify, Apple Podcasts, YouTube, and all major platforms.For more inspiring stories and actionable tips, subscribe to Wealth Talk and leave us a review!Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook CommunitySchedule a 1:1 call with one of our teamBecome a member of WealthBuildersIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!If you enjoyed this episode, please rate and review WealthTalk on your favourite podcast platform

The Business of You with Rachel Gogos
229 | How to Build Teams That Stay and Loyal Clients with David Steele

The Business of You with Rachel Gogos

Play Episode Listen Later Jul 29, 2025 37:20


What if the real key to scaling your business isn't strategy or capital, but empathy? That's the belief driving today's guest, David Steele. With a career spanning finance, hospitality, and the arts, David is the Founder and CEO of One Wealth Advisors, Executive Chairman of Flour + Water Hospitality Group, and Managing Partner at Great Gold Hospitality Group. He's also a playwright, visual artist, and advocate for the power of people in business. People Over Profit: How to Build a Team That Grows With You If you want to build a business that lasts, start by investing in your people. David shares how he's created a culture where turnover is almost nonexistent by treating every team member like a future owner. Whether you're leading a small team or scaling fast, you'll take away practical ideas like profit-sharing instead of bonuses, transparent P&L reviews, and a long-term goal of shared equity. Because when people feel valued and have a real stake in the outcome, they're far more likely to stick around and help you grow. Think Restaurants Are Risky? Here's What Actually Causes Failure You've heard it before: “Restaurants are too risky.” But David challenges that assumption with a powerful reframing: it's not the industry that's the problem, it's the lack of business planning.  Whether you're in hospitality or any creative venture, his method applies. Start with a story. Build a 10-year model. Make sure the capital pays back in 3 years or less. If the numbers don't work, don't move forward. This approach has helped him grow eight successful restaurants and it might just change the way you assess risk in your own ideas. Enjoy this episode with David Steele… Soundbytes 11:17 - 11:56 “I figured one thing out, and all polymaths in business have probably figured one thing out. That is, they know how to activate a coalition of people around a singular idea… Everything that has ever been created in the history of humankind that's been great has been because people symbiotically came together to do it.” 14:08 - 14:22 “I just think the most important variable in any partnership is the most important variable in any real, sustainable relationship, which is always seeking to find empathy for the person you have a relationship with.” Quotes “Treat people well. People just want to feel valuable. That's all they want.” “I have a goal with any business I start, which is to never lose a single employee for the life of the company. Now, it's a ridiculous goal. It's absurd.” “I still have some of those clients that I started with in 1991.” Links mentioned in this episode: From Our Guest Website: https://davidsteele.xyz/  Connect with David Steele on LinkedIn: https://www.linkedin.com/in/david-steele-76088a/  Connect with brandiD Download our free guide to learn 16 crucial website updates that attract more leads and convert visitors into clients: https://thebrandid.com/website-tweaks/ Ready to elevate your digital presence with a powerful brand or website?  Contact us here: https://thebrandid.com/contact-form/

Roadmap To Grow Your Business
Ep #372: Generating Referrals Naturally

Roadmap To Grow Your Business

Play Episode Listen Later Jul 29, 2025 53:26


Are you tired of the old-school tactics of asking for referrals? In this podcast takeover episode, I chat with Jay Tinkler from The Remarkable Project about a fresh perspective on referral generation. We discuss the critical distinction between genuine referrals and mere introductions, and why understanding this difference can significantly impact your business. Learn how to cultivate a referable client experience and the key strategies to keep your referral sources engaged and motivated to keep referring you. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/372

CONEXPO – CON/AGG Radio: Construction Technology Trends For Contractors

Many skilled operators dream of being their own boss, but the reality is a brutal mix of financial pressure, operational chaos, and personal sacrifice. In this episode, Sy Kirby of Sy-Con Excavation shares his unfiltered story of turning a trade into a thriving business.From a name his grandfather wrote on a toy truck to building a company, a popular YouTube channel, and the Blue Collar Business Podcast, Sy reveals the raw truths about making big bets on people, kickstarting a marketing strategy at CONEXPO, and handling the crushing stress of being the CEO.

The Crossman Conversation
The Power of Healthy Conflict Resolution with Ursula Taylor. (S4E15)

The Crossman Conversation

Play Episode Listen Later Jul 26, 2025 28:23


In this episode of The Crossman Conversation, host John Crossman speaks with Ursula Taylor—an attorney, consultant, and conflict resolution expert—about how organizations can embrace healthy conflict to foster stronger leadership and better outcomes. With over 17 years in commercial litigation, Taylor now helps teams move beyond legal battles to address the emotional roots of disputes. She shares practical tools for preventing conflict, reducing litigation, and building workplace cultures where disagreement leads to growth, not division. Tune in for a fresh, human-centered perspective on resolving conflict in business, law, and beyond.

Eye On Franchising
Rush Bowls CEO Reveals How to Build a Healthy Fast Food Franchise That Actually Works

Eye On Franchising

Play Episode Listen Later Jul 25, 2025 19:37


In this powerful episode of Eye On Franchising, I sit down with Andrew Pudalov, the Founder & CEO of Rush Bowls, a booming fast-casual franchise redefining healthy food on the go. From Wall Street to wellness, Andrew shares the real story behind Rush Bowls' 21-year journey, why he left banking after 9/11, and how he's building a national health food empire—no private equity required.

On The Homefront with Jeff Dudan
Want More Freedom? 4 Reasons Why Entrepreneurs Win | Franchise Fridays with Jeff Dudan #196

On The Homefront with Jeff Dudan

Play Episode Listen Later Jul 25, 2025 9:36


Want More Freedom? 4 Reasons Why Entrepreneurs Win In this Franchise Fridays episode, Jeff Dudan reveals the Four Freedoms of Entrepreneurship—and why owning a franchise could be the fastest path to unlocking them. From the freedom to seize new opportunities, to pursuing your curiosity, to building relationships and creating unforgettable life experiences, Jeff lays out exactly how entrepreneurship creates real personal freedom. He also unpacks the foundation of it all: financial freedom—and how business owners build equity, residual income, and generational wealth that most employees never achieve. If you're tired of trading time for money, and you're ready to design a life on your terms, this episode is your roadmap. Explore franchise opportunities at Homefront Brands, one of the fastest-growing essential services platforms in franchising today. Click the link below to grab a free copy of Jeff's book Discernment and learn how to make better decisions in life and business.    

On The Homefront
Want More Freedom? 4 Reasons Why Entrepreneurs Win | Franchise Fridays with Jeff Dudan #196

On The Homefront

Play Episode Listen Later Jul 25, 2025 9:36


Want More Freedom? 4 Reasons Why Entrepreneurs Win In this Franchise Fridays episode, Jeff Dudan reveals the Four Freedoms of Entrepreneurship—and why owning a franchise could be the fastest path to unlocking them. From the freedom to seize new opportunities, to pursuing your curiosity, to building relationships and creating unforgettable life experiences, Jeff lays out exactly how entrepreneurship creates real personal freedom. He also unpacks the foundation of it all: financial freedom—and how business owners build equity, residual income, and generational wealth that most employees never achieve. If you're tired of trading time for money, and you're ready to design a life on your terms, this episode is your roadmap. Explore franchise opportunities at Homefront Brands, one of the fastest-growing essential services platforms in franchising today. Click the link below to grab a free copy of Jeff's book Discernment and learn how to make better decisions in life and business.    

FLF, LLC
Ep. 206 - How To Get Into Business Ownership [Business 300]

FLF, LLC

Play Episode Listen Later Jul 23, 2025 4:01


What if you're a competent, hungry, and disciplined individual, who would love to be a business owner, but can't seem to get traction in starting or owning a business? Starting a business isn't for you, and buying one isn't either. How can you enter into business ownership?

Grandma's Wealth Wisdom
How We Make Money Talk FUN and EASY!

Grandma's Wealth Wisdom

Play Episode Listen Later Jul 23, 2025 41:33 Transcription Available


In this episode, Brandon sits down with Jake, a serial entrepreneur and the visionary co-founder of Gathering the Kings, a powerful mastermind community built for entrepreneurs, by entrepreneurs.   Together, they dive deep into what it really means to succeed, not just in business, but in every area of life.   Jake is more than a business builder; he's a leader who believes in doing life well across the board. Through Gathering the Kings, he's helping entrepreneurs win not just at work, but at home, in their health, and in their spiritual walk.   What you'll learn in this episode: The hidden struggles many entrepreneurs face behind the scenes Why success without balance can leave you feeling empty The power of intentional living (and how to start) How community and accountability can fuel your personal and professional growth What Gathering the Kings is doing to raise up the next generation through Generation Next   If you're a business owner who's tired of the hustle-only culture and looking for something deeper, this episode is for you. Get ready to be inspired, challenged, and equipped with tools to build a life of real, holistic wealth.  

Know your why Podcast
Real Estate vs. Business Ownership: Which One Builds More Freedom? | Ep #434

Know your why Podcast

Play Episode Listen Later Jul 23, 2025 62:52


In this episode of the Know Your Why Podcast, Dr. Jason Balara interviews Kin Sio, a first-generation immigrant, entrepreneur, and business owner who transitioned from a thriving tech career to real estate investing—and ultimately to business acquisitions. Kin opens up about his journey from Macau to the U.S., the pivotal experiences of caring for his ailing parents, and how those challenges sparked a desire for greater freedom and control over his time. After initial success in real estate, Kin realized that business ownership offered more leverage and scalability. He shares how he acquired a Hawaii-based marketing agency while living in Seattle, detailing the complexities of sourcing, financing, and remotely operating a business. From cultural adaptation to team leadership, Kin reflects on the highs and lows of entrepreneurship and the motivation that keeps him pushing forward: time freedom, personal growth, and family legacy.Key Highlights:- Kin's immigrant journey from Macau shaped his entrepreneurial drive and resilience.- Real estate investing was his first step toward financial independence, but business acquisition offered more scale and impact.- Caring for his parents inspired a deeper need for time freedom and autonomy.- The business acquisition process demands urgency, relationship-building, and a higher level of operational responsibility than real estate.- Operating a Hawaii-based business remotely from Seattle required strategic planning, cultural adaptation, and strong leadership.- SBA loans and seller financing played a key role in making the acquisition financially feasible.- Kin underscores that entrepreneurship is a personal journey, not for everyone, but deeply rewarding for those who embrace its challenges.This episode of the Know Your Why Podcast is a powerful reflection on the personal and professional transformation that can come from taking bold risks. Dr. Jason Balara and Kin Sio explore the realities behind the glamorous facade of entrepreneurship, offering listeners valuable insight into the worlds of business acquisition and remote management. Kin's story is a testament to the power of purpose-driven decision-making, and his journey is a motivating example for anyone seeking financial independence through business ownership.Get in touch with Kin:IG: https://www.instagram.com/kinmsio/FB: https://www.facebook.com/xavisioLI:  https://www.linkedin.com/in/kinsio/If you want to know more about Dr. Jason Balara and the Know your Why Podcast:⁠⁠https://linktr.ee/jasonbalara⁠⁠  Audio Track:Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license.⁠⁠ https://creativecommons.org/licenses/⁠⁠Artist:⁠⁠ http://audionautix.com/

Roadmap To Grow Your Business
Ep #371: Interior Designers, Relationships and Referrals

Roadmap To Grow Your Business

Play Episode Listen Later Jul 22, 2025 54:30


Are you tired of the awkwardness that comes with asking for referrals? I'm excited to share this takeover episode with renowned interior designer LuAnn Nigara, and host of the popular podcast A Well-Designed Business. Together, we discuss the concept of generating referrals naturally—without manipulation or gimmicks. Discover how to build a referable client experience that not only enhances your relationships but also keeps you top of mind with your clients long after the project is complete. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/371

Roadmap To Grow Your Business
Ep #370: Building Authentic Relationships for Business Growth

Roadmap To Grow Your Business

Play Episode Listen Later Jul 15, 2025 35:18


Our next podcast takeover episode is with the amazing Jeni Bukolt from GSD with Jeni. We discuss the biggest mistakes business owners make when it comes to referrals and how to shift your mindset to see results. We also touch on protecting your mindset as an entrepreneur, the importance of building authentic relationships, and overcoming self-sabotage. Resources and links mentioned in this episode can be found on the show notes page at http://www.staceybrownrandall.com/370

The Business Ownership Podcast
The Mindset of a Serial Entrepreneur - Jeremy Lessaris 7-8 Figure Specal Series

The Business Ownership Podcast

Play Episode Listen Later Jul 14, 2025 45:43


Got ideas? Here's how to turn them into income—again and again.In this episode of 7-8 Figure Special Series I interviewed Jeremy Lessaris. Jeremy is an experienced global marketing and communicationsexecutive and entrepreneurial leader, with over two decades of experience in the industrial, energy, transportation, and technology sectors, establishing and investing in numerous ventures across several different industries.He previously served as Global Vice President of Marketing & Communications for Power Solutions International, owned by Weichai, a $28 billion Chinese industrial and marine conglomerate. Jeremy successfully managed global marketing efforts and secured over $30 million in capital and grants. During his tenure he rang the opening bell at NASDAQ and helped lead the company to become one of the fastest growing stocks in Illinois, up 364% in the first 6 months. Jeremy more recently founded, bootstrap funded and served as CEO of a leading US-based design agency Designed.co which was sold in late 2023. His leadership helped grow the agency nearly 3000% in the first 18 months of operation. His current role is Founder and CEO of Payment Brokers a fintech application that utilizes AI/ML to uncover proprietary pricing data used for negotiations with credit card processing companies. As an accomplished tech founder, with a proven track record, Jeremy has led 8 of his companies to successful exit. Want to build more than one business? Check this out!Show Links:Jeremy on LinkedIn: https://www.linkedin.com/in/jlessaris/Book a call with Michelle: https://go.appointmentcore.com/book/IcFD4cGJoin our Facebook group for business owners to get help or help other business owners!The Business Ownership Group - Secrets to Scaling: https://www.facebook.com/groups/businessownershipsecretstoscalingLooking to scale your business? Get free gifts here to help you on your way: https://www.awarenessstrategies.com/

Eye On Franchising
AlphaGraphics Franchise Owner Tells All: Startup Costs, Profit, Lessons (13+ Years Experience)

Eye On Franchising

Play Episode Listen Later Jul 9, 2025 18:14


In this episode, we sit down with Sam Reed, an AlphaGraphics franchisee in Irving, Texas with over 13 years in the system. Sam went from a 26-year PepsiCo corporate career to owning his own franchise—and he's revealing everything you need to know:✅ Real startup costs✅ Actual earnings potential (six-figure income)✅ The big surprises of buying an existing franchise✅ How he built local customers with Chamber of Commerce networking✅ His #1 advice for first-time franchise buyers⏱️ Timestamps00:00 – Welcome to Franchise Envy – AlphaGraphics Spotlight01:12 – Meet Sam Reed: From PepsiCo Executive to Franchisee02:47 – Is This Your First Business? Corporate to Entrepreneur04:04 – Biggest Surprise Owning an AlphaGraphics Franchise06:05 – Buying an Existing Location: Customer Relationship Pitfalls08:12 – Why Sam Chose AlphaGraphics vs Chick-fil-A or State Farm11:42 – The Difference: True Business Ownership vs. Operator Model13:24 – Franchise Startup Costs: Fees and Investment Details15:45 – How Much Money Can You Make? Six-Figure Potential Explained18:12 – Work-Life Balance: Operating Hours & Lifestyle20:02 – Craziest Print Job Sam Has Ever Done22:30 – Family Reactions to Buying a Franchise25:10 – Why Irving, TX Is a Great Market for Printing27:00 – Hardest Parts of Owning the Business: Staffing & Customers30:32 – #1 Mistake New Franchise Owners Make34:10 – How Chambers of Commerce Grew His Sales37:40 – The “Mayor of the Town” Story40:22 – Outrageous Print Jobs They Refused42:20 – Sam's Best Advice for Aspiring Franchise Buyers45:00 – Wrap-Up & Final Thoughts

Path For Growth with Alex Judd
4 Stages of Business Ownership

Path For Growth with Alex Judd

Play Episode Listen Later Jul 8, 2025 57:47


Impact-driven leaders will always feel tension between managing the businesses they have and building the businesses they want. But the phase you're in now doesn't have to last forever. In this episode, Alex talks with Ben Loy about the four stages of business ownership: founder, operator, CEO, and owner. He breaks down some of the common characteristics and pitfalls of each stage and explains how you can keep yourself from becoming the bottleneck to the business' growth. Information isn't the gap between failure and success—action is. Path for Growth's 1-on-1 coaching helps you create a plan and execute on what matters most for your business. Apply today at pathforgrowth.com/coaching.Episode Recap:When a leader stops growing, the business stops growing. There will always be tension between managing the business you have and building the business you want. 1. The Founder Stage: You're the primary source of sales and/or serviceWhat keeps people stuck in the founder stage? 2. The Operator Stage: You're the point person for everyone else in the businessWhat does it mean to operationalize your business?Focus on building leaders who can move the business forward3. The CEO Stage: You're no longer taking or needing credit for every piece of the business' successWhat areas should CEOs focus on? 4. The Owner Stage: Your business operates largely independent of your time investmentIf you're ready to move beyond just gathering information and start executing on what truly matters, Path for Growth's 1-on-1 coaching can help. Apply now at pathforgrowth.com/coaching.Resources:Follow the podcast on Apple or SpotifySchedule a call to learn more about Path for Growth Coaching and CommunityDownload the Free Reading GuideJoin us for our 2025 Experience – Long Game Leadership Connect with our Founder Alex Judd on LinkedIn and Instagram