In this week's show, Nick talks to Lance Graulich, the founder and CEO of ION Franchising, the industry-leading franchise consultancy and development group, about the ways in which you can turn your business into a franchise, and dynamically increase your reach and your wealth as a result, and how running a franchise may suit your business goals.
Franchises are an attractive opportunity for potential business owners, as many of the initial headaches have already been solved, such as branding and marketing.
Franchising is the legal relationship that allows you to use a brand and name in order to generate wealth. In franchising, there has to be a reasonable level of control in how this relationship works.
The ways in which we can add our own creativity is in the human side of the business - in improving service and how our staff show up. This can make all the difference, and is also what sets one franchise apart from another.
A franchise owner is someone who wishes to own and operate a business, but who does not necessarily have the right skill-set or mind-set in order to found a business. In this way, anyone can operate a company.
'The average person does not have a burning desire to create a business in particular'
'Where you can get creative is in the human resources side of things'
'Entrepreneurship is not just about start-up'
'Find the thing you love doing, and you'll never work a day in your life'
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ION Franchising - https://ionfranchising.com
Lance Graulich LinkedIn - https://www.linkedin.com/in/lance-g-68b304118/
Lance Graulich @ Inspired Insider - https://www.inspiredinsider.com/lance-graulich-interview/
ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor. My background is in growing and scaling VC and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds - with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development - showing up and being the best version of myself ... every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations - so they can follow their dreams, live life more on their terms - utilising entrepreneurship as a global force for good.
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