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FranchisorXpres's avatar
FranchisorXpres
Contributor 3
2 months ago

1 more crew isn't going to build your Empire

Its a new year --- My guess is you're thinking about expanding by adding more crews... yes?

It's a good goal but not the right one.
This approach leads to increased headaches, higher costs, and more frustration. 

"If I could just find the perfect employee I'd be golden" - I hear it almost every day.

If you're serious about winning without piling on loads of risk, franchising is the way.

The Pitfalls of Adding More Crews

Adding more crews means more equipment, more training, and more management. You're multiplying your responsibilities and expenses. Coordinating multiple teams can become a logistical nightmare, and maintaining consistent service quality across the board is a constant challenge.

Plus, all the financial risk falls on you!

Franchising: The Smarter Path to National Expansion

Franchising lets you grow your brand by partnering with independent entrepreneurs who invest their own money to operate under your name. This strategy allows you to break into new markets without draining your own resources.

Why Franchising Works

  1. Shared Risk: Franchisees put their own skin in the game, sharing the financial burden and reducing your exposure.
  2. Driven Operators: Franchisees are highly motivated to succeed because they own their slice of the business. This often leads to better performance compared to hired managers.
  3. Rapid Market Entry: Franchising enables you to enter multiple markets at once, leveraging local knowledge and connections for faster growth.
  4. Cost Efficiency: A larger franchise network can lead to bulk purchasing and shared marketing efforts, boosting profitability for everyone involved.

Making Franchising Work for You

To successfully franchise your business:

  • Prove Your Model: Ensure your business is profitable and can be replicated.
  • Train Thoroughly: Provide comprehensive training to maintain consistent quality across all locations.
  • Offer Ongoing Support: Be there for your franchisees with marketing, operations, and management assistance.
  • Protect Your Brand: Implement strict quality control to maintain your brand's reputation.

In short, adding more crews might seem like a path to growth, but it's fraught with challenges and risks. Franchising offers a smarter, more efficient way to expand nationally without overextending yourself.

By partnering with motivated franchisees, you can build a national presence and achieve the growth you're aiming for.

Think bigger this year. 

Franchise your business to build an empire.

I've done it myself. 

You can do it too! 

  • bedellmgmt's avatar
    bedellmgmt
    Jobber Ambassador

    That is an interesting perspective - Thanks for sharing this!

  • ryaantuttle's avatar
    ryaantuttle
    Jobber Ambassador

    As a full time entrepreneur, I've never been a fan of franchising. Unless you're at scale with multiple locations, it's like being in Vegas. The house always wins! Too many fee's policies and not enough room to be creative.
    You're always under the thumb of corporate and that's just no way to grow. And, if the franchise tanks, so does your location. However, franchising works for some people, just not this guy. 

    • FranchisorXpres's avatar
      FranchisorXpres
      Contributor 3

      Nice! Yep you said it yourself. The house always wins. 
      that's why I'm saying you need to "BE THE HOUSE"

      Franchise your business. Become the house. 

      Scale with other people's money. 

      Don't buy a franchise that limits your creativity. 

      I franchised my window cleaning company and sold 13 locations then turned and sold it to a large platform company. 

      Franchisors command a 10-25x multiple of the ebitda. A home service company might get 2-3x when they sell. 

      Franchising isn't for Entrepreneurs. It's for those that want some freedom from being an employee while not taking all the risk entrepreneurs take. 

      Franchising your business is the most proven way to grow a home service company. 

      It opens up 35+ new revenue mechanisms. 

      This is what we do all day every day.