show episodes
 
Badass Business Owners are Small Business Owners serving their local communities who are tired of living job to job and want to grow their business income & their personal income. If it seems like the harder you work, you still can't seem to grow your profits as fast as you want, I'm here to help. So, if you are ready to MAKE MORE MONEY IN YOUR SMALL BUSINESS then you are in the right place!
 
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show series
 
In this conversation, Cameron Herold gives some insane value about how to be the best COO for your business. 💪 This conversation was originally a session for the Franchise Tribe Mastermind (www.FranchiseTribe.com), but I wanted to release it publicly because Cameron always delivers so much value. Listeners of the Franchise Secrets Podcast will enjo…
 
Want to grow your business and thinking about expanding into other parts of town or new towns or cities? Before you decide to chase sales in new areas, make sure you are focusing on your ideal customers. I promise you, you are only tapping the surface of what you can tap into in your own community. **TIPS for RUNNING A PROFITABLE SMALL BUSINESS** W…
 
In this #FranchiseTribeSpotlight we are joined by Tribe Member, Chris Elmore. Chris had a successful career in the marketing/advertising agency world as a creative director for 18 years prior to getting bit by the entrepreneurial bug. 8 years ago he bought his first of two #OrangeTheoryFitness locations with a friend that he still owns. He now co-o…
 
How often do you feel like you are a fraud and it is just a matter of time before your customers & fellow business owners discover it? You are so not alone. Almost all businesspeople go through this at some point or another. It is just you stuck in your head telling lies that you are allowing yourself to believe. **TIPS for RUNNING A PROFITABLE SMA…
 
Let's face it, you most likely clicked on this video because you are interested in a career change, getting out of the corporate rat race, or are just interested in what it would take to own your own business. Well, you've come to the right place! Before I continue, I want you to know that I'm not a broker and have nothing to sell you. I've been in…
 
We are all flawed business people. You are not alone. Stop beating yourself up. It is what you do with that knowledge that matters the most. **TIPS for RUNNING A PROFITABLE SMALL BUSINESS** Want more? Here are some popular videos I have on YouTube: HOW TO PRICE YOUR PRODUCTS CORRECTLY HOW TO PRICE YOUR SERVICES CORRECTLY HOW TO READ A PROFIT & LOSS…
 
One thing successful franchisors all have in common? A Killer Franchise Development Process! ⬅️ What is franchise development? In short, it's the process that takes a buyer from discovery to signing on the dotted line as a franchisee. I am contacted all the time from franchisors (both emerging and established) who are looking for an outside perspec…
 
When you “head off to work” what is the first thing you do? For most small business owners, they just dive right in and get to work vs making this their first priority of the workday. **TIPS for RUNNING A PROFITABLE SMALL BUSINESS** Want more? Here are some popular videos I have on YouTube: HOW TO PRICE YOUR PRODUCTS CORRECTLY HOW TO PRICE YOUR SER…
 
The reason I'm so passionate about masterminds is that I have personally experienced the rapid growth that can come from asking the right questions in the right rooms. The bottom line is, masterminds give you access to people who are both where you want to be and where you have been. You're able to learn the right steps to take to accomplish your g…
 
You want more sales and more profits and are always looking for tips or tricks to make more money. This one sales hack will help you capitalize on the past to create even more profit going forward. It is one of the most underutilized yet powerful tools in your toolbelt. **TIPS for RUNNING A PROFITABLE SMALL BUSINESS** Want more? Here are some popul…
 
I get so many questions from franchisors in the Franchise Secrets Facebook Group (FranchiseSecretsGroup.com) and my private clients about Franchise Sales Organizations (aka FSOs): ➡️ "What is an FSO?" ➡️ "Should I use an FSO?" ➡️ "When is the right time to use an FSO?" ➡️ "What value does an FSO provide for Franchisors?" ➡️ "Will an FSO get me more…
 
Yes, you need to know your customer's pain point, but you also need to be aware of small business owners' pain points as well. It is just a matter of time before these issues start to wear you down have you question if you should continue to be a small business owner. **TIPS for RUNNING A PROFITABLE SMALL BUSINESS** Want more? Here are some popular…
 
In my 20 years of #franchising, there's always a ton of buzz about franchisees working with private equity. For a lot of #franchisees, this is an unattainable dream. However, it's not an impossible thing to achieve. Enter, David Schuck. David is one of the largest multi-unit franchisees in #ClubPilates and has recently signed a large multi-unit, mu…
 
How on earth do businesses with poor customer service even stay in business? Does this mean that you don't even need to focus on customer service? Does it even really matter? ``` **TIPS for RUNNING A PROFITABLE SMALL BUSINESS** Want more? Here are some popular videos I have on YouTube: HOW TO PRICE YOUR PRODUCTS CORRECTLY HOW TO PRICE YOUR SERVICES…
 
What does it take to be a top franchisee? I posted in the Franchise Secrets Facebook Group (FranchiseSecrets.com/Facebook) about what top franchisees do to get to the top. The majority of the comments said "Just follow the system". Is that true? Well, @Ryan Casey certainly didn't think so! Ryan weighed in on the post and it was such a good response…
 
Over time the inventory in our business tends to grow. Next thing you know, you have hundreds if not thousands of dollars tied up that could be used to help the business grow! If you wish you had money to buy some equipment or invest in some advertising, then take a look at your extra inventory and how you can get rid of it to create some needed ca…
 
People often get into franchising with hopes of having a semi-absentee business that can support their lifestyle without taking away time. But sometimes this dream ends up being nothing more than an empty promise, and the franchisee becomes a slave to working in his or her own company rather than working on its success! Garrett Schmidt knows how im…
 
You are having a great year. You are ROCKING IT! Good money at the end of the day. But are you profitable? Do you make the sale, pay the bills and live off the rest? Then you might want to listen to this episode, as your business might not be as profitable as you think you are. **SMALL BUSINESS OWNER TIPS for RUNNING A PROFITABLE BUSINESS** Want mo…
 
A quick-service restaurant or QSR is a popular choice for people who want to start their own business. But what makes them different from other franchises? It's not often that we are joined by people in the QSR space of franchising. As many of you know, In my 20+ years of franchising, I've largely been in the service-based space. Today we are joine…
 
What Is It You Do? | The Answer Might Surprise You Mindset is HUGE in your business. Sometimes it is the little things we say that give insight into what blocks us from huge success and profits. The answer to this one little question of “what is it you do” can really make the difference between earning employee wages and having a successful, thrivi…
 
For #franchisebuyers, validation is a process that can make or break whether you sign on the dotted line of the franchise agreement. Validation allows you to compare your expectations of a particular brand with the real-life experience of their current franchisees. In part 2 of our podcasts on #validation, I go through some of the 100+ questions to…
 
Yes! You Do Have Cost of Goods in Your Business! There are many small business owners who own a service-based business and their bookkeeper is telling them they don’t have costs of goods only expenses. Or they just take a lump sum of money at the end of the month and do not properly account for the labor hours that are part of the service. Let’s ta…
 
If you're interested in buying a #franchise, it's important to know all the facts about franchising before making your decision. Watch this video for some great tips on what you should do BEFORE buying a franchise! In Part 1 of 2 podcasts on validation, I share my 6 must do's before you start #validation. Validation is a key step in the franchising…
 
The number one mistake many small business owners make is failing to save for their taxes for their small business. This can lead to thousands of dollars in back taxes. We will discuss the best practice that can help save you from having the IRS on your back. **SMALL BUSINESS OWNER TIPS for RUNNING A PROFITABLE BUSINESS** Want more? Here are some p…
 
As entrepreneurs, we're always trying to optimize our time. There are only so many hours in a week that you can work...let alone that you WANT to work!⏰ If you're like me, I'm sure you've tried planners, apps, and countless other ways to protect your time from unwanted distractions. The truth is, you're never going to buy back your time until you u…
 
The most powerful and important thing you can do to earn more money in your business is to learn your business numbers. By knowing your business numbers, you make better decisions on how to price and where the spend the money you take in via your sales. Make a commitment to know your business's numbers and watch your profits grow! **SMALL BUSINESS …
 
Psst! I'm letting you in on a very valuable Franchise Tribe Mastermind session...🤫 Last month, the Franchise Tribe Mastermind had a killer session on Guerrilla Marketing. As a franchisee, localized marketing is SO valuable for brand awareness in your area. In this inside look into a Franchise Tribe Mastermind session, you'll see top performing fran…
 
Time to finish the year strong! Sales dip so what can you do to increase your sales at the end of the year? Here are 3 things you can do that some businesses find some great success with. Always remember, finish the year strong so you can start the new year even stronger! **SMALL BUSINESS OWNER TIPS for RUNNING A PROFITABLE BUSINESS** Want more? He…
 
Establishing a sales culture in your business is crucial for vitality and longevity. Healthy businesses have proven sales processes and resources for their employees. The same goes for franchises. Resources and trainings on sales are one huge value add that franchisors can make available for franchisees--and that franchisees can provide for their m…
 
Start 2022 Strong in Your Business by Focusing on These 3 Areas You want to finish 2021 strong but more importantly, start 2022 even stronger than you started 2021. The best way to do this is to dive into these 3 core areas of your business. They will have the biggest impact on your profits, time & money. Free eBook: 10 Questions to Ask in Your Bus…
 
The marketing world is vast and can be overwhelming--particularly for emerging brands and franchisors. In an ever-changing digital space, how do you navigate the dos and don'ts of marketing? Have we got a show for you! 🤯 Graham Chapman of 919 Marketing chats with Erik about tactical marketing methods that most Franchisors and Emerging Brands miss. …
 
You should always check your prices at least twice a year. As we head into the new year, it is time to make any adjustments you might need to start the new year off correctly. Your pricing needs to cover costs, labor, and expenses. You also need to make sure you are paying yourself correctly when setting your prices. Want more? Here are some videos…
 
Employee retention is a necessary and potentially frustrating area of discussion for franchisees, franchisors, or franchise managers. As a business owner, how do you retain good employees? Dane Espegard joins Erik to talk about the practical and tactical ways to retain employees by encouraging a culture where employees can achieve their dreams with…
 
How long should you reinvest your profits into the business? There is a difference between profits and a fair wage for yourself. Don’t make the mistake of not separating these out and you for sure want an end date. ~~~~ **SMALL BUSINESS OWNER TIPS for RUNNING A PROFITABLE BUSINESS** Click to Get Your Badass Business Owner Merch Get the Free eBook: …
 
If you're a franchisee, chances are you have growth on your mind quite often! If only there were ways to shortcut the process...🧐 *SPOILER* There Are! ⬅️ Enter, Nik Blum! Nik is a Franchise Tribe Mastermind member, entrepreneur in Austin, Texas, and franchisee with RNR Tire Express. Nik joins Erik on today's episode to discuss how he learned the se…
 
What was the last time that you stopped to think about your customer and what they want long before they even pick up the phone to call you? Knowing what your customer is thinking and the basic needs they have, can give you a competitive advantage over your competition. I’ll walk you through a series of questions that you will want to ask yourself …
 
It is so important for a franchisor to be franchisee-focused. A Franchisor is only as successful as his or her franchisees. Dave Claflin, Franchisor and CEO of Fastest Labs, joins Erik to talk about how incorporating technology has helped set up his franchisees for success. Dave walks through how technology has become a key differentiator in his bu…
 
Do you find yourself not hitting your business goals? Looking for a better method to have more focus and accomplish more in your business than you ever have? You might find that the 12 Week Year Method is perfect for you. But what is the 12 Week Year? How does the 12 Week Year work? More importantly, how will the 12 Week Year help you create more s…
 
If you're an entrepreneur who wants to scale a business, chances are you've looked into franchising. Today Erik interviews Chris Conner, President of Franchise Marketing Systems to discuss the questions you need to ask before franchising a business. Today's episode will take you on a deep dive into what it takes to franchise a business. It will pre…
 
Sales Do Not Mean Someone is Profitable Way too often we hear someone is doing some amazing sales and we think, dang they are rocking it. But are they? At the end of the day, it is about the profits and not the sales. Someone doing $200,000 in sales can actually be making more money than someone doing $500,000 in sales. Make sure you are focused on…
 
Have you ever had a conversation with someone that you keep coming back to? A conversation that provided you a ton of value? Well, that's how our conversation went with Cameron Herold early on on the Franchise Story Podcast. That's why I decided to share it with you all! ------------------------------------------------------------------ In this epi…
 
More sales and profits are left on the table due to business owners who simply do not get back with customers that have money in hand, ready to spend on their business! Are you really doing that well that you don’t need new business? ~~~~ Click to Get Your Badass Business Owner Merch Get the Free eBook: 8 Steps to Earning $100,000 in Income in Your…
 
On Episode 123 of Franchise Secrets, Erik and Scott talk about their recent dive into the world of passive investing in franchises. They are joined by a very special guest to demonstrate a very important question... What comes first? The operating partner, or the purchase? Erik and Scott walk through how they went about de-risking the deal with the…
 
The Next Generation of Entrepreneurs These two kids came into our office to stock their little snack business. They couldn’t be more than maybe 7 & 9. Watching them reminded me that they are the next generation of entrepreneurs we are building! ~~~~ Get the Free eBook: 8 Steps to Earning $100,000 in Income in Your Small Business The Badass Business…
 
What does it take to franchise a business? If you own a successful business, you've probably thought that a time or two. Franchising is a great option, but it's not easy. Successful franchise models are systematized and replicable and it takes a lot of work to get a business to that point! Today I sit down with Brandon Cerrito and Eric Anderson of …
 
Within each business owner lies two people. The you that is passionate about your business and always thinking of ways to drive your sales and the business-minded you that should be slowing down the passionate you to take a look at the numbers to make sure that the great ideas you come up with will also be profitable! ~~~~ Get the Free eBook: 8 Ste…
 
Today I'm joined by Yogurtland Founder, Phillip Chang, to talk about brand expansion in the face of changing consumer demand. Phillip has recently launched Holsom, a fresh addition to Yogurtland's successful empire. Their website describes the new direction like this: "Holsom by Yogurtland adds delicious new ways to create with grain bowls, sweet a…
 
If you want to increase your business profits, then you might want to see if you are making one of these 5 common mistakes that could be costing your small business thousands of dollars in profits. Business doesn’t have to be complicated, and it is often times the things we know deep down that are costing us the profits our business needs. Sales ar…
 
In Episode 120 of Franchise Secrets, we take a look at some of our favorite parts of our top episodes! Check out these Gold Nuggets of wisdom from some of our top-tier guests! Have you joined our FREE Facebook Group yet? The Franchise Secrets Facebook group is the largest and most helpful group in all of franchising. Check it out here: FranchiseSec…
 
When we need more profits, we automatically think we need more sales and that just isn’t true. There are plenty of places to find profit in our business and honestly, this is where you should always start. There are only so many hours in the day and before you can increase your sales you need to ensure your business profit is maxed for what you are…
 
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