by John Francis

My Interview on the Modern Business Podcast

Jul 17, 2018 12:05:55 AM Franchise Planning, Franchising Speaker

I was recently invited to join Ryan Hicks of the Modern Business Podcast to talk about all things franchising: where the industry is today, where it’s going and how franchisees can maximize the success of their investment.  It was a lot of fun sitting down with Ryan, who I met at a franchising event in Minneapolis years ago. Through our mutual interest in building successful businesses - as well as franchising done right - he has become a trusted colleague.

One of the things we covered at length was the benefit of collaboration in building a franchise. More specifically, we discussed the benefit a board of advisors can have in bringing a higher level of collaboration to the business. As I shared with Ryan (and have written about extensively on the blog), a board of advisors differs greatly from the more formal Board of Directors, which has fiduciary responsibility over the company. The individuals you choose to be your advisors are there for one simple purpose: to advise you. This enables you to plan, budget and put some structure around your business so you can lead more effectively. It also ensures you have time for the higher-value activities that will take your business to the next level.

If you’d like to listen to the full interview, and learn more about the nuts and bolts of setting up an advisory board (as well as the origin of my nickname “Johnny Franchise”), you can access the full episode here: https://soundcloud.com/modernbusiness/027-a-live-chat-with-johnny-franchise or by downloading it in your favorite podcasting application.

 

John Francis

Written by John Francis

About the Franchise Expert

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John Francis is an enthusiastic, engaging, and entertaining public speaker because he speaks from experience and he speaks from the heart. Franchising is in his blood, and his parents were true pioneers in the industry, turning their family haircutting business into a 1,000-salon franchise empire. He has been a franchisee and a franchisor, and has a deep understanding of the issues both face. Book John to speak at your event, and you and your franchisees will learn how to look at your business in new, positive, and profitable ways.

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