Last month’s Q&A call was a masterclass in real franchise growth.
Franchise owners shared their real-life challenges and questions, walking away with specific strategies they’re implementing this month.
Here’s what they are working on:
“Should I sell my underperforming stores?”
Daniel owns six franchises. The first four are crushing it. The newer ones are draining cash flow. His dilemma: downsize to the profitable core or push through to achieve scale.
My advice surprised him.
“Am I in the right franchise?”
Troy’s been in the same brand for 11 years. It’s profitable but can’t replace himself. Most people are scaling back from 6 stores to 2-3.
Should he sell or keep going?
“How do I structure manager bonuses?”
Manuel (from Spain) wanted to know: gross profit sharing or net profit? How much transparency? What about seasonal swings?
We broke down why paying on net profit can backfire and the compensation structure that actually drives results.
“How much should I pay managers?”
Kevin’s about to lose his best manager to maternity leave. He wondered if investing $8k into personality assessments was worth it.
Here’s what we’ve learned spending $20K+
“Should I take on investors to grow faster?”
Melissa is opening his first studio, has an LOI on another, and wants to open several more. Family members interested in investing.
The answer isn’t what you’d expect.
Want to join for the next one?
I’m hosting another one this Wednesday, October 29th at 1pm. EST
Submit your questions here ahead of the call
I’ll be prioritizing those questions first
Add the event to your calendar
Cheers!
Brian
