Welcome to the Evolvepreneur (After Hours) Show
I am your Special Host Mechelle McDonald
Join me today where we dig deep with our guests and get you the best concepts and strategies to fast-track your business.
My very special guest today is Doug Stout ...
This episode discusses franchising with guest Doug Stout, who has 19 years of experience in the industry as a franchise owner, consultant, and advisor. He notes several benefits of franchising, such as having a support system and not feeling alone as a business owner. Stout also stresses the importance of having a clear business plan and goals before choosing a franchise. His own franchising journey began with inspiration from McDonald's and included ownership of an organic nail salon franchise. Throughout his career, Stout has learned the value of maintaining a big picture view and getting input from a business coach.
Key Moments:
- Doug Stout has 19 years of experience in the franchising industry, having owned 4 franchises and helped over 1000 clients find the right franchise.
- Franchising provides a built-in support system and safety net as you're a business for yourself but not by yourself. Other franchise owners want to see each other succeed.
- It's important to have a clear business plan that outlines your goals and vision for the franchise to help match you with the right opportunity.
- There is a wide variety of franchise categories beyond just fast food, with over 175 business types and 4000 franchises in the US.
- Discovery days allow potential franchisees to visit corporate headquarters and assess cultural fit with the franchisor's team.
- Maintaining a focus on long-term goals and the bigger picture is important to avoid tunnel vision in your business.
- Having a business coach can help keep you accountable and looking beyond day-to-day operations.
- Prior experience in an industry isn't necessary as the franchisor provides training.
- Franchising can be a path to business ownership and financial independence at any age.
- Organic nail salon franchising was an unexpected opportunity that Doug and his wife have found success with.
About The Show
Evolvepreneur (After Hours) Show features guest stories about entrepreneurs and their journeys from startup, growth to success.
If you're looking to succeed with quick start concepts for online entrepreneurs, this brand new show reveals how startup entrepreneurs or someone looking to start, grow or reboot their online business can understand how to create specific strategies to build their list, make offers and connect with their best buyers.
We want to help entrepreneurs make a real difference and navigate the messy world of startup or re-launch.
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