DESCRIPTION:

John Hayes, a franchising professor at Palm Beach Atlantic University and host of the

Franchise Hot Seat Podcast, converses with Bob McCracken, an Air Force and Air

National Guard veteran and Hot Head Burritos franchisee. They delve into why

veterans make exceptional franchisees, highlighting the discipline, meticulousness,

and plan-following abilities honed during military service. They also discuss the

Veterans Transition Franchise Initiative (VetFran), a program providing financial

benefits to veterans venturing into franchising, founded by Don Dwyer of the Dwyer

Group. Bob recounts his personal franchising experience, from managing multiple

franchises before the COVID-19 pandemic to effectively running a single unit. The

conversation underscores the advantages of the VetFran program, encouraging

more franchisors and veterans to join and leverage these opportunities

- With Bob McCracken

TIMESTAMPS:

00:00 Intro

00:32 Who is veteran franchisee Bob McCracken?

01:03 Why are veterans great franchise owners?

02:49 What is the VetFran story?

08:35 Bob's Hot Head Burritos journey?

10:57 Best way to encourage veteran franchising?

16:10 Final advice for veteran entrepreneurs?

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast

DESCRIPTION:

John Hayes, host of the Franchise Hot Seat, engages in a comprehensive discussion

with Schuyler "Rocky" Reidel, founder of the Reidel Law Firm, on various pressing

and contentious topics in the franchising industry. They emphasize the crucial role of

specialized legal advice in franchising, particularly during a government shutdown

that affects SBA loans. Rocky underscores the importance for franchisees to

comprehend their responsibilities and limitations within franchise agreements, and

the significance of thoroughly understanding the Franchise Disclosure Document

(FDD). The conversation also explores the issues arising from private equity

ownership in franchising and its potential effects on franchisees. A significant part of

the discussion is dedicated to Subway's market difficulties and the problems caused

by remodeling requirements. The dialogue concludes with a reflection on the

difficulties faced by McDonald's franchisees, the repercussions of unfavorable

franchising conditions in states like California, and the imperative of due diligence

for potential franchisees. - With Schuyler "Rocky" Reidel.

TIMESTAMPS:

00:00 Intro

00:37 Why is legal guidance crucial in franchising?

01:19 What is a franchise agreement?

02:26 How do SBA loans impact franchising?

06:08 Biggest franchising challenges and misconceptions?

19:23 What is the FDD's role?

28:26 How does FTC regulate franchising?

33:40 How is private equity changing franchising?

44:18 Why is Subway struggling?

52:52 Biggest challenges in food franchising?

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast

DESCRIPTION:

John Hayes hosts Jack and Jill Johnson from Franchise Insiders on the Franchise Hot

Seat Podcast. The Johnsons' franchising journey began with Jack's father founding

Home Care Assistance after a franchise rejection, which evolved into a successful

family business. As franchise consultants, they guide others through the complex

franchising world. Key topics include the necessity of thoroughly evaluating

franchises, consulting with current franchise owners, and understanding the

commitment needed for franchise success. They highlight home services and

healthcare franchises as solid choices, while food and retail franchises may present

greater risks and expenses. The Johnsons recount their experience owning and

subsequently selling a Pink's franchise, underscoring the importance of an initial exit

strategy. They urge younger individuals to enter franchising early and highlight the

significance of active ownership. The podcast's objective is to offer valuable insights

for potential franchise investors.

- With Jack and Jill Johnson.

TIMESTAMPS:

00:00 Intro

00:31 How did you discover franchising?

01:56 How to evaluate franchise opportunities?

04:21 Why become a FranServe consultant?

08:10 Why are home services franchises valuable?

10:43 Is semi-absentee ownership realistic?

18:18 How to avoid common franchise pitfalls?

26:33 Why is exit planning crucial?

32:00 How to choose the right franchise?

42:46 Are young entrepreneurs good for franchising?

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast