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CATEGORIES: Business, Franchising
Can franchise ownership really offer freedom, flexibility, and wealth, or is that just a myth?
In this solo episode, Erik Van Horn answers the questions franchisees are asking most, including how and when to incentivize managers, what semi-absentee ownership really looks like, and how to structure profit-sharing or equity without costly mistakes.
He discusses the pros and pitfalls of buying resale franchises and offers candid advice for franchisees and emerging franchisors on building leadership, managing expectations, and scaling smartly.
Whether you're launching your first location or acquiring your tenth, Erik’s insights will help you avoid common traps and build long-term success.
“You, as a franchisee, take responsibility for the things that aren’t going well. Can you blame your franchisor for some of it? Absolutely! Is it going to help? Probably not. That's why I say take responsibility. Make the changes." ~ Erik Van Horn
In This Episode:
- Benefits of semi-absentee ownership in balancing time
- Offering business ownership to motivate franchise managers
- Hiring strong leaders and fostering a teachable culture
- Profit sharing vs. equity: which works better?
- Franchisor vs. franchisee: key differences in roles
- Investing in a resale franchise: time expectation for ROI
- Why brands should embrace AI and technology
- Helpful advice for aspiring franchise owners
Resources:
🌐 Consult with Erik - https://form.jotform.com/222685728939070
🌐 Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617
🌐 Franchisees and franchisors find proven tactics and strategies to scale YOUR businesses - https://scalablefranchise.com/
🌐 Franchise UnConference - https://franchiseunconference.com/
🌐 Franchise Springboard - https://franchisespringboard.com/
Connect with Erik Van Horn:
🌐 Website
Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.
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