20. The Other F Word - Franchise! with Jon Ostenson

The Ops Experts Club Podcast

SUMMARY:

Join us in this episode of The Ops Experts Clubs Podcast as we delve deep into the world of franchising with industry expert Jon Osterson. With over a decade of experience in non-food franchising, Jon shares invaluable insights and strategies that have proven to be game-changers for entrepreneurs looking to break into the market.

In this conversation, Jon discusses with the team the importance of niche specialization and how it can be a strategic advantage in the competitive landscape. From the challenges of food-related ventures to the allure of non-food franchises, Jon sheds light on why certain industries thrive under franchising models.

With anecdotes and real-world examples, Jon and the hosts explore the dynamics of franchise ownership, including the significance of system adherence and the role of processes in ensuring success. Whether you're a seasoned entrepreneur or someone contemplating franchise ownership, this episode offers practical advice and actionable steps to navigate the franchising journey effectively.

Tune in to discover how franchising can be a lucrative opportunity, the role of systems in business success, and why established franchises hold sway in the eyes of lenders like the SBA. Don't miss out on this insightful discussion that could reshape your approach to entrepreneurship and franchising!

Minute by Minute:

0:00 Intro + welcome Jon Ostenson

4:07 What is non food franchising?

6:10 Growing sectors for franchises

9:32 Profitability concerns in coffee and the food industry as a whole

15:30 How do you get started with owning your first franchise?

17:39 How does it work for entrepreneurs and franchising

21:30 A franchise being something you can run remote

23:19 Systems, the lesson from franchises

25:45 What does good profitability look like for a non food franchise