Voda is one of the fastest-growing restoration franchises in the country. The highlights: $2.4M sales at the founding location Floor cleaning + restoration Recession-resistant business 80+ franchise owners Let’s dive in: Business Model Voda has two core services: carpet cleaning + restoration. Carpet cleaning provides consistent, predictable revenue that you can start getting immediately. You get paid for these jobs at the time of service. Restoration (water, mold, fire remediation) jobs are...
1 day ago • 1 min read
I wrapped an awesome weekend in Florida with 20 elite franchisees as part of my 8-Figure Franchisee mastermind. 12 lessons learned: 1/ Be intentional Life doesn’t happen to you, it happens for you. Either you’re executing your plan, or you’re executing someone else’s. 2/ Screw incremental growth You don’t need permission to take massive leaps. Your “5-year plan” can happen in 18 months with the right strategy and support. 3/ Cash on Cash is king Return on capital is way more important than...
2 days ago • 2 min read
You grow up with neighborhood kids, high school friends, & college roommates. You form new relationships with work colleagues, country club buddies, and neighbors as an adult. You share beers, watch games, play golf, go to parties, and have a good time. One day, something changes inside of you. You want to make more money, have more freedom, and upgrade your lifestyle. You explore making more money through real estate, trading stocks, and owning a business. Eventually, you stumble across...
5 days ago • 1 min read
Six years ago, I made the kind of mistake that haunts you. I met Phil at Dunkin for an interview. Phil was a master mechanic with an impressive resume. We were desperate to hire an A Tech, and he checked every box - extensive certifications, $50k+ in personal tools, and the promise of a $300k fleet account. But something was off. Phil interrupted every question with, "Well, actually…" His references were too busy to call back. The voice in my head screamed, "Don’t do it." There were red flags...
7 days ago • 1 min read
What an awesome franchise business model: Scalable Innovative Recurring revenue Low start-up costs Say hello to HelloSugar (For non-waxers like me: “sugaring” is less painful than traditional waxing) Their motto is: “It hurts less here” Less pain = more recurring customers = 💰 Business Model A traditional salon takes 9 to 12 months to find, construct & open. You’re betting ~$400k, signing a big lease, and investing a year of your life. All while praying it’ll be a successful location It’s a...
8 days ago • 1 min read
In 2016 I was staring at a stack of loan documents that would change my life forever. I was 29 years old and about to sign the biggest loan of my life: $500,000 to buy my first franchise. The numbers made sense on paper. The monthly payment was $5,000, and the businesses generated ~$17,000 monthly cash flow. But all I could think about was the weight of the debt. If the business had failed, it would have bankrupted my family. The hardest part isn’t getting approved for the loan. It’s not even...
9 days ago • 1 min read
Your next A-Player lies on the couch, hungover, scrolling through Indeed using his Cheetos-stained fingers. Sometimes.... We have hired some great people from Indeed & other job boards But the best people are usually employed. They have responsibilities and do whatever it takes to provide for them. It’s your job to find them. They work at your local restaurant, Best Buy, Home Depot, Verizon store, Mattress Firm, or home service company. A few years ago, I walked into Best Buy looking to buy a...
12 days ago • 1 min read
I met an owner doing $100k sales per month. He started from zero just 2.5 years ago. Running it from his garage. With just one employee! I’m sharing the full story on YouTube in a few weeks. Until then, here are 3 lessons: 1) Family + Fulfillment Graig spent years in Corporate America, building a business for someone else. The money was good, but he wasn’t happy. In 2022, he burned the boats to open a Bloomin' Blinds franchise in the Philadelphia suburbs. He knew it wouldn't be easy, and his...
14 days ago • 2 min read
I studied finance, entrepreneurship, and software development in college. My friends got jobs at Google, Goldman Sachs, General Electric, Boeing, etc. I felt embarrassed to say I was getting into franchising. I used to think franchising was elementary — a business on training wheels is something you do when you aren’t ready (or able) to play at a higher level. "Franchising is for losers""That’s not real entrepreneurship.""That’s a business with training wheels" But I was missing something...
16 days ago • 1 min read
I talk a lot about the positives of franchising & running a business. But there truth is that’s only half the equation. The only half can really suck — especially in the early years. You aren’t making any money. Your team seems disengaged. You question every day if you made the right decision. You see other people posting all their wins in the group chats. You feel alone. I’ve been there. I will probably be there again in the future. Everyone gets knocked down. As they say, "The only...
20 days ago • 2 min read