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While our culture often praises attending university, the price of education has only grown. Additionally, the gap between the salary of a college graduate and a skilled worker has shrunk. As debt climbs and salaries drop, you may be questioning whether college is the sound investment it used to be. Read below to hear what experts have to say!

Education

There is still one powerful reason why many of us attend college despite the enormous financial burden: because we feel we should. Whether you can afford a full ride or nothing at all, many adolescents have heard a similar story — get good grades, so you can go to college, so you can get a good job, so you can make money. Truth or myth, this story is still a traditional path many of us have been encouraged to follow. …


One commonality among business owners is an entrepreneurial spirit. This quality is what drives them to take risks, set goals, and hold themselves accountable for success. Another shared characteristic of entrepreneurs, is their ability to tackle any task they put their mind to.

Aside from running the day to day business operations, these tasks can range anywhere from managing their own bookkeeping, to scheduling their own appointments and travel, or posting to their own social media accounts. After all, why create an added expense hiring someone to do something you can do on your own? …


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I really enjoyed talking to Kevin Wilson on the podcast this week. I love the unique perspective he brings to franchising, and I really loved that he spoke so much and placed a great deal of importance on the franchisor-franchisee relationship, which my listeners know is something I place a high level of value on myself.

In my view there’s almost nothing more important as a franchisor than making sure my franchisees feel happy, comfortable and that we maintain a great working relationship with each other. …


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Building multiple franchising empires has been the most empowering and rewarding experience of my life, and diversifying has been a key part of that. I strongly urge both franchisees and franchisors to branch out into new markets and new businesses when they’re ready. But how will you know when you’re ready?

Unfortunately, there are no certainties in life — especially in business — but for that reason precisely it is important to consider as many angles as possible before taking the plunge and expanding. I have been through this process many times and have owned 7 brands of my own. …


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If you don’t know how to live in the present, there’s no reason to build for the future. You won’t know how to enjoy it when you get there.

I don’t know that I’ve ever met another individual who truly loves his work more than John Hewitt. It’s what’s made him so successful and it’s the reason he never plans to retire. He knows himself, he knows what he loves, and he wants to spend as much time as possible doing what he does best: building businesses, helping others and changing the world.

Although John has enjoyed some seriously big payoffs in his career, he’s successful because he knows it’s not about those payoffs, it’s about enjoying the journey. It’s about waking up every day happy to have another chance to share your work with the world. When you enjoy your job like that, the payouts are just a bonus. Something that serves as a reminder of why you should follow your dreams and remain true to yourself above everything else. …


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Jon is pretty unique compared to most of the guests I have on Franchise Secrets. He approaches life from a different perspective, not only with his family but with his business as well. He is truly gifted at taking the lessons he has learned in his own life and building them into something that can benefit people the entire world over.

Being able to see the power he drew from having a number of important friends in his inner circle, and carrying that over into a rewarding career helping dads everywhere is one of the more creative and inspiring business ventures I’ve ever come across, and I’m truly proud to call him a friend. …


with guest Shawn Goldsmith #FranchiseSecrets Ep 45

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I was really impressed with Shawn’s model of hands on learning that he is building with Tutor Doctor. So much so, in fact, that I decided to go down the rabbit hole and research the benefits of it myself. What I found seems so obvious and intuitive it’s a wonder that this type of education does not play a larger role in our school system. It just makes sense to learn by doing.

How do you think a 16th century blacksmith learned his trade? By sitting in a classroom listening to people talk about the challenges of blacksmithing? No! They found an apprenticeship, often with a family member, and got to work. They got to witness and be a part of the actual work of blacksmithing and see products developed from scratch. …


with guest Brian Scudamore #FranchiseSecrets Ep 44

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Something I’ve always been awestruck by, and one of the main reasons I wanted to have Brian Scudamore on the show today, is how he has been able to create an award winning culture among not only his employees, but his franchisees as well. Amazing company culture is one of the most important, yet overlooked aspects of building a modern business. Simply put, most owners don’t understand the importance of it, and even if they do, many have no idea how to build it.

Due to his experience, Brian brings a unique perspective to the table and has a great deal of wisdom to impart on the rest of us — myself included. As he explains the keys to his success, specifically his methods of hiring people and treating his employees, the answer becomes so clear, simple and obvious you can’t believe that every business owner doesn’t already understand it. …


with guests Debra Strougo & Eric Von Frohlich #FranchiseSecrets Ep 43

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Making the business decision to develop your company into a franchise might seem overwhelming, or even out of reach. How do you know if you or your company has the credentials or ability to expand into a franchise? There are many components to consider, which might leave many business owners curious on where to begin.

What if I told you the first component consisted of nothing more than being passionate? Franchise owners and couple of Row House, Debra Strougo and Eric Von Frohlich are passionate about their organization. Through their whole process of taking the pivot from a mom and pop business, to a franchise, they remained passionate and true with their focus. This couple always felt passionate in helping people and involving the community. …


with guest John Ruhlin#FranchiseSecrets Ep 42

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Building our customer base, our retention rates, our overall relationships throughout our franchises are all things that can lead to an abundance of success. What if I told you that a small gesture, such as sending a gift, could lead you to achieving these matters? The impact that follows a small thoughtful gesture can result in positive pivots to a company. If it seems so simple, why are more people not doing it? The answer is, there is more depth to gift giving then we consider. …

About

Erik Van Horn

Franchising specialist and family man (www.FranchiseSecrets.com). I like to help people invest in the right franchise (www.iLoveFranchising.com).

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