Jim Judy

Jim Judy

Franchise Business Consultant

Tag Archives: franchise consultant


Business of Beauty

Business of Beauty Makes Customers Look Good and Owners Feel Great

Beauty is booming and more than ever, the franchise industry is catching on with terrific new concepts. The Health & Wellness category annually generates $60 billion in revenue, offers many concepts in the low-cost service industry and generates lots of repeat business.

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working with a franchise consultant

Yes, there is an investment when working with a franchise consultant (but it’s not what you think!)

Visit enough franchise consultant websites and you’ll see plenty of language explaining that our services are free. No risk, no obligation…just pick up the phone!

 

That’s true, but that doesn’t mean that candidates don’t make an investment when working with a franchise consultant. It just means that investment isn’t a financial one.

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Be Your Own Boss

Listen to yourself! Five thoughts you’re having that indicate you’re ready to be your own boss.

How do you know you’re ready to be your own boss?

 

The message isn’t going to come from your friends. It’s not going to come from a spouse, a parent or a sibling. It’s not going to come from a co-worker, a motivational speaker, or a business consultant.

 

The only person that will know is you. You just need to listen to your own thoughts.

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Audio: Semi-absentee franchising

Audio: Jim Judy on Semi-Absentee Franchising

Jim was excited to join “Money Matters with Matt” again last week to breakdown the ever-popular semi-absentee franchising model and how people can win working on their business without spending too much time in their business. Running time is under 11 minutes.

questions to ask a franchisor

You’re asking the wrong questions!

Think fast: If you called a franchise company you were interested in pursuing, would you know what questions to ask a franchisor? 

If you’re like most people, you came up with two answers.

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You’re Not Going to Call Me. Here’s Why

You know who you are.

You’ve been in your current job for long enough and no longer see a future you want. You spend your evenings thinking about how you need a change. You’ve become way too comfortable hitting the snooze button over and over in the mornings rather than getting up to face another day of work. You’ve dreamed of being your own boss, of breaking free from the chains of traditional employment and having a go as a small business owner, but…

You’ve done nothing about it.

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Should you consider an emerging franchise brand over an established franchise?

A regular line franchise consultants like myself throw out when discussing franchising is that “it’s not just flipping burgers.” Obviously, that’s a reference to the reigning king of the franchise, McDonald’s, because it’s most often what comes to candidates’ minds when talking about a franchise. Major brands like that have certainly played a significant role in turning the franchise industry into the powerhouse that it is today, but they aren’t doing it alone.

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Franchise profile: High margins + Low Hours = Big Win

I recently wrote about the booming fitness boutique franchise model that gives franchisees the freedom of operating a semi-absentee business while enjoying high profit margins. These businesses are a win-win for their owners, but recently one in particular has been outstanding.

 

One of the largest premium networks of boutique fitness studios in the world is boasting some staggering growth numbers this year. Already, in 2017, they are prepared to open more than 400 locations in 30 states. Their executive model is perfectly suited for owners interested in owning multiple units, while their investment return has averaged a whopping 47 percent EBITDA margins.

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2017 franchising

Franchising 2017: Why This Will Be a Great Year

The International Franchise Association 2017 Convention is opening in just a few weeks, meaning their annual forecast giving franchising businesses their predictions for the year ahead is about to be released. Normally, I’d wait for their report to spread the good news, but, in 2017, there’s no need for delay.

It’s going to be a good year to be in franchising.

The franchising industry is on a hot streak, having seen growth of more than 2.5 percent for five years in a row, 20 percent higher than for all business. 2017 may be the best year yet.

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