• Ep 272 | Selling Your Business

  • Aug 5 2024
  • Length: 1 hr and 30 mins
  • Podcast

Ep 272 | Selling Your Business

  • Summary

  • Austin is considering selling his Rydel franchise location, citing the need for more dedicated coaching and oversight as the franchise group has grown to 26 locations. He has identified two key motivators: 1) his own personal development and ability to have a greater impact on the franchise group, and 2) the strong performance of his current production and sales managers, Mark and Gabe, who have helped grow the location but are now ready to take on more.


    The group discusses the importance of having a strong internal coaching function within franchise organizations, drawing examples from successful chains like McDonald's, Chick-fil-A, and In-N-Out Burger. They note that this is a key area of focus for the Rydel franchise group as it continues to scale.


    Amer raises the idea of Contracting.com potentially offering bookkeeping services as an add-on for their customers. John provides insights on the bookkeeping services industry, noting the potential benefits but also cautioning about the high costs and maintenance required to build an in-house solution versus partnering with an existing provider.


    John discusses the value he has gained from participating in a local business networking group, including generating referrals, making connections, and learning from other business owners. He emphasizes the importance of being in a group where you are not necessarily the most experienced, in order to continue learning and growing.

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