Build, Buy or Franchise? The Best Way to Jumpstart Your Entrepreneurial Journey with Tim Vogel
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 29 August 2023
⏱️ 22 minutes
🧾️ Download transcript
Summary
Tim Vogel is a seed planter. He loves helping people and businesses grow. His favorite question… What's your superpower? When people work with their natural genius, they deliver their best results — it's that simple. As an entrepreneur and CEO, he has an extensive background in management, customer service, innovation, and starting and running companies.
Top 3 Value Bombs
1. When you get into franchising, it offers all kinds of really viable pathways to those two outcomes that you want, which is freedom and abundance.
2. When we hire someone from a large organization to bring them into an entrepreneurial organization, you'll find that there's an unfounded confidence and it's because there's a bunch of invisible systems behind the scenes that are helping them operate successfully.
3. One big challenge with buying a business is the cash outlay. Oftentimes it's a huge investment up front which takes quite a while for that return on investment to happen.
Visit Tim's website, become a ScentHound Franchise Owner - Franchise ScentHound
Sponsors
HubSpot HubSpot's integrated AI tech is helping teams of all types and sizes automate the more tedious parts of running a business. Learn more and get started today at HubSpot.com
FranBridge Many EOFire listeners have launched franchises in a variety of industries outside of food – and FranBridge Consulting has guided them to these premier opportunities! Sign up for a free consultation with Jon - or get a free copy of his book, Non-Food Franchising - at FranBridgeConsulting.com
Transcript
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| 0:00.0 | Boom, shake the room, Fire Nation, JLD here, and welcome to Entrepreneurs on Fire, brought |
| 0:07.5 | to you by the HubSpot Podcast Network, The Audio Destination for Business Professionals. |
| 0:12.3 | With great shows like Side Hustle Pro, today we'll be breaking down whether to build, |
| 0:17.0 | buy, or franchise, the best way to jumpstart your entrepreneurial journey to drop these |
| 0:22.0 | value bombs I brought to Tim Vogel in the EO Fire Studios, Tim is a seed planter. |
| 0:27.3 | He loves helping people in businesses grow. His favorite question, what's your superpower? |
| 0:32.0 | When people work with their natural genius, they deliver their best results as that simple |
| 0:37.0 | as an entrepreneur and CEO, he has an extensive background in management, customer service, |
| 0:41.6 | innovation, and starting and running companies. Today we'll be chatting about starting your |
| 0:45.8 | journey as a franchisee, the pros and cons of starting a business from scratch, pros and |
| 0:51.1 | cons of buying a business, and personality traits that make for a good franchisee in |
| 0:56.7 | so much more. And a big thank you for sponsoring today's episode goes to Tim and our sponsors. |
| 1:03.2 | The Gold Digger Podcast, hosted by Jenna Koocher, is brought to you by the HubSpot Podcast |
| 1:07.1 | Network, The Audio Destination for Business Professionals. The Gold Digger Podcast helps |
| 1:10.9 | you discover your dream career with productivity tips, social strategies, business hacks, inspirational |
| 1:15.3 | stories, and so much more. One of my favorite recent episodes is titled How I've Built |
| 1:19.2 | an Unmatched Team Culture, an insanely important topic for all business owners to dive |
| 1:23.6 | into, listen to Gold Digger wherever you get your podcasts. Many EO Fire listeners have |
| 1:28.7 | launched non-food franchises, and Frambridge Consulting has guided them. Frambridge's founder |
| 1:33.3 | and frequent EO Fire guest, John Austin, has done more placements than any other in the |
| 1:38.5 | country and his service is free. Sign up for a consultation with John, or get a copy |
| 1:43.1 | of his book Non-Food Franchising at frambridgeconsulting.com. |
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