Becoming Successful through Franchising

Knucklehead Podcast

For many people, owning their own business is an appealing proposition. However, the realities of starting and running a successful business can be daunting. But for those with an entrepreneurial spirit, franchising is a much better option. Franchising offers would-be business owners the opportunity to get started with a proven business model and to benefit from the support of a successful franchisor and a larger organization.

In today's edition of the Knucklehead Podcast, our guest, Jon Ostenson, talks about what inspired him to transition from the corporate to the business world, what led him to scale down his business, and how he guides people through the franchise process.

Jon Ostenson is the Founder and CEO of Franbridge Consulting, a premier source of non-food franchise opportunities for entrepreneurs and executives. Jon is a top 1% Franchise Consultant in the US and a frequent contributor to franchising across various outlets and publications. He is a multi-brand franchisee and has great operators leading these ventures along with his business partners. As a result, Jon can commit over 90% of his time to help others achieve their dreams of freedom and wealth generation through business ownership.

Enjoy!

In This Episode

02:32 - Backstory of Jon Ostenson

04:20 - What inspired Jon to become an entrepreneur

06:52 - What led Jon to scale down his business

12:59 - The difference between start-ups and franchises

18:17 - How seasoned entrepreneurs are entering the franchise business

20:58 - How Jon guides people through the franchise process

26:13 - What was life like after Jon scaled down his business

Favorite Quotes

05:50 - "It's a ton of responsibility when you're bringing team members on, and you are the one that makes the decisions." - Jon Ostenson

11:20 - "Looking back, I made a lot of mistakes in how I handled personnel at a difficult time. I think at times I'm very task-oriented, or it's more cogs in the wheel, how it's very on paper. But then you hear the personal stories on the back end, the worries and concerns that are keeping people up at night. I think I probably could have had a little more empathy early on. I tried to towards the end. Still proud of how we handled it, but there were different bumps along the way." - Jon Ostenson

13:43 - "The most attractive things about franchising are that you've got a proven business model and have the franchisor on the sideline like a coach. The better you do, the better they do. So you're in business for yourself and not by yourself." - Jon Ostenson

26:36 - "I love what I do because I see the fruits of my labor, helping others, and helping my clients get into business ownership. It's one of the most rewarding types of jobs I can imagine. We're creating jobs, and we're creating business owners." - Jon Ostenson

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FranBridge Consulting

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