Ep.231 ~ Is it Time for You to Franchise? ~ Matt Miller
~ Current Series ~
Interviewing 100 Entrepreneurs w/ $100k Businesses in 100 Days
“To commit to something a year in advance mentally for a lot of people is difficult…most of us are making a decision this week or maybe a couple of months down the road.” Matt Miller
Ever thought about franchising? Many of our listeners are getting to a point in their business where they are thinking about making that move. It can be a big leap to take your business to the next level and serve more customers.
Today’s guest is Matt Miller and he is the founder of School Spirit Vending. Matt literally started this business setting up gumball machines at schools around his hometown. Fast forward to today and School Spirit Vending has 100 franchise families working with their organization, they serve 2,500 schools in 42 states in the U.S. and has raised $5,000,000, yes $5,000,000 for schools in 5-years 50 cents at a time.
So if you are thinking about moving into the franchise world and want to learn more about the science of this process check out this episode.
“The thought process of being consistent over a period time is the thing that is so crazy simple that most people don’t get it.” Matt Miller
01:51: Who is Matt Miller?
07:48: Starting School Spirit Vending and Building It Into a 100 Member Franchise
09:04: The Importance of a Checklist in Business (aka SOP’s)
15:52: On Teaching Franchisee’s the Business Process
18:50: The Traits Matt Looks for When People Join His Organization
25:47: Do You Want to Franchise Your Business? Start Here
“You’re not going to learn or figure it all out by sitting at home online trying to figure it out and looking for answers there.” Matt Miller
Aron Walker and Dave Ramsey
‘Outliers’ by Malcolm Gladwell
‘Live Your Dreams - The Top 10 Reasons Why You Need to Own a Vending Business'