How Open-Book Management Strengthens Franchisor and Franchisee Relationships
Franchising a business isn’t something new. Some of the most recognized brands, including McDonald's and others, have franchises worldwide, making them incredibly popular among consumers. But what’s it like to franchise a small business? Listen below.
Franchising a business isn’t something new. Some of the most recognized brands, including McDonald's and others, have franchises worldwide, making them incredibly popular among consumers. But what’s it like to franchise a small business?
Mike Andes started mowing lawns when he was 11 years old. Although he did it to save for college, he soon realized he could turn it into a profitable business. And fourteen years later, Mike is the CEO at Augusta Lawn Care. This 25-year-old entrepreneur has already expanded his company to over 40 locations around North America. And he doesn't plan on stopping there. "We're looking to get 500 franchisees over the next five or six years. And so we're growing and scaling from here," confirms Mike.
Mike started the franchising journey by becoming a franchisee of Anytime Fitness. His background in the franchising field has made him understand the importance of a good relationship between franchisors and franchisees. His open-book management approach where communication is on point, and high levels of professionalism and dedication are maintained by both franchisors and franchisees have been essential to the success of his business.
In this episode of the Small Business Blueprint podcast, Mike talks about the challenges with franchising a business, hiring new people, the pandemic, and other exciting topics.