Is Your Business “Franchiseable?” with Rick Morgin | Live with Bottleneck
On today’s Live with Bottleneck, our guest Rick Morgin talks about how franchising businesses, and if your business is franchiseable. We also talk about what steps you could take if you plan to make your business into a franchise in the future.
Rick Morgin is a Consultant with The Franchise Consulting Company. They assist clients with the educational process of researching and selecting available franchise businesses that best suit desired lifestyles and financial goals. The research, qualification, and application service they provide is free; their fees are paid by the Franchise company when a client opens their business.
So if you want to learn more about franchises and how they work, stay tuned to this episode.
Who is Rick Morgin?
Rick Morgin had a long corporate career in the beverage industry. He has sold, marketed, and financed wine, beer, and spirits. But as the years passed, he found himself repeating the same things over and over again.
I was just saying to myself, “okay man, do you want to go through this process again?” I thought, maybe there’s something that you can take your experience, your skills and apply it to something different.” – Rick Morgin
He later found himself in a networking meeting and met a woman who had left her banking and financing career that was also starting out in the franchising industry. Three months later, he was hooked to franchising, and never looked back.
Rick Morgin on Franchising
Rick explains that there is more to franchising than just food and retail stores. If one has a business that can thrive in different areas, and is not just a niche in a specific market, chances are that it could be franchised.
One of the ideas that Rick gives is a business that produces a certain solution that can lessen the consumption of water on carwashes. That idea not only can be sold in different areas, but also helps those particular areas with drought, or doesn’t have access to huge reserves of water.
Fostering an Ecosystem of Franchisers
Rick talks about having an ecosystem of business owners that he and his team educates with regards to not only becoming a franchise, but growing it and expanding it to other markets.
Aside from that, they also play host to several expos that help create networks between fellow franchisers, and create connections with other business owners. Some of these interactions could lead to partnerships, or even expanding franchises to other markets and services in the long run.
Rick and his team provide these business owners with the chance to create leads on their own, and at the same time, encourage them to educate other business owners who might want to expand and take their business to the next level.
To hear more from Rick Morgin and how to find out if your business is ready for franchising, continue listening to this episode.
Bio
Rick Morgin is a Consultant with The Franchise Consulting Company. They assist clients with the educational process of researching and selecting available franchise businesses that best suit desired lifestyles and financial goals. The research, qualification, and application service they provide is free; their fees are paid by the Franchise company when a client opens their business.
Connect with Rick Morgin!
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About Jaime Jay
Meet Jaime Jay – a man who wears many hats, and wears them all admirably. He's a master connector, an entrepreneur extraordinaire, and a published author who knows how to get things done.
Before he found his way to the business world, Jaime served his country as a brave paratrooper in the U.S. Army. But that's just the beginning of his many accomplishments.
He's the founder of the renowned Bottleneck Distant Assistant Services firm, and his book "Quit Repeating Yourself" has become a must-read for entrepreneurs everywhere.
When he's not busy building his empire, you can find him on his beloved Harley Davidson, cruising through the countryside and taking in the invigorating effects of Uitwaaien – a Dutch practice that involves facing the wind to boost health and relieve stress.
He enjoys spending his free time outside building stuff with his wife, Nikita the dog and their two kittens (for now at least) Tommy and Tater.
He is ‘over-the-moon’ happily married to his wonderful wife Sara, his amazing daughter, Jessica, who is serving our country as a United States Army soldier. Jaime and Sara are the proud grand parents of two beautiful little girls.
Victoria Dorsano2023-09-17Bottleneck has been such an amazing support for my business! They have a seamless process to ensure you find the right fit for your DDA. I am so thankful I started working with them! I'm now able to accomplish so much more in my business with a personal DDA and editing team on my side. Thank you!!
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Karen Ravano2022-09-24I am grateful and blessed to be part of this team. It’s such a wonderful experience because i gain more experience and help me enhance my basic skills. This will be my stepping stone to my career as a newbie in this kind of industry. It would help to reach my goals.
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Tinoe D2022-09-09I don't remember the last time I loved what I was doing until Bottleneck came into the picture. I love working for bottleneck, they are professional. The management makes the workplace fun and they're very flexible. I definetly recommend that you make that important switch and be part of something big today by joining BNDA.
Michael Goodcliffe2022-09-09Jaime and his team are incredible at what they do! Joining them has been one of the best decisions in my life! I whole heartedly recommend them to anyone who are looking to scale and improve their business. Their highly 'Dedicated Distant Assistants' are well trained. They are top notch!
GM Simon2022-09-08Working with Bottleneck is not just having one or two assistants working alongside you. You have the support of the whole team behind them as well.
Ma. Edeliza Silot2022-09-07Aside from the knowledge gained, the trainers are highly commendable.
Sara Knox2022-09-07What an awesome business! Finally, a way to hire the RIGHT person for my administrative tasks and they are remote! No office space to consider, W2's, 1099's or payroll. Jaime and his team of remote workers are top-notch! I hired my first assistant in May. I recently suffered a motorcycle accident and it left me unable to work for 2 weeks. But my assistant stepped right in to guide our CEO on all matters financial. It’s so nice to have that stress eliminated from my life!
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Quit Repeating Yourself provides guidance for entrepreneurs, business leaders, and managers to help prevent unknown challenges from ruining their business.
