Franchise Success: Minimizing Risk

Have you considered franchising your business?

With 80% of franchises still running after 5 years, compared with 80% of startups failing in the same amount of time, it has to be an option to consider.

In this episode I am joined by Iain Griffiths, Founder of The Party Tent Company, which he took from side hustle to full on franchise and still scaling. Iain shares what it took to become a franchise and the successful model to bring on new franchisees.

Iain’s journey has had personal challenges. A divorce from a toxic relationship led him to embracing therapy in multiple forms to help his mental health, which has gone on to change his life for the better.

If you’ve ever had the tiniest thought about franchising, or you’re done with your job looking for a new opportunity this episode is definitely for you.

“80% of franchises are still trading after 5 years” – Iain Griffiths

You’ll hear about:

• Franchising offers a solution that minimises the risk.
• Franchising requires careful planning and support for franchisees.
• Therapy can be a transformative experience for mental health.
• Building genuine relationships with franchisees fosters a supportive community.
• Life after a toxic relationship can lead to newfound freedom and happiness.

00:00 - Embracing Change and Personal Growth
02:56 - The Birth of a Business: From Side Hustle to Franchise
05:45 - Franchising Insights: The Journey to Expansion
08:59 - Support Systems: The Backbone of Successful Franchising
11:53 - Navigating Challenges: The Mindset Shift in Franchising
15:05 - The Appeal of Franchising: Minimizing Risks and Maximizing Success
17:54 - Balancing Act: Family, Business, and Personal Growth
21:26 - Navigating Business Pressures
24:41 - Franchising Dreams and Challenges
26:30 - Personal Struggles and Professional Growth
29:00 - Therapeutic Journeys and Self-Discovery
31:06 - Evolving Relationships and Boundaries
35:01 - Embracing Life at 40 and Beyond

Connect with Iain:

LinkedIn - https://www.linkedin.com/in/iaingriffiths/
YouTube - https://www.youtube.com/@thepartytentcompany
Instagram - https://www.instagram.com/thepartytentcompany/
The Party Tent Company - https://thepartytentcompany.com/

Connect with me:

My website - https://leaturner.co.uk/
LinkedIn - https://www.linkedin.com/in/lea-turner/
Instagram - https://www.instagram.com/leaturnerholt

Find out about The HoLT:

The HoLT - https://www.the-holt.com/
The HoLT on LinkedIn - https://www.linkedin.com/company/theholt
The HoLT on Instagram - https://www.instagram.com/theholtcommunity/
Facebook - https://www.facebook.com/theholtcommunity
The Vault - https://www.the-holt.com/vault

Join The Holt waiting list - https://www.the-holt.com/waitlist

This podcast is sponsored by QDos. Use the code LEA10 at the checkout to get your discount when signing up - https://my.qdoscontractor.com/code/10255/115219