123: James Hilovsky - Franchising 101 for Athletes

Career Clarity with Athletes: A 2ndwind Podcast with Ryan Gonsalves

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How do athletes' skills on the field translate into successful franchise ownership? In this episode, we sit down with franchisee broker James Hilovsky from California. James shares his unique insights on the natural fit between athletes and franchising, explaining how the structure, teamwork, and coaching inherent in sports prepare athletes for franchise entrepreneurship. You'll learn why athletes' self-confidence and risk-taking abilities often lead them to outperform their corporate peers in the entrepreneurial world.
James takes us through his comprehensive process as a franchise consultant, walking us through each step he takes to match athletes with the perfect franchise opportunities. From assessing industry interests and investment levels to choosing between owner-operator or manager-led models, James provides a detailed look at the fundamentals of franchising, including initial fees, royalties, and marketing costs. Using a hypothetical scenario of a former pro athlete, he illustrates how he guides clients to make informed decisions that align with their goals and aspirations.
Tune in to learn more about:

- The step-by-step process of launching a franchise, from that first call to signing the Franchise Disclosure Document (FDD).

- Insider tips on evaluating a franchisor’s support system and navigating the FDD.

- Why athletes have a unique edge in the franchising world, and how you can leverage it.

- How to validate a franchise opportunity, including what questions to ask existing franchisees.

- Realistic expectations, common misconceptions and pitfalls in franchising, and how to stay proactive in your business journey.

- A sneak peek into examples of franchises athletes are conquering, from fitness centers to niche services like dog poop cleanup.

- Why athletes often find more satisfaction in the autonomy and challenges of running their own business.

…and so much more!

Are you looking for Career Clarity for your next step, for more information, or to book a consultancy, make sure you check out www.2ndwind.io

Links:

Website: https://www.thefrandream.com

Linkedln:https://www.linkedin.com/company/the-frandream/

Email: [email protected]

Chapters

1. Athletes Transitioning Into Franchises (00:00:00)

2. Franchise Matchmaker Helps Athletes Transition (00:05:03)

3. Franchise Options for Athletes (00:10:22)

4. Franchise Coaching Process Explained (00:18:55)

5. Athletes in Franchising for a Cause (00:28:52)

6. Athletes Transitioning Into Business (00:38:17)