Interview with Nick D’Agnillo of Nexus Property Management – Small Business Show episode 207
When starting a Small Business, there’s a few different ways to go. You can start from scratch on your own, work with a partner to create something new, buy an existing business or purchase a franchise.
We’ve talked about the first 3 many times on the show, but not much about buying a franchise, or franchising your own business. Today we’re going to get educated in the franchise business model by Nick D’Agnillo of Nexus Property Management.
Join your hosts Dave Hamilton and Shannon Jean to learn how Nick gained experience as a Real Estate investor to start Nexus Property Management, with a plan to create a business he could franchise. You’ll learn how to get startup information from your future competitors, why up-front and transparent pricing can be a competitive advantage and just how many hurdles are in front of you if you are considering franchising your Small Business.
You’ll also learn the steps required to turn your business into a franchise – from hiring a consultant to analyze your business, to the detailed Franchise Disclosure Document. Nick also shares what costs you will incur and how much money you need to set aside to complete the franchising process.
Listen in for all this and much more, then visit us at the Small Business Support Group to join the discussion and share your own franchising experiences.
Chapters/Timestamps:
00:00:00 Small Business Show #207 for Wednesday, January 23, 2019 00:01:19 Today’s Guest: Nick D’Agnillo from Nexus Property Management on Franchising 00:04:07 Get the secrets from your future competitors… Just Ask! 00:05:45 Franchising Plan from Day One The E-Myth 00:07:36 The Dreaded FDD 00:09:58 The price of starting a Franchising business 00:11:30 Is your business franchisable to begin with? 00:13:13 What makes a successful franchisee? 00:15:29 SPONSOR: Abby Connect . Get $95 off your first bill at AbbyConnect.com/sbs or calling 833-ABBY-WOW 00:17:29 SPONSOR: ExpressVPN – Take back your Internet privacy TODAY and find out how you can get 3 months free, go to ExpressVPN.com/SBS . 00:20:00 Price Transparency 00:21:51 What are Rent4U and Nvest ? 00:26:37 Nexus’s Property Investment Calculator 00:30:00 Mistake: Hiring for Skills not Attitude 00:33:03 “No, that would be doing a disservice to all of my clients.” 00:34:32 SBS 207 Outtro NexusPropertyManagement.com 888-Nexus-5-5 [email protected]
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