Missy Wright: What Actually Makes a Franchise Work (And Why Most People Get It Wrong)
MAR 31, 202642 MIN
Missy Wright: What Actually Makes a Franchise Work (And Why Most People Get It Wrong)
MAR 31, 202642 MIN
Description
Send us Fan MailMissy Wright did not plan on a career in franchising, but once she got in, she saw the impact it can have on people’s lives and never left.In this episode, Missy breaks down what really makes a franchise successful, what separates the people who thrive from the ones who struggle, and what most people misunderstand before they invest. We also talk about what it takes to scale a brand the right way and what happens when companies grow too fast.This is not a surface level conversation. We get into the responsibility that comes with guiding people into business ownership, how to make better decisions as a leader, and why following the system matters more than people think.We also talk about life outside of work. Missy shares what it looks like to lead at a high level while raising two young kids, how she sets boundaries, and why taking care of yourself is not optional if you want to sustain success.Show NotesMissy Wright is the Vice President of Franchise Development at Five Star Franchising. She has worked across multiple industries and has helped bring hundreds of people into business ownership.In this episode, we talk about:The difference between entrepreneurship and franchisingWhy franchising can reduce risk if done rightWhat actually makes a franchisee successfulThe biggest mistakes people make when buying a franchiseWhy following the system matters more than people thinkWhat happens when brands grow too fastHow to evaluate a franchise opportunityThe role of marketing, hiring, and decision making in successHow strong brands maintain culture as they scaleWe also talk about:The responsibility of guiding someone into business ownershipLearning to say no to the wrong candidatesHow sales should actually be approachedBalancing leadership and motherhoodSetting boundaries and protecting your timeWhy taking care of yourself is not selfishConnect with Missy WrightLinkedIn: https://www.linkedin.com/in/missy-wright-cfe-960a6041/ Website: https://fivestarfranchising.com/---Subscribe and ReviewIf you loved this episode, drop us a review, share it with a badass woman in your life, and subscribe to Badass Women in Business wherever you get your podcasts.Stay badass. Stay bold. Build it your way.Keep up with more content from Aggie and Cristy here:Facebook: Empowered Women Leaders Instagram: @badass_women_in_businessLinkedIn: ProveHer - Badass Women in BusinessWebsite: Badasswomeninbusinesspodcast.comAthena: athenaac.com