The Profit Process Podcast...
 

Yesterday, in a conversation with friend Steve DiMarco, we discussed the reason why so many buy into FRANCHISES, and he said it was due to the already established process.

And that led us into a discussion about the processes of businesses, from the extremely simple (albeit PROFITABLE) idea of Chatteling to the very complicated International trade and/or the supply chain of many Franchises.

I have told the story about setting my TV on the front porch with a 4 SALE sign on it, and quickly sold it for cash (cause it was so cheap). That is the most simple process in all of business/Entrepreneurship. Direct person to person TRANSACTION.

After this discussion I spent some time looking over many franchise and distributorship opportunities and other Biz-Op to see if I could identify the PROCESS.

And I came to a conclusion, it really boils down to this: HOW EXACTLY to get your Customers' money into your pocket.

Every other thing involved is in support of the transaction.

For example, a pizza shop franchise needs a location, all the equipment, all the supplies, MARKETING and all before a single profitable transaction takes place.

Also, I think (but reserve the right to be wrong) that one can USE the process as an analytical tool to help choose the right Biz-Op.

In looking at supply chain processes, we can see why and how tariffs (if continued) will have an impact on near future profits as the process of getting supplies becomes more difficult or takes a longer time.

Anyhow, do you think by looking at and analyzing the processes of a given Biz-Op would help you or others with the decision on which type of Profit Process you choose?

Gordon

Serial Entrepreneur, Bob Morrison, Told me His Biz Selling Secret
 

Merry Christmas Dien/Gordon,

Jay wouldn't let Bob Talk ON STAGE about his FAVORITE Repeat
Biz to Buy and Sell.

Nevada - BORDELLOS.

Badly run.

Girls are Treated and Paid Badly.

Bob Had Turned around and sold 9 of them.

But because I ate lunch WITH or Near Bob at many of the 15
Jay Abraham events I bartered my way into.

I Heard his SECRET.

Mom and Pop Grocery stores - Bankrupt to over a million in Sales in 8 months
with a CAN'T SAY NO postcard HEADLINE mailing.

Washer and Dryer Biz - Bob Cold called Housing Develments by zip codes
to find out WHERE home owners SHOP. So he only mailed offers
to folks IN THE HABIT of shopping in the Mall where the Store
he wanted to Buy was located.

BUT HIS SALES SECRET when he wanted
to CASH IN and Sell the Biz?

Bob Put in the Contract.

"Bob Morrison to Keep 5% of the Biz" And be available for Advice
And Consulting.

Bob said, "Nobody ever Calls for Advice. But without me KEEPING 5%
I can't even GIVE the Biz away.

"Even though I have TEN TIMES'd the sales.

Thanks,
Glenn