Welcome to Episode 72 of The Intentional Entrepreneur.

In this episode of The Intentional Entrepreneur, host Dan X. Nguyen interviews Paul Tran, a seasoned entrepreneur with extensive experience in the restaurant and franchising industry. The episode explores the misconceptions and challenges surrounding franchise ownership, emphasizing the importance of being actively involved in the business and selecting the right franchisees.

Tune in now and discover the truth behind running a franchise and why it's not as passive as it seems.

In this episode, you'll discover:

- The misconception of passive franchise ownership and the importance of being hands-on.

- The process of franchising and working with franchise development firms.

- The importance of selecting the right franchisees and the impact they can have on the company.

- Building a strong team and focusing on product excellence over flashy marketing.

- Preparing for franchising, including creating SOPs, training teams, and building marketing and PR strategies.

- Challenges and considerations in financing and potential legal issues in franchising.

About Paul Tran

Paul Tran is an entrepreneur and advisor in the franchise and restaurant space.

Among his career milestones, he’s:

• Co-founded and exited a full service seafood restaurant

• Sold over 1,000 franchises

• Enabled a company to go public

• Scaled restaurants in over 15 countries

• Helped a one-unit mom-and-pop business get acquired by a public company; and

• Allowed companies become more profitable and enjoyable

Today, he:

• Consults emerging restaurant chains on growth;

• Is the largest franchisee of The Halal Guys, with 9 stores in Southern California and $15 million in annual revenue;

• Invests in construction, data, business services, and other food startups.

Links & Mentions from This Episode:

https://paulttran.com/

https://www.linkedin.com/in/paulttran/

https://twitter.com/PaulTTran

About Dan X Nguyen, Esq.

Meet Dan X. Nguyen, Esq., the host of The Intentional Entrepreneur™ podcast. With a background as an attorney, author, and speaker, Dan brings a wealth of knowledge to the show. As the founder of CANEI™ law firm, he has helped many businesses overcome legal hurdles. But Dan's expertise extends beyond the legal field; as an entrepreneur himself, he understands the challenges of building a successful business.

Tune in to The Intentional Entrepreneur™ podcast to gain valuable insights and strategies for thriving as an intentional entrepreneur. Join Dan as he interviews industry leaders and provides actionable advice for business success.

Website: https://caneilaw.com/

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Thanks for listening!

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