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Friday, January 19, 2018
But a founder's passion isn't enough on its own. Gary Green, an experienced franchise sales executive and CEO of Strategic Franchising, got involved with Pet Wants in 2015, taking the founder's idea of making and selling natural, healthy pet food to a national audience. "And that combination was dynamic," Hoots said.
It takes more than a founder/sales pro combo, though, Hoots said, noting that other brands in Green's portfolio, such as Fresh Coat, Caring Transitions and The Growth Coach, grew successfully but much more slowly than Pet Wants.
A key factor is good timing, he said, which is due as much to luck as anything else.
"A lot of their success coming out of the gate was finding a concept that appealed to a broad range of people. Like a lot of concepts you've talked to, timing was spot-on for us."
Hoots was with American Family Care for nearly five years, and before that Ripley Entertainment, the franchisor of Ripley's Believe it or Not attractions, as well as 1.800.Flowers and Domino's. "I've learned one thing is consistent across all those franchise organizations, and that is if you work hard to support the franchisees and help them be profitable they will in turn help support the franchise organization and help build the brand". I'll share more of his advice for emerging franchises in an upcoming print piece.
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