22 | John Hewitt | A Billion Dollar Exit with Franchises

Rodric talks to the one and only John Hewitt.  A franchising expert with over 50 years of experience, John has founded two $500M companies, as well as two of the top 100 retail chains in the country and helped over 5000 people achieve their dream of business ownership. Over the last few years, John’s founded and built a thriving new success story in the form of Loyaly Brands; an interconnected group of franchise businesses and services with an impressive track record.John talks to Rodric about his experiences in building successful franchise businesses, the success and continued growth of Loyalty Brands into the pet sector and also reveals how the entrepreneurial spirit of franchisees (or INtrepreneurs) allows franchise businesses to spot opportunities and innovate in ways corporations often struggle to.What You Will Learn In This Episode:How John founded, built and scaled multiple successful businesses.Why 'intropreneurs' are the source of innovation within a franchise.The value of being open to criticism in your business.Real-world examples of businesses who failed to innovate.Quote:“I brought in 5,200 franchisees. 1,000 became millionaires, 1,000 went out of business…The 1,000 millionaires - they listened 98, 99 percent of the time. The 1,000 people that went out of business - they listened less than 90 percent of time.” - John HewittGuest links:Loyalty BrandsJohn’s bookResources:Million Dollar Flip FlopsFollow Us on Insta Ready to transform your business and your life while making a difference? Grab your copy of *Million Dollar Flip Flops*—the ultimate guide to creating a life and business that feels just as good as it looks. And here’s the best part: 100% of the proceeds go directly to our foundation, Send a Student Leader Abroad, with a goal of sending 1,000,000 deserving kids on life-changing trips around the world.As a thank you for your support, we’re offering exclusive bonuses available only for our podcast listeners. These bonuses are packed with extra tools and resources to help you implement the principles from the book faster and more effectively.Don’t miss this opportunity to gain invaluable insights, impact a young leader’s life, and be a part of something bigger. Click the link, order your copy, and claim your listener-only bonuses today! Together, let’s change lives—one trip at a time.www.MillionDollarFlipFlops.com/book**P.S.** Every book you buy gets us one step closer to sending 1,000,000 kids on life-changing adventures. Let’s make it happen!