Don't Buy Yourself a Full-Time Job
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In this episode, Oleksij Rak talks with Storm Miller, Senior Director of Franchise Development at REP'M Group, about how a franchise development partner chooses brands, how candidates are found and qualified, and where AI helps and where it still needs a human.
Storm Miller is the Senior Director of Franchise Development at REP'M Group, a full-service franchise development company that began as an outsourced construction arm for emerging franchisors and now partners with 17 brands through its franchise sales division. He has been with the company for going on seven years and has launched four brands in very different industries, including anti-aging medical spas, ice cream and chocolate, cabinet restoration and roofing.
Not another FSO. What REP'M Group does across its four divisions, and what it means to partner with brands rather than own them.
Choosing the right brands. What a development firm looks for in a concept and in its leaders before taking it to market.
Finding and qualifying candidates. Where candidates come from, and what gets checked before anyone moves forward, from territory to professional background.
A stiff process, by design. Why discovery is long and structured, and what it filters out.
Franchisor economics. Where franchise fees go and how long it takes a brand to reach royalty sufficiency.
AI in franchising. How candidates use it to read documents, where it makes mistakes, and where it could help a franchise developer.
On the best compliment a candidate can give:
"If you can't tell who's working for whom, that means it's working."
On the shift every founder goes through:
"Once you franchise the business, you're not just a small business owner anymore."
On why the process is the way it is:
"If you can't follow that simple process, you're going to struggle to follow a two to three hundred-page operating manual that you're going to be handed once you sign a franchise agreement."
On the first call:
"I'd rather know on the first call."
On AI:
"It's the people who understand how to harness the tool that will ultimately succeed in the long run."
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