In Episode #410, Nathan interviews Josh Herron, one of Bryan’s best franchisers at 1-800-GOT-JUNK. Josh and his partner Tyler have been through the grinder as entrepreneurs, but they have now created a franchise worth millions. Learn about franchising and if it’s the right path for you to become a business owner and start seeing dollar signs.



iTunes, Google Play, Stitcher, Soundcloud, How to Subscribe

Famous Five:

Favorite Book? – Start with Why
What CEO do you follow? — Jack Welch
Favorite online tool? — iPhone Notes
Do you get 8 hours of sleep? — No.
If you could let your 20 year old self know one thing, what would it be? – All of your hard work will create something magical.

Time Stamped Show Notes:

01:40 – Nathan introduces Josh
02:15 – Franchisers must be entrepreneurial by nature
02:35 – Josh got an opportunity to get into two franchises, and that was his first leap into entrepreneurship
03:10 – Wanting to be your own boss and becoming successful
03:40 – Josh was managing a 1-800-GOT-JUNK location when it got bought out by another owner, his friend Tyler

04:45 – It was an opportunity for Josh to work with someone that he got along with
04:58 – The business did $750000 the year before it sold to his friend
05:30 – It was very immature when Tyler was looking to buy it
06:15 – The deal was more about what was needed for the business to grow
06:30 – The previous owners were very motivated to get rid of it

07:15 – As the business progressed, they bought an OxiClean franchise as well

07:45 – They bought the company to add more money to their bottom line
08:35 – Starting from the ground up

09:23 – What should people look for when buying a franchise?

09:40 – You can learn from people who have done it before
09:57 – You have a lot of support from others
10:10 – You have more freedom than you might think
10:25 – Some franchises have more upfront expenses

11:20 – OxiClean did $200000 the first year, top line

12:00 – They sold the business for $100000 and broke even

12:35 – Last year he did $5.5 million top line
13:00 – How to expand it

13:10 – Buying out other partners
13:20 – Advertising and good employees

13:40 – A huge opportunity even in a small town
14:14 – What do you do with the bottom line?

14:30 – A lot is reinvested
14:40 – They want to expand their footprint

15:05 – How to become a millionaire as a franchiser

15:20 – You have great support and you can maximize your business
15:50 – He’s doing better than some of the other people he knows

16:10 – Connect with Josh on LinkedIn
16:30 – Follow their Facebook Page, 1-800-Got-Junk? Kansas City
18:45 – The Famous Five

3 Key Points:

Franchisers must think like entrepreneurs to be successful.
Owning a franchise will give you more freedom than you’d expect.
If you run your franchise right, it can become a million-dollar business.

Resources Mentioned:

Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks – The site Nathan uses to manage his invoices and accounts.
Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Toptal – Great for business people to start building their app
Start with Why – Josh’s favorite book
Show Notes provided by Mallard Creatives

The post From Worker to Owner Does $5m in 2015 Franchise Model with Josh Herron of 1800GotJunk appeared first on Nathan Latka.

Share This Page On:

Click ►HERE◄ to get this Social Footer for FREE... CLOSE

Let's Change Your Life Today!

Let me provide you with all the best articles, tips, tools, and training you need to become an online success using Affiliate Marketing.

Social Media

Contact Me