Why I Left Finance For This: Insights and Opportunities - With Fred Fry Artwork

The Franchise Hot Seat Podcast with Dr. John P. Hayes - Director, Titus Center for Franchising

Internationally recognized speaker, personal business coach and Amazon best-selling franchise author Dr. John Hayes offers an honest look at everything involved in researching, evaluating and purchasing a franchise business. On this podcast, Dr. John P Hayes interviews Franchisors, Franchisees, and has solo episodes giving valuable advice in the Franchise Industry. Since 1979, John Hayes has worked in the franchise community as a consultant, franchisee and franchisor. He’s one of an elite group worldwide that has actually owned and operated franchises, including serving as CEO of a major American franchisor company, and advised franchisors and franchisees. He is the author of several franchise-related books and countless articles that have appeared in media worldwide. Dr. Hayes has served for many years as an advisor to franchisors, franchisees and small business owners internationally. His areas of expertise include management development, marketing, customer service, training and strategic planning. He is the author or co-author of 18 non-fiction books including Franchising: The Inside Story, Start Small, Finish Big, You Can’t Teach A Kid To Ride A Bike At A Seminar, and most recently Buy “Hot” Franchises Without Getting Burned. Keywords: franchise tax board , chick fil a franchise , the franchise guy , best franchise to own , franchise business , buying a franchise , franchise opportunities , opening a franchise , owning a franchise

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The Franchise Hot Seat Podcast with Dr. John P. Hayes - Director, Titus Center for Franchising

Why I Left Finance For This: Insights and Opportunities - With Fred Fry

May 12, 2025 • Dr. John P Hayes • Season 1 • Episode 58

DESCRIPTION:

In this episode of the Franchise Hot Seat, host John Hayes interviews Fred Fry, Vice

President of Franchise Development for 16 Handles. Fred shares his career journey

from banking and finance to the franchise industry, highlighting how he discovered

franchising through a friend at church after relocating to Texas. He previously

worked with HTO and Shipley Donuts, where he played key roles in their significant

growth. The episode dives into the appeal of franchising, the opportunities for

financial and personal growth it offers, and the challenges and benefits of different

franchise concepts. Fred emphasizes the importance of community involvement,

systems, and strong management in ensuring franchisee success. The conversation

also touches on financing options for franchisees, including SBA loans. Fred

discusses the strategic decisions that new leadership at 16 Handles has made,

including community engagement, technology stack improvements, and leveraging

social media, to ensure the brand's growth and success.

- With Fred Frey

TIMESTAMPS (Use ChatGPT on Transcript):

00:00 Intro

00:28 How did Fred start franchising?

01:57 What drove transition to franchising?

03:32 Why franchise in Texas? Costs?

05:29 Biggest franchise development challenges/rewards?

07:31 How to finance franchise investments?

10:20 Best ownership style for engagement?

16:48 Why is franchisor support crucial?

21:04 What killed frozen yogurt's boom?

30:23 Why are franchise systems important?

LINKS:

WEBSITE: http://franchisehotseats.com/

LinkedIn: https://www.linkedin.com/in/drjohnhayes/

Twitter: https://twitter.com/drjohnhayes

YouTube: https://www.youtube.com/c/Howtobuyafranchise

Instagram: https://www.instagram.com/hayesjph/

TikTok: https://www.tiktok.com/@johnphayesfranchise

Pinterest: https://www.pinterest.com/DrJohnHayes/

Facebook: https://www.facebook.com/franchisehotseatpodcast