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

How Franchising Transformed My Career - With Mary Thompson

Dr. John P Hayes Season 1 Episode 67

DESCRIPTION:

John Hayes interviews Mary Thompson, CEO of BNI and chair of the International 

Franchise Association's Board of Directors, who shares her journey from the Marine 

Corps to franchising via a company called Cookies by Design. Thompson highlights 

the importance of franchising in developing her business skills and its 

transformative impact on her career. She discusses her career progression, including 

roles at Mr. Rooter and the Dwyer Group, and emphasizes the importance of value 

alignment in franchising. Thompson provides insights into the importance of 

networking, her experiences with private equity, and the operations at BNI. She also 

discusses the wider goals of franchising, its impact on local communities, and 

ongoing efforts to educate the public and lawmakers about the benefits of 

franchising. Thompson's commitment to service, both in business and through her 

role at the IFA, is also discussed.

- With Mary (Kennedy) Thompson.

TIMESTAMPS:

00:00 Intro

00:52 How did you discover franchising?

01:52 What is the Cookie Bouquet story?

04:40 Why transition to Mr. Rooter?

10:57 What is franchising's biggest value?

19:30 How does BNI work?

24:50 What is the BNI investment?

26:42 What is BNI's core competency?

30:44 What is "Givers Gain"?

43:03 Biggest franchising challenge and opportunity?

LINKS:

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