S1 E2: How to Create a Dunkin' Donuts Empire

When you’re not ready to join the family business, franchises are a solid alternative. Usman Chaudrhy is now the owner of 6 locations and scaling fast. Usman has made the transition from corporate worker to multi-unit owner, but not before he learnt all the lessons that have made him a success. Now with 6 Dunkin’ Donuts stores under his belt and 3 more under construction, he has his eyes set on growth, The Wolf and Usman discuss what it’s like growing up the son of entrepreneurs, why doing in-depth research is the foundation to building a successful business and how to assess lenders based on specificity, rather than emotional response. You’ll hear why Usman is fine with paying royalties, how to tackle banks who may not want to lend to you and the advantages of opening a franchise near a college campus. Deep thinking and research are Usman’s superpowers and this dedication to detail is something he shares with show sponsor FranShares, who are making it easier to build, manage and grow your franchise empire from as little as $500. Find out more at: franshares.com Follow Usman on: Twitter:  twitter.com/UsmanJazab Check out The Wolf’s newsletter: https://workweek.com/brand/the-wolf-of-franchises/ Stay up-to-date on all things Franchise Empires by following The Wolf on Twitter: https://twitter.com/franchisewolf

Om Podcasten

Most startups are doomed to fail. But there’s an alternative route to financial freedom for hungry entrepreneurs. One that involves far less risk, far more work-life balance, and just as much profit. Franchises. Franchise Empires gives aspiring franchise owners the playbook to build a multi-unit franchise empire of their own. Every episode we hear from guests who are building their franchise empire: Franchisees who started with one unit and aren’t stopping until they get to dozens, hundreds, or even thousands more locations. Hosted by The Wolf, you’ll hear exactly how to turn your ambition into tangible actions and take your first steps up the franchise ladder. We’ll break down the steps you need to take open your first franchise, your second location and beyond, along with the many pitfalls to avoid. Wolf answers all your questions about owning and running your franchise, and interviews guests with first hand experience like Greg Flynn, the multi-billion dollar restaurant franchisee, Jamie Weeks, the largest OrangeTheory franchisee in the world who’s launching his own fitness franchise SweatHouz, and Jason McGowan, Co-founder and CEO of Crumbl cookies. Want to get started on your franchise owning journey? Tune in every Tuesday for a new episode. Make sure to subscribe wherever you get your podcasts. Interested in participating as a guest at Franchise Empires? Submit your request here!