Welcome back to the Franchise My Business podcast, hosted by Kevin Oldham! In today’s episode, we dive deep into the fascinating world of franchise business. We’ll be discussing the unique challenges and potential rewards of owning a franchise, particularly for those with lower incomes. Join us as our guest speaker, Kevin Newton the President and Chief Executive Officer of Honest Abe Roofing, reflects on his own experiences, having bought and revitalized a struggling business during the pandemic.
Can someone earning less than $100,000 a year truly believe in the promise of earning $2.6 million the following year?
And even if they do, do they have the necessary skills and abilities to run a franchise that generates a whopping $10 million in revenue?
They share personal anecdotes about the hurdles they faced and the valuable lessons learned along the way. From handling employee issues to developing a winning strategy, our guest offers insights and advice, drawing from their own unique background in the roofing and construction industry.
HIGHLIGHTS
The Pride of Growing: Transforming Careers and Changing Family Trees – Kevin Newton
“I take a lot of pride, if you will let me use that word, in seeing people grow. And, like, I’ve seen we have a position called field manager in our group. As a unit per location, you’d have a field manager. Some people would call that name like a superintendent, and some contracting to realms and our foreman potentially. We call a field manager. I have, like, the guy in an entry level position for our group’s location. And we’ve got field managers who are now running locations and overseeing regions. So it’s exciting to see people who come in the positions are paying $50 – $60,000 a year, and they’re in the mid 6 figure income, you know, within 3 or 4 years. So it’s cool to see how you get a chance to change people’s trajectory. It may even be their family trees depending on their background.”
Connect and learn more about Kevin Newton by visiting his socials below:
- LinkedIn: https://www.linkedin.com/in/kevin-newton-40948472/
- LinkedIn: Honest Abe Roofing Franchise, Inc.
- Website: Honestaberoofingfranchise.com
Find out more about Kevin and Franchise My Business:
- LinkedIn: Kevin Oldham
- Website: Franchise My Business