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Join us on Average Joe Finances as our guest Alex Filipuk shares about his journey from Belarus to becoming the founder of Ideal Siding, the largest siding franchise in the United States and Canada. Alex shares his experiences of moving across countries, starting his business from scratch in Vancouver, and scaling it to a successful franchise. They discuss the differences between typical franchises and high-ticket franchises, the importance of management and leadership for business owners, and the major challenges new franchisees face. Alex also provides valuable advice for aspiring franchise owners, including key questions to ask before starting a franchise and the importance of being prepared for change in a rapidly evolving market.
In this episode:
- Learn how resilience and adaptability can turn global challenges into entrepreneurial opportunities.
- Discover why strategic market research is essential when choosing where to start and grow a business.
- Understand the keys to scaling through franchising, from operational systems to customer satisfaction.
- Grasp the importance of strong support networks and capable teams in driving franchise success.
- And so much more!
Key Moments:
00:00 Introduction and Welcome
00:54 Guest Introduction: Alex's Journey
01:23 Building a Business from Scratch
04:43 Franchising and Expansion
20:26 Challenges and Phases of Growth
29:10 Final Round: Insights and Advice
37:05 Closing Thoughts and Farewell
Find Alex Filipuk
Website: https://idealsiding.com/
LinkedIn: https://www.linkedin.com/in/idealsiding/
Facebook: https://www.facebook.com/ideal.siding.franchising
Instagram: https://www.instagram.com/ideal_siding/
Average Joe Finances®
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About Mike: https://mikecavaggioni.com
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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