In this episode, we speak with Mike Andes, founder and CEO of Augusta Lawn Care, who shares his journey from aspiring surgeon to successful entrepreneur. Mike discusses the challenges and strategies involved in scaling a landscaping business to over 150 locations, the innovative pay-for-performance compensation model, and the importance of building complementary businesses.
Mike outlines realistic expectations for franchisees and emphasizes the value of recurring revenue over one-time projects. Mike shares insights from his books and his vision for the future, including the potential for robotics in the landscaping industry.
Mike has a big presence on YouTube via his channel https://www.youtube.com/@MikeAndes
Mike’s book Millennial Millionaire: The Young Entrepreneur's Guide to Breaking Out of the Middle Class is available on Amazon at https://www.amazon.com/Millennial-Millionaire-Entrepreneurs-Breaking-Middle/dp/0692743030
Takeaways
- Having a large vision helps attract talented individuals.
- The transition from working in the business to managing it is crucial.
- Franchising can provide a scalable model for growth.
- Pay for performance aligns employee incentives with business success.
- Recurring revenue is more sustainable than one-time projects.
- Building a community around your business fosters loyalty and growth.
- Investing in systems and procedures is essential for scalability.
- The right mindset and culture are key for franchisee success.