Risk, Growth, and Resilience: John T. Hewitt's Entrepreneurial Blueprint

Business, Bourbon and Cigars

What would it take to create a national business services franchise?

How do you go about transforming a small business from nothing into a multi-billion-dollar company?

Today’s guest is John T. Hewitt has achieved both of these feats. John is an entrepreneur at the peak of his game. John was the co-founder of Jackson Hewitt, the founder of Liberty Tax Service, and is now the CEO of Loyalty Brands. He’s also a franchise expert with over 50 years of experience.

Join Scott and John as they explore:

* How John’s father inspired him to become an entrepreneur, leading him to co-found Jackson Hewitt Tax Service, which grew into a billion-dollar company.

* Aiming to be number one in everything you do.

* How setting big, hairy, audacious goals is crucial for achieving greatness, yet many entrepreneurs set goals that are too low or too high.

* John's goal in writing his book, iCompete, was to help others avoid the same mistakes he made and give back to the community by sharing his insights.

* How growth is an important ingredient of a company's culture, and that once a company stops growing, it's almost impossible to maintain a great culture.

* Culture is a critical factor in determining a company's success, and it should be treated as a balance sheet item.

* Entrepreneurs who aren't risk tolerant or self-starters often fail.

* The need to change in order to improve, and that learning is the only way to do so.

* The importance of core values and a winning attitude in business.

* John’s concern about the growth of franchising, citing that too many successful mom-and-pop businesses are becoming franchisors without proper knowledge or expertise.

Thanks to John Hewitt for being on Business, Bourbon & Cigars.

Connect with John on LinkedIn: https://www.linkedin.com/in/john-t-hewitt-9917b7149/

Learn more about John and Loyalty Brands: https://loyaltybrands.com/john-hewitt/

Get John’s book, iCompete: How My Extraordinary Strategy for Winning Can Be Yours: https://www.amazon.com/dp/1682610063

BUSINESS, BOURBON & CIGARS

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This episode was produced by Story On Media & Marketing: https://www.SuccessWithStories.com