P08: The Secrets to Creating a Successful Franchise… like Tint World 🌎 (🔐 a Continuation of EP 165🔓)
Video & Audio of Our Call:
Background:
Charles Bonfiglio of Tint World tells us about the last 15 years of growing his auto tinting business. In his original episode, we discussed what he learned from growing up in the clothing industry to how he because a franchise owner and eventually CEO of Meineke Auto Care.
In this Patreon Exclusive episode, we'll dive deeper into how he started Tint World. Again, this episode is a continuation of Episode 165 of our main podcast feed: Ex-CEO of Meineke Auto shares his Entrepreneurial Journey 🚗…
With over thirty-five years of successfully developing and leading best-in-class franchise organizations, Charles has acquired specialized knowledge of diverse business and technical skills that bring unique value to his company, franchises, and partners alike.
Today, his passion is to help others build their own franchise businesses with an exceptional lifestyle and to live out their dreams of becoming successful business owners. Charles does this by leveraging his experience and the Tint World franchise system, which is fully equipped to successfully scale company growth for his family of franchise owners.
Time-Stamped Show Notes:
- [1:09] By 2004, Charles had three franchise businesses when he decided to do something different. He was reading a book called Multiple Streams of Income by Robert Allen, which influenced this idea.
- [3:29] Charles sold one of his properties and businesses for almost two million dollars, which he considers a good decision.
- [6:21] Ecommerce has always intrigued Charles, which made him decide to make it as one of his projects.
- [7:32] Franchising is another interest that Charles wanted to pursue. Instead of being a franchisee, he wanted to become the franchisor.
- [10:34] From 2004 to 2006, Charles started the AutoParts Network.
- [11:50] With the help of Charles’ new system, the company he partnered with grew its sales from $15 million to $100 million.
- [15:03] By 2007, Tint World started to gain traction and make more money. He invested heavily in the technology of this business, which allowed it to grow quickly.
- [22:32] According to Charles, having a good home life can affect your growth and focus in business. He also talks about hiring the right people.
- [25:49] Charles shares how he operates and manages his large and fast-paced company.
- [30:55] When a CEO found out that Charles did not go to college, he was suddenly ignored. It was a truly hurtful experience for Charles but it motivated him to succeed and earn more money than that person.
- [39:45] Charles shares another story about a lease where he ended up suing a landlord.
- [44:43] In 2006, he wanted to find a mentor who can help improve his franchise business.
- [49:43] The COO of Tint World is his right-hand man who fully understands Charles and his business model.
- [50:46] Their plan is to open up 300 stores by 2025. Currently, they have 79 stores open.
Fabulous 4 Questions:
- 📖📚 Favorite Book(s)? Rich Dad Poor Dad by Robert T. Kiyosaki, Multiple Streams of Income by Robert G. Allen, Traction by Gino Wickman
- 🙌😎 Favorite Amazon.com purchase? No Favorite
- 🌱💸 Favorite Tool that's GROWN your Business? WordPress, Office 365 Teams, TapClicks Performance Dashboard, FranConnect
- 💭💡 BIGGEST Challenge keeping your Business from GROWING? Adapting to Scaling with a growing number of employees…
Key Point from the Interview:
- “When you have a good home life and a good family life, it’s a lot easier focusing on your business without any turbulence. Turbulence in your home life can always kinda hinder some of your growth and focus on business.”
Resources Mentioned:
- LinkedIn: @CharlesBonfiglio
- YouTube: Tint World
- Twitter: @TintWorld
- TintWorld.com
- AutoPartsNetwork.com
- Multiple Streams of Income by Robert Allen
Secret Resources:
