From Titus Center to Thriving Entrepreneur CTM #34

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Just wrapped up an incredible episode of ‘Conquer the Mind’ with the dynamic Mitchell Nolan, an accomplished young entrepreneur. Mitchell, who has successfully ventured into three franchising businesses - DJM Nolan, Vetted Brands, and Band - shared invaluable insights from his journey. From discovering the world of franchising at the Titus Center for Franchising at Palm Beach Atlantic University to developing innovative strategies for the quick-service restaurant (QSR) sector, Mitchell's story is a testament to the power of education and real-world experience. We discussed the pivotal role the Titus Center played in his career, providing practical knowledge and internships that bridged the gap between academia and the franchising industry.
Our conversation delved into the evolving landscape of franchising, with Mitchell sharing the inside scoop on clustering restaurant locations, enhancing customer experiences with kiosks, and optimizing franchise systems for profitability and engagement. He also touched on the significant changes in the industry. Tune in for a deep dive into the mind of a successful young entrepreneur and discover what it takes to thrive in the competitive world of franchising!
Introduction and Background:
Josh introduces Mitchell Nolan, an accomplished young entrepreneur involved in three franchising businesses: DJM Nolan, Vetted Brands, and Band. Mitchell shares his background, including his experience at the Titus Center for Franchising at Palm Beach Atlantic University, where he discovered his passion for franchising and earned his MBA.
The Titus Center for Franchising:
Mitchell provides an overview of the Titus Center for Franchising, which was founded in 2017 with an endowment from Ray Titus. He discusses the center's role in educating students about franchising, offering internships, and producing graduates with expertise in the field. Mitchell also mentions the center's plans for a new business school building with a franchising museum and lecture hall.
DJM Nolan and Vett3d Brands:
Mitchell explains the services offered by his businesses, DJM Nolan and Vetted Brands. DJM Nolan helps companies evaluate franchising opportunities and develop training manuals and operations manuals. Vett3d Brands focuses on the quick-service restaurant (QSR) and fast-casual sectors, using five pillars to evaluate potential franchise partners…Tune in to find out!
Franchising in the QSR Industry:
The discussion delves into the QSR industry, with Mitchell highlighting the importance of listening to customer feedback, adapting to changing consumer preferences, and leveraging technology like kiosks to enhance the guest experience. He emphasizes the need for simplicity in systems and processes, profitability for franchisees, and responsible growth.
Band and Franchise Procurement:
Mitchell introduces Band, a group purchasing platform that helps franchise systems track rebates, identify cost-saving opportunities, and encourage engagement throughout the procurement process. He explains how Band's software assists franchisors in negotiating contracts with suppliers, lowering rates for franchisees, and collecting rebates based on the collective purchasing power of the franchise system.
Changes in the Franchising Industry:
Mitchell discusses the changes he has observed in the franchising industry over the years, with a focus on responsible franchising and the need for differentiated concepts that offer exceptional experiences. He emphasizes the importance of identifying successful franchise systems with the right human and financial capital to scale and grow responsibly.

[@eneserturk3434]

Thanks for sharing this episode!

[@JoshDuBois]

This was a great time sitting down with Mitchell. The future is bright in franchising.

[@senlibenligunler43]

This is a great story and I love what the Titus Center is doing!

[@JoshDuBois]

Thanks for tuning in! They are doing incredible work empowering the next generation!

[@berkkanbur9125]

Titus Center is doing great work!

[@JoshDuBois]

I totally agree. It is very inspirational. Thanks for tuning in sir.

[@ilgazteslen]

I love the conversation with a young entrepreneur. Great perspective.

[@JoshDuBois]

Mitchell brings a great perspective and I am excited to watch him conquer the world of franchising. The future looks bright in franchising!

[@serhatnurikaya3443]

This was a great episode, keep up the great content!

[@JoshDuBois]

Thanks for watching! 😀

[@mitchellnolan1317]

Thanks for having me!! Enjoyed the time.

[@jdstrategic]

Thanks for your time and sharing your journey! I had a blast!