Starting a Franchise Business with Eddie Uribazo.
How small business owner Eddie Uribazo launched a franchise location of Office Evolution in Plantation, Florida. He also shares his entrepreneur story. After serving in the Navy and working for a large corporation for 24 years, he decided it was time to be his own boss. Recently he launched his latest small business venture – an Office Evolutions franchise business in Plantation, Florida.
Eddie Uribazo is a small business owner, and the co-owner of Office Evolution of Plantation, Florida – a business center providing private offices, and productive collaborative coworking spaces. Eddie is a United States Navy veteran, and after serving his country he spent over 30 years in the HVAC Controls industry where he started as a system application engineer of a major corporation and worked his way to management positions.
Eddie started his entrepreneurial career when founded his own successful controls company, and recently opened a new location of the Office Evolution franchise – despite the challenges of the COVID-19 crisis!
I am a minority investor in this Office Evolution location, and have enjoyed the opportunity to provide some assistance as Eddie selected this business opportunity, developed the location, and now we are working together to make it a great long-term success!
Eddie lives in Pembroke Pines, Florida with his wife Mitzy and his children Miranda and Christian.
Ed is joining me today from our Podcast Studio at Office Evolution in Plantation, Florida.
Topics and questions discussed in this episode of The How of Business podcast include:
- Starting a Franchise Business with Eddie Uribazo:
- Why did you decide to join the Navy? Did you consider attending college?
- What did you learn in the Navy that you apply today to running your business?
- At that time, did you aspire to become a business owner?
- You had a successful corporate career. What led you to start your first business?
- When did you know you wanted to be your own boss? Did you have any early entrepreneurial influences?
- Why are you a small business owner? What does it provide you?
- What are two personal characteristics you believe has been instrumental to your success in business?
- What led you to deciding to start a new small business?
- What was you process – how did you go about finding a new business to start?
- Who was on your team (brokers, business coaches, attorneys, CPA, lenders, etc.)?
- When did you start the process of launching a new business?
- As you look back, what was frustrating about the process of identifying a new small business or franchise?
- What would you do differently? What did you do right?
- Why did you decide to consider a franchise business? What did a franchise offer you compared to starting your own business from scratch?
- Did you work with a Franchise or Business Broker?
- What appealed to you about the Business Center business model?
- Why did you choose Office Evolution?
- How did you fund the business? What type of loan? Why were you able to secure bank financing (i.e. an SBA loan)?
- How did the COVID-19 crisis impact the build-out and opening of the business?
- What’s your most important role in the business at this point?
- What’s next for you and the business?
Episode Host: Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business podcast show – dedicated to helping you start, run and grow your small business.
Resources:
Books mentioned in this episode:
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- The 7 Habits of Highly Effective People by Stephen R. Covey
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