Lyle Myers: Can Franchising Propel Wellness Innovation?

21st Century Entrepreneurship

Lyle Myers is the Chief Development Officer at iFlex Stretch Studios, and we explored the intricacies of franchising in the health and wellness sector. Central to our discussion was the unique iFlex franchise model, which emphasizes professional assistance in stretching and a robust support system for franchisees. Myers highlighted the importance of choosing a franchise that not only offers a promising business opportunity but also ensures substantial support for its franchisees. "You're in business for yourself, but not by yourself," Myers explains, illustrating the comprehensive backing provided by iFlex.

Throughout the episode, Myers shared his extensive experience in developing franchise models that generate recurring revenue and foster community growth. He emphasized the role of expert stretch therapists at iFlex who help clients achieve better mobility and sports performance. "What we do is we have professional, what we call stretch therapists that basically will stretch you the way that you need to be stretched," Myers detailed, stressing the tailored approach that sets iFlex apart.

Another key topic was the innovative use of technology in selecting franchise locations, utilizing AI to track potential markets. "We can actually go into that shopping center, see who the shoppers are because we can track their cell phones and we know exactly where they live, how much money they make," Myers shared, revealing the strategic precision behind iFlex's expansion.

Key takeaways from the interview include the significance of a well-supported franchise model, the benefits of professional stretching services, and the advanced strategies employed by iFlex to optimize their franchising efforts. Myers also delved into the broader impacts of their services, "helping people be able to reduce their injuries" and enhancing community well-being.

Listeners will leave with a deeper understanding of what makes a franchise successful, both in terms of profitability and positive community impact, making this episode a valuable resource for anyone interested in entrepreneurship in the health and wellness industry.