Lady Bug Pest Control
Lady Bug Pest Control founder, Lisa Miller, joins Money 2.0 to talk about her entrepreneurial spirit and about the success and methodology of her Lady Bug Pest Control franchise.
Lisa says she has always embraced an entrepreneurial mindset, even as a child. She talks about the various small business she has founded and run throughout college and her life. We discuss what makes a true and successful entrepreneur. Lisa says her most successful franchisees are those that have a true entrepreneurial spirit, and at the same time are also committed to following the system she has set up. I note that my favorite term is “Intrapreneur” – someone who is capable of both of these same values.
Lisa goes on to talk about starting the Lady Bug Pest Control business in Arizona in 1995. She says the franchise specializes in killing bugs and pests in a process that looks after the environment. She says they have a wide array of eco-friendly chemicals to choose from, a much better situation than when she first began 19 years ago. She says all of their chemicals are National Organic Program (NOP) compliant, meaning they are certified organic products. She says in fact, their chemicals are EPA & FDA approved as well.
Lisa says Lady Bug Pest Control has both residential and light commercial clientele. She explains that part of the appeal to franchisees is that Lady Bug is a “Life Style” business, meaning it is very much a 9-5, Mon-Fri work lifestyle. She briefly notes that they also offers a commercial franchise opportunity through the brand.
Lisa outlines the two types of franchising they offer. She says the Regional Development Franchisee is a state coverage option. She says this franchisee needs to be a person that is more of a leader and looks after supporting the Unit Owners (the other franchise opportunity they offer) in a state area. She says the Regional Development Franchisee also runs their own unit, which operates as a training center and helps the Regional Development Franchisee generate income.
Lisa concludes noting that a Unit Owner is looking at an average of a $30,000 initial investment, whereas a Regional Development Franchisee requires a $115,000 – $200,000 initial investment, depending on the area.
If you would like to hear my conversation with Lisa Miller, you are welcome to listen by clicking here. Lisa was my second guests in this episode. The conversation begins 29 minutes into the recording.