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How to Take Control of YOUR Life, and Create FREEDOM for Yourself, Through Business Ownership
Episodes
Thursday Oct 24, 2024
Thursday Oct 24, 2024
Matt Bodnar, founder and CEO of Eidolon Capital, takes us on a journey through the evolving landscape of acquiring old economy businesses, offering a rare peek into the world of private equity focused on the lower middle market. With a keen eye on baby boomer-owned businesses in need of succession plans, Matt shares his unique strategies for modernizing and scaling traditional manufacturing and distribution companies. From his transition from Goldman Sachs to entrepreneurship, Matt's story illuminates the growing trend of entrepreneurship through acquisition as an enticing alternative to conventional corporate paths.
As the conversation unfolds, we explore the economic allure of buying existing businesses compared to starting anew. With retiring baby boomers and favorable financing options reshaping the market, Matt explains why entrepreneurship through acquisition is becoming a compelling choice, especially for those leaving prestigious roles in search of limitless earnings and autonomy. The episode sheds light on the mindset shifts required for this transition, backed by personal anecdotes of navigating the challenges and rewards of pursuing greater financial freedom.
The journey doesn't stop at acquisition. Matt delves into the art of scaling businesses through delegation and systems, inspired by concepts from "The Four Hour Work Week." He emphasizes the significance of evaluating acquisition opportunities, nurturing existing management teams, and aligning incentives with profit-sharing and long-term growth strategies. Tune in to gain valuable insights from Matt's experiences and discover how his expert guidance, shared through his newsletter Deal Mastery Insider, can illuminate your path in the world of business acquisitions.
TIMESTAMPS:
(00:00) - Acquiring Old Economy Businesses
(08:41) - The Shift to Entrepreneurship Through Acquisition
(14:21) - Limitless Earning Potential in Entrepreneurship
(20:16) - Transitioning From Operations to Investment
(25:04) - Scaling Through Delegation and Systems
(34:22) - Evaluating Acquisition Opportunities and Risk
(41:43) - Employee Incentives and Profit Sharing
(49:27) - Long-Term Approach to Business Acquisition
(54:12) - Connecting Through Deal Mastery Insider
Connect with Matt here:
Linkedin: https://www.linkedin.com/in/mattbodnar/
Eidolon Capital: https://eidoloncapital.com
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #Investing #Acquisition
Thursday Oct 17, 2024
Thursday Oct 17, 2024
Prepare to be inspired by the remarkable journey of Andy Fuller, the pioneering founder and CEO of Mosquito Hunters, as he shares his path from the rigid confines of corporate life to the liberating world of entrepreneurship. Andy's early frustrations with a lack of innovation and pride in the corporate sphere propelled him to create a multi-service empire, starting with mosquito control and expanding to pest control and holiday lighting. With a foundation built on practical skills acquired from his college painting business, Andy demonstrates the power of recognizing potential in niche markets and taking calculated risks.
Explore Andy's insights on establishing Mosquito Hunters back in 2014, when mosquito control was an untapped industry. Learn about his strategic approach to navigating market education and balancing financial risks while maintaining a day job. Discover how Andy's vision expanded through franchising and the evolution of environmentally friendly products, supported by industry mentors like Scott Frith. The episode also highlights the importance of aligning goals between franchisees and franchisors to ensure mutual success, showcasing the careful selection process that fosters thriving partnerships.
As the conversation unfolds, we uncover the strategic expansion of the franchise model, catering to entrepreneurs seeking year-round operations. The introduction of services like pest control and Humbug Holiday Lighting provides a comprehensive package for franchisees, supported by training sessions in Chicago. Andy shares insights into the holiday lighting industry, emphasizing the importance of simplicity and specialization in operations. For those curious about franchise opportunities with Mosquito Hunters, Pest Control, and Humbug Holiday Lighting, Andy provides valuable resources and links. Take this opportunity to listen and learn from a visionary leader dedicated to building successful business empires.
TIMESTAMPS:
(00:00) From Mosquito Control to Empire Expansion
(09:12) Building a Recurring Revenue Business
(14:27) Franchise Growth and Strategic Expansion
(23:47) Franchisee Profitability and Mutual Success
(28:38) Evolution of Franchise Model Expansion
(35:33) Franchise Strategy for Holiday Lighting
(45:57) Franchise Brands and Consumer Services
Connect with Andy here:
Linkedin: https://www.linkedin.com/in/andy-fuller/
Mosquito Hunters: https://mosquitohunters.com
Humbug Holiday Lighting: https://humbugholidaylighting.com
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #MosquitoHunters #HumbugHolidayLighting
Friday Oct 11, 2024
Friday Oct 11, 2024
Allan Young, the visionary co-founder of Shelf Genie and mastermind behind Art of Drawers, joins us to share his remarkable journey in the world of franchising. From pioneering custom pullout shelving solutions for kitchens and bathrooms to harnessing AI and technology to stay ahead of the curve, Allan offers a wealth of insights into the ever-evolving home organization industry. Discover how the pandemic has amplified the trend of home organization, and how Alan's leadership has transformed ShelfGenie into a top-performing brand.
We also explore the art of embracing risk and navigating transitions in the franchising landscape, using tools like Tim Ferriss' fear-setting exercise to turn uncertainty into opportunity. Alongside personal anecdotes from sales and military experiences, we reminisce about the pivotal moments that shaped our careers, including the impactful acquisition of ShelfGenie by Neighborly. Through these stories, we uncover the intricate dynamics of business growth, strategic planning, and the courage it takes to challenge the status quo.
As the episode unfolds, we dive into the significance of custom technology investments in scaling businesses with complex offerings. Allan elucidates the power of proprietary software and AI in enhancing operational efficiency and meeting customer demands. We discuss the hurdles of industry growth, the importance of a robust value proposition amid fierce competition, and how Art of Drawers is beginning to unlock the transformative potential of AI. Tune in to learn more about franchising opportunities with Art of Drawers and connect with Allan Young for deeper insights into this innovative journey.
TIMESTAMPS:
(00:01) Building Franchise Companies With Technology
(11:37) Navigating Risk and Transition in Franchising
(24:04) Custom Franchise Technology Investment
(36:04) Franchise Challenges and Competitor Strategies
(46:57) Navigating Industry Growth and Competition
(53:28) Competing With Value Propositions and AI
(58:06) Implementing AI in Business Strategies
(01:06:35) Connecting With Art of Drawers
Connect with Allan here:
Linkedin: https://www.linkedin.com/in/pallanyoung/
Grab Allan's book here: https://allanyoung.com/book/
Art of Drawers: https://artofdrawers.com/
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #AllanYoung #BusinessOwners
Thursday Oct 03, 2024
Thursday Oct 03, 2024
Discover the secrets to mastering your mindset and growing your business with coaching veteran Beau Ormrod. After a transformative sabbatical in Italy and drawing inspiration from his own experiences with a life-changing coach, Beau shifted gears from a high-powered corporate career to empowering entrepreneurs. This episode promises to unravel the complexities of scaling a business with the precision of an athletic coach, emphasizing the power of external perspectives to make those crucial micro adjustments that lead to success. Beau's ongoing relationship with his own coach highlights the never-ending journey of personal and professional growth.
Struggling to maintain a positive mindset amidst the constant noise of social media? We tackle this challenge head-on, treating mental fitness as a muscle that can be strengthened to withstand today's relentless negative influences. Our conversation explores the impact of unconscious behaviors and urges listeners to mindfully navigate their information intake. By understanding these behaviors, like hyper-achievement tendencies, we can regain control, balance, and ultimately, mental well-being. It's all about making conscious choices that support rather than sabotage our minds.
Beau also shares insights into goal setting and manifestation, helping you align your business and personal aspirations with your deepest desires. We challenge conventional notions of success and examine how financial goals, health, and relationships intertwine to create a well-rounded life. Discover the "Diamond of Health" and learn to prioritize what truly matters from an end-of-life perspective. This holistic approach to personal development encourages you to embrace adaptability and clarity in your life's journey. Whether you're an entrepreneur or simply seeking a more balanced life, this episode offers valuable strategies to navigate uncertainties and achieve true happiness.
TIME STAMPS:
(00:01) Business and Life Coaching Strategies
(11:56) Mindset and Mental Fitness Coaching
(20:58) Franchise Wealth Creation and Mindset Coaching
(26:52) Mastering Goal Setting and Manifestation
(40:32) Achieving a Well-Rounded Successful Life
(51:53) Franchisee Coaching and Communication
Connect with Beau:
Linkedin: https://www.linkedin.com/in/beauormrod/
Website: https://beauormrod.focalpointcoaching.com/
Resources recommended in this podcast:
Eat That Frog:
https://a.co/d/gFbapbO
Positive Intelligence:
https://a.co/d/aOXjHR7
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Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#mindset #coaching #goals
Thursday Sep 26, 2024
Thursday Sep 26, 2024
Unlock the secrets to achieving time freedom and financial independence through franchise ownership with franchising expert Wes Barefoot. Discover how Wes transitioned from a Fortune 500 employee to a thriving franchise owner and consultant, navigating the uncertainties of job loss and turning them into opportunities for entrepreneurship. Wes shares the pivotal moments of his journey, shedding light on the misconceptions of franchise ownership and offering a structured path for those looking to escape the W2 grind.
Gain a deeper understanding of the active role required in franchise ownership. Uncover the essential skills needed in team building, management, and the initial dedication required to establish a successful franchise. Wes provides valuable insights into selecting a franchise that aligns with your strengths and lifestyle, emphasizing that this business model isn't just for fast food chains, but a viable option for individuals from diverse professional backgrounds—including those transitioning from corporate roles to entrepreneurship.
Navigate the financial landscape of franchising with our exploration of various funding options. Learn about SBA loans, Rollover for Business Startups (ROBS), and other methods to make your franchise dreams a reality. Wes shares his expertise on choosing the right franchise, the role of experienced consultants, and the importance of balancing financial gains with the ultimate reward of entrepreneurship: the freedom it provides both financially and in terms of lifestyle. Tune in to hear firsthand how you can achieve business ownership success and maintain a balanced life.
TIMESTAMPS:
(00:01) Franchising Strategies and Tactics
(10:28) Franchise Ownership
(14:10) Franchise Investment Opportunities
(19:36) Funding Options for Franchise Ownership
(34:11) Understanding Franchise Ownership Process
(40:47) Achieving Business Ownership Success
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchising #entrepreneurship
Thursday Sep 19, 2024
Thursday Sep 19, 2024
Join us as we welcome back Carmelo Marsala, founder and CEO of SprayNet, to the Path to Freedom podcast. Carmelo shares the inspiring journey of how SprayNet was born out of his dissatisfaction with traditional painting methods. From his early days as a painting franchisee to pursuing a formulation course and collaborating with chemists, Carmelo recounts the development of a proprietary line of coatings that deliver factory-quality finishes to residential exteriors. Learn about the multiple patents they've secured and how the company has expanded across North America, bringing innovation to the forefront of the painting industry.
Listen in as we explore the specialized spray application techniques that set SprayNet apart from conventional paint spraying. Discover how they minimize common issues like overspray and sagging, and how they've ventured into new services, including roof applications and kitchen cabinet refacing. Carmelo shares the challenges and triumphs of evolving from a seasonal exterior painting business in Canada to a multi-service operation. A particularly fascinating project in Wisconsin is highlighted, showcasing their continuous drive for innovation and customer satisfaction.
Finally, we delve into SprayNet's franchise growth and the strategic decisions behind their expansion. With 31 franchisees in Canada and nearly 38 in the US, Carmelo discusses the differences in operating in these markets and the comprehensive training programs designed to support franchisees, particularly those new to business ownership. Emphasizing the importance of continuous growth and structured support systems, we also touch on the franchise's plans for future expansion, especially in key US markets. This episode is a must-listen for anyone interested in the intersection of innovation, business growth, and the painting industry.
TIMESTAMP:
(00:01) Innovative Paint Company Success Story
(10:24) Custom Spray Application Innovations
(16:15) Expanding Roofing Product Benefits
(21:05) Franchise Growth and Training Insights
(29:53) Franchise Support for Growth & Success
(36:31) Franchise Growth Strategy and Expansion
Connect with Carmelo here:
https://www.linkedin.com/in/carmelomarsala/
Website: https://www.spraynetfranchise.com/
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#SprayNet #Painting #Franchising #entrepreneurship
Thursday Sep 12, 2024
Thursday Sep 12, 2024
Unlock the secrets to a thriving business and an even stronger marriage in our latest episode featuring Robert and Kay Lee Fukui, the brilliant minds behind Power Couples by Design. Learn how to master the art of balancing professional and personal life as they share their journey from initial hesitation to discovering a synergistic partnership. You'll gain insights into how complementary skills and effective communication can transform not just your business, but also your relationship.
Robert and Kay Lee delve into their contrasting perspectives shaped by different career paths, revealing the unique challenges and triumphs of working with family businesses. From the pressures of pharmaceutical sales to the importance of operational efficiency, their stories underscore the powerful combination of marketing and organizational excellence. We discuss the significant impact of improving sales performance and the role of systems and processes in driving business success.
Balancing business and family life can be daunting, but Robert and Kay Lee offer practical strategies for setting boundaries and maintaining a healthy work-life balance. Hear about the importance of quality time with family, effective communication techniques, and the essential rules of engagement for a harmonious business partnership. Their valuable advice will help you foster stronger personal and professional relationships and ensure a fulfilling entrepreneurial journey. Join us for an episode packed with actionable insights and inspiring anecdotes!
TIMESTAMPS:
(00:01) Power Couples by Design
(10:14) Entrepreneurial Perspectives and Transition
(15:03) Balancing Business and Family Life
(23:34) Marriage and Business Boundaries
(34:39) Effective Communication in Relationships
(43:30) Navigating Roles and Responsibilities in Relationships
(52:08) Rules of Engagement in Relationships
(01:00:03) Pre-Business Communication With Spouse
Connect with Robert and Kay Lee here:
https://marriedentrepreneur.co/p2f
Robert's Linkedin: https://www.linkedin.com/in/robertfukui/
Kay Lee's Linkedin: https://www.linkedin.com/in/kayleefukui/
Website: https://marriedentrepreneur.co/
Get their book here:
https://a.co/d/5cD0I2W
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#powercouples #powercouplesbydesign #entrepreneurship
Thursday Sep 05, 2024
Thursday Sep 05, 2024
Carlton Washington, co-founder of 4Ever Young, joins us to discuss his inspiring journey from the corporate grind to leading the largest wellness and vitality franchise in the U.S. With over 54 locations across 15 states, 4Ever Young is revolutionizing how people approach health, appearance, and aging. Carlton shares personal anecdotes and valuable insights into the company's growth, underlining the importance of preventative health measures and the satisfaction that comes with helping others feel their best.
We dive into the realities of franchising in emerging industries, such as wellness, and emphasize the need for a deep connection to the brand and its services. Carlton offers a candid look at the challenges of leaving a high-paying corporate job to own a franchise and the impact this shift has on one's lifestyle and family. He stresses the importance of balancing financial goals with personal values and lifestyle aspirations, providing practical advice for anyone considering a similar leap into entrepreneurship.
Carlton also opens up about the complexities of scaling a franchise, managing franchisee relationships, and the emotional struggle of transitioning control. From navigating the decision to franchise to maintaining the integrity of the brand, Carlton’s journey is filled with wisdom and real-world lessons. We also explore the personal growth and therapeutic value of sharing honest business insights, the benefits of living in less populated areas, and the power of gratitude and support among friends. This episode is a must-listen for aspiring entrepreneurs and anyone seeking to align their career with their personal values.
TIMESTAMPS:
(00:14) Franchise Growth and Integrity
(13:55) Franchising Realistic Expectations and Success
(27:03) Navigating Franchise Growth Challenges
(33:35) The American Dream and Lifestyle Choices
(46:22) Personal Growth and Franchise Wisdom
(51:15) Brotherly Advice and Support
Connect with Carlton here:
https://www.linkedin.com/in/carltonwashington/
Learn more about 4 Ever Young here:
https://4everyoungantiaging.com/
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #4EverYoung #AntiAging
Thursday Aug 29, 2024
Thursday Aug 29, 2024
Join us for an inspiring episode as we explore the entrepreneurial journey of Brigham Dallas, the founder and CEO of Hello Sugar. Brigham shares his insights on the innovative hair removal services his franchise offers, including Brazilian waxing, sugaring, and laser hair removal. Discover why Brigham believes being passionate about the business model, rather than the product itself, is crucial for success. We also break down his four key criteria for evaluating a business: scalability, career opportunities for employees, customer retention, and the time required to manage the business. This episode offers valuable insights for aspiring entrepreneurs on the importance of working on the business rather than in it.
We discuss the transition of a salon owner into the niche market of hair removal, detailing the initial struggles and strategic decisions that led to success. Brigham shares how he identified a lucrative opportunity, set up a salon suite with minimal investment, and created a comfortable environment for clients, resulting in unique brand positioning. We also cover his innovative teaching approach at a university, where he focused on building resilience and street smarts in his students through unique assignments, emphasizing the importance of getting comfortable with discomfort.
Finally, we explore Brigham's journey from teaching business classes to franchising Hello Sugar. Learn how he leveraged personal networks and social media to grow to 82 open locations, with a goal of reaching 100. We discuss the strategic approach to building a successful franchise business, including the importance of gradually building a client base and brand presence before launching flagship locations. Additionally, we touch on the integration of generative AI into the business, achieving significant automation in customer interactions and enhancing efficiency. This episode is packed with actionable insights and strategies for anyone looking to grow their business.
TIMESTAMPS:
(00:14) Entrepreneurial Passion and Business Growth
(12:41) Franchisee Fit and Business Strategy
(20:08) Entrepreneurial Persistence and Growth
(25:04) Franchise Growth Strategy and Success
(28:54) Franchise Growth and Expansion Strategy
(35:09) Hair Removal Services Comparison and Strategy
(48:15) Advancing Technology in Service Innovation
Connect with Brigham an Hello Sugar here:
Website: https://www.hellosugar.salon
Linkedin: https://www.linkedin.com/company/hellosugar/
Brigham's Linkedin: https://www.linkedin.com/in/brighamdallas/
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #HelloSugar #artificialintelligence #AI
Tuesday Aug 27, 2024
Tuesday Aug 27, 2024
In this episode of the Path to Freedom podcast, we tackle the common misconceptions surrounding the purchase of existing businesses versus starting from scratch. We'll explore the four types of existing businesses you might encounter on the market, beginning with the often problematic "fire sales," where owners are eager to sell due to financial troubles. These situations can present significant challenges, such as financial losses and the substantial effort required to turn the business around. We also discuss the allure of profitable businesses with growth potential, which come with their own set of hurdles like high competition and premium prices. By comparing these scenarios, I argue that starting the right franchise from scratch can often be a more manageable and less risky path to business ownership, providing the opportunity to build a personalized culture and operation from the ground up.
Listen in as we break down the key factors to consider when evaluating existing businesses, especially those where the current owner is deeply involved in sales and client relationships. We highlight the potential steep learning curve and the risk of losing key clients once the owner steps out. The episode also emphasizes the importance of evaluating the existing team, understanding financials, and the potential pitfalls if key employees leave post-acquisition. We round off the discussion by examining the benefits of well-structured franchise support systems, designed to help new owners avoid common mistakes and ramp up their businesses quickly. Plus, we touch on creative funding options that can provide financial stability during the initial phase of starting a new franchise. Don't miss this insightful conversation that could shape your path to successful business ownership!
TIMESTAMPS:
(00:01) Misconceptions of Buying Existing Businesses
(12:40) Key Factors in Evaluating Existing Businesses
(21:23) Franchise Success
Join the FREE Path To Freedom Facebook Group here:
https://www.facebook.com/groups/1634819733719715/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/wes-barefoot/introcallwithwes
Connect with Wes:
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
#Franchise #Misconception #Business