1. The Secrets of Building A Profitable Franchise Business with Kim Daly Alex Escobar and Aziz Yousuf 51:06

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Ms. Kim Daly For the past 20 years, Kim Daly has been helping people realize their dreams of business ownership through franchising. While helping thousands of other people to live their dreams of business ownership, she has been living her own. Today, she is recognized as one of America’s top franchise consultants. She is an international best-selling co-author of Franchising Freedom and the founder and host of KimDaly.tv.

 

[00:18 – 23:11] Kim Daley: How to Become a Franchise Consultant

  • Kim Daly is a leading franchise consultant in the country and she is going to walk us through how to become a franchiser or franchisee.
  • She teaches others how franchising is a well-established successful business that will make you money in the long run. And has many benefits over starting your own business, including reduced risks and probabilities of failure.
  • Kim offers a free service to help people navigate the process of becoming franchise owners.
  • Kim is the resource for financing and legal documents when buying a franchise.
  • Franchising is different than other types of businesses because it allows you to keep your full-time job while running the business.
  • Most franchises provide high-profit margins for their owners, allowing them to cover their costs easily.

 

[23:12 – 31:27] The Truth About Franchising

  • Kim shares the benefits of owning a franchise and provides tips on how to get started.
  • Franchises require a certain level of financial stability and experience before being approved.
  • There are options for loans depending on the situation.

 

[31:27 – 40:33] Franchise Tips from an Expert

  • Franchises can be a great way to invest in a business that you’re passionate about, and there is no easy way to start a franchise.
  • There is no one definitive metric, but it’s based on your own goals.
  • Success or failure in a franchise business is 100% owner driven.

[40:34 – 50:43] Closing Segment

 

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Tweetable Quotes:

“More franchisors are coming with more structure, more training, and better toolboxes that allow the owner to not be there, but it always comes back to who’s in charge of this? Because if you’re going to leave your business in the hands of a manager, the reality is you’re probably going have to incentivize that manager with some equity or some type of a bonus above and beyond.”

– Kim Daly

 

Alex is a Realtor and an investor that buys income producing apartment buildings and offers the opportunity for others to partner with him, sometimes for less cash than it would take to buy a single family investment property.

In addition to co-hosting the Screw The Stockmarket podcast, Aziz is an avid investor and burgeoning entrepreneur, with a deep interest in long-term financial growth opportunities. He is also a trained legal professional, and an expert international development and business advisor.