EP 89: Becoming “Franchise-preneurs” to Step Out of the Corporate Cycle with Kim Daly
The difference between a franchise and other businesses is that it invests in what has already been figured out. In this episode, Kim Daly walks us through how to successfully invest in franchise businesses to help you focus on your full-time job and eventually leave it. And if you also want to be a franchise-preneur and exit the corporate cycle, she tells us exactly how she did that!
Kim shares specifically what she does as a franchise consultant and the types of franchise businesses that currently make sense to her. She also talks about the importance of scalability in this business and why franchising is a minimal-time commitment business. Secure your franchise investment today and build brand equity and awareness so consumers may recognize your brand as something ‘better’. Listen now and sit with us!
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Kim introduces herself and what she does.
The type of people who want a franchise.
Kim explains what exactly her job is and how people would know where to begin.
The types of businesses that Kim thinks would make sense.
What is a net lease? What is a gross lease?
Types of franchises Kim is working for.
Kim talks about the laundromat and why it is an example of a minimal-time commitment type of franchise.
What is the importance of scalability in franchising?
The time frame of doing franchising business.
What makes franchises successful?
How saturating the market and growing your company creates brand recognition, equity, and awareness.
Why you don’t want your place to be so full that people are leaving and then going somewhere else?
Tweetables:
“People want predictable, scalable revenue. They want low fixed costs and big fat, healthy margins. They want small teams of people. They want quality of life .” – Kim Daly
“You have this opportunity to build and scale this revenue that doesn't require your time, that over time can replace your, your big W2 job.” – Kim Daly
“There are franchise businesses that almost feel like a real estate play because they are very minimal time commitment, like a laundromat.” – Kim Daly
“The wealth is always created through scale.” – Kim Daly
“In any portfolio, the more diversified you are, the safer the whole thing.” – Kim Daly
Resources
About Kim Daly
Kim Daly is one of America’s top franchise consultants. For almost two decades, she has been educating, motivating and inspiring dreams of business ownership through franchising as an independent consultant with FranChoice. She co-authored, Franchising Freedom, an international best-selling book as well as Mission Matters Volume 5, Top Tips to Success, and in 2012, she built the largest consulting practice in the history of franchising consulting. Today, she continues to help thousands of people explore their investing and business ownership dreams through her individual consulting, podcasting and online motivational programs.
Prior to becoming a franchise consultant, Kim was a highly sought-after health & fitness consultant working with Denise Austin, Dr. Denis Waitley, eDiets.com and Gold’s Gym. She launched the first health & fitness marketplace at USATODAY.com and co-founded her own martial arts school. She has been self-employed since she was 25 and loves to boast that she has a life MBA and is completely unemployable because her freedom has no price! As she travels the country hosting live franchising and motivational events and creating videos for her YouTube channel, she shares her heart, knowledge, passion and experiences with the goal of helping others to live their best life.
Kim graduated Summa Cum Laude from the University of New Hampshire with a Bachelor of Science in Nutritional Biochemistry and a minor in Sports Nutrition. She worked as a personal trainer and had medical school dreams before entrepreneurship and franchising found her. She grew up on the seacoast of southern New Hampshire where she still lives today with her two boys, her parents and siblings. When she is not inspiring other people’s dreams, she is working on her own! She is a Christian, a personal development junkie, a health & fitness enthusiast, an avid skier and a soccer mom. She can be reached at 603-964-2910 or via email: KDaly@FranChoice.com.
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