))
Franchise Freedom: How We Run Successful Businesses While Enjoying Life's Moments
Manage episode 480242069 series 3565392
Content provided by Jack Johnson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jack Johnson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Ever dreamed of running a thriving business from a Hawaiian beach? When our flight home was cancelled, we discovered firsthand the true freedom franchise ownership can bring. Instead of calling a boss to beg for more time off, we simply shifted into remote management mode, working with our capable teams from poolside. Our general manager's response? "No worries, I've got this."
This seamless work-life integration represents what's possible when you own the right franchise with proper systems and leadership. We're expanding this vision through our growing Franchise Insiders consulting team, welcoming two new franchise owner consultants who bring valuable firsthand experience to help others find the right franchise.
Financial awareness remains crucial for franchise success. We dive in on where you need to keep labor costs (as a percentage of revenue) and checking your P&L weekly. It's fascinating to see smaller market franchises sometimes outperforming larger territories—proof that the franchise owner makes more difference than location. Business ownership certainly brings challenges, especially in the first 12-18 months, but the rewards far outweigh the difficulties when you're building something that provides both financial success and lifestyle freedom.
For those considering franchise ownership, particularly in home services, prepare financially with approximately $50-60K for franchise fees plus $100K in working capital. Don't worry if that seems daunting—creative funding options exist, including 401K strategies without penalties.
Ready to explore how franchise ownership could transform your work-life equation? Text us at 305-710-0050 to learn more about finding your perfect franchise or join us for upcoming podcast episodes featuring our new consultants and financial experts who can help you keep more of your hard-earned money.
Visit www.weboughtafranchise.com to subscribe.
Send us your questions for an upcoming episode at 305-710-0050.
From your pals in franchise ownership, Jack and Jill Johnson.
Chapters
1. Welcome Back After Extended Break (00:00:00)
2. Managing Businesses From Hawaii (00:01:19)
3. Growing Team at Franchise Insiders (00:02:43)
4. Know Your Numbers: Labor Targets (00:03:29)
5. Work-Life Integration for Entrepreneurs (00:07:15)
6. Financial Preparation for Franchise Ownership (00:12:11)
7. Upcoming Episodes and Guests (00:13:19)
43 episodes
Share
