What happens when you step out of your comfort zone and take a leap into the world of franchise business? My wife and I can tell you – it’s a rollercoaster of experiences, lessons, and realizations. In our journey, we've discovered the power of a semi-absentee ownership model, a concept that allows you to maintain your current lifestyle and financial security while exploring new business avenues. It's a path we followed, juggling our corporate roles with our entrepreneurial dreams, all the while relying on a manager for the day-to-day operations.
That's not to say, however, that you can be completely hands-off. The early days are crucial – it's when you get your hands dirty, learn about your business, and lay the groundwork for success. This is your chance to establish clear expectations with your manager, build a structure that ensures accountability yet offers autonomy, and immerse yourself enough in the business to become an expert. And let's not forget the importance of creating an effective compensation plan for your manager – a well-thought-out plan can pave the way for motivated and successful team leaders.
But the ride doesn't end there. As we navigated our entrepreneurial journey, we faced challenges with our business manager. We learned the hard way about understanding when a manager may not be the right fit for your business and the courage it takes to make a change when necessary. We share our story, the highs and lows of managing the manager, the impact of waiting too long to make a crucial change, and what we learned from it all. Join us as we open up about our franchise business journey, sharing the lessons and insights we've picked up along the way.
Don't forget to like and subscribe!
Instagram: https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
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/Is-barefoot/introcallwithIs
Part one of Semi Absentee
https://youtu.be/ClrJbrOwE7o?si=HRcdMWzbhAzwr7ed
What Is ZorForum? w/ Graham Chapman
HOW TO Build A Franchise Empire EVEN IF You’re Not A Billionaire
Mastering Real Estate Investment Strategies w/ Randy Langenderfer
How Courtney Yeager's "The Tox" Is Revolutionizing the Wellness Industry
The Bletchley Group: A Deep Dive into Business Strategy and Growth
Master Your Finances Mindfully w/ Miriam Castilla
How MARK WAHLBERG Built His Investment EMPIRE
Best Choice Roofing: The Path To Becoming The Biggest & Baddest Roofing Organization On Earth
The Rise Of Magnolia Soap And Bath
The Side of PATRICK MAHOMES No One TALKS ABOUT
How Shaquille O'Neal Build His Franchise Empire 👑
The Key Qualities Of Successful Franchise Founders
Franchise Development Deep Dive
This ADU Franchise Is Revolutionizing The Housing Industry
The Ultimate Guide to Building Business Credit: Expert Tips and Insights
From Hobby Artist to Successful Franchise Owner
A Guide to Achieving Freedom through Franchise Ownership
What Are the Key Ingredients for a Successful Franchise?
The Most Inspiring Entrepreneurial Journey in the Home Improvement Industry (Part 1) | Wes Barefoot
Can Equity Ownership Lead to True Financial Freedom?
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
Habits and Hustle