S3E36 - Kim Daly - How to find financial freedom with franchises (non-food industry)

My next guest was a 4.0 medical student who decided she truly wanted to enjoy more freedom in life which motivated her to get into entrepreneurship, specifically franchise opportunities. Today she’s a franchise coach who helps people escape the rat race and find opportunities that generate recurring revenue and at the same time build equity, so you can sell a business for a significant profit. In this episode, we talk about the types of franchise businesses she works with (hint, these are not food franchises), how big of an investment is required, how long of a timeline you can expect from approval to revenue, and the mindset you need to even get approved. Please welcome Kim Daly. Key Timecodes (01:00) - Show intro and background history (01:25) - Deeper into her background history (08:23) - Understanding her franchise consultancy business model (09:56) - What types of businesses does she focus in (18:54) - Another example of a franchise business to invest (23:06) - What kind of investment is needed to start a franchise business (26:57) - How the owner can operate that type of business (35:51) - What are the revenue expectations (35:55) - Is keeping the full-time job parallel when opening a franchise business possible? (39:55) - How about the sales, marketing, and advertising in her business model (49:23) - Deeper into her philosophy (54:46) - What is the worst advice he ever received (55:05) - What is the best advice he ever received (56:51) - Guest contacts Payback Time Podcast A Podcast on Financial Independence. Hosted by Sean Tepper. If you want to learn how to escape the rat race, create passive income, or achieve financial freedom, you came to the right place.