In this episode, Shannon dives into the world of franchise businesses with expert Liz Leonard. They explore the lesser-known side of franchising, beyond the typical fast food and restaurant models, and discover the wide range of opportunities available in home services, healthcare, education, and more. Liz shares her expertise as a franchise advisor and owner, shedding light on the different types of franchises, the investment required, the skills needed for success, and the key factors to consider when evaluating franchise opportunities. Join us as we uncover the secrets and opportunities of the franchise world with Liz Leonard on Keep What You Earn.

Liz rose through the ranks of the corporate world over a 22-year journey, only to be laid off as a casualty of a merger. As a corporate employee, she had the illusion of security which vanished based on a decision taken by others. That decision afforded her the space to reflect upon what she wanted. She was able to take back control of her future and never put herself in that position again.

Liz now splits her time between running her own business and advising others who are at the same crossroads she was years ago.

Twitter: https://twitter.com/franchisefastInstagram: https://www.instagram.com/franchisefastpass/Facebook: https://www.facebook.com/yourfranchisefastpass Website: http://www.franchisefastpassbook.com 

 

What you'll hear in this episode:

05:00 Franchising extends beyond food to home services.

08:37 Franchise companies focus on the owner's routine.

11:08 Starting a business requires a specific mindset.

13:25 Investment costs vary depending on business type.

16:50 Considering investing in a franchise? Here's advice.

20:03 Overcome fear of starting a business legally.

 

If you like this episode, check out:

The Power of Diverse Mastermind Groups for Comprehensive Growth

How to Break Free from the Corporate 9 to 5

Best Ways to Negotiate Business Deals

 

Want to learn more so you can earn more?

Transform your small business journey – download the Small Business $tarter Kit here.

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.