Aaron Harper
👤 PersonAppearances Over Time
Podcast Appearances
Like there's so many things that you have to do to make it work.
But you get to a point where you, you are the chairman of the board of your own company and you can leave for four weeks and go to Michigan with your family and no one's calling you and the business is making money while you're existing.
And so it is like,
the greatest possible thing you can get to, but it's going to take really hard work to get there.
Well, yeah, and these people oftentimes...
And this is one of the biggest challenges that franchisors and franchising as an industry faces is these people you're talking about with the country club membership, with the three escalades that they have at their house and the kids in private school and the $400,000 a year salaried folks who have been in the same kind of industry for 20 years and have built a great life are looking about ways to diversify.
Because they've heard online that the richest people in the world have an average of seven streams of income.
And they're like, well, I've done stocks and I have some real estate holdings.
So now I'm going to go franchise.
And so they'll type in semi-passive franchise opportunities near me into Google.
And all of these brands will pop up because these brands, they want to get more franchisees in.
But what ends up happening is they can't leave their job because they have $400,000 worth of expenses annually and all these things.
And so they come into a brand, they hire a manager, which just to be clear, a manager is not a business owner.
If the manager was a business owner, he wouldn't be a manager.
He'd go start a business.
And then they'd say, then they say, well, I can just like, I'll just like, you know, do some business development, like one to two hours a day.
And they invest 300 grand into a semi-passive franchise opportunity.
And the franchisor, maybe through either ignorance or just downright like lying, signs them up thinking that they can be successful or telling them they can be successful.
And then you have a person who's in a worse situation than they were before because now they have to pay out of their $400,000 salary, a manager and all of their normal expenses with the hopes that that manager is going to get them a return on their $300,000 investment.
And we've already talked about the math.