Dan Fleyshman

Very cool. So someone is, they're in, okay, I got it. I've saved up some capital. I've been working at my core job for four years. I got an extra 200K put aside. I'm ready to get a franchise How do I now decide from all 3,000 different options, what's right for me? How do I go down the rabbit hole and figure out what fits for me?

Hair salons, restaurants.

Hair salons, restaurants.

So I have this rule that I won't invest in any company or do any partnership or deal without a quarterback, without someone running that business. So people say, oh, you've got 43 investments and all these companies are doing. You're posting about mortgages and sports cards and Everbulls and blah, blah, blah, blah. Sports cards has a CEO. Elevator mortgage has a CEO. Elevator funding has a CEO.

So I have this rule that I won't invest in any company or do any partnership or deal without a quarterback, without someone running that business. So people say, oh, you've got 43 investments and all these companies are doing. You're posting about mortgages and sports cards and Everbulls and blah, blah, blah, blah. Sports cards has a CEO. Elevator mortgage has a CEO. Elevator funding has a CEO.

My live events has a CEO. Dan runs a bunch of group chats. I'm not out there trying to run every single company. I'm involved in the group chats. I'm giving my advice. I'm there to give the sizzle to the steak when they need it. But ultimately every company I've just mentioned can run without me. I'm gonna help them. It's my company, I'm gonna help it. But ultimately I won't even do a deal.

My live events has a CEO. Dan runs a bunch of group chats. I'm not out there trying to run every single company. I'm involved in the group chats. I'm giving my advice. I'm there to give the sizzle to the steak when they need it. But ultimately every company I've just mentioned can run without me. I'm gonna help them. It's my company, I'm gonna help it. But ultimately I won't even do a deal.

Like if Nick was like, hey, let's start a brand new vodka company. All right, who's going to be the CEO? Oh, we'll figure that later. I love Nick. He's got a humongous company, but I don't want to run that, and he doesn't want to run it. We're busy. That's right. So if there's not a CEO or a quarterback to run it, I'm not in.

Like if Nick was like, hey, let's start a brand new vodka company. All right, who's going to be the CEO? Oh, we'll figure that later. I love Nick. He's got a humongous company, but I don't want to run that, and he doesn't want to run it. We're busy. That's right. So if there's not a CEO or a quarterback to run it, I'm not in.

Right.

Right.

Let me give you guys a real life example. Let's say Nick and I decide we're gonna open up a chain of gyms called College Hunks. and we're gonna place them in all the colleges around the country. And we put up a million dollars each and we're like, okay, let's do this. And we open up four locations, right? 250K, 500K per location, got a little bit of operating capital, everything sounds good.

Let me give you guys a real life example. Let's say Nick and I decide we're gonna open up a chain of gyms called College Hunks. and we're gonna place them in all the colleges around the country. And we put up a million dollars each and we're like, okay, let's do this. And we open up four locations, right? 250K, 500K per location, got a little bit of operating capital, everything sounds good.

And we go out and crush it and do $4 million revenue the first year. And the next year we do $12 million revenue. Holy smokes, we're on pace for something crazy. Do you know how much money that Nick probably lost by spending time and energy on this company doing $4 million and then $12 million? This company's doing $300 million in sales. And so you can factor that in for yourself.

And we go out and crush it and do $4 million revenue the first year. And the next year we do $12 million revenue. Holy smokes, we're on pace for something crazy. Do you know how much money that Nick probably lost by spending time and energy on this company doing $4 million and then $12 million? This company's doing $300 million in sales. And so you can factor that in for yourself.

If you've got a business doing $1 million, $2 million, $3 million in revenue, and you go spend time on the shiny object, you're taking away money, time, staff, energy, and resources over here on the shiny object and not fixing the core thing that you could be scaling.

If you've got a business doing $1 million, $2 million, $3 million in revenue, and you go spend time on the shiny object, you're taking away money, time, staff, energy, and resources over here on the shiny object and not fixing the core thing that you could be scaling.

Absolutely. All right. So let's talk about the real life of the business. what does it cost for someone, a customer, to come rent from College Hunks? Like, what's the cheap side and what's the full size? Like, hey, I'm moving a big house.

Absolutely. All right. So let's talk about the real life of the business. what does it cost for someone, a customer, to come rent from College Hunks? Like, what's the cheap side and what's the full size? Like, hey, I'm moving a big house.

So surprisingly, Starbucks is not a franchise. That's right. That's mind-blowing how big they would be if it was, but they weren't. It's a very fascinating business model. In-N-Out is not a franchise. A lot of people think it is. There are certain brands that are not a franchise. And then you go to Chick-fil-A, and you've got to have millions of dollars. You have to work there for a year.