Jeff Dudan
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, we're going to have a hundred million more people in this country by 2050. There's at least, and it could be much more than that, depending on what position we ultimately take on immigration and things like that. Some integration is definitely good. I mean, we need new people in this country and that's the way it's always been.
And then also there's an increased migration with remote work. So people are able to move to more preferable places if they want to and still maintain continuity of their career through remote work and those types of things. So anytime somebody leaves a home and gets into a new home, there's always work to get done.
And then also there's an increased migration with remote work. So people are able to move to more preferable places if they want to and still maintain continuity of their career through remote work and those types of things. So anytime somebody leaves a home and gets into a new home, there's always work to get done.
And there's really a shortage of inventory of houses in some of these places that are growing so fast. So there's going to be new malls and schools. And I mean, somebody was in, what city was it? I know Nashville's been that way, but there's cranes everywhere in some of these cities that are growing. And it's just, they're growing so fast. in so many markets.
And there's really a shortage of inventory of houses in some of these places that are growing so fast. So there's going to be new malls and schools. And I mean, somebody was in, what city was it? I know Nashville's been that way, but there's cranes everywhere in some of these cities that are growing. And it's just, they're growing so fast. in so many markets.
So it's the most durable of the 72 categories in franchising. I think it's really the most durable category. You'll never find a home front brands nestled comfortably between a Blockbuster and a Curves because there's no obsolescence in property services. So if somebody wants to really build a generational asset, and by the way, businesses are high class assets.
So it's the most durable of the 72 categories in franchising. I think it's really the most durable category. You'll never find a home front brands nestled comfortably between a Blockbuster and a Curves because there's no obsolescence in property services. So if somebody wants to really build a generational asset, and by the way, businesses are high class assets.
I bought my first home when I was in college for $62,500. And I bought the next two homes for under $100,000. And if you're a young person today and you're in where I live, you can't buy a starter home for less than $400,000. And that just doesn't work for people. It's very difficult, especially with interest rates such as they are.
I bought my first home when I was in college for $62,500. And I bought the next two homes for under $100,000. And if you're a young person today and you're in where I live, you can't buy a starter home for less than $400,000. And that just doesn't work for people. It's very difficult, especially with interest rates such as they are.
Oh, I can't even imagine.
Oh, I can't even imagine.
Your foyer is $400,000. Wow. So I used real estate all along the way to fund my business. That was my bank, commercial buildings, homes, spec homes, all this stuff we built. And that was how I would gain money to maintain 100% control of my business and fund it. So, you know, stock market, hey, we hit all new, all time new high yesterday. And it continues to go up. So that's great.
Your foyer is $400,000. Wow. So I used real estate all along the way to fund my business. That was my bank, commercial buildings, homes, spec homes, all this stuff we built. And that was how I would gain money to maintain 100% control of my business and fund it. So, you know, stock market, hey, we hit all new, all time new high yesterday. And it continues to go up. So that's great.
Dollar cost average in there. But if I'm a person right now that wants to create financial security, economic freedom for my family on Main Street USA, take advantage of the tax code. Businesses move with inflation. Businesses are the highest class asset. And I think more and more people in the work that you're doing at Leap is playing right into that.
Dollar cost average in there. But if I'm a person right now that wants to create financial security, economic freedom for my family on Main Street USA, take advantage of the tax code. Businesses move with inflation. Businesses are the highest class asset. And I think more and more people in the work that you're doing at Leap is playing right into that.
People might be improving their careers, but they also... might be getting into a business. Whatever the next leap is for them, I don't know how you do it. I know what you do. So we looked at this property services because it was like, well, property services has played out, but I don't think so. And so we looked at it and we said, you know, there's this concept of,
People might be improving their careers, but they also... might be getting into a business. Whatever the next leap is for them, I don't know how you do it. I know what you do. So we looked at this property services because it was like, well, property services has played out, but I don't think so. And so we looked at it and we said, you know, there's this concept of,
okay, if we're going to do this, one of the challenges, if you start a single brand, brands take a long time to build. They're expensive to build because we only get paid pennies on the dollar on the back end. So until we have in a service brand, 60 franchise owners operating at some level of maturity, We're not even going to be a break-even royalty self-sufficient company.
okay, if we're going to do this, one of the challenges, if you start a single brand, brands take a long time to build. They're expensive to build because we only get paid pennies on the dollar on the back end. So until we have in a service brand, 60 franchise owners operating at some level of maturity, We're not even going to be a break-even royalty self-sufficient company.
So we have to get there. And the other side of it is, is if I want to attract the best talent in the industry that I could possibly get, I have to create an opportunity that's big enough for them. So I can't start with one brand and nibble at it. I'll be another 24 years. So we know that we had to start with somewhere between four and six businesses and