Nick Friedman

But if you've got a great amount of capital and you can buy, you know, kind of a blue chip franchise concept, as long as you get the right location and the right team in place, then you should be able to make your money back as well. We always say, you know, franchising isn't a guarantee you're going to make money. it's an opportunity to make money. It's a playbook, right?

But if you've got a great amount of capital and you can buy, you know, kind of a blue chip franchise concept, as long as you get the right location and the right team in place, then you should be able to make your money back as well. We always say, you know, franchising isn't a guarantee you're going to make money. it's an opportunity to make money. It's a playbook, right?

And if you get the keys to a race car and you don't follow the instruction manual on how to drive it, you're going to crash into the wall or drive it very slowly and not get anywhere with it, right? And so, you know, we say it's really critical that you got the right systems, but then also the right operator to be able to execute the playbook.

And if you get the keys to a race car and you don't follow the instruction manual on how to drive it, you're going to crash into the wall or drive it very slowly and not get anywhere with it, right? And so, you know, we say it's really critical that you got the right systems, but then also the right operator to be able to execute the playbook.

Yeah, I mean, I would say the fit, family, financial, and fun. So the fit is, do I have a relevant experience or background that would allow me to have some sort of applicable skillset in this business model?

Yeah, I mean, I would say the fit, family, financial, and fun. So the fit is, do I have a relevant experience or background that would allow me to have some sort of applicable skillset in this business model?

Right, like in our business, you don't need moving experience, but you need some sort of leadership acumen or ability to develop leaders because you're hiring, guys to go out and provide a service to the community. So you gotta be willing to build leaders in doing that. So do you have a skillset that you could apply to this business? Is your family behind you in this idea?

Right, like in our business, you don't need moving experience, but you need some sort of leadership acumen or ability to develop leaders because you're hiring, guys to go out and provide a service to the community. So you gotta be willing to build leaders in doing that. So do you have a skillset that you could apply to this business? Is your family behind you in this idea?

Your spouse, your friends, your neighbors, your parents, do they believe in this concept that you're excited about? Can you make the return on the investment? That's the financial side. And then the fun factor is or fulfillment factor is like, you know, life is short. Is this something you could see yourself getting up every day, even if things are challenging to do?

Your spouse, your friends, your neighbors, your parents, do they believe in this concept that you're excited about? Can you make the return on the investment? That's the financial side. And then the fun factor is or fulfillment factor is like, you know, life is short. Is this something you could see yourself getting up every day, even if things are challenging to do?

And so I think talking to some mentors, there's actually franchise brokers that are kind of like real estate agents. But for the franchise industry, we work with a lot of them in our business where they'll do personality profiles and background assessments to identify individuals.

And so I think talking to some mentors, there's actually franchise brokers that are kind of like real estate agents. But for the franchise industry, we work with a lot of them in our business where they'll do personality profiles and background assessments to identify individuals.

Is this you know, let me present a couple different concepts to you based on your background, your interests, what you said you're not interested in and help people kind of land on the decision of the type of concept they might be interested in owning and running.

Is this you know, let me present a couple different concepts to you based on your background, your interests, what you said you're not interested in and help people kind of land on the decision of the type of concept they might be interested in owning and running.

The other thing I'll mention, you know, a lot of times this word comes up in franchising called absentee ownership or semi absentee ownership. And I will tell you. It's a buzzword. It's somewhat cliche, especially in the broker communities. Everybody wants passive income, but it's not easy.

The other thing I'll mention, you know, a lot of times this word comes up in franchising called absentee ownership or semi absentee ownership. And I will tell you. It's a buzzword. It's somewhat cliche, especially in the broker communities. Everybody wants passive income, but it's not easy.

In my mind, you know, very, very few business ventures are truly passive unless you have a significant amount of capital and somebody that's going to. a CEO that's going to execute, right? That you, you know, it's, it's ask who, not how, who's going to do it if I would deploy this money. And so, you know, the franchisor is not going to do it for you.

In my mind, you know, very, very few business ventures are truly passive unless you have a significant amount of capital and somebody that's going to. a CEO that's going to execute, right? That you, you know, it's, it's ask who, not how, who's going to do it if I would deploy this money. And so, you know, the franchisor is not going to do it for you.

So you got to have somebody that's going to run it, who you can trust that, you know, is going to produce the business. And can you make a return if you're paying him on top of that?

So you got to have somebody that's going to run it, who you can trust that, you know, is going to produce the business. And can you make a return if you're paying him on top of that?