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Franchise Euphoria: Franchise Insights | Entrepreneurial Coaching | Business Training | Legal and Financial Strategy - By Josh Brown: Business Lawyer 4th August 2020
Debunking the Biggest Myths in Franchising with Kim Daly of The Daly Coach
00:00:00 00:32:47

Debunking the Biggest Myths in Franchising with Kim Daly of The Daly Coach

Kim Daly is one of America’s Top Franchise Consultants who has helped thousands of people explore franchise opportunities. For over 20 years, she has traveled the country as a keynote speaker and business break out leader and has hosted her own live events educating, motivating and inspiring Americans to the dream of small business ownership through the proven systems of a franchise.

Key Takeaways:

[0:18] Today’s episode of Franchise Euphoria is brought to you by IndyFranchiseLaw.com, a leading resource in the franchise space. Head over to IndyFranchiseLaw.com learn more!

[0:59] Josh introduces today’s guest, Kim Daly, the creator and host of The Daly Show.

[1:58] Josh welcomes Kim to Franchise Euphoria.

[4:05] Kim weighs in on finding the “why” with potential franchisees is one of the most crucial components to dissect prior to buying a franchise.

[7:14] In Kim’s opinion, there is a large number of misconceptions surrounding franchising that she has spent years debunking.

[12:49] Josh shares how important it is to vet the long-term value of the franchisor throughout the duration of your franchise ownership prior to purchasing.

[16:29] Kim shares why potential franchisees should focus on personal development rather than business development at the outset.

[19:39] The concept of building wealth through franchising can seem daunting, but Kim helps her clients identify systems that have wealth building opportunities, such as expansion or the opportunity to manage their business hands off while continuing to work in a daytime job.

[22:59] Despite COVID-19, Josh shares how franchising has stayed relatively consistent and Kim discusses why this is the perfect time to franchise.

[28:05] Kim shares what she believes is the crucial first step to anyone considering buying a franchise.

[31:49] Thanks for listening, and please, reach out to Josh anytime through email at josh@franchiseeuphoria.com. If you enjoyed this interview, please leave us a review on iTunes.

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