Have you ever thought about owning a Franchise, but got discouraged by the large amount of investment capital?
Many of us have. Franchises pose barriers to entry to most of us, but not any more!
In today’s episode I speak with Kenny Rose, the founder of FranShares. He is on a double mission to allow individuals to invest in franchises and to solve for the generational wealth gap through local business ownership. Kenny has an amazing mindset and energy.
So we go deep both on him as an entrepreneur and his business. We cover his definition of great product - not your traditional answer!, why wealth creation is a problem with a big surface area, why franchises is a good asset class, what makes FranShares innovative, how he pays earnings, how he chooses franchises in the platform and his mindset as an entrepreneur.
It’s a fascinating conversation!
We cover,
(01:54) Franchises as an investment opportunity
(02:52) Empowering entrepreneurs
(11:42) Building a successful team
(24:06) Why invest in Franchises?
(28:21) Equity growth vs. income in Franchising
(29:05) The appeal of franchises
(31:15) Why FranShares is an Innovative Fintech
(35:58) Selecting the Right Franchises
(42:43) Challenges in Franchising investments
(48:19) FranShares future plans
(49:58) Advice for aspiring entrepreneurs
(52:37) The one thing to change in FinTech
Follow for more discussions on how to build great FinTech products with customer and commercial impact and to stay updated on the latest episodes.
👉 You can find Kenny here
👉 And you can find Monica here:
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Production and marketing by Monica Millares. For inquiries about being in the show, coaching, consulting, creative collabs, sponsoring the podcast or creating or editing your podcast email fintechwithmoni@gmail.com
Disclaimer: This episode does not constitute professional nor financial advice and does not represent the opinion nor views of my current, past or future employers. The guest has agreed to record and release our conversation for the use of this podcast and promotion in social media.
