Send us a text

Unlock the secrets to franchise success with insights from expert guest Kelly Krueger, a senior consultant at Benetrends. Discover how you can transform your retirement savings into a thriving business with the Rollover as Business Startups (ROBS) program. Learn how this innovative financing option lets you invest pre-tax retirement funds into your franchise without hefty taxes or penalties, offering immediate capital and a long-term retirement strategy.

Join us as we explore the benefits and complexities of franchise financing, from the tax efficiencies of ROBS to the nuances of setting up tailored retirement plans within your business. Kelly emphasizes the importance of being a W-2 employee in your franchise and how to manage your salary flexibly. We also navigate the world of SBA loans, debunking myths, and highlighting the key borrower responsibilities and the impact of economic factors like interest rates on these loans.

Finally, we shed light on diverse investment strategies for aspiring franchise owners. Whether you're considering an SBA loan, a HELOC, or borrowing against brokerage accounts, we discuss the advantages and limitations of each. We reflect on the role of economic trends in shaping franchise opportunities, particularly in blue-collar sectors. With Kelly Krueger’s guidance, this episode promises to inspire and equip you with the financial knowledge to turn your entrepreneurial dreams into reality.

The Franchise Insiders

Podcast

Schedule A Call

Text: 305-710-0050

Take our FREE Business Builder Assessment

Send us a text

Imagine navigating the franchise world while battling holiday chaos and a norovirus outbreak—yep, that was our reality! You'll hear how we merged our two podcasts into one, creating a streamlined powerhouse called "We Bought a Franchise." We take you through our strategy to tackle seasonal slowdowns, from focusing on commercial accounts to celebrating a post-holiday surge in leads. The new year has started on a high note, and we're excited to share the ups and downs of managing franchises in diverse locations, each with its own unique personality quirks.

Join us as we reveal the secrets behind our businesses, Franchise Insiders and Pinks, and how they led us to write our new book, "The Perfect Fit: Finding Your Franchise Freedom." We chat about the importance of customer feedback, listener suggestions, and the unexpectedly lingering presence of 20 Christmas trees still standing tall in our home. Plus, prepare for some laughs as we share a glimpse into our holiday fatigue, having already silenced the festive tunes. This episode promises valuable insights wrapped in personal anecdotes that will leave you inspired and entertained.

Visit www.weboughtafranchise.com to subscribe.
Send us your questions for an upcoming episode at 305-710-0050.
From your pals in franchise ownership, Jack and Jill Johnson.

The Franchise Insiders

Podcast

Schedule A Call

Text: 305-710-0050

Take our FREE Business Builder Assessment

Send us a text

Ever wondered how franchise insurance works and who you can turn to for the right coverage for your current or future franchise?

In this episode, we sit down with Wade Milward, the founder of Rikor, to explore the fascinating world of franchise insurance. Wade takes us on a journey from his roots in the family insurance business to becoming a trailblazer in franchise insurance, offering insights that are both informative and entertaining.

Wade explains the complex relationship between franchisees and franchisors, breaking down how clear expectations and open communication can prevent costly mistakes—especially when it comes to understanding insurance costs. We dive into the diverse insurance needs across various franchises, highlighting why coverage is essential for high-risk businesses like roofing and why treating insurance as a strategic investment is key to long-term success.

Throughout the conversation, we tackle the unique challenges and rewards of franchise ownership, discussing the importance of sticking to proven systems and processes, how to navigate regional differences, and the value of mentorship in scaling your business. Wade shares his own story of breaking free from the corporate world and how that move led to greater personal freedom, growth, and opportunity.

If you're navigating the world of franchise insurance—or just curious about how to protect and grow your franchise—this episode is packed with valuable insights you won’t want to miss.

The Franchise Insiders

Podcast

Schedule A Call

Text: 305-710-0050

Take our FREE Business Builder Assessment