Don't Start Your Own Business Until You Know This - Dan Claps

In this special solo episode of the I Fired My Boss podcast, Dan Claps shares his presentation from a live webinar titled Don’t Start Your Own Business Until You Know This. Drawing on 12 years of experience in franchising, entrepreneurship, and business brokerage, Dan lays out the foundational framework every aspiring business owner needs to understand before jumping into business ownership. Whether you're considering starting a business from scratch, buying an existing one, or joining a franchise, Dan walks through the costly mistakes to avoid—and the critical filters to apply when selecting the right business and industry for your goals and lifestyle.

Dan breaks down five key factors that determine whether a business will set you free or trap you: how you'll acquire customers, find and manage employees, stand out in the market, make the numbers work, and whether the day-to-day aligns with your personal strengths. He also dives into real-world examples from his own entrepreneurial journey—from a failed college startup to scaling and selling a lead gen company to private equity, and launching his current franchise, Voda Cleaning & Restoration. This episode is packed with practical advice on industry selection, understanding business models, leveraging SBA loans, and why franchising might be the fastest path to freedom for many aspiring entrepreneurs.