The Wealth Without Wall Street Podcast Round Table | Franchise Investing: Passive Income or Full-Time Job?
Mar 25, 2025
Join seasoned franchisee Chad Arnold as he demystifies the world of franchising. With nearly $1 trillion in annual revenue, deceptively appealing as a passive income source, franchising can also feel like a full-time job. Chad shares insights into the biggest misconceptions and essential questions to ask before signing a franchise agreement. Discover how to systemize operations for a more hands-off approach and learn about the balance between initial efforts and potential profitability in this engaging discussion.
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Unintentional Franchisee
- Chad Arnold's entry into franchising was unplanned.
- He leased space to a company that became his first franchise.
Pre-Commitment Questions
- Ask potential franchisors about failure rates and royalty justifications.
- Speak to existing franchisees for candid insights.
Franchisee Insights
- Talk to current franchisees before committing to a franchise.
- Franchisors may exaggerate to secure the franchise fee.