675. Gaining Financial Freedom through Franchising with Kim Daly

Kim Daly has spent the last 20 years helping people achieve financial freedom by enabling them to find the perfect franchise opportunities. Her skill for matching a client’s background, interests, skills, finances, and life goals to the ideal opportunity has made her one of the top franchise consultants in the country. Today, we are here to pick her brain and gain some insight into what can seem like a daunting process - deciding on the perfect franchise to enable you to gain financial freedom.

 

[00:01 - 05:46] Opening Segment

• Introducing Kim to the show
• Brief background and career
• The biggest mistake that people make when going into franchising 
• Having assumptions about what it is or what they're owed
• Franchising can help business owners support themselves and lower the amount of work that they have to do
• Franchising is all about the people, not just the widget
• Franchises bring in marketing and tools to help the business grow

 

[05:46 - 12:23] What It Takes to Own a Franchise

• Do you need to have a license?
• Managing employees who know more in the industry
• Why do most entrepreneurs build businesses that are centered around them
• The importance of learning how to price properly

 

[12:24 - 19:48] Gaining Success in the Franchising Space

• How a business can benefit from a cloud-based system
• Can you be part of more franchises?
• The importance of deciding who your customers are
• Validating through talking to other franchises

 

[19:49 - 21:29] Closing Segment

• See the links below to know more about Kim
• Final words

 

Quotes:

 

“What you’re really doing when you invest in a franchise is you’re buying a partnership. This is all about the people.” - Kim Daly

 

“Widgets are not making people successful. It’s leadership, culture, and relationship that you’re buying into that’s infinitely more important than the widget that your business actually sells.” - Kim Daly

Connect with Kim by visiting www.TheDalyCoach.com.

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