Kim Daly on What Makes a Great Franchisee

Nov 29, 2023

37:22

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Episode notes

In this episode, Rick speaks with award-winning franchise consultant Kim Daly about what makes a great franchisee. Kim is the number one franchise consultant in the number one franchise consultant group. Kim is also a keynote speaker and mindset coach.

With over two decades of experience, Kim shares valuable insights into what it takes to succeed in franchising.

A common misconception with franchising is that success is handed to you upon signing the franchise agreement. Nothing can further be from reality.

The truth is true success will ultimately come down from the franchisee's mindset. You are the biggest factor in the financial outcome of your business.

Kim stressed the importance of being open and coachable, particularly for individuals with Type A personalities prevalent among potential franchisees.

While these personalities bring determination and drive, success in a franchise requires humility and a willingness to learn. It requires surrendering the ego, accepting the proven processes of the franchise, and staying open to coaching and guidance.

This is a great episode for both potential and existing franchisees from America’s leading franchise consultant. Tune in!

Key Takeaways

Why Kim is the best franchise consultant (00:37)

What makes a great franchisee (07:26)

You are the biggest factor for the outcome of your business (09:30)

Be open and coachable (15:44)

Competitive drive to succeed (21:45)

Personal development and growth in franchising (26:02)

You can be anything you want (34:49)

Additional Resources:

Connect with Kim Daly:

- Kim Daly TV: @TheDalyCoach