Franchise Secrets Podcast

How To Go From Earning Partially Passive Income To TOTAL Passive Income With Franchises

Apr 4, 2023

42:52

When investing in a franchise or a passive income deal, you always have to follow specific criteria.

Surprisingly, looking for fast cash flow or a substantial ROI are not the only factors to consider.

Connections, education, and tax strategies are even more important than cash flow. And today’s guest explains why.

Ryan Casey is a successful franchisee of Orangetheory Fitness. One of his studios is in the top twenty locations in the country, and another is number four. He’s living proof that with the right systems in place, you can create entirely passive income, thanks to franchising.

Together with Ryan, Erik shares different takeaways on semi-absentee ownership and how to start passive investing on the right foot.

Listen in for a list of the criteria to follow when trying to acquire a new franchise and extra skills you need to develop to make your franchise successful.

“Franchisees should have criteria for brands they are getting into.” - Erik Van Horn

In This Episode:

- Keys to semi-absentee ownership and passive investing

- Why you should choose well-known brands rather than emerging ones

- Importance of hiring the right director of operations for your franchise

- Why cash flow ROI is not the most crucial factor when choosing a franchise

- How to ask appropriate questions and conduct due diligence when looking for deals

- Skills needed to be a franchise owner

Resources:

- Learn more about Erik’s franchisee mastermind here - www.franchisetribe.com

- Learn more about Erik’s franchisor mastermind here - www.franchisortribe.com

- Learn more about Erik’s passive investing mastermind here - www.tribeofinvestors.com