
We Live to Build The Hidden Fees That Can Make Your Franchise Unprofitable
What are the hidden fees in franchising that can destroy your profits? In this essential interview, Tom Rutledge, co-owner of the hospitality group RDMS Group, reveals the contractual traps that many new franchisees fall into. He explains how you can be locked into expensive, closed-circuit purchasing contracts and how your marketing dollars can be spent on campaigns that will never benefit your location. This is a masterclass on the importance of due diligence and why, for many, buying a franchise is just buying a very demanding job. Check out the company: https://rdmsgroup.com
Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory
👀 CONNECT WITH SEAN
Subscribe: https://www.youtube.com/@seanweisbrot
LinkedIn: https://linkedin.com/in/seanweisbrot
Inquiries: welivetobuild@gmail.com
🕒 CHAPTERS
00:00 - From Big Finance to The Trenches of Small Business
03:26 - The #1 Reason People Buy a Franchise (And Why It's a Myth)
06:57 - The #1 Reason Most Founders Fail
10:11 - Why You Must Learn to Speak Accounting
13:36 - The Contractual Traps That Will Drain Your Profits
16:57 - The Hidden Fees That Make Your Franchise Unprofitable
23:29 - The Misconception That Franchises Are Passive Income
26:40 - How We Use Our Accounting Firm to Grow Our Other Businesses
30:00 - The Secret to Building Real Relationships
33:08 - Why Being "Busy" Is Not the Same as Being Successful
36:06 - The Most Important Thing I've Ever Learned
📈 WORK WITH ME
▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory
▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate
▶ My AI/Automation Agency: https://optimai.ai
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