The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom

Sofie, the founder of a travel blog, shares her journey as a digital nomad and the challenges she faced in maintaining location freedom. She discusses how turning her passion into a business affected her mental health and the need to redefine success. Sofie emphasizes the importance of finding balance, focusing on other aspects of life, and deriving value from more than just business achievements. She shares her experience of reevaluating her identity and finding joy in activities outside of work. Sofie also highlights the significance of decision freedom and making choices that align with personal values. Takeaways Turning your passion into a business can lead to a loss of joy and a blurred boundary between work and personal life. Deriving value from more than just business achievements is essential for mental well-being. Finding balance and focusing on other aspects of life can help prevent burnout and maintain overall happiness. Decision freedom is crucial in creating a business that aligns with personal values and brings fulfillment. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Sofie here: ➙ Instagram: https://www.instagram.com/sofiecouwenbergh/ ➙ LinkedIn: https://www.linkedin.com/in/sofiecouwenbergh/ ➙ Website: https://sofiecouwenbergh.com/

In this episode, Neel chats with Chase Lord, a successful business coach and owner of a seven-figure soft wash and power wash company. They discuss the importance of working on the business rather than in the business, the challenges of scaling a business, and the impact of marketing on business growth. Chase emphasizes the need for time blocking and focusing on one marketing platform to effectively track and analyze results. He also introduces his coaching program, Legacy Metric, which helps entrepreneurs achieve time and financial freedom. Takeaways Working on the business is essential for growth and success. Setting aside dedicated time to work on the business is crucial. Effective marketing requires tracking and analyzing data. Focusing on one marketing platform can yield better results. Chase Lord's coaching program, Legacy Metric, helps entrepreneurs achieve time and financial freedom. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Chase here: ➙ LinkedIn: https://www.linkedin.com/in/chase-lord-61373a58/ ➙ Facebook: https://www.facebook.com/chase.lord.54 ➙ YouTube: https://www.youtube.com/@chasefreedomfamily

Brian and Jen Boyle, owners of MaidThis Salt Lake City, share their background and journey in business. Brian has been running a pizza franchise for 22 years, while Jen has been a physical therapist for 26 years. They decided to join MaidThis because of the consumable and relationship-based nature of the business. They appreciate the automation and support system provided by MaidThis, as well as the opportunity to learn from and collaborate with other franchise owners. They plan to expand their business further south in Utah and focus on building relationships with apartment complexes. Takeaways Building relationships and providing excellent customer service are key to long-term success in business. Investing in relationship equity and planting seeds for future business growth is essential. Focusing on the fundamentals and doing the small, boring tasks consistently can lead to a successful business. Being part of a supportive community and learning from other franchise owners can be invaluable. Automation and systems can streamline operations and make business management more efficient. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ to learn more about MaidThis

In this episode, Neel chats Ed Rodriguez, the CEO of HireLATAM. Ed shares his journey from starting a cleaning company to eventually selling it and transitioning into the global talent agency business. They discuss the importance of taking the plunge into entrepreneurship, the process of selling a business, and the business model of HireLATAM. Ed also provides insights into recruiting talent from Latin America, including pricing and cultural nuances. Takeaways Taking the plunge into entrepreneurship can lead to faster growth and success Selling a business requires careful consideration of valuation and finding the right buyer HireLATAM helps businesses recruit talent from Latin America, offering a range of services and expertise Recruiting talent from Latin America requires understanding cultural nuances and considering cost of living Latin American talent often has experience working with US companies and can provide high-quality support Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Ed here: ➙ X: @edrodz3  https://x.com/ERodz3 ➙ X: @Hire_Latam https://x.com/Hire_LATAM ➙ Website: https://hirelatam.com/

In this episode, Neel chats with Nik Hulewsky, the host of Nikonomics Podcast and the founder of Co-Founders. They discuss Nik's background and his journey into entrepreneurship. Nik shares his experience working in the corporate world and how it led him to start his own businesses. They also talk about the importance of knowing your strengths and weaknesses as an entrepreneur and how it can guide your business decisions. Nik emphasizes the need for delayed gratification and the importance of aligning your business with your personal goals and values. Takeaways Know your strengths and weaknesses as an entrepreneur and choose a business model that aligns with them. Delayed gratification is a key aspect of entrepreneurship. Be prepared to sacrifice now for future success. Identify your personal goals and values and build a business that supports them. Focus on building an audience and a brand, and the monetization opportunities will follow. Secure the bag first by focusing on a specific business or opportunity, and then explore other options for variety and enjoyment. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Nik here: ➙ X: @cofoundersnik ➙CoFounders: https://www.cofounders.com/about  ➙Nikonomics: https://www.youtube.com/channel/UCs45sHlKtDMxhPKt1Pjdevg 

In this episode, Neel chats with Matt Brazis, the owner of MaidThis Tampa. Matt shares his journey of leaving his nine-to-five job in medical device sales to start his own lifestyle business. He talks about his interest in entrepreneurship and the desire to build something that he can own and pass down for generational wealth. Matt also discusses the challenges of finding reliable labor and the importance of being comfortable with technology in running a cleaning business. He shares his expertise in utilizing credit card points to travel and the benefits of having a side hustle to support the growth of his main business. Takeaways Entrepreneurship offers the opportunity to build something that can be owned and passed down for generational wealth. Finding reliable labor is a challenge in running a cleaning business. Being comfortable with technology is important in managing the operations of a cleaning business. Utilizing credit card points can be a cost-effective way to travel and save money. Having a side hustle can provide additional income to support the growth of a main business. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek

In this episode, Neel chats with Adam Goldman, a franchise coach with experience in franchise placement. They discuss the role of a franchise coach, the types of people who are a good fit for franchising, and how to evaluate franchise brands. Adam emphasizes the importance of cultural fit and getting to know the person behind the franchisee. They also touch on the misconception that franchising is a passive investment and the need for active involvement. Adam shares his experience as a master franchisor for Vanguard Cleaning and the support they provided to franchisees. Takeaways A franchise coach helps potential franchisees navigate the process of finding the right franchise brand for them. Franchising is not for everyone. It requires following a system and having some business acumen. Cultural fit is important when evaluating franchise brands. It's crucial to find a brand that aligns with your values and goals. Franchising is not a passive investment. It requires active involvement and time commitment. Different franchise brands offer different levels of support and resources for franchisees. If you're interested in franchising, consider working with a franchise coach to find the best fit for you. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Adam here: ➙ Social Media: ⁠⁠ ⁠@FranchisecoachG ➙ ⁠Website: https://www.franchisecoach.net/ or http://www.franchiseadam.com

Tim Michael, founder of Kickstart My Franchise, shares his expertise in the world of franchising. He discusses his background and how he got into franchise brokerage. Tim provides insights on evaluating franchise brands, including the importance of looking beyond financials and considering factors like the item 19 and item 20 in the Franchise Disclosure Document (FDD). He emphasizes the value of talking to existing franchisees to get a real sense of the brand's support and success. Tim also discusses different business models and the importance of considering one's comfort with sales and networking. He advises potential franchisees to be cautious of brands that grow too fast and to evaluate the support and capitalization of the franchisor. Lastly, Tim highlights the significance of budget and motivation in choosing the right franchise brand. Takeaways Evaluate franchise brands beyond financials by considering factors like the item 19 and item 20 in the FDD. Talk to existing franchisees to get a real sense of the brand's support and success. Consider your comfort with sales and networking when choosing a business model. Be cautious of brands that grow too fast and evaluate the support and capitalization of the franchisor. Budget and motivation are key factors in choosing the right franchise brand. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Tim here: ➙ Social Media: ⁠⁠ ⁠@kickstartmyfranchise ➙ ⁠https://kickstartmyfranchise.com/

Orlando Reyla, owner of MaidThis St. Pete Clearwater, shares his journey of starting a cleaning business while still working a nine-to-five job. He discusses the challenges of balancing both and the support he received from his family. Orlando emphasizes the importance of having a clear why and being prepared for the hard work and challenges that come with entrepreneurship. He also shares his learnings, including the importance of delegating and building a remote team, and the value of the support system provided by the MaidThis franchise. Takeaways Balancing a nine-to-five job and starting a business requires time management and dedication. Having a clear why and motivation is crucial for staying committed to the entrepreneurial journey. Delegating and building a remote team can help scale a business and free up time for other responsibilities. Challenges and mistakes are part of the process, and learning from them is essential for growth. Being part of a supportive community and having access to resources can greatly contribute to business success.

In this episode, Neel chats with Trenton Hughes, the founder of a venture studio called TRIBE. They discuss the concept of venture studios, Trenton's journey from corporate to entrepreneurship, and the importance of finding freedom through aligning with personal values. Trenton also shares his experience of burnout and the lessons he learned from it. He emphasizes the need for community and support for entrepreneurs, which led him to start TRIBE. Overall, the conversation highlights the importance of finding fulfillment and balance in entrepreneurship. Takeaways Venture studios are a newer model of entrepreneurship that focus on creating new ventures rather than just investing in existing ones. Finding freedom in entrepreneurship is not just about making money, but also aligning with personal values and finding fulfillment in day-to-day activities. Burnout is a common experience for entrepreneurs, and it is important to prioritize mental and emotional health. Having a supportive community and network of like-minded individuals can greatly benefit entrepreneurs. Tribe is a community and support network for early-stage entrepreneurs, providing peer groups, retreats, and other resources at a more affordable price point. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Winslow here: ➙ X (Twitter): ⁠⁠ ⁠@trentjhughes