Business:Entrepreneurship
When my wife, Kelly, and I were just starting out, we found ourselves yearning to be business owners at a relatively young age. The hitch? We were short on resources and had little financial backing. Yet, the desire to break free from the conventional 9-5 grind was too potent to ignore. In this riveting episode, I unfold the tale of our journey into franchise ownership, specifically how we smartly navigated non-traditional funding strategies to make our dream a reality. From SBA loans and ROBS to home equity lines of credit, you'll hear it all.
Choosing a franchise is a daunting task, but for us, Shelf Genie felt like the right fit. Starting a business with a limited budget was challenging, but what carried us through was our sheer determination and resilience. We share about our ups and downs, the countless late nights, and the consistent effort, all of which paid off when we won the Franchisee of the Year award in 2022. We are living proof that starting from scratch doesn't mean you cannot achieve big!
I dive into the nitty-gritty of our franchise partnership and ownership structure. Understanding how to structure your business for success is essential, and we've learned that through hands-on experience. We openly discussed how we struck a balance in our partnership, hitting a 20% profit margin, and embarked on the journey of opening up new avenues for future opportunities. I hope our story will inspire you and assure you that with perseverance and creativity, financial constraints can be worked around. So, tune in, get inspired, and learn how you could also tread the path to freedom through business ownership.
Don't forget to like and subscribe! Instagram:
https://www.instagram.com/path2frdm/
Facebook: https://www.facebook.com/path2frdm
Linkedin: https://www.linkedin.com/in/wesleybarefoot/
7 Steps to Owning a Franchise:
https://path2frdm-1.hubspotpagebuilder.com/path-to-freedom-about-franchising
If you would like to learn more about this particular franchise opportunity or discuss franchise ownership in general - feel free to use the link to my calendar below to schedule a free, no-obligation introductory meeting.
https://calendly.com/Is-barefoot/introcallwithIs
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