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Thrivetime Show | Business School without the BS

Business | The 5 Toughest Aspects of Owning a Franchise (with Matt Kline the Oxi Fresh Franchise Developer)

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 16 May 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

On today's show, Matt Klein, the franchise brand developer for oxy fresh carpet cleaning franchises,

0:06.7

joins us to share the five toughest aspects involved in owning and managing a franchise,

0:12.6

including how do you find the right people that can actually do the job? How do you push through

0:18.0

that ramp up period when the cash flow is not looking very good? How do you organize and manage

0:24.0

your day? How do you manage your cash flow and how do you stay on top of your taxes? All this

0:30.8

and more on today's interview with Mr. Matt Klein. Some shows don't need a celebrity narrator to

0:38.0

introduce the show, but this show dies. Two men, eight kids co-created by two different women,

0:46.8

13 multi-million dollar businesses. Ladies and gentlemen, welcome to the Thrive Time Shop.

0:53.9

Oh yes, yes, yes, and yes. Z and Z had another exciting edition of the Thrive Time Show on

1:18.8

your radio and podcast download. And for some reason, some reason, I have a fever and a cure could

1:24.9

be more cowbell. So we've got blowing my mind, Matt Klein on the phone here with oxy fresh based

1:32.8

in beautiful, beautiful Denver, Colorado. Matt, we're talking today about the five toughest

1:39.3

aspects of running a franchise. So once somebody unwraps the gift wrapping, once they fill out a form,

1:47.4

they learn more about oxy fresh. You send them a franchise disclosure document. They fly to

1:51.9

Denver, Colorado for a discovery day. And they decide to sign on the line. And you decide that

1:57.1

are a good fit. You award them a franchise. Now they have one in their own local city. Matt, what

2:03.5

is the toughest aspect of running a franchise? We got the top five. If you had to say the top,

2:08.8

the toughest challenge of running a franchise, what is it, my friend? Yeah, I think then thanks

2:15.6

for letting me be on the show today for us. And I think every other business, I don't think this is

2:20.5

just, you know, specific to one industry or one business. It is absolutely finding the right people.

2:26.0

And it's not just finding the right people that can do the job. It's finding the right people that

2:29.6

are going to work alongside you and what your vision is and how you can get there with a group of

...

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