Franchise Myths BUSTED: Make $1 Million With $68K Investment! | Lance Graulich DSH #588

Digital Social Hour

Sean Kelly

Self-improvement, Education

5 • 1.1K Ratings

🗓️ 17 August 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Franchise Myths BUSTED: Make $1 Million With $68K Investment on the Digital Social Hour with Sean Kelly! 🚀 Ever thought you needed a fortune to dive into franchising? Think again! In this eye-opening episode, we debunk common franchise myths and reveal how you can transform a $68K investment into a whopping $1 million! 💸 Join us as we chat with the franchise guru Lance Graulich, who shares insider secrets on how to make BIG bucks with minimal investment. From McDonald's to unseen gems like anchored tiny homes and HVAC—this episode is packed with valuable insights you can't afford to miss! 🌟 **Key Takeaways:** - Busting the myth: You DON’T need to be a millionaire to start a profitable franchise! - Discover franchises under $200K with HUGE profit potential. - Learn about semi-absentee ownership and how to keep your day job while running a successful franchise. - Hot franchise alert! Find out why anchored tiny homes and HVAC are the next big things. - The essential, recession-proof industries making millionaires every day. Tune in now to uncover the blueprint for franchise success. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Don't miss out—join the conversation and start building your franchise empire today! #FranchiseFacts #FranchiseOpportunities2023 #FranchiseReturnOnInvestment #FranchiseMillionInvestment #FranchiseAdvice CHAPTERS: 00:00 - Intro 00:50 - Do You Need A Lot Of Money To Start A Franchise 01:55 - Do You Need To Be Hands-On 04:00 - Upcoming Franchises That Are Hot Right Now 05:45 - Are You Buying Yourself A Job 09:37 - What Works In The Restaurant Space Right Now 11:25 - What Makes a Good Franchise 13:03 - Franchise Fees 17:27 - Hiring Skills 18:02 - Sean's Mentor 18:52 - Have Any of Sean's Franchises Failed 21:07 - Do You Need to Like the Product 23:50 - How to Get an SBA Loan 25:38 - Home Care Industry 27:54 - How Much Do You Pay for a Franchise Contract 30:49 - How to get in touch with Lance APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Lance Graulich https://eyeonfranchising.com/ https://lancegraulich.com/ https://www.instagram.com/lance.graulich SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	business owner for the first time.
0:01.0	Yeah.
0:02.0	Some people could be a rope that they just, they're crazy.
0:05.6	Risk tolerance, no big deal.
0:07.0	Just take that rope.
0:08.2	Other people need a solid steel engineered bridge to leave their job. They don't want risk.
0:14.0	They don't want, they don't want to worry about anything.
0:17.0	Well, there's no guarantees in life.
0:19.0	You know, when you get into a franchise, it still has a little bit to do with you and your abilities.
0:26.2	Wherever you guys are watching this show I would truly appreciate it if you follow or
0:29.9	subscribe it helps a lot with the algorithm. It helps us get bigger and better
0:33.5	guests and it helps us grow the team. Truly means a lot. Thank you guys for
0:37.2	supporting and here's the episode. All right guys we are talking franchising today very excited because there's something I'm looking to diversify into one day
0:45.2	Lance growlick is here in the building my man Sean. Thanks for having me
0:49.2	Excited
0:50.5	Franchising world man. There's a lot of uh myths out there you know there's so many
0:55.6	myths the biggest one I see is you need a ton of money yes to start but I'd like
0:59.6	love for you to bust that one yeah everybody talks about McDonald's obviously we talk
1:03.6	about what we see and what we know and you look at all the retail franchises
1:08.2	out there like McDonald's, Burger King, Wendy's and uh... super cuts and great clips in all those salons and personal care
1:15.4	bottom line is yeah you have to be a millionaire to own a franchise like
1:19.0	McDonald's but I represent tons of brands that under $200,000 you get a $150,000
	...

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