Franchising 101 with Tim Pickwell | Starting Strength Gyms #54

Starting Strength Radio

Mark Rippetoe

Training, Fitness & Nutrition, Strength, Barbell, Health, Fitness

4.6 • 740 Ratings

🗓️ 3 July 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Everything you never asked to know about the franchise business is covered in this conversation between Ray Gillenwater and our franchise attorney, Tim Pickwell. If business legal minutia gets your engines revving, we feel sorry for you, but the good news is you may enjoy this podcast episode. And for those of you that say we're boring...this episode is evidence that you are indeed correct. 01:02 Franchise attorney 02:54 How SS Gyms operates vs others 05:42 Cash flow positive 06:49 Franchisee success and treatment compared to others 09:36 Majority of revenue from royalties 12:16 Maintaining quality and growing as slowly as we need to grow 20:30 Relevant regulations and why they were created 27:11 Federal Trade Commission 31:34 North American Securities Administrators Association 36:56 Are the FDD and laws obsolete? 39:49 No SS Gyms in California and New York 44:50 Thank you to our members 46:11 How many franchise companies are self funded? 48:21 40 gyms is the magic number 48:51 What could we do better? 51:19 Ray Kroc 51:58 Good things to come 57:35 We love transparency

Transcript

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0:00.0	Question for you to get started. Can you think of the name of the company that produces
0:08.0	the content that you consume the most on the internet? For me, the answer is starting strength.
0:14.0	Second question, can you think of another company or a brand that produces the highest quality content of all the content
0:23.7	you consume.
0:25.4	For me, that's starting strength.
0:27.4	So I show my support by subscribing to the network.
0:31.6	It's $8 a month.
0:33.1	You can sign up at network.startingstrength.com.
0:36.1	If you can afford it, if it's no big deal, if $8 a month is a lot of money,
0:40.0	don't sweat it and just keep listening for free.
0:44.2	Speaking of the rich and the poor, if you're the former, you might be able to afford
0:49.0	our gyms.
0:50.3	But the good news is the first session is free.
0:52.5	It's a free 30-minute coaching session.
0:54.8	And if you mention this ad spot at any participating gym, you will get a free 30-minute
1:00.8	coaching session.
1:01.9	So those are our ads.
1:04.6	We are sponsored by ourselves.
1:06.5	On with the show.
1:07.8	Mildly entertaining.
1:09.9	Somewhat obscure guests., relatively interesting topics,
1:14.6	semi-professional production quality, reasonably well-informed commentary,
	...

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