MtoM #119 - Opening a Franchise
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 22 May 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Our interviewees today are telling us about opening their first franchise. After listening to WCI podcast episode 267 about non-food franchising they decided to give it a try! This couple did tons of due diligence and spent a great deal of timing getting educated about how this business would run and they are finally off to the races. We think you will find their story super inspiring. This debt averse couple waited to do this until they had enough cash to pay for the whole project up front. Their advice to you is to be at a place in your financial life that if it doesn't work out it won't ruin you financially. That way this process can be fun instead of scary. Want to listen to the episode that inspired them? Check it out here: https://www.whitecoatinvestor.com/non-food-franchising-267/
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Transcript
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| 0:00.0 | This is the Whitecode Investor Podcast, milestones to millionaire, celebrating stories of success |
| 0:05.6 | along the journey to financial freedom. |
| 0:12.7 | This is milestones millionaire podcast number 119, opening a franchise. |
| 0:17.5 | This episode is sponsored by All Global Circle. You have valuable knowledge and can always use |
| 0:21.4 | a little extra money. The All Global Circle community is set up to provide a clear, easy and |
| 0:26.0 | efficient means of communication between the pharmaceutical industry, the research industry, |
| 0:30.1 | and those professionals who are using new developments and end products on an ongoing daily basis. |
| 0:35.3 | If all global circle can't get you a survey to take within 90 days, they'll pay you a loyalty bonus |
| 0:40.5 | just for logging in and checking a couple of times per month. By signing up at whitecodeinvestor.com |
| 0:45.4 | slash global, you'll get an extra 50 bucks just for being a member of the WCI community. |
| 0:51.0 | All right, welcome back to the podcast. I've been looking forward to talking to you. |
| 0:54.8 | I spent the last two days in the ER and it was fun to care of a lot of great patients. |
| 1:00.0 | Usual hassles, one of the CT scanners was down, so we ended up being on divert for ambulances, |
| 1:05.6 | which in some ways is a bad thing. We see fewer patients and obviously bringing less revenue |
| 1:10.8 | when that happens. In some ways, it's a good thing. My partner let me go early and I got eight runs |
| 1:15.2 | in with my wife at Solitude yesterday. One of the great things living at the base of the Wasatch |
| 1:21.0 | is that I don't have to jump on a plane to go skiing. I don't even really have to drive very |
| 1:24.7 | far to go skiing. If I can work a day shift and still get eight runs in, that's an awfully |
| 1:30.6 | cool thing to be able to do. So, love living here in the Wasatch. We are having a blockbuster |
| 1:36.8 | snow year. I think it's actually the record. I don't think in recorded history we've ever had |
| 1:40.9 | more snow in Utah, which is fantastic because we have been in a multi-year drought. |
| 1:47.2 | My favorite lake, Lake Powell's down like 180 feet. It's like 22 percent full. This reservoir |
... |
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