Why Franchising is Like Bumper Bowling | Why 9 Out of 10 Franchisees Succeed and Why 96% of Small Business Owners Fail

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneur, Thrivetime, Businessschool, Smallbusiness, Entrepreneurship

4.8 • 1.5K Ratings

🗓️ 25 March 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Kline the OXI Fresh Franchise Brand Developer joins us to share why the turn-key step-by-step proven systems that successful franchises provide lead to 9 out of 10 franchises succeeding + how to practically fund your business.

Transcript

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0:00.0	All right, Thrive Nation on today's edition of The Thrive Time Show.
0:03.7	We're talking about why franchising is like bumper bowling.
0:06.9	You almost can't lose.
0:08.4	Aaron Antis, how often?
0:10.2	I mean, you run Shaw Homes.com,
0:12.2	Oklahoma's largest home builder.
0:14.5	How often do you see home builders start the home building business
0:19.0	and then go into bankruptcy?
0:20.6	How often do you see competitors fail?
0:23.0	Well, in the last 13 years,
0:24.7	we have purchased three of those companies and it's regular.
0:28.7	96% of businesses fail within 10 years according to Ink Magazine.
0:32.3	And on today's show, we're going to teach you why franchising is like bumper bowling.
0:35.8	You almost can't lose.
0:58.7	Yes, yes, yes, and yes.
1:21.1	Josh Wilson, how are you, sir?
1:23.0	I am well, Mr. Clark.
1:24.3	How are you?
1:25.6	Well, I'm excited to talk about today franchising and why when you buy a franchise,
1:31.3	it becomes significantly less easy to lose.
1:35.0	How it becomes harder to lose when you run a franchise.
1:38.1	But before I do that, I want to ask you some questions or questions and don't play the game with me, Josh.
	...

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