This is an LFI episode and LFI is now part of PassivePockets.
Join us in this episode of Passive Investing from Left Field as we sit down with franchise expert Kim Daly. Kim shares her incredible journey from answering a classified ad to becoming one of the top franchise consultants in the industry. Discover how franchising can be a powerful tool for building wealth and achieving financial freedom. Whether you’re a seasoned investor or just starting out, Kim’s insights on selecting the right franchise and managing it effectively are invaluable. Tune in and learn how to make franchising work for you!
About Kim Daly
For more than 20 years, Kim Daly has been helping people realize their dreams of business ownership through franchising all the while living her own dreams through her franchise. Today, she is recognized as one of
America’s top franchise consultants having created nearly 1000 franchise owners. She is an international best-selling co-author of Franchising Freedom and the founder and host of KimDaly.tv and Create Wealth through Franchising Podcast. Kim created the “The Daly Plan” – a millionaire mindset coaching program that she used herself to build the largest franchise consulting business in the history of franchise consulting in 2012. She is a mom of two teenage boys. She is passionate about fitness and nutrition. She loves to workout and ski, and she lives on the beach in southern New Hampshire.
Key Points From The Episode:
• Journey into Franchising: Kim Daly discusses her unexpected path to becoming a franchise consultant and the challenges she faced along the way.
• Franchise Selection: Tips on how to choose the right franchise based on personal interests, skills, and financial goals.
• Economic Resilience: How franchises can thrive in both booming and tight economies by adapting to market needs.
• Investment and Exit Strategies: Exploring funding options for franchises and the importance of planning for eventual exits to maximize returns.
Timestamps:
02:04 Her journey to franchising
03:11 How has franchising changed over the last 20 years
04:41 A “want based” business
06:45 Why do LPs like franchising?
09:56 Typical rate of failure with franchises
13:06 Common characteristics of a successful franchise
14:23 How to vet a franchise?
20:38 Deciding on an industry to franchise
24:56 Passive franchise opportunities
28:30 new franchise opportunities
32:19 Do the interest rates affect franchises?
36:20 What is the exit of a franchise?
41:24 Podcast Recommendation
42:44 Contact Kim
Podcast Recommendations:
Money Ripples Podcast
Wealth without Wall Street
Mind Valley App
Resources Mentioned:
Contact the guest:
LinkedIn
Instagram
Kim’s Podcast
Advertising Partners: