Libsyn Directory

How to Succeed At Buying a Franchise with Josh DuBois

Release Date: 08/27/2024

How To Succeed at Shifting Your Sales Performance Into High Gear

How to Succeed Podcast

Podcast Summary Jennifer Cobb, the trailblazing NASCAR driver and entrepreneur, takes the wheel in our latest episode to share her extraordinary journey through the fast lanes of racing and business. Join us as Jennifer recounts her impressive achievements, like her standout sixth-place finish at Daytona, and navigates the challenges of a male-dominated sport without the cushion of major financial sponsorships. She opens up about the pivotal role her family, particularly her late mother, had in her career, and how she managed to balance racing with life's practicalities, such as securing...

How To Succeed at the Cure For Stupidity: Understanding the Brain Science of Change, Communication, and Human Behavior

How to Succeed Podcast

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How to Succeed Podcast

Renowned speaker and author Krish Dhanam shares his compelling journey from a Zig Ziglar seminar to transforming his career in sales. Experience firsthand the enlightening stories and personal anecdotes that reveal how stepping out of comfort zones can shape the mindset of the top 3% who thrive in the effective zone. Krish’s insights into mindset shifts and embracing change illuminate the path to achieving sales success and overcoming any obstacles in your way. Uncover the secrets to effective leadership and consistent success as we discuss the importance of consistent daily actions over...

How To Succeed at Creating Engagement with Corporate Events

How to Succeed Podcast

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How to Succeed Podcast

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How To Succeed at Empowering Leaders Through Personal Aspirations with Phil Putnam

How to Succeed Podcast

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How To Succeed at Front-Line Sales Management with Michael Norton

How to Succeed Podcast

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How To Succeed at the Karpman's Triangle with Danny Wood

How to Succeed Podcast

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How to Succeed Podcast

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How to Succeed Podcast

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More Episodes

In this episode, we discuss buying a franchise with Josh Dubois. Most people consider business ownership to replace income or build generational wealth. Franchising fast-tracks starting a business by providing systems and resources. Josh recommends exploring options over 1-2 months without pressure to decide. He outlines the process of researching franchises, speaking with owners, reviewing financials, and managing expectations. We emphasize having a strong "why" and taking extreme ownership as a franchisee. Success requires being known in the community, following the playbook, and having a positive attitude.

Josh's father transitioned from long hours in the restaurant industry to owning a dry cleaning franchise, which allowed him to attend Josh's games and eventually become a CEO. This lifestyle change inspired Josh to pursue business ownership before becoming a franchise broker to help others without promoting any specific franchise. He lives by "conquer the mind" – being conscious and positive to manifest goals.

Timestamps:

02:05 Why pick franchising over starting your own business?

04:58 Lifestyle and legacy in franchising

10:14 Lifestyle freedom in franchising

12:09 The buying process and common mistakes

17:08 Getting started and being successful

19:41 Managing expectations between franchisor and franchisee

21:22 Taking extreme ownership

23:23 Tips, tricks, and hacks for buying a franchise

25:00 You don't need to decide today

Key Takeaways: