Is it Possible for a Franchise to Be Passive? with Kim Daly

Franchising is an excellent option if you want to become a business owner without starting from scratch. With franchising, you’re acquiring a business with existing systems and money-making processes. But it is not an entirely passive investment. So how much time and effort should you dedicate to a franchise? In today’s episode with franchise expert Kim Daly, you will learn some exciting things about franchising and how you can participate in this business model in one of these capacities: Owner-Operator, Semi-Absentee Owner, or Passive Investor.

Kim is one of America’s Top Franchise Consultants and the Founder and Host of KimDaly.tv. She is also a motivational speaker and international best-selling co-author of Franchising Freedom. Kim is the creator of “The Daly Plan,” a millionaire mindset coaching program that enabled her to build the largest franchise consulting business in the history of franchise consulting in 2012. For the past 20 years, she has been helping people realize their dreams of business ownership through franchising.

Top 3 Things You’ll Learn:

The difference between entrepreneurship and franchising
The three types of investors and how they invest in a franchise
The criteria you should look for when choosing a franchise

About Our Guest:

Kim Daly is one of America’s Top Franchise Consultants and the Founder and Host of KimDaly.tv. She is also a motivational speaker and international best-selling co-author of Franchising Freedom. For the past 20 years, Kim has been helping people realize their dreams of business ownership through franchising, and while helping others achieve their dreams, she has been fulfilling her own. So that's definitely a win-win situation.

Before becoming a franchise consultant, Kim used to be an entrepreneur and highly sought-after consultant in the health and fitness industry, working with brands such as Denise Austin, Dr.Denis Waitley, Gold’s Gym, and eDiets.com. She is the creator of “The Daly Plan,” a millionaire mindset coaching program that enabled her to build the largest franchise consulting business in the history of franchise consulting in 2012. Kim is a mom of two teenage boys, and she’s living a good life in her beach home in New Hampshire.

Connect with Kim:
The Daly Coach YouTube Channel - kimdaly.tv

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4:42 - How did Kim get interested in franchising?
7:01 - How do you define the line between entrepreneurship and franchising?
11:18 - What are the possibilities in franchising for different types of investors?
15:15 - Is it possible for a franchise to be passive?
19:36 - Which type of industry should I avoid if I want to invest in a franchise? Which ones should I pick?
24:54 - What are some examples of an ideal franchise?
28:20 - How has COVID affected the world of franchising?

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