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1 year ago

In this video I want to talk to you about how you can get funding even as a starting entrepreneur.
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In this episode of Fuel Your Drive, Josh York shares his expertise on how entrepreneurs can secure finance and funding for franchising. Josh provides valuable insights into the important fundamentals of seeking, engaging, and attracting investors. He also shares practical tips for building an effective business plan to inspire confidence in potential investors. Josh has a lot of experience in franchising; take a glimpse at the award-winning GYMGUYZ franchise, so he knows what it takes. Join us for this enlightening and motivational discussion as Josh reveals his tried and true methods for attracting investors and building a successful franchise.

In This Episode:
- The different types of funding available for startups, angel investors, venture capital, crowdfunding, and government grants.
- The importance of building a strong network when seeking funds
- Tips for maintaining a healthy cash flow and managing finances effectively.

TIMESTAMP
0:02 - Introduction to the podcast
0:06 - Focus on franchising and funding
0:28 - 1. SBA (Small Business Administration)
0:53 - 2. Traditional bank loans
1:10 - 3. Personal savings & investments
1:33 - 4. Crowdfunding platforms
1:43 - 5. Venture capital & private equity
1:54 - 6. Retirement funds
2:17 - Starting with family and friends
2:37 - Importance of consistency and passion
2:59 - Business plans vs. action
3:25 - Daily repetition and progress
3:47 - Closing remarks
3:56 - Outro
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WHO IS JOSH YORK?
Josh York is an American entrepreneur and the founder & CEO of GYMGUYZ, a fast growing, fitness franchise. GYMGUYZ is #1 in Home Personal Training, providing convenient, customized and creative workouts at a setting that works best for each client. Headquartered in Plainview, New York, GYMGUYZ operates over 250 franchised locations in 30 states and 3 countries. In 2008, York started GYMGUYZ in the dining room of his parent’s home with a laptop, and a vision. The demand for in Home Personal Training was growing, and so was GYMGUYZ. In 2014, York received approval to franchise the GYMGUYZ brand , with the first franchise opening that year in Westchester County, NY and the first international location opened in Canada in 2017. York has said his vision is his guarantee and often can be heard saying “In 15 years we will be the largest fitness brand in the world. The chance of that not happening, you will have a better probability of seeing elephants fly”!
York lives on Long Island with his wife Stacy and two young sons and enjoys spending his free time with his family, playing ice hockey or working out. York is the author of the bestselling book, FUEL, WHAT IT TAKES TO SURVIVE AS AN ENTREPRENEUR, selling 8000 copies in 2 months.
York is a true entrepreneur driven by passion, no stranger to risk, and a leader who knows the value of building a strong culture with a commitment to being the best.
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