The Providential Entrepreneur with Chad Arnold

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Are you thinking about diving into the entrepreneurial world? What type of business do you have in mind? Instead of starting a business from scratch, buying an existing business might be a good idea. The franchising model is something you can explore. With the abundance of people who love good coffee and the inviting atmosphere of cafes, it’s no wonder that coffee shop franchise opportunities are catching the attention of aspiring entrepreneurs.

Today, Russ and Joey talk to community member Chad Arnold about his journey into franchising Summer Moon Coffee. As you listen to this episode, you’ll gain the knowledge to decide whether investing in a coffee franchise aligns with your dreams and family goals.

Top 3 Things You’ll Learn:
- How to take action when the opportunity presents itself
- Trusting God with every major decision in your life
- The importance of having a supportive spouse and community as you enter a new venture

About Our Guest:
Chad met his wife Tori at Southwestern Christian University, and they started a life together in Oklahoma. They had nothing to do with the coffee industry until an opportunity presented itself. Chad's commercial development in Yukon had a coffee shop allocation open for Starbucks, but the deal didn't push through. With Starbucks backing out, Chad called Summer Moon after hearing about it from a family member. And that was the beginning of their entrepreneurial journey.

Connect with Chad Arnold:
Instagram - https://www.instagram.com/chadharnold/

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00:00 - Intro
03:43 - Can you take us back to that moment that happened a couple of years ago? What were the emotions like, and how did the rest of the day turn out?
05:50 - Did you come out of an entrepreneurial family? Did you know it can be rough, but you will succeed because you've seen this model many times before?
06:44 - What was your work history up to that point?
07:37 - How did you stumble upon this, and what early steps confirmed that you guys were making the right decision?
11:26 - What does that do to your marriage and you as a man hearing your wife say, “Let's do it!”?
14:13 - What were some of the early things you had to do and boxes you had to check off to move forward?
16:08 - What due diligence did you have to do? What steps did you take to know it was a good fit for you guys?
19:02 - What other franchisees were you talking to?
19:38 - What was your vision of what this could become in terms of the financial side?
21:21 - What sort of time was your wife putting into the business? What sort of time were you putting in it?
22:48 - Were there any financial discussions you talked about, like the profit models and the profit margin in this business?
24:09 - Can you talk about scaling and adding stores to the franchise? What are you committing to?
26:08 - Was it the franchise model that made hiring people easy, or was it something you learned on your own? What did you learn from that process?
27:53 - What are some of those things you guys are doing right that others have failed in?
29:31 - What would be one of those main benefits you enjoy as a franchisee compared to starting a business from scratch?
31:17 - What was it that brought you into the community?
32:31 - What is the right next thing that you and Tori are working on right now?

🎧 Listen Now to the full episode here 👉
https://www.wealthwithoutwallstreet.com/podcast/the-providential-entrepreneur-with-chad-arnold

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