Starting from the very basics, James peppers Jason with the critical few questions necessary to understanding how franchises operate, which types of business are suited to part-time operators, and what kind of financial returns a franchisee might expect based on their business.
Additional Topics Include:
• Jason: "What is the minimum amount of me a job requires so that I can figure out how to expand myself in other directions?" (03:28)
• James: "You only learn something by doing that something" (04:55)
• James: "80% of the learning is doing what you have to do"
• Jason: "It is only to your benefit that people do things outside of what you're asking them to do." (07:36)
• Entrepreneur's evolution from within the franchise space to brand independence (09:49)
• How do you build wealth from a franchise? (27:38)
• Franchise Disclosure Documents (34:32)
• Franchise fees and revenue shares (39:14)
• What type of profit can a franchisee expect (42:57)
• What franchising success stories has Jason seen (47:25)
• Has Jason ever considered franchising? (52:41)
Editor’s note: Topic times don’t account for sponsor ads and may appear a few minutes later in the episode on your podcast player)
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• My new book, Skip the Line (https://www.amazon.com/Skip-Line-Experiments-Surprising-Reaching/dp/0062998927) , is out! Make sure you get a copy wherever books are sold!
• Join the You Should Run for President 2.0 (https://www.facebook.com/groups/president2.0) Facebook Group, where we discuss why you should run for President.
• I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com (https://jamesaltuchershow.com/)
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Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts:
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