Podcasts Business Secure Your Retirement Should You Consider a Franchise as a Part of Your Retirement Plan?

Should You Consider a Franchise as a Part of Your Retirement Plan?

Published: July 24, 2023, 6 a.m.

In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Jon Ostenson about the benefits of starting a franchise as part of your retirement plan. Jon is a Certified Franchise Consultant, owner/investor, author, and international speaker specializing in non-food franchising. He discusses the misunderstandings and lack of knowledge he found around franchise opportunities outside of the fast-food industry.

Listen in to learn why franchising is a proven profitability pathway compared to starting a business, plus the financials around franchising cost and revenue. You will also learn how to run a franchise successfully, even with a corporate background and zero business experience.

In this episode, find out:

  • Jon shares his background and how he gained interest in franchising outside of fast food.
  • The money-making franchise opportunities that exist outside of the fast food industry.
  • Why franchising is a proven profitability pathway compared to starting a business.
  • Non-food franchising \u2013 businesses where lots of franchise interest lies.
  • How to run a franchise successfully even with a corporate background and zero business experience.
  • Jon explains the franchising process and how he matches clients with the best-fitting franchise.
  • Understanding the financials around franchising costs and the revenue margins.    
  • Think about franchising as a giving-back opportunity where you create jobs and mentor others.

Tweetable Quotes:

  • \u201cIn the market, there\u2019s a lot of misunderstandings and lack of knowledge around the franchise opportunities that exist, especially in industries people are sometimes interested in outside of fast food.\u201d- Jon Ostenson
  • \u201cFranchise business has been proven in other markets, so you\u2019re able to step into and as long as you execute and follow that playbook, you know there\u2019s a path to profitability.\u201d- Jon Ostenson

Get in Touch with Jon:


Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.