What are the hidden fees in franchising that can destroy your profits? In this essential interview, Tom Rutledge, co-owner of the hospitality group RDMS Group, reveals the contractual traps that many new franchisees fall into. He explains how you can be locked into expensive, closed-circuit purchasing contracts and how your marketing dollars can be spent on campaigns that will never benefit your location. This is a masterclass on the importance of due diligence and why, for many, buying a franchise is just buying a very demanding job. Check out the company: https://rdmsgroup.com
Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory
👀 CONNECT WITH SEAN
Subscribe: https://www.youtube.com/@seanweisbrot
LinkedIn: https://linkedin.com/in/seanweisbrot
Inquiries: welivetobuild@gmail.com
🕒 CHAPTERS
00:00 - From Big Finance to The Trenches of Small Business
03:26 - The #1 Reason People Buy a Franchise (And Why It's a Myth)
06:57 - The #1 Reason Most Founders Fail
10:11 - Why You Must Learn to Speak Accounting
13:36 - The Contractual Traps That Will Drain Your Profits
16:57 - The Hidden Fees That Make Your Franchise Unprofitable
23:29 - The Misconception That Franchises Are Passive Income
26:40 - How We Use Our Accounting Firm to Grow Our Other Businesses
30:00 - The Secret to Building Real Relationships
33:08 - Why Being "Busy" Is Not the Same as Being Successful
36:06 - The Most Important Thing I've Ever Learned
📈 WORK WITH ME
â–¶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory
â–¶ Sponsor the Channel: https://www.welivetobuild.com/collaborate
â–¶ My AI/Automation Agency: https://optimai.ai
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