Kim Daly has spent the last 20 years helping people achieve financial freedom by enabling them to find the perfect franchise opportunities. Her skill for matching a client’s background, interests, skills, finances and life goals to the ideal opportunity has made her one of the top franchise consultants in the
country. Today, we are here to pick her brain and gain some insight into what can seem like a daunting process - deciding on the perfect franchise to enable you to gain financial freedom.
06:15 - I worked for three years for somebody, but I knew from day one that I wanted to be self-employed. So I was working inside a franchise company and I became like a very high paid salesperson very quickly, I figured out like, you know, relationship and you know, how to be you know, drive result because I was, again always into goals and, you know, discipline and self-motivation.
10:55 - Now, there's the book theory of running a business and then there's real world. The example I always give is, look, I can tell you what it's like to ride a bike, since you're a cyclist, right? I can tell you what you're going to do mechanically. But until you sit on a bike and feel what it feels like to balance a bike underneath you, you can't really understand what it feels like to ride a bike.
20:25 - I will first backup to say. If I stopped growing, how can I be one of America's top consultants? That's ridiculous. So yeah, I reached the pinnacle of what I do as a franchise consultant years ago, but my friends are like, no moss grows on your drink. So I'm gonna say I peaked at 40 and then I never dared take a chance or do anything different?! So no, what I did was, I wasn't able to then turn to mentors inside my industry. But I found mentors outside of my industry, I found people who were creating wealth, in ways different than what I was using, real estate syndication, using infinite banking policies, using storage, using real tangible assets, I found somebody that had personal net worth of $100 million.
30:00 - We all have the internal power to create that WHY for ourselves. That's what fuels every single thing. My WHY isn't money, my WHY is influence, my WHY is helping people I see. The satisfaction for me, isn't taking somebody from I have the dream to leave corporate America, or I have the dream to own a business. But I don't know how to make it come true and taking them through a one to two month process to where I'm happily marrying them off to their franchisor.
40:25 - In a lot of businesses, the franchisor doesn't want the investor to invest in the land up front, save your...