E#41: In this episode of Budget Your Business, Scott dives into the financial and strategic considerations of expanding through franchising with guest Gus Iurillo. They explore how business owners can leverage franchising to scale their operations or add complementary services under separate entities — without jeopardizing profitability or paying unnecessary royalties. Gus breaks down the key factors in choosing the right franchise, aligning role fit and work-life balance, managing cash flow expectations, and structuring the finances between a franchise and an independent business. The conversation also covers the advantages of franchising for predictability, support, and scalability versus starting from scratch.
Book Recommendation: Give and Take by Adam Grant
Find out more about Gus Iurillo: https://www.linkedin.com/in/gusiurillo/
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