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I don’t care that I’ll never be on the cover of Fortune Magazine or that "Beers Tire & Auto" will never exist. I’m okay with that. Everyone has great ideas. But there’s no money in great ideas. 100% of the money is in the execution of ideas. I don’t waste time on trying to innovate or invent. I focus 100% my energy on execution. Just show me how to make money and I’ll do it. I don’t care about cars, paint, or turf. This is why franchising is perfect for me. I don’t want to reinvent the wheel....
I don’t care how much my business is worth. In my mind, it’s "worthless" until the day we sell. My focus is on monthly cash flow. Cash flow is what I use to pay my mortgage, provide for my family, go on vacation, and live life on my terms. It’s what I use to invest in expanding our footprint and pile into index funds. Some people chase after zero-cash-flow, high-equity plays. Software that could go to the moon. The next Bitcoin project. Those businesses generate zero cash flow, hoping to...
Most franchise owners think they’re building a business. They’re actually building a job with more stress and longer hours. The difference? Your ability to find and develop leaders vs. hire followers. Here’s what I mean: When you hire followers, you get people who: Wait for instructions Escalate every decision to you Clock in and clock out mentally View the business as “yours,” not “ours” When you develop leaders, you get people who: Solve problems before they reach you Make decisions within...