Kim Daly | Franchising: Is it Right for You? Discover the Key Traits of Successful Franchisees

About the Guest(s):

Kim Daly is an experienced professional within the franchising industry, recognized for her expertise in guiding individuals through the intricacies of franchise ownership. With two decades of experience under her belt, Kim has been instrumental in the establishment of nearly a thousand business owners across the United States, marking her as an influential figure in the sector. She's known not only for her knack in franchising but also for her passion for entrepreneurship which began at the tender age of 25. As a celebrated author and the creator of a YouTube channel and podcast, Kim's influence overflows from the franchising world into media, where she continues to inspire and educate aspiring business owners.

Episode Summary:

In this intriguing episode, we delve into the world of franchising with Kim Daly, a seasoned professional who dismantles the common misconceptions and uncovers the strategic elements that dictate success and failure in the franchise industry. The conversation navigates through Kim's career trajectory, highlighting her transition from corporate America to becoming a pioneer in her field. Daly enlightens listeners by sharing powerful anecdotes from her extensive career in franchising, emphasizing the importance of leadership, alignment of goals, and proper expectation setting for potential franchise owners. Gravitating towards the notion of mindset and personal growth, Kim Daly unveils the pivotal role these factors play in achieving franchising success.

Resources:

• Kim Daly LinkedIn: https://www.linkedin.com/in/dalykim/
• Website: The Daly Coach (thedalycoach.com)
• Career Transition Summit: https://event.webinarjam.com/register/67/04404igv 
• LinkedIn e-book: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://online.flippingbook.com/view/714118097/⁠⁠⁠⁠⁠⁠⁠  ⁠⁠⁠⁠⁠⁠⁠
• Subscribe: ⁠⁠⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/who-ya-know-show ⁠⁠⁠⁠⁠⁠⁠⁠
• Trevor Houston is a licensed financial professional offering insurance/financial products through various carriers. For more info visit ⁠⁠⁠⁠⁠⁠⁠⁠http://cpwstrategies.com 

Chapters:

(0:01:02) Kim's journey and how she got started in helping people in franchising.

(0:03:25) Story of a candidate who missed red flags and failed in franchising.

(0:07:46) Who franchising is not a good fit for?

(0:10:25) The importance of aligning goals and expectations before investing in a franchise.

(0:12:45) Established businesses like McDonald's come at a premium.

(0:14:28) Franchising offers more than just food options.

(0:15:32) The key characteristics of successful franchises.

(0:18:15) A success story of a depressed individual who became a top performer in a franchise.

(0:26:20) Starting a business from scratch.

(0:31:26) Franchising is not an easy way out and can be appealing to former entrepreneurs.

(0:35:07) Kim discusses her streamlined process for helping people make decisions about franchising.

(0:36:23) Why franchises typically do well during economic downturns.

(0:38:29) A franchise that successfully adapted during the pandemic by offering virtual classes.

(0:43:18) The importance of being a role model for children. 

(0:46:28) Being tired of mediocrity and deciding to figure out how to succeed.

(0:47:23) Kim sets a high income goal and surpasses it by 350%.

(0:49:44) The importance of taking accountability.

(0:51:36) The concept of the daily plan and living in the present moment.

(0:57:16) Kim discusses the difference between being busy and being productive.

(0:59:12) Kim explains how an attitude of abundance can positively impact all areas of life.

(0:59:29) Positive momentum and energy create a snowball effect.

(1:00:00) Handling bad days and setting intentions.

(1:00:31) Recognizing the need for rest and self-care.

(1:03:32) Giving oneself permission to rest and recharge.

(1:06:29) Ways to connect with Kim and her coaching content.