how to build your long-term wealth through a side...

www.execunet.com/HIREYOURSELF

How to Build Your

Long-Term Wealth

through a Side Business

Pete Gilfillan

Entrepreneur, Franchise Consultant,

International Bestselling Author of HIRE

YOURSELF and Happy Corporate Escapee

www.execunet.com/HIREYOURSELF 2

My Story


My MissionHelp corporate executives take control of their destiny, build wealth

and live life on their terms3


You are in the right place if you want to keep your executive position while also….

• Creating a supplemental income• Setting up career and income security• Building wealth• Planning the next phase your life/career

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Keep your corporate job while starting a semi-absentee franchise business


What is semi-absentee franchise ownership

Franchise ownership where you work “On” the business versus work “In” the business. You set the overall direction and make the key decisions while oversee a manager that manages the business

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Growing movement…..

to build wealth versus buying a job

the experience gained in the

corporate career

assets and income next phase of career / life

Investing in franchise Leveraging Diversify Setting-Up

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Motivations to keep full time corporate job and invest in semi-absentee franchise ownership

Defining the 8 D’s

DisenfranchisedFolks who are losing faith or interest in the company they work for

DrivenPeople who feel a strong desire to take more control of their professional fate

Self-DeterminedPeople who want to transition from employment to entrepreneurship

Desiring Supplemental IncomePeople who seek to create a secondary income stream

DiversifyingPeople looking for an investment that will become a significant asset over time

Designing a RetirementPeople who are looking for a way to build a cash-positive retirement—at any age

Drained(or you might call them Desperate)

People who feel their careers have become A) stagnant or B) insecure and need to do something about it.

Destined to Move OnThese are people who play roles that inevitably come to a natural end

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www.execunet.com/HIREYOURSELFConfidential and proprietary. For internal training purposes only. Not for external use.

What Candidates Are Saying…

My company wasacquired and my position

was eliminated

I am tired of working hard so the company receives all

financial benefits

I am looking to create career and income security

The corporate bureaucracy and politics are getting old

I want to keep my corporate income while diversifying my income and assets

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A new CEO was hired and he started to bring in his

own leadership team


Semi-Absentee Franchise Ownership…

What You learn about

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Time Commitments Required

Day and Life of Franchisee

Capital Requirements

Funding Sources

Investment Breakdown

Earning / Income

Traits of Successful Franchisee and Franchisor

Case Study Success Story

How to Find a Franchise Business


Working “ON” Business

Working “IN” Business


• Executive semi-absentee franchises will require a lot of time up front while setting up the business (maybe full time).

• Once established and an operating manager(s) has been trained, the owner can transition to the semi-absentee role.

How Much Time?

You can expect a minimum of 15 - 20

Hours a Week


In Semi-Absentee Franchise Ownership…

Important items to consider when investing

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Running a franchise business will be SIMPLERthan senior level executive roles but it requires a lot of HARD WORK.

You must be a good leader

You must be exceptional with time management

Not all semi-absentee franchise businesses are the same. Ensure that you do your due diligence!


Rather than spending your day doing the day-to-day work of the business, as a semi-absentee owner, you’ll spend your time focusing on bigger picture issues:

Nature of work?

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Staffing Tracking your numbers

Employee relations

Executive decisions

Marketing and planning oversight

www.execunet.com/HIREYOURSELFwww.execunet.com/HIREYOURSELF 14

Capital Requirements

$300,000+

Liquid Capital:

$100,000+

Cash

Stocks

Bonds

Equity in your home (HEL)

Retirement savings (ROBS)

Assets – Liability = NW

Net Worth:


FDD Item 7

Investment Breakdown

TYPE OF EXPENDITURE AMOUNT

initial Franchise Fee $50,000

Initial Training Program (Fees) 0

Travel and Living Expenses (Training) $1,000 - $3,000

Real Estate/Lease $10,000 - $20,000

Leasehold Improvements $20,000 - $60,000

Insurance $1,000

Equipment $70,000 - $90,000

Pre-Sale Start Up Package $7,000

Inventory Kit $10,000

Utilities Deposits $0 - $1,000

Licenses and Permits $0 - $3,000

Furniture and Fixtures $15,000

Computer System $1,000 - $2,000

Advertising and Marketing $12,000

Shipping $3,000 - $9,000

Installation $4,000

Additional Funds (3 Months) $10,000 - $20,000

TOTAL ESTIMATED INITIAL INVESTMENT $214,000 - $317,000

15All Numbers Provided Fictitious NOT For Investment Decisions


Net Worth Calculation

Sample Personal

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Cash/Savings $100,000

Stocks/Bonds/Certificates $150,000

Home Market Value $750,000

Retirement (401K) $800,000

Other Real Estate $200,000

Total Assets $2,000,000

Mortgage $400,000

Other Property Debt $100,000

Total Liabilities $500K

Total Net Worth $1,500,000

All Numbers Provided Fictitious NOT For Investment Decisions


Funding Resources

SBA Loans

Traditional Loans

Franchisor Financing

Home Equity Line (HEL)

Brokerage

Portfolio Line

Retirement Savings

(ROBS)

Outside Investors

Family and Friends


Leverage Financial Resources - For Multi-Unit Development

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Location 1

Cash

SBA Loan

Location 2

HEL

ROBS

Location 3

ROBS

Convent Loan

$300,000Total Invest

$210,000

$90,000


$210,000

$90,000


$210,000

$90,000



What you earnwith a franchise business depends on you…

Gross Revenue

Net Profits

Net Profit Margin

Total Investment

Annual ROI 30%

18%

$500,000

$90,000

$300,000



Leveraging The Semi-Absentee Executive Model Corporate Executive Salary Franchise Profits and Asset Value

Year 1 $200,000 SalaryUNIT 1

$0 Salary


$50,000

UNIT 2:

$0


$100,000

UNIT 2

$50,000

UNIT 3

$0


$125,000

UNIT 2

$75,000

UNIT 3

$50,000

Year 5 and on $240,000 SalaryUNIT 1

$125,000

UNIT 2

$100,000

UNIT 3

$125,000

5-Year Asset

Check:$0 asset value of job

$1,000,000+

Potential Asset Value of 3 Franchise Units

20All Numbers Provided Fictitious NOT for investment decisions


Beyond 1st unitReceive Franchise Fee Discount

Protect area/timeSet-Up Growth Insurance

ReplaceScale To Replace Corporate Income

MultipleBuild Sellable Asset

Corporate ExperienceLeverage Strong Business Acumen

SupplementalCreate Excellent Supplemental Income

LeaderBuild, Lead, and Mentor Team

FreedomLive Life On Your Terms

8 Reasons To Consider Multi-Unit Franchise Development

Multi-Unit Ownership….Bridge To Escape Corporate World

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Traits of Successful Semi-Absentee Owners

Executive Model Franchising is not for everyone. The strengths you need to be successful at it are a little more nuanced than those for a single unit investment.

People SkillsHIREMANAGELEAD

Outstanding Time Management

Sufficient Assets

Patience and Persistence


Things To Consider When Investigating Franchisor?

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1Experience of leadership team

2Launch support and training

3Franchisee satisfaction

5Image and reputation

6Size of franchise system

7Up coming concept or established

8 Culture/Feel

9 Marketing model

10 On-going support

11Level assistance with site selection and build out

12Financial strength of franchise company

4Franchisee financial performance


Case StudyKeith Evans is Managing DirectorOperations and Technology, for McDonnell Investment Management.

Prior to joining McDonnell, he was Chief Information Officer (CIO) and EVP, Operations Support for SP Plus Corporation, providing services in parking, transportation, facility management and event logistics.

Mr. Evans also has a variety of experience in the financial and strategic areas, working both within industry and in various consulting companies.

An Oklahoma native, Mr. Evans holds a B.A. in Quantitative Economics from Stanford University and an M.B.A. from the Kellogg Graduate School of Management at Northwestern University. Mr. Evans invested in his first franchise in September of 2016.

Listen To Keith Success Story https://youtu.be/mK4BZPdfgYE

Keith’s story can be found here

https://youtu.be/mK4BZPdfgYE


Control Your Destiny, Build Wealth and Live Life On Your Terms

And here’s the rest of my story


Old Definition New DefinitionBeing engaged with

purpose and creating an income while living life

on own terms

The action or fact of leaving one's job and

ceasing to work.

RETIREMENT


100% x 1 = IncomeYou x Job = Income

You have a job

TIME = $No Leverage

You Own A Job

TIME = $No Leverage

1% x 100 IncomeYou x People = Income

You own a system & network people works for you

Network People = Time = $Passive Income

Money Works for You

$$$ = $$$$Money works for you

Do you work for money - Or make your money work for you

27

E

S

B

I

Source: Rich dad Poor dad

http://highschoolcoops.com/blog/index.php/2016/09/26/rich-dad-poor-dad-4-quadrants/


Finding A Franchise That Fits You

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Utilize franchise inquiry websites

Example: www.franchisegator.com

Contact franchise companies directly

Example: www.supercuts.com

Leverage franchise consultant (free service)

Example: HIREYOURSELF.com/execunetoffer

Good

Better

Best

http://www.franchisegator.com/


HIRE YOURSELF Investigation Process

CompleteQuestionnaire

Conduct Consultation Call

and Create Model (summary)

Screen Franchise Concepts

–Match Model

Characteristics

Introduction To Franchise Companies and start

investigations

Provide weekly education and

coaching

Provide Resources

Support Decision Making Process


WANT TO LEARN MORE?PLUS Great Resources

REQUEST CONSULTATION CALL

Request a free quick consultation call

Receive a free copy of my Amazon bestselling book HIRE YOURSELF and the HIRE YOURSELF Supplemental Resource Guide

Gain full access to the HIRE YOURSELF BOOK RESOURCE CENTERwww.hireyourselfbook.com

Request Quick Consultation Call Go toHIREYOURSELF.com/execunetoffer

Receive a free copy of the HIRE YOURSELF Franchise Investment Guide

http://www.winningfranchisesolutions.com/execunet2

Questions and Answers

Franchise Consultant

Phone: 855 904-7900

Email: [email protected]

Request Consultation: www.HIREYOURSELF.com/execunetoffer

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