Mastering the Art of Franchising: Harnessing Multiple Income Streams for a Seven-Figure Lifestyle with Jon Ostenson

Welcome to a truly enlightening episode where we delve into the world of franchising with the seasoned expert, Jon Ostenson. Discover how leveraging the power of franchising can pave the way to establishing multiple income streams, leading you towards the coveted seven-figure lifestyle. Jon, with his wealth of experience in franchising, presents a strategic, yet accessible roadmap to not only earning cash flow but also building businesses with exit potential. Understand how franchises typically trade at higher multiples, thereby offering higher returns. Additionally, Jon sheds light on tax strategies for business owners and how they can contribute to generational wealth creation. This is an episode packed with actionable insights that can transform your entrepreneurial journey. Whether you're just starting or looking to scale, tune in to gain valuable advice on navigating the franchising landscape.   Chapter Stamps:   0:00:00 - Introduction 0:00:27 - Jon Ostenson's Background & Introduction to Franchising 0:01:58 - The Role of a Franchise Consultant 0:03:53 - How Jon Matches Clients with Franchises 0:06:02 - The Advantage of Franchises Over Independent Startups 0:08:15 - Considerations in Evaluating Franchise Opportunities 0:10:37 - Is There a Perfect Time to Buy a Business? 0:12:59 - The Best Time to Plant a Tree Analogy 0:13:17 - Jon's Approach to Business Opportunities 0:13:48 - Jon's Personal Investment Examples: Concrete Paving and Customer Orthotics 0:15:18 - Funding a Franchise Investment 0:16:21 - Comparing Franchise Investments to Real Estate 0:17:22 - The Benefits of Long-term Thinking and the Franchise Trifecta 0:18:24 - Jon's Superpower: Ability to Adapt and Learn 0:19:03 - Conclusion and Thanks   Pullout Quotes:   "As a franchise consultant, we're paid like an executive recruiter is paid, it's free to the client...we're there to guide, direct, provide research."   "Franchising is a bit like a marriage, right? You're committing to a franchisor and vice versa, and you're saying, 'Hey, I'm going to be in this for five, 10, 15, 20 years.'"   "Franchise doesn't mean, I'm working 60 hours a week. It's up to the individual. It's just a way to start a business."   "The best time to plant a tree is yesterday, the second best time is today. So you'll be glad that you did in most cases."   "Franchises usually trade at a higher multiple than non-franchise in the same industry, and I've got study I can cite to show that."   "As a business owner, you're able to write off expenses that you couldn't otherwise."   "I think the ability to change and adapt... I'm trying to learn new things every day is my superpower."   "People oftentimes forget about, you're not just buying cashflow. You are building a business that's gonna have that potential to exit down the road."   "I'd say most of the placements we're doing, when you look at startup costs, franchise fee, working capital, you're somewhere in that one 50 to two 50 range."   "We like the idea of diversifying our portfolio. And so in some cases they want businesses that complement their current portfolio."   Socials:   Website: https://franbridgeconsulting.com/ Linkedin: https://www.linkedin.com/in/jonostenson/ Facebook: https://www.facebook.com/JonOstenson1/   ----more---- Notice to the Super Entrepreneurs community: I invite you to join my webinar on how to scale your business and improve the quality of your life, without constantly chasing strategies and feeling stuck. If you feel like you need to progress, this webinar might just give you the direction you may need. Free Webinar   ----more---- Disclaimer: Please be aware that the opinions and perspectives conveyed in this podcast are solely those of our guests and do not necessarily represent the views, ideologies, or principles of Super Entrepreneurs Podcast, its associated entities, or any organizations they represent or are affiliated with. We provide a platform for discussion and exploration, and the content of each episode is understood to be independent expressions from our guests, rather than a reflection of the beliefs held by the podcast or its hosts.