Franchise Secrets: From Banker to $25M Biz Owner! w/ Patrick Elsner

Real Estate Investing with the REI Mastermind Network

Apr 1 2024 โ€ข 29 mins

๐Ÿš€ Dive into the world of Franchise Secrets with our latest episode featuring Patrick Elsner, a former banker turned business mogul with a $25M empire! From starting in advertising to becoming a franchise consultant, Patrick shares invaluable insights on transitioning from a W2 job to owning a successful business through franchising. ๐ŸŒŸ

In this episode, you'll learn:

- The accidental journey from advertising to franchising

- The benefits of franchise ownership vs. starting from scratch

- Trending industries in franchising & secrets to success

- Real-life success stories from franchise owners

- Navigating the franchise world: Tips, strategies, and common mistakes

Connect with Patrick Elsner! Get an inside look at his journey and strategies by going to GranInside.com/Mastermind.


๐Ÿ”‘ Real estate investing enthusiasts, this episode is packed with actionable insights to fuel your investment journey. Whether you're looking to diversify your investment portfolio, explore strategic renovations, or build generational wealth, Patrick's story is a testament to the power of smart franchising in achieving financial freedom.


๐ŸŽง Subscribe to the REI Mastermind Network podcast for more episodes on real estate investment strategies, success stories, and tips from industry experts. https://reimastermind.net/


SUPPORT THE SHOW! Love what you're learning? Show your support by liking, sharing, and reviewing this episode. Every bit helps in spreading valuable knowledge to more real estate investors. https://realdealcrm.com/


๐Ÿ“ˆ Join the Community: Engage with fellow investors, share your success stories, and learn together. Real estate investing is not just about transactionsโ€”it's about building a community and creating generational wealth.


๐ŸŒŸ "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer


Ready to take your real estate investing to the next level? Don't miss out on exclusive deals and resources to boost your journey. Subscribe, like, share, and leave a review to support the podcast and get connected with the REI Mastermind Network. Let's build wealth together! https://twitter.com/rei_mastermind


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CHAPTERS:

0:00 - Intro

0:39 - Patrick Elsner Franchise Journey

1:56 - Franchise Ownership Advantages

3:02 - Top Franchise Industries 2023

5:52 - Patrick's Franchise Selection Guidance

9:08 - Pre-Start Franchise Market Research

12:07 - Franchise Investment Mistakes

13:14 - Franchise Background Importance

14:58 - Client Support in Franchising

15:52 - Franchise Success Case Studies

17:14 - Transition to Business Ownership

18:37 - Internet's Impact on Franchising

19:45 - Franchisor Relationship Management

20:40 - Franchise Exit Strategies

21:24 - Emerging Franchise Niches

22:25 - Creating Your Own Franchise

23:19 - Pre-Franchise Considerations

24:40 - Connect with Patrick Elsner

24:56 - Common Business Owner Misconceptions

25:21 - Recommended Franchising Book

25:54 - Essential Franchising Tool

26:14 - Advice to Younger Self on Franchising

26:51 - Franchising Success Strategy

27:48 - Passive Franchise Investment

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