In this episode, April Porter interviews Michael Reeder, a CPA specializing in franchisee accounting and tax strategy. They discuss the unique challenges faced by franchisees, the importance of professional guidance in navigating the franchise journey, and the critical differences between cash flow and profitability for new business owners. Michael emphasizes the need for franchisees to understand their financial metrics and the value of consulting with professionals before signing franchise agreements. The conversation also touches on the misconceptions surrounding semi-passive ownership and the necessity of building a strong support network for long-term success.

Chapters

00:00 Introduction to Franchise Accounting and Consulting

03:58 Understanding the Franchise Journey

11:37 The Importance of CPA Consultation

17:25 Navigating the Risks of Franchise Ownership

23:30 The Role of Professional Advisors in Success

27:24 Final Thoughts on Franchise Success

Links

To book a consultation, email Reeder CPA Group at [email protected]

Reeder CPA Group Website: https://reedercpagroup.com/

Connect with Michael directly on LinkedIn: https://www.linkedin.com/in/michael-reeder/

Register for the next Franchise Growth Formula Workshop that April Porter hosts at https://assets.secretsos.com/franchisegrowthformula