Veronica owns a franchise that is part of one of the largest franchise companies in the world. She started with a minimum wage job, but saw a path to success and took it. Her experience is a testament to hard work, determination, and perseverance. Tune in to hear more about her experiences as a true American success story in the franchising world.

 

Key Takeaways:

[:50] John introduces Veronica, an American success story.

[2:42] Veronica talks about where she grew up, and her beginnings.

[5:30] Veronica shares her career progression in the past seven years, from minimum wage employee to franchise operator.

[6:30] Today, Veronica is the proud owner of six franchises.

[6:54] Not all franchises cost the same — location, cash flow, and sales are some of the factors that determine how much a franchise costs.

[8:22] Lessons from Veronica's experience: 1) Adapt previous skills to suit new industries, 2) Be a student of your business.

[9:15] How did Veronica hear about Financial Gravity?

[10:16] There's a certain point where you have to be not able to do everything.

[10:30] What's Veronica's partnership with her husband like?

[13:07] Veronica shares some insight about her cultural roots.

[14:43] What kind of impact would a $15 minimum wage have on Veronica's business, which relies largely on minimum wage workers?

[17:40] Financial Gravity has helped Veronica save on taxes, which has allowed her to grow her business, and give back more to the community.

[18:50] John shares an anecdote of Financial Gravity's success with Veronica's business.

[19:35] Veronica's tax savings have allowed her to fund four scholarships annually.

[20:35] Reinvestment into the business is all about the people, and building a better community.

[22:45] 3D food printing, and other technological developments, are some things the franchise world will have to adapt to in the future.

 

Mentioned in This Episode:

Financial Gravity

The Financial Gravity Podcast with John Pollock

Rocket Fuel: The One Essential Combination, by Gino Wickman and Mark C. Winters