What are the hidden fees in franchising that can destroy your profits? In this essential interview, Tom Rutledge, co-owner of the hospitality group RDMS Group, reveals the contractual traps that many new franchisees fall into. He explains how you can be locked into expensive, closed-circuit purchasing contracts and how your marketing dollars can be spent on campaigns that will never benefit your location. This is a masterclass on the importance of due diligence and why, for many, buying a franchise is just buying a very demanding job. Check out the company: https://rdmsgroup.com

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🕒 CHAPTERS

00:00 - From Big Finance to The Trenches of Small Business

03:26 - The #1 Reason People Buy a Franchise (And Why It's a Myth)

06:57 - The #1 Reason Most Founders Fail

10:11 - Why You Must Learn to Speak Accounting

13:36 - The Contractual Traps That Will Drain Your Profits

16:57 - The Hidden Fees That Make Your Franchise Unprofitable

23:29 - The Misconception That Franchises Are Passive Income

26:40 - How We Use Our Accounting Firm to Grow Our Other Businesses

30:00 - The Secret to Building Real Relationships

33:08 - Why Being "Busy" Is Not the Same as Being Successful

36:06 - The Most Important Thing I've Ever Learned

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