Unlocking the Turnkey Success Formula with Liz Leonard

Artificial Intelligence Podcast: ChatGPT, Claude, Midjourney and all other AI Tools

Welcome to the Serve No Master Podcast! This podcast is aimed at helping you find ways to create new revenue streams or make money online without dealing with an underpaid or underappreciated job. Our host is best-selling author, Jonathan Green.

Today's guest is Liz Leonard is a successful business owner and entrepreneur. She has experience in running an independent business in the childcare industry, facing the challenges of opening during a recession. Liz and her husband sought guidance from experienced franchise owners, who provided them with valuable knowledge and tools for success. This endorsement boosted Liz's confidence and led to the growth and eventual sale of their business. Afterward, Liz and her husband purchased a self storage business before delving into franchising. They bought a kitchen tune-up franchise, with Liz wanting a business that required no employees. Through her journey, Liz discovered the importance of seeking expert help and guidance in the world of franchises.

In this episode Liz Leonard discusses her insights on the potential benefits and pitfalls of starting a business. We'll explore the misconceptions that many entrepreneurs have, the challenges of running and managing a team, and the importance of having a solid plan and support system. Liz will also delve into the world of franchising and provide valuable tips on how to choose the right franchise and mitigate risks.
Notable Quotes

- "Franchise Advising: 'Stability and track record are the two biggest things." - [Liz Leonard]

- "We don't ever wanna look at investments that are outside of what they can't afford."- [Liz Leonard]

- "You wanna make sure you really do your homework and they're a heavily regulated industry through the Federal Trade Commission and there's a lot to know, which is overwhelming for a lot of people."- [Liz Leonard]

- "It could be the greatest decision you ever make, or could ruin your life." - [Jonathan Green]

- "Sometimes I think that we look down on these jobs, and I don't know why. Right? There's a lot of things that, like, I don't know how to do, and I'm glad people do." - [Jonathan Green]

Connect with Liz Leonard

• https://lizleonardfranchiseadvisor.com/volume-7
• https://www.yourfranchisefastpass.com/your-franchise-fast-pass/

Connect with Jonathan Green

• The Bestseller: ChatGPT Profits
• Free Gift: The Master Prompt for ChatGPT
• Free Book on Amazon: Fire Your Boss
• Podcast Website: https://artificialintelligencepod.com/
• Subscribe, Rate, and Review: https://artificialintelligencepod.com/itunes
• Video Episodes: https://www.youtube.com/@ArtificialIntelligencePodcast

Chapters

1. Introduction (00:00:00)

2. Franchise consulting helped navigate business ownership. (00:02:08)

3. Importance of due diligence in franchising. (00:06:34)

4. Working with experts can help avoid mistakes. (00:10:04)

5. Growing at a consistent pace is key. Be cautious of expanding too quickly. Consider low-risk service-based brands. (00:15:28)

6. Restaurants are risky; consider alternative models. (00:18:41)

7. Franchising can lower risk and offer opportunities. (00:24:17)

8. Plumbing: a lucrative and misunderstood profession. (00:29:58)

9. Franchising offers opportunities for career transition. (00:32:13)