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Manage your franchise finances with Tom Rutledge | WLTB Podcast #191
Manage episode 411734941 series 3376178
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Tom Rutledge is the Founder of RDMS, a consulting firm that focuses on restaurant operators.
In this interview, we talk about franchising, small businesses, how difficult restaurants can be to manage, and much more.
00:00 - Insights from a Hospitality Group Owner
03:26 - Franchising in Hospitality
06:57 - Small Business Accounting
10:11 - Building a Business Foundation
13:36 - Reality of Contractual Obligations
16:57 - Understanding Franchise Costs and Marketing Spend
20:05 - The Challenges of Operating a Franchise
23:29 - Restaurant Management Agreements
26:40 - Accounting as a Tool for Growth
30:00 - Building Relationships in Business
33:08 - Time Management and Accountability
36:06 - Maintaining Work-Life Balance
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