Podcast 302: Common Pitfalls To Avoid When Selecting a Franchise with Scott Milas
Scotty has been an entrepreneur dating back to his teen years, where he started small businesses mowing lawns, raking leaves and shoveling snow. In his early twenties, he began a career with a major news organization as a cameraman for the White House Press Corp. Several years later, Scotty could not ignore the calling of his entrepreneurial spirit, and so left the news industry to pursue a career in business.
After 35+ years of experiences Scotty has been a significant contributor in various senior leadership positions. Scotty is a team player and recently utilized his expertise in development to help build a well-known national fast-casual concept. His tenure in franchising has landed him on leadership panels at several franchise conferences. Scotty has also earned his certification as a CFE, Certified Franchise Executive.
*DISCLAIMER – We are not giving any financial advice. Please DYOR*
(00:00 – 05:16) Opening Segment
– Scott is introduced as the guest Host
– Scott shares something interesting about himself
(05:16 – 33:54) Common Pitfalls To Avoid When Selecting a Franchise
– Scott shares how he gets started with a franchising business
– Scott shares if the franchising business is still good in the current environment
– He also shares why would someone look for while choosing a franchising
– Also he talks about what are some common pitfalls to avoid in selecting franchising
– Scott shares his biggest success story in franchising
– He shares his failures in the franchising business
(23:22 – 29:21) Fire Round
– Scott shares if she would change her investment strategy
– Scott also shares his favorite Finance, real estate book, or any related book
– Also Scott shares about the website and tools that they can recommend
– Scott’s advice to beginner investors
– Also shared how he gives back
(29:21 – 30:06) Closing Segment
-If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link.
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