EP 553 - What Every Kiwi Business Needs To Know About Franchising

Cam Ward is the CEO of New Zealand's largest gym franchise with 62 Anytime Fitness locations, but before you think franchising is your ticket to passive income, he's got some hard truths to share.Cam breaks down what it really takes to franchise: deep understanding of your numbers, multiple successful sites in different markets, and the financial capacity to invest heavily upfront before seeing returns. We cover why one successful site isn't enough, the responsibility you take on for franchisees' success, and why franchising is definitely not passive income.Master franchises live and die on franchisee success. You're not just selling your brand name, you're becoming the brand guardian, standard keeper, and support system for people who've invested their life savings.Most business owners think franchising means easy money. Cam explains why that thinking will destroy you and your franchisees.We cover site selection criteria, the skills needed to be a franchisor vs operator, and why you need to be laser-focused on franchisee success. Plus the financial investment required and why many businesses simply aren't ready to franchise.Don't franchise until you understand what you're really signing up for. More information on Anytime Fitness: https://www.anytimefitness.co.nz/If you're interested in working with Luke & Phil at Next Advisory:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/