#191: Franchising 101 with Tom Rutledge
#191: Franchising 101 with Tom Rutledge
#191: Franchising 101 with Tom Rutledge
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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We Live to Build
I'm Sean Weisbrot, a 7 figure entrepreneur, investor, and advisor based who was based in Asia for over 14 years and now living in Portugal. I've published 200 interviews over the last 4 years with entrepreneurs and investors about their Psychology and how they run their businesses. These interviews are what every entrepreneur NEEDS to hear, and this is the only place in the world they can hear it. Not only do our guests share their reality, but I do too, only so that everyone can see success requires sacrifice and focus, something very difficult to give 100% at all times.Join us every week to fast track your professional and personal growth so you can meet the ever-increasing demands of the business (or businesses) you are passionately building. Time waits for no one, so let's get started now! Hosted on Acast. See acast.com/privacy for more information.Join Podchaser to...
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