WEBVTT - EYL #37 The Boss

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<v Speaker 1>Hey, I'm Tatiana Manning. I support our Voice of a

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<v Speaker 1>Customer team at Pgenie. If you're a small business customer,

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<v Speaker 1>we're here to support you. That's why I want to

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<v Speaker 1>tell you about our new podcast, Real Talk with PGENI.

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<v Speaker 1>We know small businesses are dealing with rising costs and

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<v Speaker 1>looking for ways to boost their bottom line. On our show,

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<v Speaker 1>you'll hear from our customer experts with our small Business

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<v Speaker 1>Engagement team, who will show you effective ways to improve

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<v Speaker 1>your operations, find important resources, and most of all, save money.

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<v Speaker 2>I ride the RAND analysis for the Emergency Food Bank

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<v Speaker 2>and based on their usage history, by just making a

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<v Speaker 2>simple rate change at no costs, it was a twenty

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<v Speaker 2>five dollars annual savings.

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<v Speaker 1>So listen to Real Talk with Pgenie and find more

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<v Speaker 1>resources for your business by visiting pge dot com for

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<v Speaker 1>slash real Talk.

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<v Speaker 3>All right, guys, welcome back to EYL episode thirty seven.

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<v Speaker 4>Thirty seven in the books.

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<v Speaker 3>Yes, yes, So before we start, we have some very

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<v Speaker 3>exciting news. You know that we are on tour right

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<v Speaker 3>now and we go into all of our major markets

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<v Speaker 3>all over the country. So we started in lahout out

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<v Speaker 3>to La then we went to Brooklyn and then we

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<v Speaker 3>went to Atlanta.

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<v Speaker 5>That was our most recent stop was Houston.

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<v Speaker 4>The craziest of them out to Houston.

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<v Speaker 3>Texas for sure. So next up we are headed to

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<v Speaker 3>the windy city town Chicago going on. Now we coming,

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<v Speaker 3>We're coming, so yeah, nine twenty six. We are coming

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<v Speaker 3>very shortly, nine twenty six. So go to our website,

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<v Speaker 3>go to the events tab and register. It's a free

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<v Speaker 3>network meet and greet. Once again, the purpose of the

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<v Speaker 3>network in meet and Greek is not a seminar, it's

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<v Speaker 3>not a workshop. It is an opportunity for you to

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<v Speaker 3>build with us, but more importantly, build with each other.

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<v Speaker 3>We're gonna bring the whole city out and yeah, you're

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<v Speaker 3>gonna be able to network and you know, pitch your

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<v Speaker 3>business ideas and meets your real estate partner.

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<v Speaker 4>All forms of business come. Yeah.

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<v Speaker 6>It's really for you to network with people who live

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<v Speaker 6>in the same place as you, right, there really is

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<v Speaker 6>no platform for that. So network and when we leave,

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<v Speaker 6>you still have those connections.

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<v Speaker 3>It's a vibe, it's a whole it's a whole, entire vibe.

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<v Speaker 3>But okay, so yeah, Chicago, come out. We have a

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<v Speaker 3>very exciting episode. Something I'm actually exciting about. I'm always

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<v Speaker 3>excited about episodes, but this is something that I'm actually

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<v Speaker 3>looking forward to.

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<v Speaker 4>Because it's very rare. We get somebody that's the first.

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<v Speaker 6>Of something or the biggest as something.

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<v Speaker 4>This is this is this is tough.

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<v Speaker 3>Yeah, for sure, for sure, sure sure. So we got

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<v Speaker 3>Kika Wise and she is a legend in her own

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<v Speaker 3>right because she is the youngest female franchise or in America.

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<v Speaker 4>Right, don't let that go over your head.

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<v Speaker 3>So if you don't know what a franchise or is

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<v Speaker 3>a franchise as a franchise owner but not a franchise e.

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<v Speaker 3>This is what most people think about franchise business. I

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<v Speaker 3>think about a franchise e. Franchise e is to say, okay,

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<v Speaker 3>Subways is a chain. I buy a Subway. Now I'm

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<v Speaker 3>a franchise e Subway, I'm an owner. But off of subway,

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<v Speaker 3>Subway is the larger company, right, So the flip side

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<v Speaker 3>of that coin is to be a franchise or pronounce

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<v Speaker 3>it correctly. And that's when you actually own the subway

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<v Speaker 3>and then people are coming under your umbrella and they're

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<v Speaker 3>buying their franchises from you. You've created the print and

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<v Speaker 3>now they're right we people have been asking for the franchise,

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<v Speaker 3>and he was like, okay, we can get like a

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<v Speaker 3>subway owner or something like that.

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<v Speaker 5>But we figured why not just get the apple sauce from.

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<v Speaker 3>The apple orchard and go straight to the sauce, cut

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<v Speaker 3>out all the middle man, and you should too. So

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<v Speaker 3>so yes, so, first and foremost.

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<v Speaker 7>Thank you, thank you, thank you for having me.

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<v Speaker 3>Yes, so, I'll give a quick rundown. So, yes, Kika

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<v Speaker 3>has her own studio. It's it's called it's a stretch studio,

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<v Speaker 3>which is different. We'll talk about. It's not yoga, it's

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<v Speaker 3>not pilates. It's something completely different. And she started in

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<v Speaker 3>New Jersey and it became massively successful. So when she

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<v Speaker 3>was thinking about expanding, she thought about, you know, different

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<v Speaker 3>ways to expand, and she settled on the idea of

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<v Speaker 3>just opening different franchises. And where she's at now is

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<v Speaker 3>to have twelve franchises all over America and the goal

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<v Speaker 3>is to have sixty five in a very short period

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<v Speaker 3>of time. So okay, now we got that out the way,

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<v Speaker 3>So can you give us the backstory on how the studio,

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<v Speaker 3>how the stretch studio got started.

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<v Speaker 7>Yes, so thank you again. Basically, I.

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<v Speaker 8>Was going to go back to school to get a

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<v Speaker 8>master's or open up my own business because I had

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<v Speaker 8>a young son at the time. So I took a

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<v Speaker 8>poll with friends and family should I go back to

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<v Speaker 8>school or should I open a business? And everyone said,

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<v Speaker 8>you'll fail. Don't open a business. Most businesses fail, you know.

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<v Speaker 7>Three five.

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<v Speaker 4>I've never listened to this, So I.

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<v Speaker 8>Was like, great, then that's the direction I'm going in

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<v Speaker 8>because nobody else they're all afraid to. So I decided

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<v Speaker 8>to go with that. So I took my last literally

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<v Speaker 8>five hundred dollars, and I rented a small room and

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<v Speaker 8>I printed out some brochures and I just ran with

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<v Speaker 8>the idea of stretching people.

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<v Speaker 4>Can we talk about the five hundred dollars?

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<v Speaker 7>Sure?

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<v Speaker 6>Yeah, because like it wasn't just five hundred, and especially

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<v Speaker 6>in our community, like we get a tax return and

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<v Speaker 6>the first thing we think is like, what can we buy?

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<v Speaker 6>What trip are we going on off this? You got

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<v Speaker 6>your tax return was the five hundred dollars?

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<v Speaker 4>Yes, and you decided I'm start a business, right, this is.

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<v Speaker 8>The only chance I have. So yeah, I took it,

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<v Speaker 8>and I started the business from there, one client at

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<v Speaker 8>a time. I built my clientele, and it slowly became

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<v Speaker 8>a business before my eyes. I studied guerrilla marketing for

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<v Speaker 8>the first year in business. I read several books on

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<v Speaker 8>how to market with no dollars, creative ways to get clients,

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<v Speaker 8>and then it started working and I just grew my clientele.

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<v Speaker 3>So where did you start? So you had the five

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<v Speaker 3>hundred dollars? You had the idea for stretching first of all,

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<v Speaker 3>before we even how did so?

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<v Speaker 9>All?

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<v Speaker 5>Right, what's your background.

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<v Speaker 7>As far as to stretch like people?

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<v Speaker 5>How did that? I?

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<v Speaker 4>So?

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<v Speaker 8>I studied at Montclair State University as a dance major.

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<v Speaker 8>So I was a professional dancer. I danced in the

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<v Speaker 8>city television film for years. Being an undergrad, we had

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<v Speaker 8>to take several anatomy courses that were extremely boring, but

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<v Speaker 8>I took them anyway had to, And so I took

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<v Speaker 8>the knowledge that I gained as an undergrad to put

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<v Speaker 8>towards this concept so it would be a real thing.

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<v Speaker 3>So okay, what makes okay? So what is your process

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<v Speaker 3>as far as stretching.

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<v Speaker 4>It's typical stretching, passive stretching.

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<v Speaker 8>Right, So, as a dancer, we all know that dancers

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<v Speaker 8>are the most flexible people. Dancers use gravity to gain flexibility.

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<v Speaker 8>So essentially I replaced gravity with a stretch coach, which

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<v Speaker 8>is the coach that you have that gives you the session.

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<v Speaker 8>So it's based on the dancers approach to stretching the movements,

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<v Speaker 8>and the coach gently follows the breath pattern of the

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<v Speaker 8>client to add the stretch. The client's completely limp, they're

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<v Speaker 8>not holding any muscle groups, so they the endorphins flow

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<v Speaker 8>through the body differently, so it's a whole experience. We're

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<v Speaker 8>the only studio that follows this process.

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<v Speaker 6>And that's the biggest difference between yoga and pilates, right,

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<v Speaker 6>that's when muscles are.

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<v Speaker 8>Being you're in your muscles are engaged in yoga and pilates,

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<v Speaker 8>they're disengaged when you come to our studio. Most people

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<v Speaker 8>never truly relax and let go, not even in bed.

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<v Speaker 8>Some of my clients tell me they sleep like this

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<v Speaker 8>balled up, and I'm like, really, can I just applaud you?

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<v Speaker 6>Like I studied physical education and health science major to

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<v Speaker 6>go through anatomy and to go through advanced anatomy and

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<v Speaker 6>to go through physics and still pursue applaud.

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<v Speaker 3>It's a real thing. As far as a lot of

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<v Speaker 3>times people, especially men, especially if you lift weights and

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<v Speaker 3>stuff like, you're very unflexible and that could lead to

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<v Speaker 3>a lot of problems. Like I used to I used

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<v Speaker 3>to play basketball and I went to prep school and

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<v Speaker 3>that's the first time I got introduced to yoga. Okay,

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<v Speaker 3>and it was one of the best things that I

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<v Speaker 3>ever did. Because so I was in a yoga class

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<v Speaker 3>and I was like the only male. It's like two males,

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<v Speaker 3>and it was everybody else was like tennis players. I

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<v Speaker 3>was in there with Maria Shavapova. That's a different story,

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<v Speaker 3>but anything, yeah, but anything, So you know, it's it's

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<v Speaker 3>kind of like a little weird. I'm like eighteen years

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<v Speaker 3>is all in a yoga class. But I realized that

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<v Speaker 3>once I started to really become more flexible, everything became better.

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<v Speaker 3>People don't think people fully understand how the body works.

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<v Speaker 3>But when you actually are more flexible, you can move better,

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<v Speaker 3>you can rent better, you're quicker, you're on your feet,

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<v Speaker 3>you lose weight.

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<v Speaker 5>Also, it's a whole it's a whole vibe.

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<v Speaker 7>Yes, it is all right.

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<v Speaker 3>So you have the five hundred and you have the

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<v Speaker 3>background in dancing and stretching and all that, So what

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<v Speaker 3>what's the first step that you take for the five hundred,

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<v Speaker 3>you're in a room out or so.

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<v Speaker 8>I went on craigs List. Great when craigs List was

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<v Speaker 8>you know, a different qriigs List, and I found someone

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<v Speaker 8>renting a room. It was actually a real estate agent

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<v Speaker 8>who wanted to share his space. So my rent was

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<v Speaker 8>three hundred dollars. He paid the other half or two hundred,

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<v Speaker 8>and I took the rest of the money and I

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<v Speaker 8>printed out Bruce Sure those brochures.

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<v Speaker 7>I passed out in the street.

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<v Speaker 8>I used to stand outside this space and just pass

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<v Speaker 8>out brochures like stretching mont clear.

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<v Speaker 7>Right, you have is this?

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<v Speaker 4>I read this right, so you know what's coming?

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<v Speaker 6>Yes, because we're eighties babies, right, And we grew up

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<v Speaker 6>with this character, this green character called Gumby. Yes, And

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<v Speaker 6>I read that you had a Gumby characters standing outside

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<v Speaker 6>yes with you.

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<v Speaker 8>I went on Amazon. I ordered a Gumby costume. Oh no,

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<v Speaker 8>oh no, I was never the gun Yeah. I had

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<v Speaker 8>to maintain some far so I hired someone to wear

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<v Speaker 8>the Gumby costume and pass out brochures while stretching down

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<v Speaker 8>the street marketing.

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<v Speaker 5>So how quick did it grow?

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<v Speaker 8>So as far as so when I sold my first package,

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<v Speaker 8>I made my money back page. No, it was I

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<v Speaker 8>think it was like six fifty at the time. Yeah,

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<v Speaker 8>of ten ten sessions. So in the beginning it took

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<v Speaker 8>about a year to develop a baseline of clientele. At

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<v Speaker 8>the time, I had a part time job. I was

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<v Speaker 8>selling furniture, and once I started making more than my paychecks,

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<v Speaker 8>that's when I completely quit.

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<v Speaker 7>So it took about a year for that to happen.

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<v Speaker 3>So all right, so at what point do you move

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<v Speaker 3>out of the room, And at one point you had

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<v Speaker 3>the studio, right, yes.

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<v Speaker 8>So the real estate agent would not renew my lease

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<v Speaker 8>because he said I was using the space too much.

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<v Speaker 8>I guess he thought, here's this crazy girl with an idea.

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<v Speaker 8>I just want somebody to help me pay my rent.

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<v Speaker 8>But I actually built a business.

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<v Speaker 5>Out of it.

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<v Speaker 8>No, it was in an office like an office suite,

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<v Speaker 8>and so I was forced to find another space. The

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<v Speaker 8>next space was in the basement of a Turkish restaurant,

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<v Speaker 8>which I thought was dope because it's bigger, like I

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<v Speaker 8>have my own space. But in the summer you would

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<v Speaker 8>smell curry and onions coming through the event. That's right,

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<v Speaker 8>But it was paradise for me. So that's that's actually

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<v Speaker 8>where I built the business into a six figure business

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<v Speaker 8>in the basement of a restaurant. So that's when I

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<v Speaker 8>knew I was onto something.

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<v Speaker 6>I mean, this, the health and wellness space is a

0:12:15.120 --> 0:12:17.360
<v Speaker 6>trillion dollar business. I think they were reporting four point

0:12:17.400 --> 0:12:19.679
<v Speaker 6>seven billion trillion, not billion.

0:12:19.440 --> 0:12:21.760
<v Speaker 7>It's trillion now trillion dollar business.

0:12:22.360 --> 0:12:24.240
<v Speaker 4>Did you know that going into it? And we just

0:12:24.240 --> 0:12:25.840
<v Speaker 4>said I'm just doing something.

0:12:25.880 --> 0:12:28.600
<v Speaker 5>You followed your passion past.

0:12:28.080 --> 0:12:30.760
<v Speaker 8>It, and so my passion was always people and making

0:12:30.760 --> 0:12:35.920
<v Speaker 8>people feel good through conversation, you know, just vibes, right,

0:12:36.200 --> 0:12:38.920
<v Speaker 8>But my passion was never My passion was stretching, but

0:12:38.960 --> 0:12:42.679
<v Speaker 8>my passion was never business. I never wanted to be

0:12:42.800 --> 0:12:45.480
<v Speaker 8>an entrepreneur because I didn't want to fail.

0:12:45.840 --> 0:12:49.760
<v Speaker 7>I equated failing with entrepreneurship, so I avoided it.

0:12:50.120 --> 0:12:54.080
<v Speaker 8>But my son was the reason I got into it,

0:12:54.160 --> 0:12:56.080
<v Speaker 8>so that I could spend time with him and be

0:12:56.200 --> 0:12:59.040
<v Speaker 8>there for his work life balance, right, So then I

0:12:59.080 --> 0:13:00.480
<v Speaker 8>started to fall in love with it.

0:13:00.679 --> 0:13:01.959
<v Speaker 5>So all right, so then at what point do you

0:13:01.960 --> 0:13:02.720
<v Speaker 5>get your own studio?

0:13:03.559 --> 0:13:06.120
<v Speaker 8>So after I built the business in the basement of

0:13:06.240 --> 0:13:10.760
<v Speaker 8>the rest turns restaurant, right, and I saw people were

0:13:10.800 --> 0:13:14.520
<v Speaker 8>still coming even though it smelled like curry. I knew

0:13:14.559 --> 0:13:18.320
<v Speaker 8>that I could potentially gain more clientele and cover the

0:13:18.360 --> 0:13:21.680
<v Speaker 8>costs of a storefront. So I took another leap of

0:13:21.679 --> 0:13:24.040
<v Speaker 8>faith and I rented the store for how much was

0:13:24.080 --> 0:13:25.800
<v Speaker 8>your store front rent at.

0:13:25.640 --> 0:13:28.760
<v Speaker 7>The time, it was twenty four hundred month.

0:13:30.040 --> 0:13:32.520
<v Speaker 3>A little off topic is that courage is something that

0:13:32.559 --> 0:13:35.320
<v Speaker 3>every everybody uses, like Jamaicans, Indians.

0:13:35.400 --> 0:13:36.080
<v Speaker 4>Why are you doing that?

0:13:36.880 --> 0:13:40.000
<v Speaker 7>I know I'm getting hungry choice you.

0:13:39.960 --> 0:13:42.360
<v Speaker 4>Know, yeah, is an Indian.

0:13:42.440 --> 0:13:45.720
<v Speaker 5>It's like a universal spice in West.

0:13:45.480 --> 0:13:47.000
<v Speaker 4>Indian and Indian cultures for sure.

0:13:47.600 --> 0:13:52.120
<v Speaker 5>Okay, yo, my curry goal, you don't at all.

0:13:52.720 --> 0:13:55.840
<v Speaker 6>So those yeah, I don't know which is a member

0:13:55.880 --> 0:13:57.360
<v Speaker 6>of the family. So he gets to play.

0:13:57.200 --> 0:13:57.640
<v Speaker 4>At my house.

0:13:57.679 --> 0:13:59.880
<v Speaker 3>I'm a pescatarian and now I want my way to

0:13:59.880 --> 0:14:02.800
<v Speaker 3>be coming vegan nice, So we putting all the animals down.

0:14:02.840 --> 0:14:04.439
<v Speaker 5>But I don't judge.

0:14:04.440 --> 0:14:07.080
<v Speaker 3>I don't judge, all right, Okay, so you have the

0:14:07.080 --> 0:14:10.240
<v Speaker 3>studio and then business starts to just really take off

0:14:10.240 --> 0:14:13.360
<v Speaker 3>for you at that point, right, yes, And then okay,

0:14:13.480 --> 0:14:15.679
<v Speaker 3>so when you hit your stride, at what point did

0:14:15.679 --> 0:14:17.400
<v Speaker 3>you really start to hit your stride where it's like, okay,

0:14:17.400 --> 0:14:19.000
<v Speaker 3>this is this is something else.

0:14:19.600 --> 0:14:23.880
<v Speaker 8>Right, So after a few years I was able to

0:14:23.880 --> 0:14:25.800
<v Speaker 8>get a New York Times article.

0:14:26.080 --> 0:14:29.440
<v Speaker 7>Future story through Google.

0:14:31.240 --> 0:14:36.600
<v Speaker 8>One of the reporters found me online and decided to

0:14:36.640 --> 0:14:37.240
<v Speaker 8>do a story.

0:14:38.160 --> 0:14:40.120
<v Speaker 5>You said you had the s c O se O.

0:14:40.280 --> 0:14:42.440
<v Speaker 5>You mastered that, right? Can you explain?

0:14:44.080 --> 0:14:49.360
<v Speaker 8>The SEO stands for Search engine optimization, So you find

0:14:49.440 --> 0:14:53.280
<v Speaker 8>keywords that you highlight, you pay for so that your

0:14:53.280 --> 0:14:57.440
<v Speaker 8>results show up fast on Google. So, being that no

0:14:57.480 --> 0:14:59.920
<v Speaker 8>one was looking for stretching at the time, I had

0:15:00.120 --> 0:15:05.240
<v Speaker 8>to pay for words like gem yoga, massage, and so

0:15:05.280 --> 0:15:08.040
<v Speaker 8>when people would look for that, we would pop up

0:15:08.040 --> 0:15:10.480
<v Speaker 8>and they're like, oh, what's this. So that's kind of

0:15:10.520 --> 0:15:12.640
<v Speaker 8>how we started to develop a following.

0:15:13.000 --> 0:15:13.840
<v Speaker 4>How did you find?

0:15:14.640 --> 0:15:15.680
<v Speaker 5>Like how much did that cost?

0:15:16.840 --> 0:15:22.120
<v Speaker 8>It was three hundred dollars like a company, a company company,

0:15:22.840 --> 0:15:24.240
<v Speaker 8>town Square Interactive.

0:15:24.480 --> 0:15:27.520
<v Speaker 3>So that so that's really that really works because I've

0:15:27.520 --> 0:15:28.800
<v Speaker 3>seen that before and people.

0:15:28.600 --> 0:15:31.000
<v Speaker 7>I still do it? You still do it? It? Really?

0:15:31.440 --> 0:15:34.160
<v Speaker 7>I'll never say yeah, same price.

0:15:34.320 --> 0:15:36.840
<v Speaker 3>So what's the what what I'm just thinking, like, what's

0:15:36.840 --> 0:15:39.600
<v Speaker 3>the key, Like, what's the key to find words that

0:15:39.800 --> 0:15:43.440
<v Speaker 3>it's not because obviously it's like very popular words is

0:15:43.480 --> 0:15:45.760
<v Speaker 3>like you know, it's probably a million people using that

0:15:45.800 --> 0:15:49.440
<v Speaker 3>same word, right, is it to find words that aren't

0:15:49.480 --> 0:15:52.120
<v Speaker 3>really so.

0:15:51.480 --> 0:15:55.640
<v Speaker 8>Believe it or not, most small business owners don't use

0:15:55.800 --> 0:15:59.080
<v Speaker 8>SEO as a tool, So even though you may be

0:15:59.200 --> 0:16:02.280
<v Speaker 8>looking using the gym, most gyms are not using it.

0:16:02.720 --> 0:16:04.560
<v Speaker 7>So it will highlight in your area.

0:16:06.120 --> 0:16:10.240
<v Speaker 8>And being that we essentially started the assisted stretching movement,

0:16:10.960 --> 0:16:13.960
<v Speaker 8>we were able to build our SEO campaign for years

0:16:14.000 --> 0:16:16.880
<v Speaker 8>before anyone else tried to start using it. So we're

0:16:16.920 --> 0:16:17.880
<v Speaker 8>like on the top.

0:16:17.840 --> 0:16:20.320
<v Speaker 7>Like, oh, you already ahead of the race, right ahead

0:16:20.360 --> 0:16:20.800
<v Speaker 7>of the race.

0:16:20.840 --> 0:16:24.280
<v Speaker 8>But anyone can still benefit from it. You just have

0:16:24.360 --> 0:16:27.160
<v Speaker 8>to incorporate those words throughout your entire website.

0:16:27.200 --> 0:16:29.640
<v Speaker 4>You'll still show up marketing.

0:16:30.400 --> 0:16:32.680
<v Speaker 3>Yeah, all right, So you have the studio in business

0:16:32.680 --> 0:16:35.080
<v Speaker 3>is booming, but then you have a fire, right, yes,

0:16:35.400 --> 0:16:39.280
<v Speaker 3>all right, the studio burns down and you have to

0:16:39.320 --> 0:16:40.680
<v Speaker 3>go into the basement of a church.

0:16:40.880 --> 0:16:44.640
<v Speaker 6>Yes, but that was a moment for you where you realize,

0:16:44.800 --> 0:16:46.600
<v Speaker 6>you know what this isn't about me? Right, there was

0:16:46.600 --> 0:16:48.040
<v Speaker 6>a gentleman that was sitting next to you.

0:16:49.080 --> 0:16:52.840
<v Speaker 8>There was a gentleman standing next to me. And as

0:16:52.920 --> 0:16:55.640
<v Speaker 8>the well, the flames were gone, as the smoke is

0:16:55.680 --> 0:16:59.200
<v Speaker 8>subsiding He's like, I just bought a ten pack of

0:16:59.240 --> 0:17:02.960
<v Speaker 8>stretching sash and all he cared about was his investment.

0:17:03.680 --> 0:17:05.560
<v Speaker 8>But at that because in my head, I was like,

0:17:05.680 --> 0:17:06.680
<v Speaker 8>oh it burnt down.

0:17:06.720 --> 0:17:07.200
<v Speaker 7>I'm done.

0:17:07.400 --> 0:17:11.040
<v Speaker 8>I'm just gonna, you know, chill, forget being an entrepreneur.

0:17:11.160 --> 0:17:14.359
<v Speaker 8>I'm done, you know, move to Hawaii, do something else.

0:17:14.840 --> 0:17:16.840
<v Speaker 8>And at that moment, I was like, Wow, I have

0:17:16.960 --> 0:17:20.560
<v Speaker 8>clients and I have employees. I can't just shut down.

0:17:20.880 --> 0:17:23.400
<v Speaker 8>So at that moment, I knew this was bigger than

0:17:23.440 --> 0:17:25.960
<v Speaker 8>just me. So it motivated me on a different level.

0:17:26.280 --> 0:17:28.640
<v Speaker 8>And that's actually when The New York Times reached out

0:17:28.680 --> 0:17:31.800
<v Speaker 8>to us when we were in the basement of the church.

0:17:31.840 --> 0:17:34.040
<v Speaker 8>It's funny how life happened.

0:17:35.680 --> 0:17:38.400
<v Speaker 5>God's work, all right.

0:17:38.480 --> 0:17:41.639
<v Speaker 3>So okay, so you told us off cam about a

0:17:41.680 --> 0:17:44.159
<v Speaker 3>book that changed your life, and then you fired yourself.

0:17:44.160 --> 0:17:46.840
<v Speaker 3>The best thing you did was fire yes, yes, all right?

0:17:46.920 --> 0:17:48.719
<v Speaker 3>What does that mean to fire yourself? And how did

0:17:48.760 --> 0:17:51.000
<v Speaker 3>that help you see the bigger picture?

0:17:51.640 --> 0:17:55.440
<v Speaker 8>So it's called the E myth revisited like the letter E,

0:17:55.920 --> 0:17:58.320
<v Speaker 8>and it teaches you how to fire yourself from the

0:17:58.400 --> 0:18:01.120
<v Speaker 8>things that you do not enjoy doing in your business

0:18:01.520 --> 0:18:04.800
<v Speaker 8>so that you can be the creative force behind it

0:18:04.920 --> 0:18:07.960
<v Speaker 8>and not lose you know, your light. Essentially, a lot

0:18:07.960 --> 0:18:11.000
<v Speaker 8>of entrepreneurs get burned out because they try to do

0:18:11.040 --> 0:18:14.600
<v Speaker 8>everything themselves and they're afraid to delegate because they don't

0:18:14.640 --> 0:18:19.720
<v Speaker 8>trust people. So I basically read the book and I

0:18:19.840 --> 0:18:23.760
<v Speaker 8>forced myself to do everything that is said chapter by chapter,

0:18:24.359 --> 0:18:28.000
<v Speaker 8>and my business started making more money as I fired

0:18:28.040 --> 0:18:32.240
<v Speaker 8>myself because I would be stretching people, answering the phones,

0:18:32.560 --> 0:18:36.240
<v Speaker 8>opening the door all at the same time, stretching people.

0:18:36.280 --> 0:18:38.760
<v Speaker 8>And I see an email comes in, I would love

0:18:38.800 --> 0:18:40.600
<v Speaker 8>to open it, but I can't because I'm stretching some

0:18:41.080 --> 0:18:44.199
<v Speaker 8>So I just did it and it worked.

0:18:44.320 --> 0:18:46.639
<v Speaker 6>But it had dual benefits, right because as you fired

0:18:46.640 --> 0:18:49.399
<v Speaker 6>yourself right and had to hire someone new, you had

0:18:49.400 --> 0:18:50.080
<v Speaker 6>to write down.

0:18:49.960 --> 0:18:51.400
<v Speaker 7>The task procedures.

0:18:51.800 --> 0:18:53.760
<v Speaker 4>Exactly, you're the measure. This is what you should be do,

0:18:53.880 --> 0:18:55.399
<v Speaker 4>this is what you should do right. This is what

0:18:55.440 --> 0:18:56.400
<v Speaker 4>I did long term.

0:18:56.440 --> 0:18:58.119
<v Speaker 6>That helps you out because now when it's time to

0:18:58.200 --> 0:19:00.560
<v Speaker 6>create your own franchise.

0:19:00.160 --> 0:19:02.000
<v Speaker 7>Exactly, it's already there.

0:19:02.240 --> 0:19:04.840
<v Speaker 3>But everything you said with me just really resonates. Like you,

0:19:05.160 --> 0:19:07.159
<v Speaker 3>it's hard. It'll be hard for anybody to understand that

0:19:07.160 --> 0:19:09.600
<v Speaker 3>if they're not an entrepreneur, but you you don't trust

0:19:09.680 --> 0:19:11.480
<v Speaker 3>people and not know you don't trust people in a

0:19:11.480 --> 0:19:13.800
<v Speaker 3>bad way. But it feels like you this is your baby,

0:19:13.960 --> 0:19:15.960
<v Speaker 3>and it's like you you know what you're doing, and

0:19:16.000 --> 0:19:18.080
<v Speaker 3>you mastered it, at least you think you mastered it.

0:19:18.480 --> 0:19:22.840
<v Speaker 3>And it's like you don't really fully feel that somebody

0:19:22.880 --> 0:19:26.640
<v Speaker 3>else can fulfill that role because they're not you. And

0:19:26.680 --> 0:19:28.560
<v Speaker 3>then even if it's going to take you a long

0:19:28.640 --> 0:19:31.240
<v Speaker 3>time to kind of teach them, so you don't really

0:19:31.240 --> 0:19:34.440
<v Speaker 3>trust them in that process. But like you said, I mean,

0:19:34.600 --> 0:19:36.560
<v Speaker 3>the problem with that is that now you're trying to

0:19:36.560 --> 0:19:38.360
<v Speaker 3>do every single thing yourself, and it gets a point

0:19:38.359 --> 0:19:40.359
<v Speaker 3>in time where you just can't. It's too much for

0:19:40.400 --> 0:19:44.119
<v Speaker 3>you to do. And somebody said in my business early on,

0:19:44.200 --> 0:19:46.600
<v Speaker 3>I heard they said, never do anything, never do anything

0:19:46.640 --> 0:19:49.040
<v Speaker 3>that you can pay somebody else to do, because there's

0:19:49.040 --> 0:19:53.160
<v Speaker 3>only there's some things that you can only do. Everything

0:19:53.200 --> 0:19:57.399
<v Speaker 3>else can be delegated, absolutely right. So it's like, even

0:19:57.520 --> 0:19:59.919
<v Speaker 3>with us growing as a podcast, that's something that we

0:20:00.040 --> 0:20:01.760
<v Speaker 3>even have to put in place as far as like

0:20:02.320 --> 0:20:05.120
<v Speaker 3>we are we do this as far as like interviews

0:20:05.119 --> 0:20:07.080
<v Speaker 3>and stuff like that, but a lot of the other

0:20:07.080 --> 0:20:09.640
<v Speaker 3>stuff we don't we shouldn't be doing like we shouldn't

0:20:09.640 --> 0:20:12.159
<v Speaker 3>be editing videos like that's the stuff that we can

0:20:12.200 --> 0:20:15.280
<v Speaker 3>do somebody everybody else can do. But as I said that,

0:20:15.280 --> 0:20:17.840
<v Speaker 3>that's true for any entrepreneur. So, but I think the

0:20:17.920 --> 0:20:20.720
<v Speaker 3>biggest step that stops people from doing that is the

0:20:20.720 --> 0:20:23.680
<v Speaker 3>financial obligation. Also because it's like, okay, it's a leap

0:20:23.720 --> 0:20:27.320
<v Speaker 3>of faith, because now it's to say it's bad enough

0:20:27.359 --> 0:20:30.080
<v Speaker 3>to be an entrepreneur and have money come in. Might

0:20:30.119 --> 0:20:33.200
<v Speaker 3>not come in yourself, but now you gotta pay somebody else.

0:20:33.720 --> 0:20:36.000
<v Speaker 3>Now you definitely gotta have money because you can't tell

0:20:36.080 --> 0:20:39.600
<v Speaker 3>them I had a bad week. So how it got

0:20:39.800 --> 0:20:43.000
<v Speaker 3>at what point financially did you like, Okay, I have

0:20:43.119 --> 0:20:45.040
<v Speaker 3>enough money, I can do this, or was that a

0:20:45.080 --> 0:20:45.879
<v Speaker 3>leap of faith for you?

0:20:45.920 --> 0:20:48.159
<v Speaker 8>Also, that was a leap of faith for the first

0:20:48.280 --> 0:20:52.520
<v Speaker 8>month I took a loss and I was hurt, maybe

0:20:52.560 --> 0:20:57.879
<v Speaker 8>even two months, so you hear the pain, but you

0:20:57.960 --> 0:21:00.680
<v Speaker 8>have to go through that until you figure it out.

0:21:00.720 --> 0:21:03.199
<v Speaker 8>And then once I figured out, okay, this is how

0:21:03.280 --> 0:21:07.439
<v Speaker 8>much I need to make to cover myself so I

0:21:07.480 --> 0:21:09.760
<v Speaker 8>can have money. And one of the other things I

0:21:09.800 --> 0:21:12.960
<v Speaker 8>did was I always had myself on payroll. A lot

0:21:13.000 --> 0:21:16.359
<v Speaker 8>of people start off with not paying themselves and they're

0:21:16.400 --> 0:21:19.119
<v Speaker 8>just paying everybody else. But need I still needed a job,

0:21:19.600 --> 0:21:24.480
<v Speaker 8>so putting yourself on payroll and seeing exactly how much

0:21:24.480 --> 0:21:27.320
<v Speaker 8>you have to make. So I always set goals for

0:21:27.359 --> 0:21:29.680
<v Speaker 8>the employees, like this is the goal we have to hit,

0:21:30.040 --> 0:21:33.880
<v Speaker 8>which included you know, my individual goal, pay yourself.

0:21:34.119 --> 0:21:35.200
<v Speaker 5>We're not playing that.

0:21:35.200 --> 0:21:36.879
<v Speaker 4>That's that's one of my favorite lines, pay yourself on

0:21:36.920 --> 0:21:38.040
<v Speaker 4>all yourself, right.

0:21:38.119 --> 0:21:40.639
<v Speaker 8>And it just works. It's you got to start slow.

0:21:40.760 --> 0:21:42.920
<v Speaker 8>So if you hire someone for one day a week,

0:21:43.040 --> 0:21:45.800
<v Speaker 8>like that's good. You just start slow until you trust

0:21:45.800 --> 0:21:46.360
<v Speaker 8>the process.

0:21:46.560 --> 0:21:46.920
<v Speaker 5>All right.

0:21:46.960 --> 0:21:49.800
<v Speaker 3>So all right, so we got the backstory, so now

0:21:49.840 --> 0:21:52.200
<v Speaker 3>we're going to go into what I really me personally.

0:21:52.200 --> 0:21:54.840
<v Speaker 3>I want to hear is the why and how you

0:21:54.920 --> 0:21:59.159
<v Speaker 3>built the franchise business and all of the details and in

0:21:59.200 --> 0:22:01.560
<v Speaker 3>and outs. All right, So now we're going to talk

0:22:01.600 --> 0:22:05.200
<v Speaker 3>about how you built the business as far as to

0:22:05.280 --> 0:22:07.399
<v Speaker 3>scale it to the next level, because okay, you have

0:22:07.440 --> 0:22:09.720
<v Speaker 3>It's one thing to have a successful business, right, but

0:22:09.760 --> 0:22:16.000
<v Speaker 3>it's another thing to actually open a franchise operation. And

0:22:16.480 --> 0:22:17.920
<v Speaker 3>I guess that's hard to do. That's why you're the

0:22:17.920 --> 0:22:19.520
<v Speaker 3>youngest one in the country, youngest people on the.

0:22:21.800 --> 0:22:23.840
<v Speaker 8>Okay, it's not hard to do. It's hard to figure

0:22:23.840 --> 0:22:26.080
<v Speaker 8>out if you don't have any guidance.

0:22:26.720 --> 0:22:29.520
<v Speaker 6>Like obviously, we've never I've never met anybody that owned

0:22:29.560 --> 0:22:32.480
<v Speaker 6>their own franchise, so like, yeah, like who was like

0:22:32.520 --> 0:22:34.560
<v Speaker 6>what was the guidance, Like what was the mental or

0:22:34.560 --> 0:22:36.520
<v Speaker 6>the moment that you said, this is what I have

0:22:36.600 --> 0:22:37.040
<v Speaker 6>to do now?

0:22:37.480 --> 0:22:39.760
<v Speaker 7>So there, I was really frustrated. One day.

0:22:39.880 --> 0:22:43.400
<v Speaker 8>I don't remember what was frustrating me, but I went

0:22:43.440 --> 0:22:46.639
<v Speaker 8>to Barnes and Nobles and I googled the top five

0:22:47.400 --> 0:22:52.640
<v Speaker 8>franchise consulting firms and I caused all five to see

0:22:52.680 --> 0:22:55.760
<v Speaker 8>who would call me back first, because at that point,

0:22:55.880 --> 0:22:59.880
<v Speaker 8>I was like, I don't want to open multiple locations.

0:22:59.320 --> 0:23:02.639
<v Speaker 5>Well can you talk about So I actually asked you

0:23:02.640 --> 0:23:03.040
<v Speaker 5>that question.

0:23:03.080 --> 0:23:05.760
<v Speaker 3>I'm like, what made you say, Okay, instead of opening

0:23:05.800 --> 0:23:07.119
<v Speaker 3>I want to shop in New Work, I want to

0:23:07.119 --> 0:23:09.199
<v Speaker 3>shop in Brooklyn, But it's gonna be what made you

0:23:09.240 --> 0:23:11.159
<v Speaker 3>want to just say I want to do franchises and

0:23:11.200 --> 0:23:11.760
<v Speaker 3>have other.

0:23:11.560 --> 0:23:12.680
<v Speaker 7>People And I left this out.

0:23:12.760 --> 0:23:16.639
<v Speaker 8>I did own another location at that point, so I

0:23:16.680 --> 0:23:19.840
<v Speaker 8>owned two locations and I was working on three. But

0:23:19.880 --> 0:23:22.239
<v Speaker 8>I was like, I don't I can't handle it on

0:23:22.280 --> 0:23:22.640
<v Speaker 8>my own.

0:23:22.720 --> 0:23:24.960
<v Speaker 5>Why so why did you? Why did you fell you could?

0:23:25.240 --> 0:23:29.000
<v Speaker 8>I wanted to maintain some free time for my family,

0:23:29.160 --> 0:23:32.840
<v Speaker 8>for my leisure, and for work, so I didn't There's

0:23:32.880 --> 0:23:36.239
<v Speaker 8>a lot of business owners who just run around all

0:23:36.320 --> 0:23:39.640
<v Speaker 8>day long to multiple locations and then burn out at night.

0:23:40.080 --> 0:23:43.080
<v Speaker 8>But I always wanted to leave time for myself because

0:23:43.080 --> 0:23:45.480
<v Speaker 8>I feel like that's important, and I didn't want the

0:23:45.520 --> 0:23:50.040
<v Speaker 8>business to overrun me. So I wanted to allow other

0:23:50.080 --> 0:23:54.159
<v Speaker 8>people to open. And I realized that in the United States,

0:23:54.480 --> 0:23:57.080
<v Speaker 8>you have to franchise if you allow somebody else to

0:23:57.200 --> 0:23:59.959
<v Speaker 8>use your logo and your business name.

0:24:00.160 --> 0:24:01.920
<v Speaker 3>Can you talk about that? I just found that out,

0:24:02.000 --> 0:24:04.440
<v Speaker 3>So you can't. You can't let somebody else use it

0:24:04.800 --> 0:24:06.040
<v Speaker 3>unless it's a franchise.

0:24:06.119 --> 0:24:09.200
<v Speaker 7>And there's a lot of people who like license.

0:24:10.520 --> 0:24:15.720
<v Speaker 8>Their method. There's there's stores, but you actually cannot. You're

0:24:15.760 --> 0:24:18.159
<v Speaker 8>not supposed to, and if you get caught, it's a

0:24:18.240 --> 0:24:21.360
<v Speaker 8>it's a big fine. You have to become a franchise

0:24:21.520 --> 0:24:27.119
<v Speaker 8>if they are following your trademarks, logos and name. So

0:24:27.440 --> 0:24:31.399
<v Speaker 8>your trademark is the Kika Method, Kika Stretch Studios, the

0:24:31.480 --> 0:24:36.840
<v Speaker 8>Kika Method. Yeah, so I also franchise, I mean, franchise

0:24:37.520 --> 0:24:42.480
<v Speaker 8>trademarked most of the trademarks myself. I just sat in

0:24:42.520 --> 0:24:46.280
<v Speaker 8>front of a computer for hours until I figured it

0:24:46.320 --> 0:24:49.080
<v Speaker 8>out and so.

0:24:48.200 --> 0:24:50.560
<v Speaker 3>So all right, so so so you looked at the

0:24:50.560 --> 0:24:53.120
<v Speaker 3>consulting firms and what happened at that point.

0:24:53.160 --> 0:24:56.240
<v Speaker 8>So the first one that called me back a guy

0:24:56.480 --> 0:25:02.040
<v Speaker 8>Chris Connor out of Atlanta Franchise Marketing System, and he

0:25:02.119 --> 0:25:04.560
<v Speaker 8>pitched the whole concept of working with me, like I

0:25:04.600 --> 0:25:07.440
<v Speaker 8>think this could work. I'll be on a flight tomorrow

0:25:07.640 --> 0:25:11.600
<v Speaker 8>and I'm like, really, okay, mind you. He was the

0:25:11.600 --> 0:25:15.400
<v Speaker 8>only one that called me back. The other people called

0:25:15.440 --> 0:25:18.120
<v Speaker 8>me back like three days later and like not. And

0:25:18.200 --> 0:25:21.639
<v Speaker 8>so he came. He looked at my studio, he listened

0:25:21.640 --> 0:25:23.920
<v Speaker 8>to the whole model, and he's like, you could definitely

0:25:23.960 --> 0:25:27.919
<v Speaker 8>do this. He helped franchise Massage, Envy and a lot of

0:25:28.000 --> 0:25:31.719
<v Speaker 8>other big franchises. So and his price was also like

0:25:32.320 --> 0:25:37.800
<v Speaker 8>lower than all of the other franchise company fifteen thousand, okay, yeah,

0:25:38.080 --> 0:25:40.360
<v Speaker 8>most of them are twenty and up.

0:25:40.560 --> 0:25:42.480
<v Speaker 5>And what do you get for that? Like he sets

0:25:42.480 --> 0:25:42.760
<v Speaker 5>it up.

0:25:43.080 --> 0:25:46.760
<v Speaker 8>He sets up the whole franchise model, the FDD.

0:25:46.920 --> 0:25:48.920
<v Speaker 5>All right, So okay, So he came and then he's

0:25:48.960 --> 0:25:50.199
<v Speaker 5>the one that set it up for you.

0:25:50.720 --> 0:25:54.439
<v Speaker 8>He's the one that pulled the resources out of me,

0:25:55.400 --> 0:25:59.920
<v Speaker 8>the procedures. I had, the strategies, and he helped drive

0:26:00.320 --> 0:26:00.720
<v Speaker 8>the whole.

0:26:01.480 --> 0:26:04.480
<v Speaker 4>So that you said, the FDD. What does that stand

0:26:04.480 --> 0:26:04.760
<v Speaker 4>for again?

0:26:05.000 --> 0:26:07.040
<v Speaker 7>Federal disclosure document.

0:26:06.720 --> 0:26:08.959
<v Speaker 3>And that's what you have to do in order to Yes,

0:26:09.720 --> 0:26:12.399
<v Speaker 3>So to have to open up a franchise, you have

0:26:12.440 --> 0:26:12.639
<v Speaker 3>to do.

0:26:12.680 --> 0:26:16.280
<v Speaker 5>The first thing I do is an FDD right disclosure document.

0:26:16.400 --> 0:26:17.399
<v Speaker 7>Yes, and you do that.

0:26:17.480 --> 0:26:20.840
<v Speaker 3>You do that with the United States government. Yes, And

0:26:21.000 --> 0:26:22.080
<v Speaker 3>each state has its own.

0:26:23.480 --> 0:26:26.639
<v Speaker 8>It's the same FDD, but each state has its own

0:26:28.480 --> 0:26:32.439
<v Speaker 8>laws as far as submission. So like New York, you

0:26:32.480 --> 0:26:35.720
<v Speaker 8>have to submit your FDD. It has to be approved

0:26:35.720 --> 0:26:37.919
<v Speaker 8>by the state each year before you can sell a

0:26:37.920 --> 0:26:41.439
<v Speaker 8>franchise New Jersey. I can just give you my FDD

0:26:41.720 --> 0:26:44.800
<v Speaker 8>and have you sign up on the spot. New York

0:26:44.840 --> 0:26:47.840
<v Speaker 8>they have to approve it each year. New york'sity is

0:26:47.880 --> 0:26:50.480
<v Speaker 8>the worst and everything California same.

0:26:52.040 --> 0:26:54.520
<v Speaker 5>So all right, So what's in the FDD.

0:26:54.640 --> 0:26:57.520
<v Speaker 8>So within the fd D, it's basically like the rule

0:26:57.560 --> 0:26:59.960
<v Speaker 8>book for the franchise, Like, this is what we're gonna

0:26:59.960 --> 0:27:02.680
<v Speaker 8>do for you. This is your role as a franchisee.

0:27:03.000 --> 0:27:05.840
<v Speaker 8>This is my role. It basically puts on the table

0:27:06.400 --> 0:27:09.920
<v Speaker 8>every cost that you could incur with a business like this.

0:27:10.520 --> 0:27:13.479
<v Speaker 8>It discloses to the franchise e everything they would have

0:27:13.520 --> 0:27:16.600
<v Speaker 8>to deal with if they decided to join your organization,

0:27:17.119 --> 0:27:19.160
<v Speaker 8>every possible element of everything.

0:27:19.840 --> 0:27:21.520
<v Speaker 5>How long? Like how long is it?

0:27:21.600 --> 0:27:21.679
<v Speaker 3>So?

0:27:21.880 --> 0:27:24.320
<v Speaker 7>Mine is about like three hundred pages?

0:27:24.440 --> 0:27:27.560
<v Speaker 5>Three pages, yes, and that's what he helped you write that.

0:27:27.840 --> 0:27:29.800
<v Speaker 7>Yes, so he has a team of people that helped

0:27:29.800 --> 0:27:30.520
<v Speaker 7>put it all together.

0:27:30.560 --> 0:27:31.640
<v Speaker 5>So how do you all right?

0:27:31.840 --> 0:27:34.520
<v Speaker 3>So is it like a set template to say like

0:27:34.760 --> 0:27:37.000
<v Speaker 3>or like, how do you come up with three hundred

0:27:37.040 --> 0:27:37.959
<v Speaker 3>pages of items?

0:27:38.600 --> 0:27:41.240
<v Speaker 6>Or was you using that that when you find yourself

0:27:41.240 --> 0:27:43.320
<v Speaker 6>you had so much writing already built up.

0:27:43.240 --> 0:27:44.600
<v Speaker 7>Like I did.

0:27:44.680 --> 0:27:48.119
<v Speaker 8>So within the FDD, so we do three weeks of

0:27:48.200 --> 0:27:52.160
<v Speaker 8>training for each of the franchisees. So lists how much

0:27:52.200 --> 0:27:56.040
<v Speaker 8>time is spent on this topic in training, Like it

0:27:56.160 --> 0:27:59.280
<v Speaker 8>spells out the whole training by minutes, thirty minutes on

0:27:59.320 --> 0:28:00.600
<v Speaker 8>this thirty minutes, and that.

0:28:00.920 --> 0:28:03.840
<v Speaker 7>It shows you the least possible.

0:28:03.359 --> 0:28:05.919
<v Speaker 8>Amount of money you could use to open in the

0:28:06.000 --> 0:28:11.160
<v Speaker 8>highest So there's a range. Uh. It spells out liability

0:28:11.400 --> 0:28:13.000
<v Speaker 8>of the franchise or like.

0:28:12.960 --> 0:28:15.560
<v Speaker 7>What are we liable for? What are we not liable for?

0:28:16.680 --> 0:28:20.439
<v Speaker 8>So once the franchise he reads it, they understand what

0:28:20.480 --> 0:28:24.359
<v Speaker 8>they're getting themselves into. And once they sign it, you

0:28:24.400 --> 0:28:27.000
<v Speaker 8>can't say I didn't tell you you know this is

0:28:27.040 --> 0:28:27.560
<v Speaker 8>going to happen.

0:28:27.640 --> 0:28:32.440
<v Speaker 3>So that the fd D actually is the instruction manual. Yes, yeah,

0:28:32.640 --> 0:28:33.720
<v Speaker 3>you don't have like another.

0:28:33.480 --> 0:28:34.359
<v Speaker 5>One on top of that.

0:28:34.400 --> 0:28:35.240
<v Speaker 7>We do.

0:28:35.400 --> 0:28:38.840
<v Speaker 5>So what's the other one? You have time, so there's

0:28:38.840 --> 0:28:41.600
<v Speaker 5>a reason that now we know why you're the youngest one.

0:28:44.080 --> 0:28:45.120
<v Speaker 5>What's what's all?

0:28:45.200 --> 0:28:45.280
<v Speaker 4>Right?

0:28:45.400 --> 0:28:47.080
<v Speaker 3>So we got the fd D. That's pretty much the

0:28:47.120 --> 0:28:48.840
<v Speaker 3>whole instruction manual. So what's on top of that?

0:28:49.000 --> 0:28:52.080
<v Speaker 8>So the FDD, right is so legally it allows you

0:28:52.160 --> 0:28:55.200
<v Speaker 8>to sell a business to someone, right, So that's the FDD.

0:28:55.640 --> 0:29:02.320
<v Speaker 8>Then there's an operations manual. So that's where all my strategies, concepts,

0:29:03.200 --> 0:29:05.440
<v Speaker 8>all of my material as far as like how to

0:29:05.480 --> 0:29:10.200
<v Speaker 8>find staff, it's in the operations manual. So the operations

0:29:10.240 --> 0:29:13.800
<v Speaker 8>manual is what teaches them what to do. So that's

0:29:13.840 --> 0:29:16.640
<v Speaker 8>a whole other document which came hand in hand with

0:29:16.640 --> 0:29:17.080
<v Speaker 8>the FDD.

0:29:17.320 --> 0:29:21.240
<v Speaker 6>And once they signed that document, the FDD, they can't.

0:29:21.000 --> 0:29:22.840
<v Speaker 4>Deviate from that. Operational agreement.

0:29:23.040 --> 0:29:26.800
<v Speaker 5>No, so how how many pages is the operation?

0:29:27.240 --> 0:29:31.120
<v Speaker 3>It's about two hundred so it's five hundred pages all together. Yes,

0:29:32.000 --> 0:29:35.640
<v Speaker 3>it's like loaded the rings. So okay, so how long

0:29:35.880 --> 0:29:37.760
<v Speaker 3>how long did it take you to put together.

0:29:37.480 --> 0:29:37.920
<v Speaker 5>All of that?

0:29:38.800 --> 0:29:38.880
<v Speaker 4>So?

0:29:40.640 --> 0:29:43.680
<v Speaker 8>I mean they were prepared to put it together within

0:29:43.720 --> 0:29:47.520
<v Speaker 8>a month, but I needed more time, so it took

0:29:47.560 --> 0:29:48.800
<v Speaker 8>me about four months.

0:29:49.120 --> 0:29:51.400
<v Speaker 3>Okay, so you were did you actually write it yourself

0:29:51.480 --> 0:29:52.640
<v Speaker 3>or you just dictated it to them?

0:29:52.920 --> 0:29:54.040
<v Speaker 7>Dictated it to them?

0:29:54.080 --> 0:29:56.160
<v Speaker 5>So would you ever suggest somebody can do it them?

0:29:57.000 --> 0:29:59.600
<v Speaker 8>There's some things you don't want to do yourself. One

0:29:59.600 --> 0:30:03.360
<v Speaker 8>of those is messed with the law, So you really

0:30:03.480 --> 0:30:07.080
<v Speaker 8>get get a professional and do your research because a

0:30:07.120 --> 0:30:10.280
<v Speaker 8>lot of people rip people off just to create that document.

0:30:10.720 --> 0:30:12.680
<v Speaker 8>So you have to do your research so you know

0:30:12.720 --> 0:30:14.360
<v Speaker 8>what you're getting into, all right.

0:30:14.400 --> 0:30:17.560
<v Speaker 3>So now okay, so you have the FDD done, yes,

0:30:17.600 --> 0:30:20.040
<v Speaker 3>and then you got approved. It's how long it takes

0:30:20.040 --> 0:30:20.600
<v Speaker 3>to get approved?

0:30:20.680 --> 0:30:25.040
<v Speaker 7>So like, once it was done, I could sell and earners.

0:30:25.080 --> 0:30:25.440
<v Speaker 4>What's up?

0:30:25.560 --> 0:30:28.720
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0:30:31.880 --> 0:30:34.840
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<v Speaker 8>You need many states, Like, once it's done here you go, Kiko, Okay,

0:33:16.680 --> 0:33:17.959
<v Speaker 8>you want to open in New Jersey?

0:33:18.040 --> 0:33:20.280
<v Speaker 7>Great, but like do they have to approve it? No,

0:33:20.640 --> 0:33:23.320
<v Speaker 7>unless you go to a state like New York, California.

0:33:23.800 --> 0:33:27.320
<v Speaker 4>So you were in Montclair right to the first one.

0:33:27.440 --> 0:33:30.320
<v Speaker 7>So if in New Jersey, Jersey fortunately, right?

0:33:30.480 --> 0:33:33.840
<v Speaker 4>Yeah? Yeah, so like to put one in Brooklyn out yes? Different?

0:33:34.160 --> 0:33:36.200
<v Speaker 7>Right requires the state to approve it?

0:33:36.360 --> 0:33:39.800
<v Speaker 3>All right, Okay, so you have the you have the FDD,

0:33:40.000 --> 0:33:42.120
<v Speaker 3>then you have the operational agreement. So now you're up

0:33:42.200 --> 0:33:44.840
<v Speaker 3>and running as far as you can. Now you can

0:33:45.000 --> 0:33:48.160
<v Speaker 3>have people buy your franchise, right, but that's only have

0:33:48.280 --> 0:33:50.760
<v Speaker 3>to battle because people have to actually buy your franchise. Yeah,

0:33:50.800 --> 0:33:54.000
<v Speaker 3>so what's the process for that? How did how did

0:33:54.040 --> 0:33:56.040
<v Speaker 3>you get the word out? How did you get people

0:33:56.080 --> 0:33:57.320
<v Speaker 3>interested in buying?

0:33:57.360 --> 0:33:59.320
<v Speaker 5>Like? How did that? How was the first the first

0:33:59.320 --> 0:34:00.920
<v Speaker 5>person that brought up franchise? How did that?

0:34:01.360 --> 0:34:01.440
<v Speaker 3>So?

0:34:01.520 --> 0:34:05.080
<v Speaker 8>I had so I owned a studio in Westfield, Montclair,

0:34:05.200 --> 0:34:08.319
<v Speaker 8>in Westfield, So in Westfield, I had a manager. That

0:34:08.520 --> 0:34:12.840
<v Speaker 8>was so amazing was she was doing better than I

0:34:12.880 --> 0:34:15.600
<v Speaker 8>could have. And when I when you see talent like

0:34:15.640 --> 0:34:17.840
<v Speaker 8>that on your staff, you have to do something about

0:34:17.840 --> 0:34:21.040
<v Speaker 8>it or else they'll leave, they'll find another job. So

0:34:21.120 --> 0:34:24.319
<v Speaker 8>I knew this position like she outgrew the position. So

0:34:24.400 --> 0:34:27.439
<v Speaker 8>I talked to the company I spoke to you guys

0:34:27.480 --> 0:34:29.960
<v Speaker 8>about and I was like, how do I open up

0:34:30.000 --> 0:34:33.719
<v Speaker 8>the first one? How do I find people? And they

0:34:33.800 --> 0:34:36.480
<v Speaker 8>talked about a pizzeria that sold their first one to

0:34:36.520 --> 0:34:40.000
<v Speaker 8>their manager. They let their manager in, it was already

0:34:40.120 --> 0:34:42.239
<v Speaker 8>up and running. It would be great to start with

0:34:42.239 --> 0:34:46.280
<v Speaker 8>someone who knows the system. So I proposed that offer

0:34:46.360 --> 0:34:48.920
<v Speaker 8>to her and her husband, and she took it. So

0:34:49.120 --> 0:34:51.560
<v Speaker 8>actually she became the first franchisee.

0:34:53.160 --> 0:34:56.799
<v Speaker 6>We have a slight franchise e story, like twelve years ago,

0:34:56.840 --> 0:35:01.120
<v Speaker 6>we tried to get into a franchise. You said this

0:35:01.160 --> 0:35:02.759
<v Speaker 6>in an earlier episode, but it was like, you know,

0:35:02.840 --> 0:35:06.280
<v Speaker 6>we needed five hundred thousand, and we're like in our twenties,

0:35:07.000 --> 0:35:08.840
<v Speaker 6>how are we going to do this? But you've created

0:35:08.840 --> 0:35:11.279
<v Speaker 6>a different method for people who wanted to get into

0:35:11.280 --> 0:35:12.760
<v Speaker 6>the franchise position.

0:35:13.200 --> 0:35:13.800
<v Speaker 4>You want to talk.

0:35:13.680 --> 0:35:15.799
<v Speaker 7>About it, So, yeah, can you talk about that I'm

0:35:15.800 --> 0:35:16.560
<v Speaker 7>not gonna talk about it.

0:35:17.160 --> 0:35:19.160
<v Speaker 3>That's interesting because, like you said, a lot of France,

0:35:19.200 --> 0:35:21.120
<v Speaker 3>like McDonald's I think is the most expensive.

0:35:20.760 --> 0:35:22.600
<v Speaker 4>A million dollars to get I think.

0:35:22.640 --> 0:35:27.680
<v Speaker 3>Now it's like, right, see what I did, shout out

0:35:27.680 --> 0:35:31.800
<v Speaker 3>the homemade all right? So yeah, because it's like a

0:35:31.840 --> 0:35:33.919
<v Speaker 3>lot of these franchises like a million dollars a million

0:35:33.960 --> 0:35:36.080
<v Speaker 3>and a half, and then you have to some of

0:35:36.120 --> 0:35:38.399
<v Speaker 3>the franchise you have to buy three locations.

0:35:38.640 --> 0:35:39.720
<v Speaker 5>You can't just buy one location.

0:35:39.760 --> 0:35:42.800
<v Speaker 3>You got to have like a million dollars and investable assets,

0:35:42.840 --> 0:35:43.520
<v Speaker 3>all kinds of stuff.

0:35:43.520 --> 0:35:47.520
<v Speaker 5>It's not easy to open a franchise. So but your

0:35:47.560 --> 0:35:48.239
<v Speaker 5>your model is.

0:35:48.160 --> 0:35:51.120
<v Speaker 3>Different, right, Yes, so before we've been talking, you have

0:35:51.200 --> 0:35:54.239
<v Speaker 3>a you have a sliding scale of the price range

0:35:54.320 --> 0:35:57.560
<v Speaker 3>right anywhere from thirty to ninety correct, depending.

0:35:57.200 --> 0:35:58.480
<v Speaker 5>On geographic locations.

0:35:58.480 --> 0:35:58.920
<v Speaker 7>Exactly.

0:35:59.120 --> 0:36:01.840
<v Speaker 3>So obviously major markets is more, right in the smaller

0:36:01.880 --> 0:36:03.879
<v Speaker 3>market is less exactly because the major market is.

0:36:03.800 --> 0:36:04.800
<v Speaker 5>Going to do more business.

0:36:04.880 --> 0:36:08.000
<v Speaker 7>Yeah, and the real estate is more ye.

0:36:08.400 --> 0:36:11.720
<v Speaker 3>So all right, So but you also have an income

0:36:11.960 --> 0:36:12.920
<v Speaker 3>is it? Income based?

0:36:13.719 --> 0:36:15.680
<v Speaker 7>Income based financing.

0:36:15.400 --> 0:36:17.800
<v Speaker 5>What we like to call So can you explain that.

0:36:19.400 --> 0:36:21.120
<v Speaker 7>I'm coining it? Someone write it down?

0:36:22.760 --> 0:36:28.360
<v Speaker 8>After So basically, like I started with five hundred dollars,

0:36:28.440 --> 0:36:32.080
<v Speaker 8>I had no net worth, right, so if if someone

0:36:32.120 --> 0:36:36.000
<v Speaker 8>offered me something, they wouldn't and it would prevent me

0:36:36.040 --> 0:36:38.759
<v Speaker 8>from having the opportunity of what I've done so far.

0:36:39.239 --> 0:36:40.880
<v Speaker 8>So I kind of had that in my head, like,

0:36:41.200 --> 0:36:43.600
<v Speaker 8>just because you have a million dollars in assets doesn't

0:36:43.680 --> 0:36:47.440
<v Speaker 8>mean you're a good business owner. It really takes personality.

0:36:47.640 --> 0:36:50.080
<v Speaker 8>This is a service business, so you have to have

0:36:50.120 --> 0:36:50.879
<v Speaker 8>a personality.

0:36:50.880 --> 0:36:53.400
<v Speaker 7>You have to be able to be likable.

0:36:54.320 --> 0:36:56.640
<v Speaker 8>So there's a lot of different things that would make

0:36:56.680 --> 0:36:58.880
<v Speaker 8>you a good franchisee besides assets.

0:36:59.280 --> 0:37:05.200
<v Speaker 7>So but I says over, yeah.

0:37:03.520 --> 0:37:06.600
<v Speaker 8>So you can't have too many liabilities to get in.

0:37:06.719 --> 0:37:10.359
<v Speaker 8>But so basically it goes by person by person what

0:37:10.600 --> 0:37:13.160
<v Speaker 8>but we look for, number one.

0:37:13.040 --> 0:37:15.719
<v Speaker 7>People who are good with people. People who.

0:37:17.040 --> 0:37:20.799
<v Speaker 8>Show a healthy relationship with money. So even if you're

0:37:20.800 --> 0:37:23.279
<v Speaker 8>making I don't know what, two thousand dollars a month,

0:37:23.360 --> 0:37:27.920
<v Speaker 8>I'm exaggerating, but you're still saving for retirement five dollars

0:37:28.000 --> 0:37:31.080
<v Speaker 8>a month. That shows that you're you handle money well.

0:37:31.400 --> 0:37:33.799
<v Speaker 8>And that's the biggest thing that we look for. People

0:37:33.840 --> 0:37:37.560
<v Speaker 8>who handle money well, because if it's five dollars versus

0:37:37.640 --> 0:37:40.759
<v Speaker 8>a million dollars, It doesn't matter because you're you're going

0:37:40.800 --> 0:37:45.880
<v Speaker 8>to handle the business well. So we look at people's income,

0:37:46.360 --> 0:37:49.920
<v Speaker 8>what they currently do, are they saving, what does their

0:37:49.960 --> 0:37:53.080
<v Speaker 8>savings look like, how much can they put upfront towards

0:37:53.120 --> 0:37:56.759
<v Speaker 8>the franchise, what has been their work history, what their

0:37:56.800 --> 0:38:00.200
<v Speaker 8>passion is. We have a whole kind of checklist that

0:38:00.239 --> 0:38:03.799
<v Speaker 8>we go over and we process it and then we approve.

0:38:03.520 --> 0:38:04.279
<v Speaker 7>Them based on that.

0:38:04.400 --> 0:38:07.239
<v Speaker 8>So who's we So it's myself and I have a

0:38:07.280 --> 0:38:10.440
<v Speaker 8>team of three other people that help with the franchise

0:38:10.520 --> 0:38:11.760
<v Speaker 8>company and Dan.

0:38:11.680 --> 0:38:14.800
<v Speaker 3>You said, but you guys can assist with financing too, right, yes,

0:38:15.000 --> 0:38:16.000
<v Speaker 3>so can you talk about that?

0:38:16.120 --> 0:38:20.719
<v Speaker 8>So the franchise fee is thirty thousand dollars. However, say

0:38:20.760 --> 0:38:25.239
<v Speaker 8>you have twenty thousand, usually you would never be able

0:38:25.280 --> 0:38:27.800
<v Speaker 8>to own a franchise because you don't have enough money.

0:38:28.000 --> 0:38:30.960
<v Speaker 8>So we might finance that other ten for you depending

0:38:30.960 --> 0:38:32.399
<v Speaker 8>on the situation over time.

0:38:32.880 --> 0:38:34.560
<v Speaker 7>So the biggest thing is there's.

0:38:34.400 --> 0:38:36.600
<v Speaker 8>A pool of people who are being left out of

0:38:36.640 --> 0:38:40.759
<v Speaker 8>this whole franchise concept due to financial reasons. So we're

0:38:40.760 --> 0:38:43.920
<v Speaker 8>making it easier for people who still have potential to

0:38:43.960 --> 0:38:44.439
<v Speaker 8>get in.

0:38:45.080 --> 0:38:48.000
<v Speaker 6>And so right now you have twelve franchises, right, Yes,

0:38:48.080 --> 0:38:49.480
<v Speaker 6>eleven of them are minority own.

0:38:49.719 --> 0:38:51.279
<v Speaker 4>Yes, applause for that.

0:38:51.960 --> 0:38:55.160
<v Speaker 6>And you said that there's a certain demographic of franchises

0:38:55.160 --> 0:38:55.839
<v Speaker 6>that you're looking for.

0:38:56.120 --> 0:38:59.480
<v Speaker 4>Why millennials? What makes them the target audience.

0:38:59.160 --> 0:39:05.520
<v Speaker 8>For here another loaded question? Why millennials? Well, so, millennials

0:39:05.640 --> 0:39:08.799
<v Speaker 8>have been told by their baby booming parents, get a

0:39:08.800 --> 0:39:12.560
<v Speaker 8>good job, work there, your whole life, save for retirement,

0:39:13.160 --> 0:39:16.640
<v Speaker 8>and that's it. You're a good person. However, we know

0:39:16.719 --> 0:39:21.480
<v Speaker 8>that's not the case nowadays most people, most people. That's

0:39:21.520 --> 0:39:26.680
<v Speaker 8>why you see, speaking of Mickeyde's right, you see fifty

0:39:26.760 --> 0:39:30.479
<v Speaker 8>year old, sixty year olds working there because they don't

0:39:30.520 --> 0:39:32.879
<v Speaker 8>have enough money to live off of their retirement plan

0:39:32.960 --> 0:39:36.320
<v Speaker 8>did not carry them through. So we have these millennials

0:39:36.320 --> 0:39:40.680
<v Speaker 8>who are getting frustrated within their jobs. They've reached a

0:39:40.719 --> 0:39:44.440
<v Speaker 8>glass ceiling and they're looking for opportunities, but nothing is

0:39:44.480 --> 0:39:48.680
<v Speaker 8>there because they're solely relying on their boss supervisor to

0:39:48.719 --> 0:39:51.719
<v Speaker 8>give them a raise. So what we've started doing is

0:39:51.760 --> 0:39:56.240
<v Speaker 8>pitching for them to give themselves a raise through franchising.

0:39:57.280 --> 0:39:59.320
<v Speaker 8>And it's just a pool of people that are looking

0:39:59.320 --> 0:40:01.400
<v Speaker 8>for a way out, and we've realized these are the

0:40:01.440 --> 0:40:03.719
<v Speaker 8>people that we want, and we're going to help guide

0:40:03.760 --> 0:40:04.680
<v Speaker 8>them and show them how.

0:40:04.520 --> 0:40:05.040
<v Speaker 7>To do it.

0:40:05.719 --> 0:40:07.960
<v Speaker 3>One of the good things about franchise is that it

0:40:08.000 --> 0:40:11.680
<v Speaker 3>allows you to So somebody said, we had a guest

0:40:11.760 --> 0:40:13.799
<v Speaker 3>and he said, you saw Chris Senegal. He said that

0:40:13.840 --> 0:40:16.319
<v Speaker 3>in school, they teach you not to cheat, but in

0:40:16.480 --> 0:40:21.640
<v Speaker 3>business you get rewarded for cheating. Not cheating people, but

0:40:21.840 --> 0:40:24.399
<v Speaker 3>like cheating as far as you see what somebody else

0:40:24.520 --> 0:40:25.680
<v Speaker 3>is done and you copy.

0:40:25.400 --> 0:40:29.799
<v Speaker 5>That, right, like I should use that word copy. You

0:40:29.840 --> 0:40:31.279
<v Speaker 5>get rewarded for copying. Right.

0:40:31.960 --> 0:40:34.359
<v Speaker 3>You copy somebody's paper in class and you can keep

0:40:34.400 --> 0:40:36.719
<v Speaker 3>that at school. You copy a business and you become

0:40:36.760 --> 0:40:40.840
<v Speaker 3>a millionaire. So that's what it does, is it saves

0:40:40.880 --> 0:40:44.520
<v Speaker 3>the learning curve. And like you said, I mean, ninety

0:40:44.560 --> 0:40:46.560
<v Speaker 3>five percent of businesses failed. So if you already have

0:40:46.600 --> 0:40:50.400
<v Speaker 3>a successful business, your eyes of being successful is a

0:40:50.480 --> 0:40:53.759
<v Speaker 3>lot higher than just starting out from scratch, right. And

0:40:53.800 --> 0:40:55.960
<v Speaker 3>as you said, I mean, you have five hundred pages

0:40:56.520 --> 0:40:59.120
<v Speaker 3>of a system that's already in place as opposed to

0:40:59.200 --> 0:41:01.799
<v Speaker 3>just trying to wing it and start yourself. And it

0:41:01.800 --> 0:41:03.600
<v Speaker 3>could be very lucrative too, because you were saying, like

0:41:03.640 --> 0:41:07.200
<v Speaker 3>some of the your locations like well Over six figures. Yes,

0:41:08.160 --> 0:41:11.719
<v Speaker 3>so yeah, so those are all the pros I did

0:41:11.719 --> 0:41:18.040
<v Speaker 3>a commercial. So all right, so what's the revenue model

0:41:18.080 --> 0:41:21.000
<v Speaker 3>like as far as how do how do you make

0:41:21.040 --> 0:41:22.480
<v Speaker 3>money off of the franchise?

0:41:22.560 --> 0:41:27.000
<v Speaker 8>Right, So, we collect the franchise fees upfront or through

0:41:27.040 --> 0:41:32.080
<v Speaker 8>our income based financing program, and then we collect royalties

0:41:32.160 --> 0:41:35.520
<v Speaker 8>each month, six percent royalties off of their gross income.

0:41:35.920 --> 0:41:38.600
<v Speaker 8>So the benefit of doing a percentage is that if

0:41:38.640 --> 0:41:42.360
<v Speaker 8>they it encourages us to make sure they're making money,

0:41:42.640 --> 0:41:45.520
<v Speaker 8>because if they don't make money, our six percent is

0:41:45.680 --> 0:41:50.759
<v Speaker 8>very small. If they're being very lucrative and successful, our

0:41:50.800 --> 0:41:54.600
<v Speaker 8>six percent is much larger. So we're constantly coaching them

0:41:55.080 --> 0:41:57.120
<v Speaker 8>and helping them make more. What I like to tell

0:41:57.160 --> 0:42:00.920
<v Speaker 8>my franchisees is that they'll always make more money than me.

0:42:01.560 --> 0:42:04.320
<v Speaker 8>So it puts them in the mindset of, oh, you're right,

0:42:04.719 --> 0:42:06.719
<v Speaker 8>this is my thing. And one thing I wanted to

0:42:06.760 --> 0:42:09.839
<v Speaker 8>say is we look for people who have currently been

0:42:09.880 --> 0:42:14.160
<v Speaker 8>working for other companies as employees and putting their all

0:42:14.239 --> 0:42:18.200
<v Speaker 8>into their job, not but not getting anywhere. So it's

0:42:18.200 --> 0:42:21.120
<v Speaker 8>a mindset switch. This is the hardest thing to get

0:42:21.160 --> 0:42:23.759
<v Speaker 8>them to understand if you work just as hard for

0:42:23.840 --> 0:42:25.600
<v Speaker 8>yourself you'll make money.

0:42:26.040 --> 0:42:29.319
<v Speaker 6>It's like what you said, like their success is your

0:42:29.320 --> 0:42:30.800
<v Speaker 6>success exactly.

0:42:30.920 --> 0:42:33.600
<v Speaker 4>I mean, so how long is the agreement? How long

0:42:33.600 --> 0:42:34.240
<v Speaker 4>does that last?

0:42:34.760 --> 0:42:36.520
<v Speaker 7>It lasts for ten years?

0:42:36.640 --> 0:42:38.120
<v Speaker 4>Ten year period? Yes, okay?

0:42:38.120 --> 0:42:41.640
<v Speaker 3>And then okay, so all right, So okay, I want

0:42:41.640 --> 0:42:44.120
<v Speaker 3>to open a franchise. I meet with you, I get approved,

0:42:44.200 --> 0:42:46.560
<v Speaker 3>of course, thirty thousand. Let's say I give you thirty thousand,

0:42:47.040 --> 0:42:51.360
<v Speaker 3>and then you get some help too, though, right, like

0:42:51.400 --> 0:42:54.560
<v Speaker 3>what's the what after that? You said you provide training

0:42:54.640 --> 0:42:55.760
<v Speaker 3>and what else do you provide?

0:42:55.840 --> 0:43:00.840
<v Speaker 8>So that includes three weeks of initial training, ten years

0:43:00.960 --> 0:43:06.840
<v Speaker 8>of support, and from Monday through Friday, constant support.

0:43:07.200 --> 0:43:09.040
<v Speaker 5>What is the support like website.

0:43:08.600 --> 0:43:14.239
<v Speaker 8>Support, website support, publicity, We provide graphics for the franchises

0:43:14.280 --> 0:43:18.160
<v Speaker 8>to use. We provide the like basically every tool you

0:43:18.200 --> 0:43:21.320
<v Speaker 8>can think of with the SEO for their location.

0:43:21.480 --> 0:43:22.920
<v Speaker 4>So they're not going to Staples like you did.

0:43:23.239 --> 0:43:27.080
<v Speaker 8>They're not going to Staples. They're much more sophisticated than

0:43:27.160 --> 0:43:27.799
<v Speaker 8>I ever was.

0:43:28.440 --> 0:43:31.320
<v Speaker 3>And then as your brand grows, obviously to brand recognition,

0:43:31.400 --> 0:43:34.400
<v Speaker 3>that's the RECOGNI that's another plus of being a franchise

0:43:34.480 --> 0:43:36.440
<v Speaker 3>on it. So okay, so now I pay you the

0:43:36.440 --> 0:43:38.520
<v Speaker 3>thirty thousand. I get the shop. I'm making ten thousand

0:43:38.560 --> 0:43:41.280
<v Speaker 3>a month, I give you six hundred. I keep ninety

0:43:41.280 --> 0:43:48.000
<v Speaker 3>four hundred and that's yes, okay, all right. And then

0:43:48.000 --> 0:43:49.759
<v Speaker 3>for the people that are financed, so the people that

0:43:49.960 --> 0:43:52.400
<v Speaker 3>don't have all the money upfront that you finance or

0:43:52.440 --> 0:43:55.240
<v Speaker 3>your company finances, how do they pay you back.

0:43:55.120 --> 0:43:55.680
<v Speaker 7>Over the break?

0:43:55.960 --> 0:43:59.359
<v Speaker 8>So we work out an agreement twenty four months, thirty

0:43:59.400 --> 0:44:03.239
<v Speaker 8>two months, pins of whatever the balance is broken up

0:44:03.239 --> 0:44:06.200
<v Speaker 8>over time, so they would pay that balance and then

0:44:06.239 --> 0:44:07.440
<v Speaker 8>they would pay the six percent.

0:44:10.280 --> 0:44:12.239
<v Speaker 5>Of course, gotta do that.

0:44:12.560 --> 0:44:16.319
<v Speaker 7>It depends on the situation, all right.

0:44:17.080 --> 0:44:18.640
<v Speaker 5>So that was a good question.

0:44:20.120 --> 0:44:23.520
<v Speaker 8>Email to find out one thing.

0:44:23.640 --> 0:44:26.000
<v Speaker 3>One thing I always wondered about having like a franchise,

0:44:26.120 --> 0:44:28.800
<v Speaker 3>like even like a McDonald's who has millions of franchises

0:44:28.840 --> 0:44:31.200
<v Speaker 3>all over the world, how do you know if somebody's

0:44:31.239 --> 0:44:34.880
<v Speaker 3>like deviating from like you're sending spies in there to

0:44:35.040 --> 0:44:37.360
<v Speaker 3>like check more people, Like, how do you know like

0:44:37.800 --> 0:44:40.080
<v Speaker 3>you might have really.

0:44:40.600 --> 0:44:44.520
<v Speaker 8>We send out secret shoppers. We actually just did that

0:44:44.560 --> 0:44:49.799
<v Speaker 8>to two studios and they were there was surprised. And

0:44:49.960 --> 0:44:53.280
<v Speaker 8>also with social media nowadays, you can like we spot

0:44:53.320 --> 0:44:56.600
<v Speaker 8>stuff sometimes like bro, why are they wearing a pink

0:44:56.640 --> 0:44:58.920
<v Speaker 8>shirt when they're you're supposed to wear a black shirt.

0:44:58.920 --> 0:45:03.080
<v Speaker 8>You know, they like that, but we focus it's like

0:45:03.120 --> 0:45:04.240
<v Speaker 8>its own little department.

0:45:04.320 --> 0:45:05.279
<v Speaker 7>We focus on that.

0:45:05.360 --> 0:45:07.799
<v Speaker 3>Just making sure that Yeah. So all right, So what's

0:45:07.840 --> 0:45:10.560
<v Speaker 3>the process is like, okay, you have like you mess

0:45:10.640 --> 0:45:11.879
<v Speaker 3>up too many times and you're done.

0:45:12.120 --> 0:45:13.680
<v Speaker 7>Yes, that's also in the FDD.

0:45:14.200 --> 0:45:15.399
<v Speaker 5>Okay, restrikes, you're out.

0:45:16.640 --> 0:45:19.000
<v Speaker 7>Yeah, it's basically through yeah.

0:45:18.680 --> 0:45:20.920
<v Speaker 5>Okay, and then so you strip them up using the

0:45:21.000 --> 0:45:21.520
<v Speaker 5>name and all.

0:45:21.400 --> 0:45:24.360
<v Speaker 7>That you can. Yes, it's a point for people.

0:45:24.120 --> 0:45:26.080
<v Speaker 3>To know because it's like like I said, I mean

0:45:26.280 --> 0:45:29.120
<v Speaker 3>I didn't I don't know this stuff. So it's like

0:45:29.160 --> 0:45:32.440
<v Speaker 3>if you want to start a franchise, it's good information,

0:45:32.560 --> 0:45:34.480
<v Speaker 3>like you know, Yeah, you gotta know everything that you

0:45:34.840 --> 0:45:36.799
<v Speaker 3>need to know before you go into business because you

0:45:36.800 --> 0:45:40.399
<v Speaker 3>got to expect every possible case scenario what could possibly happen.

0:45:40.520 --> 0:45:42.520
<v Speaker 8>You have to be the type of person that is

0:45:42.600 --> 0:45:46.319
<v Speaker 8>okay with running with something that already exists. Right, you

0:45:46.360 --> 0:45:48.759
<v Speaker 8>can make it your own because there's a lot of

0:45:49.040 --> 0:45:51.600
<v Speaker 8>will go room. You can choose who you hire, you

0:45:51.640 --> 0:45:56.520
<v Speaker 8>can choose business perks that you would give your clients,

0:45:57.000 --> 0:45:59.920
<v Speaker 8>but you have to be willing to follow an existing mind.

0:46:00.400 --> 0:46:02.800
<v Speaker 8>So if you're the type of person to take something

0:46:03.000 --> 0:46:05.600
<v Speaker 8>and just completely rip it apart because you just want

0:46:05.640 --> 0:46:08.600
<v Speaker 8>to do your own thing, then franchising is not for you.

0:46:08.880 --> 0:46:13.040
<v Speaker 3>So would you consider a franchise owner as an entrepreneur

0:46:13.320 --> 0:46:14.960
<v Speaker 3>or a manager?

0:46:16.320 --> 0:46:21.880
<v Speaker 8>Good question, both, because that's essentially what we're doing. What

0:46:21.960 --> 0:46:25.520
<v Speaker 8>I do manage the locations on a higher level to

0:46:25.680 --> 0:46:29.279
<v Speaker 8>ensure that they're following our systems. So as far as

0:46:29.280 --> 0:46:31.799
<v Speaker 8>me as the franchise or I have monthly cause with

0:46:31.880 --> 0:46:35.719
<v Speaker 8>each studio, I'll fly out a few times per year

0:46:35.880 --> 0:46:39.879
<v Speaker 8>to like visibly see it. Just so the biggest thing

0:46:39.920 --> 0:46:42.640
<v Speaker 8>about my job is making sure it's just like my

0:46:42.719 --> 0:46:44.160
<v Speaker 8>little studio in Montclair.

0:46:44.640 --> 0:46:45.560
<v Speaker 7>We're all the same.

0:46:45.600 --> 0:46:48.479
<v Speaker 8>We're all because we have clients that travel from state

0:46:48.520 --> 0:46:51.879
<v Speaker 8>to state and they expect the same experience. And because

0:46:51.880 --> 0:46:55.880
<v Speaker 8>it's a service business, you know, people are very verbal

0:46:56.440 --> 0:47:00.359
<v Speaker 8>about if they're dissatisfied. But so far we've been doing

0:47:00.480 --> 0:47:03.400
<v Speaker 8>a really good job through reviews and things like that

0:47:03.960 --> 0:47:05.080
<v Speaker 8>on Google check it out.

0:47:06.080 --> 0:47:07.600
<v Speaker 3>All right, So in the next seven we're gonna go

0:47:07.719 --> 0:47:11.480
<v Speaker 3>into scaling and how you're gonna blow this thing out

0:47:11.480 --> 0:47:13.719
<v Speaker 3>of the water. All right, So now we're gonna go

0:47:13.800 --> 0:47:16.680
<v Speaker 3>into the next level of business as far as we

0:47:16.760 --> 0:47:19.239
<v Speaker 3>explain the whole process of how you got started, then

0:47:19.280 --> 0:47:22.880
<v Speaker 3>we explain how you set up the franchises. Now we're

0:47:22.920 --> 0:47:25.400
<v Speaker 3>going to talk about how you're growing the franchises, but

0:47:25.440 --> 0:47:27.600
<v Speaker 3>before we go there, so we kind of briefly talked

0:47:27.600 --> 0:47:29.319
<v Speaker 3>about it, but we didn't really fully go into it.

0:47:29.400 --> 0:47:33.880
<v Speaker 5>So you have a system in place to hire or

0:47:33.960 --> 0:47:34.760
<v Speaker 5>to work with.

0:47:34.960 --> 0:47:38.239
<v Speaker 3>Minority business owners, right, yes, for your franch Is that

0:47:38.360 --> 0:47:40.759
<v Speaker 3>something that you just do as an eye test or

0:47:40.840 --> 0:47:42.760
<v Speaker 3>is that like a system that you have in place

0:47:42.840 --> 0:47:46.160
<v Speaker 3>to kind of like like, what's it the Rooney rule.

0:47:46.000 --> 0:47:46.560
<v Speaker 5>In the NFL?

0:47:46.560 --> 0:47:49.600
<v Speaker 4>Oh yeah, yeah, they have to with that.

0:47:50.200 --> 0:47:53.040
<v Speaker 3>If anybody that's not the NFL, they have to whenever

0:47:53.040 --> 0:47:56.560
<v Speaker 3>they're hiring a general general manager, right, yeah, they have

0:47:56.600 --> 0:48:00.000
<v Speaker 3>to they have to pick an African American as one

0:48:00.120 --> 0:48:00.680
<v Speaker 3>of the candidates.

0:48:00.680 --> 0:48:01.160
<v Speaker 5>They don't have to.

0:48:01.120 --> 0:48:04.000
<v Speaker 4>Hire them anybody any minority. It could be Hispanic as well.

0:48:04.040 --> 0:48:07.480
<v Speaker 3>Okay, a minority as one of the people that they interview.

0:48:08.120 --> 0:48:10.399
<v Speaker 3>So I say that, they say, do you have something

0:48:10.440 --> 0:48:11.960
<v Speaker 3>like that in place or is it just something like

0:48:12.000 --> 0:48:13.279
<v Speaker 3>you're just actively looking for.

0:48:13.480 --> 0:48:18.759
<v Speaker 8>Yeah, so it's organically grown like that just starting from

0:48:18.800 --> 0:48:23.680
<v Speaker 8>Instagram and people like what she's a franchise or doing

0:48:23.719 --> 0:48:26.760
<v Speaker 8>more research into what I'm doing and they see someone

0:48:26.800 --> 0:48:30.880
<v Speaker 8>that looks like them. So I think that's what's helped

0:48:31.560 --> 0:48:35.440
<v Speaker 8>grow grow it so far, it's just been organic.

0:48:35.719 --> 0:48:40.399
<v Speaker 3>Because it's because I forgot the exact percentage, but it's

0:48:40.400 --> 0:48:44.640
<v Speaker 3>a very low percentage of I don't even want to

0:48:44.680 --> 0:48:47.080
<v Speaker 3>use the term minority. It's I never really liked that word.

0:48:47.200 --> 0:48:50.320
<v Speaker 3>It's just so broad ranging and it's not really completely accurate.

0:48:50.400 --> 0:48:53.640
<v Speaker 3>Different conversation for a different day. But yeah, it's for

0:48:54.120 --> 0:48:58.080
<v Speaker 3>African American, right, it's a very low percentage of African

0:48:58.120 --> 0:49:04.239
<v Speaker 3>American franchise franchisees owners and especially franchise ors.

0:49:04.520 --> 0:49:06.480
<v Speaker 7>It's like me and two other people in.

0:49:06.400 --> 0:49:09.040
<v Speaker 5>The whole country, like three people in the country. So

0:49:09.400 --> 0:49:11.040
<v Speaker 5>it's needed.

0:49:10.480 --> 0:49:16.880
<v Speaker 3>It's something that because we need more in every area,

0:49:17.000 --> 0:49:18.759
<v Speaker 3>but especially in this area as well.

0:49:19.040 --> 0:49:20.759
<v Speaker 5>Yes, I think it's a great thing that you're doing,

0:49:21.280 --> 0:49:24.160
<v Speaker 5>and yeah, kudos to you on that, thank Yeah.

0:49:24.160 --> 0:49:26.480
<v Speaker 3>Sure, So all right, so you have twelve you have

0:49:26.520 --> 0:49:29.520
<v Speaker 3>twelve locations right now, right where theyre located.

0:49:30.080 --> 0:49:35.600
<v Speaker 8>So Montclair, Westfield, New Jersey, Morristown, New Jersey, Summit, New Jersey,

0:49:35.719 --> 0:49:38.480
<v Speaker 8>do you want me to just say, well, okay, I'm

0:49:38.480 --> 0:49:46.640
<v Speaker 8>like no, it's going to take too long. New Jersey, Florida, Texas, Atlanta, Pennsylvania,

0:49:46.800 --> 0:49:49.960
<v Speaker 8>and we're working working on Nevada and Maryland.

0:49:50.160 --> 0:49:53.080
<v Speaker 3>Okay, So you have twelve right now, so your goal

0:49:53.120 --> 0:49:54.160
<v Speaker 3>is to have sixty.

0:49:53.880 --> 0:49:56.360
<v Speaker 5>Five by win five years five years? So how do

0:49:56.400 --> 0:49:58.000
<v Speaker 5>you grow from twelve to sixty five?

0:49:59.560 --> 0:50:03.960
<v Speaker 8>So far, it's just been word of mouth and just

0:50:04.000 --> 0:50:08.319
<v Speaker 8>showing happy people like success stories. It's important, Like I'd

0:50:08.400 --> 0:50:10.680
<v Speaker 8>never like to sell something that I didn't believe in,

0:50:11.360 --> 0:50:14.520
<v Speaker 8>So I'm really hard on myself my model, and I'm like,

0:50:14.840 --> 0:50:17.600
<v Speaker 8>do I believe this? Because if I don't, nobody else will.

0:50:17.960 --> 0:50:20.879
<v Speaker 8>So when I have a franchisee who's successful and they're

0:50:20.880 --> 0:50:24.120
<v Speaker 8>making money, then they post about it and then other

0:50:24.160 --> 0:50:27.840
<v Speaker 8>people get encouraged by it. So our strategy has just

0:50:27.880 --> 0:50:29.759
<v Speaker 8>been word of mouth so far.

0:50:30.560 --> 0:50:33.319
<v Speaker 4>So what type of locations are you looking for? A?

0:50:33.600 --> 0:50:34.600
<v Speaker 4>And then B.

0:50:35.080 --> 0:50:38.000
<v Speaker 6>As far as inventory, what is needed to be put

0:50:37.840 --> 0:50:40.319
<v Speaker 6>into one of your studios? I know you started with

0:50:40.680 --> 0:50:43.040
<v Speaker 6>a ball on a mat, but I know we've grown since.

0:50:43.080 --> 0:50:47.000
<v Speaker 4>Oh what type of what are the things that you need?

0:50:47.520 --> 0:50:53.439
<v Speaker 8>So? Yeah, basic operational equipment like phones, computers. We have

0:50:53.560 --> 0:50:58.759
<v Speaker 8>a retail area that consist of like we sell CBD products.

0:50:58.800 --> 0:51:04.080
<v Speaker 8>We have branded material. We have these amazing gel socks

0:51:04.280 --> 0:51:07.919
<v Speaker 8>that no other studio has that you put your foot

0:51:07.920 --> 0:51:11.480
<v Speaker 8>in and it's like squishy gel that has essential oils

0:51:11.520 --> 0:51:17.000
<v Speaker 8>and things like that. We also have mats that have

0:51:17.440 --> 0:51:21.440
<v Speaker 8>measuring systems on it, so we track clients results. So

0:51:21.840 --> 0:51:25.520
<v Speaker 8>there's another trademark, Kika stretch age. So when you come in,

0:51:25.680 --> 0:51:29.080
<v Speaker 8>we'll actually tell you how old you are flexibility wise,

0:51:30.719 --> 0:51:31.360
<v Speaker 8>and we track it.

0:51:32.120 --> 0:51:36.120
<v Speaker 6>They said I was two, that's when I discovered that.

0:51:37.239 --> 0:51:38.120
<v Speaker 7>And we track it.

0:51:38.320 --> 0:51:41.640
<v Speaker 8>So we're giving clients measurable results and that's why they

0:51:41.719 --> 0:51:46.120
<v Speaker 8>keep coming back. As far as locations storefront, it could

0:51:46.160 --> 0:51:48.839
<v Speaker 8>be second floor, the thing is, if you don't have

0:51:48.880 --> 0:51:52.040
<v Speaker 8>street level visibility, you just have to have visibility in

0:51:52.160 --> 0:51:58.800
<v Speaker 8>other ways, marketing online presence. So we teach them how

0:51:58.840 --> 0:52:02.280
<v Speaker 8>to market and be successful based on their location.

0:52:03.239 --> 0:52:04.200
<v Speaker 5>What's the pricing model?

0:52:05.200 --> 0:52:10.600
<v Speaker 8>So it ranges from fifty dollars to ninety dollars first session.

0:52:10.640 --> 0:52:12.080
<v Speaker 5>Oh so you don't do monthly memberships.

0:52:12.120 --> 0:52:15.560
<v Speaker 7>We do not do monthly membership? Is that the pass gyms?

0:52:16.600 --> 0:52:17.960
<v Speaker 4>Why the past?

0:52:18.400 --> 0:52:19.600
<v Speaker 5>Why don't you do monthly membership?

0:52:19.680 --> 0:52:20.120
<v Speaker 7>So we do.

0:52:20.360 --> 0:52:23.880
<v Speaker 8>We work on a package system, so people buy packages

0:52:23.920 --> 0:52:28.240
<v Speaker 8>of five or ten, so that's what we market pitch.

0:52:28.600 --> 0:52:30.920
<v Speaker 5>Why do you why do you why packages as opposed?

0:52:30.960 --> 0:52:33.080
<v Speaker 3>That's interesting because every gym that I've been to it

0:52:33.080 --> 0:52:33.840
<v Speaker 3>has always.

0:52:33.600 --> 0:52:35.680
<v Speaker 7>Been monthly memberships, right.

0:52:35.560 --> 0:52:38.440
<v Speaker 3>And everybody usually that the idea with the monthly subscription

0:52:38.560 --> 0:52:41.479
<v Speaker 3>is that people don't really cancel monthly things and it keeps.

0:52:41.480 --> 0:52:42.480
<v Speaker 5>It's a way if it's.

0:52:42.320 --> 0:52:44.960
<v Speaker 3>An ongoing revenue, whereas you might pay a package, it's

0:52:45.000 --> 0:52:46.919
<v Speaker 3>like one time, then I might not come back into July.

0:52:47.200 --> 0:52:49.440
<v Speaker 3>So that's interesting. Do you why do you think that

0:52:49.480 --> 0:52:51.120
<v Speaker 3>the package is better than the monthly?

0:52:51.400 --> 0:52:54.719
<v Speaker 8>So we've actually done the numbers, like with our competition

0:52:54.880 --> 0:52:58.040
<v Speaker 8>who does memberships, And so once you sell a membership,

0:52:58.480 --> 0:53:01.839
<v Speaker 8>once the person cancels done, you lost the customer. But

0:53:01.880 --> 0:53:03.960
<v Speaker 8>if you sell a package, so we sell a package

0:53:04.000 --> 0:53:07.520
<v Speaker 8>on their first visit, they come nine more times feeling

0:53:07.560 --> 0:53:09.920
<v Speaker 8>like they're just walking in the door not paying anything.

0:53:10.440 --> 0:53:13.359
<v Speaker 8>We show them measurable results in between, and then when

0:53:13.400 --> 0:53:15.600
<v Speaker 8>it's time to re up, we're like, look how far

0:53:15.760 --> 0:53:16.200
<v Speaker 8>you've gone?

0:53:16.480 --> 0:53:20.080
<v Speaker 7>Would you like to purchase another package? Yes? They become

0:53:20.080 --> 0:53:20.920
<v Speaker 7>addicted to it.

0:53:21.000 --> 0:53:25.600
<v Speaker 8>We've done the numbers and we make more than half.

0:53:26.040 --> 0:53:29.520
<v Speaker 8>We make double what the studios make when they only

0:53:29.640 --> 0:53:34.160
<v Speaker 8>solicit memberships, because yeah, go ahead, no no, So.

0:53:34.480 --> 0:53:36.239
<v Speaker 6>I'm thinking in my head, I'm trying to envision this.

0:53:36.280 --> 0:53:38.600
<v Speaker 6>So when I coin, I have an individual trainer each

0:53:38.640 --> 0:53:40.839
<v Speaker 6>session that I go yes, So like if there's how

0:53:40.840 --> 0:53:41.520
<v Speaker 6>many customers that.

0:53:41.520 --> 0:53:44.080
<v Speaker 8>You've seen at a time, and so we have the

0:53:44.239 --> 0:53:47.600
<v Speaker 8>studios have three to four rooms, so three sessions at

0:53:47.640 --> 0:53:50.439
<v Speaker 8>a time, maybe it's two on good days, it's four

0:53:50.480 --> 0:53:53.800
<v Speaker 8>sessions at a time, okay, each hour.

0:53:53.960 --> 0:53:58.040
<v Speaker 3>So okay, So psychologically they paid a fifty dollars, it's

0:53:58.080 --> 0:54:00.680
<v Speaker 3>fifty dollars for how many classes.

0:54:00.600 --> 0:54:02.880
<v Speaker 7>One per session?

0:54:03.760 --> 0:54:09.840
<v Speaker 3>Okay, so you pay, you pay two ten sessions and

0:54:09.920 --> 0:54:14.279
<v Speaker 3>you said that they don't feel like they're paying after

0:54:14.320 --> 0:54:19.880
<v Speaker 3>they paid up front. Psychologically it's less a blow for

0:54:20.120 --> 0:54:24.719
<v Speaker 3>ten weeks and as opposed to just paying every single month.

0:54:25.480 --> 0:54:27.560
<v Speaker 8>And so we've built like I built the system on

0:54:27.640 --> 0:54:30.279
<v Speaker 8>that years ago. And then when the whole membership phase came,

0:54:30.320 --> 0:54:33.480
<v Speaker 8>I questioned it. But we did surveys with all of

0:54:33.520 --> 0:54:35.760
<v Speaker 8>our clients and they're like, nahn't, I would just cancel

0:54:35.800 --> 0:54:38.440
<v Speaker 8>it at some point. So we have the same clients

0:54:38.440 --> 0:54:40.440
<v Speaker 8>that we've had for the past eight years.

0:54:40.719 --> 0:54:43.720
<v Speaker 5>So all right, but how regular do people come.

0:54:43.600 --> 0:54:44.960
<v Speaker 7>In once a week?

0:54:45.440 --> 0:54:45.760
<v Speaker 4>Okay?

0:54:45.960 --> 0:54:47.960
<v Speaker 6>So it's not a scheduled thing where I can just

0:54:48.000 --> 0:54:50.239
<v Speaker 6>come once if I do ten sessions, I can come

0:54:50.280 --> 0:54:51.080
<v Speaker 6>once a month.

0:54:50.960 --> 0:54:53.680
<v Speaker 8>Or you can schedule it how you how you want,

0:54:54.239 --> 0:54:56.480
<v Speaker 8>but we recommend that you come once a week.

0:54:56.600 --> 0:54:57.200
<v Speaker 7>In the beginning.

0:54:57.239 --> 0:54:58.279
<v Speaker 5>It's only classes.

0:54:58.600 --> 0:55:01.200
<v Speaker 7>It's one on one, no class, one on one.

0:55:01.080 --> 0:55:04.200
<v Speaker 3>On one, one on one, one instructor one person. Yes,

0:55:05.760 --> 0:55:08.360
<v Speaker 3>so what's the timeframe that you have for that?

0:55:08.600 --> 0:55:12.000
<v Speaker 8>So we do twenty five minute sessions, forty five minute sessions,

0:55:12.080 --> 0:55:14.760
<v Speaker 8>and sixty minute sessions like.

0:55:14.680 --> 0:55:15.359
<v Speaker 5>What all day?

0:55:15.840 --> 0:55:16.239
<v Speaker 7>All day?

0:55:16.520 --> 0:55:19.000
<v Speaker 6>So who is your obviously you guys are going to

0:55:19.080 --> 0:55:21.239
<v Speaker 6>grow like you're set to do this.

0:55:21.480 --> 0:55:23.000
<v Speaker 4>Who is your direct competition?

0:55:23.040 --> 0:55:25.120
<v Speaker 6>Who was coming into the space since you've been doing

0:55:25.160 --> 0:55:28.759
<v Speaker 6>it this is good? Who is who wasn't in that

0:55:28.800 --> 0:55:29.359
<v Speaker 6>space before?

0:55:29.400 --> 0:55:29.680
<v Speaker 4>Y'all?

0:55:30.840 --> 0:55:33.560
<v Speaker 8>Yeah, no one was in the space before me. People

0:55:33.600 --> 0:55:35.640
<v Speaker 8>thought I was crazy, of course, right, So there's a

0:55:35.680 --> 0:55:41.440
<v Speaker 8>company that actually flew out and approached me when we

0:55:41.480 --> 0:55:44.680
<v Speaker 8>had the fire to attempt to buy me out. What

0:55:44.840 --> 0:55:50.360
<v Speaker 8>happened was a big company. They own a cycling studio,

0:55:51.400 --> 0:55:55.640
<v Speaker 8>pilates and they were looking for stretching. So it was

0:55:55.719 --> 0:55:59.040
<v Speaker 8>me or another company, and so met with the guy.

0:55:59.160 --> 0:56:01.320
<v Speaker 7>He was like, oh, blowing away. Of course, we signed

0:56:01.320 --> 0:56:03.680
<v Speaker 7>an NDA non.

0:56:03.520 --> 0:56:09.439
<v Speaker 8>Disclosure agreement, but I was I was able to chat

0:56:09.480 --> 0:56:11.480
<v Speaker 8>with him and get in his mind about what they

0:56:11.480 --> 0:56:14.160
<v Speaker 8>were looking for as far as like acquiring a company.

0:56:14.680 --> 0:56:19.239
<v Speaker 8>So basically, the buyout was really low and they would

0:56:19.280 --> 0:56:24.160
<v Speaker 8>give you they called it an owner's salary or founding

0:56:24.200 --> 0:56:27.080
<v Speaker 8>member's salary, and that's all you would get. You would

0:56:27.120 --> 0:56:31.640
<v Speaker 8>not own the franchise company they would So of course

0:56:31.680 --> 0:56:35.640
<v Speaker 8>I declined and they went with my competitor, so we

0:56:35.800 --> 0:56:38.719
<v Speaker 8>both started scaling at the same time. And actually that's

0:56:38.800 --> 0:56:41.160
<v Speaker 8>the I just remember. That's one of the reasons I

0:56:41.239 --> 0:56:44.560
<v Speaker 8>did decide to franchise, because I saw they were about

0:56:44.600 --> 0:56:45.200
<v Speaker 8>to franchise.

0:56:45.440 --> 0:56:46.440
<v Speaker 7>So I was like, I have to.

0:56:47.040 --> 0:56:49.400
<v Speaker 6>Do you think that the offer was low due to

0:56:49.480 --> 0:56:51.280
<v Speaker 6>the fact that you're an African woman.

0:56:53.840 --> 0:56:57.200
<v Speaker 8>I was gonna say, I hope so because it was

0:56:57.239 --> 0:57:00.200
<v Speaker 8>so low like that, I can't imagine, but I have

0:57:00.280 --> 0:57:02.440
<v Speaker 8>no idea. But the fact that I would not own

0:57:02.520 --> 0:57:06.120
<v Speaker 8>the franchise is what it was like. Hmmm, nah, I

0:57:06.120 --> 0:57:07.439
<v Speaker 8>can't just receive a check.

0:57:07.800 --> 0:57:09.480
<v Speaker 5>So okay, how much was.

0:57:09.480 --> 0:57:11.759
<v Speaker 7>It two hundred and fifty a year?

0:57:13.280 --> 0:57:14.000
<v Speaker 5>That was a buyout?

0:57:14.560 --> 0:57:14.799
<v Speaker 7>Yeah?

0:57:16.000 --> 0:57:19.640
<v Speaker 5>Okay, so all right, so this is very interesting before

0:57:19.760 --> 0:57:21.600
<v Speaker 5>taxes because all right, so.

0:57:21.600 --> 0:57:23.600
<v Speaker 3>You're doing one on one, right, I've never I've never

0:57:23.600 --> 0:57:25.640
<v Speaker 3>heard of a gym that does that before. But does

0:57:25.720 --> 0:57:28.320
<v Speaker 3>that limit you as far as the grow because how

0:57:28.320 --> 0:57:29.080
<v Speaker 3>many people can you?

0:57:29.080 --> 0:57:31.760
<v Speaker 5>Actually? How mean? Like how many rooms are?

0:57:32.400 --> 0:57:35.640
<v Speaker 7>So each location has like three to four rooms?

0:57:36.520 --> 0:57:40.000
<v Speaker 3>Okay, so yeah, do you think that? Have you ever

0:57:40.040 --> 0:57:42.600
<v Speaker 3>thought about opening it up? Because like yoga, right, and

0:57:42.600 --> 0:57:45.680
<v Speaker 3>when I go to yoga, it's like twenty people forty

0:57:45.720 --> 0:57:48.720
<v Speaker 3>people sometimes like huge, and obviously the more money and

0:57:48.800 --> 0:57:51.160
<v Speaker 3>more people more people, but obviously it's better to get

0:57:51.200 --> 0:57:51.760
<v Speaker 3>one on one.

0:57:52.160 --> 0:57:52.680
<v Speaker 5>That's great.

0:57:53.800 --> 0:57:57.720
<v Speaker 3>So have you ever thought about expanding and having more

0:57:57.760 --> 0:58:00.000
<v Speaker 3>people in classes? Like actual classes?

0:58:00.360 --> 0:58:01.720
<v Speaker 7>So we, yeah, we tried.

0:58:01.920 --> 0:58:04.840
<v Speaker 8>We did the classes and then we would pitch like, oh,

0:58:04.960 --> 0:58:07.320
<v Speaker 8>try one on one session, and so people from the

0:58:07.360 --> 0:58:09.280
<v Speaker 8>class would try the one on one and never go

0:58:09.360 --> 0:58:12.760
<v Speaker 8>back to the class. It was a different experience. So

0:58:13.000 --> 0:58:18.160
<v Speaker 8>if we have four rooms that are fully booked, it's more,

0:58:18.400 --> 0:58:20.280
<v Speaker 8>if not the same amount of money.

0:58:20.080 --> 0:58:22.360
<v Speaker 7>A huge class would take in.

0:58:22.400 --> 0:58:23.280
<v Speaker 5>Because it's.

0:58:25.120 --> 0:58:26.760
<v Speaker 7>Higher price Yeah.

0:58:26.880 --> 0:58:28.960
<v Speaker 3>All right, well that's important for people to understand because

0:58:28.960 --> 0:58:30.400
<v Speaker 3>you gotta know your price points. You got to know

0:58:30.480 --> 0:58:33.000
<v Speaker 3>it's you know, it's different ways to make money, right,

0:58:33.200 --> 0:58:36.480
<v Speaker 3>It's like it's like clothes. Right, you can make money

0:58:36.520 --> 0:58:39.560
<v Speaker 3>if your Target and you're selling genes for five dollars,

0:58:40.320 --> 0:58:42.480
<v Speaker 3>or you can make money if your sex fifth and

0:58:42.480 --> 0:58:46.000
<v Speaker 3>you're selling five hundred. Exactly, you're gonna sell less pair

0:58:46.040 --> 0:58:48.800
<v Speaker 3>of genes at SAX fifth, but it's higher price points. Exactly,

0:58:48.840 --> 0:58:51.000
<v Speaker 3>You're gonna sell more pair of jeans at Target, but

0:58:51.120 --> 0:58:52.080
<v Speaker 3>it's a lower price point.

0:58:52.280 --> 0:58:55.280
<v Speaker 8>We also we let our clients share their packages with

0:58:55.360 --> 0:58:58.400
<v Speaker 8>friends and family, so the packages run out faster.

0:59:00.040 --> 0:59:04.880
<v Speaker 3>Who's the target customers? It like wealthy people hire income

0:59:05.080 --> 0:59:06.280
<v Speaker 3>probably hire income people.

0:59:06.360 --> 0:59:09.200
<v Speaker 8>Right, So we have young athletes whose parents are like

0:59:09.240 --> 0:59:11.919
<v Speaker 8>a type personalities who want their kids to be the best,

0:59:12.280 --> 0:59:13.960
<v Speaker 8>the best, the best of the best. So we have

0:59:14.200 --> 0:59:19.520
<v Speaker 8>eight year olds that come. We have busy professionals, millennials

0:59:19.840 --> 0:59:23.600
<v Speaker 8>who have great jobs, but their bodies are shutting down,

0:59:24.000 --> 0:59:24.880
<v Speaker 8>so they come to us.

0:59:24.920 --> 0:59:26.280
<v Speaker 7>And we have baby boomers.

0:59:26.320 --> 0:59:30.400
<v Speaker 8>So right now, all all the companies are focusing on millennials.

0:59:30.440 --> 0:59:32.320
<v Speaker 7>How can we engage millennials? Millennials?

0:59:32.320 --> 0:59:35.360
<v Speaker 8>I don't know why people are so obsessed with millennials.

0:59:35.440 --> 0:59:36.200
<v Speaker 7>I'm a millennial.

0:59:36.800 --> 0:59:39.240
<v Speaker 8>We're not We're cool, But I'm just saying, like, but

0:59:39.440 --> 0:59:43.680
<v Speaker 8>people have forgotten baby boomers. So we've captured that audience

0:59:43.720 --> 0:59:46.439
<v Speaker 8>with our business and now they're all, what we sell

0:59:46.560 --> 0:59:46.960
<v Speaker 8>is youth.

0:59:47.280 --> 0:59:51.200
<v Speaker 6>We sell youth, and you have something that's measurable, So

0:59:51.240 --> 0:59:52.000
<v Speaker 6>that's that's important.

0:59:52.040 --> 0:59:54.960
<v Speaker 7>So they like that, right, Well, that's dope.

0:59:55.000 --> 0:59:57.440
<v Speaker 5>That's dope. So all right, so what's next?

0:59:58.040 --> 1:00:00.560
<v Speaker 3>How can the people contact you if they want to

1:00:00.560 --> 1:00:02.400
<v Speaker 3>open up a franchise, they want to partner with you?

1:00:02.520 --> 1:00:04.800
<v Speaker 5>Added, what's the deal with all your information?

1:00:04.920 --> 1:00:08.240
<v Speaker 8>So what's next? So we're working on expanding into other states.

1:00:10.040 --> 1:00:12.560
<v Speaker 8>We're just trying to have a local Kika stretch and

1:00:12.840 --> 1:00:16.080
<v Speaker 8>major communities as a center for people to just feel good.

1:00:16.440 --> 1:00:20.960
<v Speaker 7>I wish I brought my Matt You're gonna have to

1:00:21.000 --> 1:00:21.640
<v Speaker 7>come after this.

1:00:22.440 --> 1:00:26.000
<v Speaker 8>But just basically helping to improve people's quality of life.

1:00:26.360 --> 1:00:30.360
<v Speaker 8>So being that everything is about machinery and technology, we've

1:00:30.360 --> 1:00:35.560
<v Speaker 8>forgotten the importance of human touch and humans. So we're

1:00:35.600 --> 1:00:38.760
<v Speaker 8>going to constantly provide a human experience no matter what

1:00:38.800 --> 1:00:43.919
<v Speaker 8>throughout the time of technology. You can contact me on Instagram.

1:00:44.040 --> 1:00:47.160
<v Speaker 8>Let me say it real slow. So it's Kika I am,

1:00:47.480 --> 1:00:51.080
<v Speaker 8>so k I k A I am. You can email

1:00:51.160 --> 1:00:55.720
<v Speaker 8>franchise at Kika stretch Studios dot com for more information.

1:00:56.400 --> 1:01:01.480
<v Speaker 8>And we're just looking to change lives, really closing the

1:01:01.520 --> 1:01:07.120
<v Speaker 8>gap and just helping people gain generational wealth starting with

1:01:07.240 --> 1:01:07.800
<v Speaker 8>us today.

1:01:10.240 --> 1:01:13.640
<v Speaker 5>Thank you, thank you for coming housekeeping.

1:01:13.760 --> 1:01:15.560
<v Speaker 6>Yeah yeah, I wanted to give a big shoutut to

1:01:15.560 --> 1:01:17.800
<v Speaker 6>everybody on Patreon. Y'all know that that's our proud to

1:01:17.840 --> 1:01:20.680
<v Speaker 6>pay program. We had some new members. Shout out to

1:01:20.720 --> 1:01:23.280
<v Speaker 6>Patrick Chad, Shout out to the Marcus. He joined in

1:01:23.360 --> 1:01:26.040
<v Speaker 6>at tier five. Uh so we're gonna be talking to

1:01:26.080 --> 1:01:27.959
<v Speaker 6>him a few times this mom. Shout out to David

1:01:27.960 --> 1:01:31.360
<v Speaker 6>and Kimberly and Sheffield out in DC Chef. We let

1:01:31.360 --> 1:01:33.400
<v Speaker 6>you in on a on a few secrets of things

1:01:33.400 --> 1:01:34.920
<v Speaker 6>that we got coming up. So shout out to you.

1:01:35.760 --> 1:01:39.640
<v Speaker 6>So Patreon dot com Backslasharial Leisure. You can join at

1:01:39.640 --> 1:01:42.160
<v Speaker 6>any tid you'd like. It's five different tiers and like

1:01:42.200 --> 1:01:44.600
<v Speaker 6>I said, it's just a way to support the podcast

1:01:44.640 --> 1:01:47.280
<v Speaker 6>financially so that we can do things like travel to

1:01:47.360 --> 1:01:50.280
<v Speaker 6>cities and do more of our Hometown Hero series that

1:01:50.320 --> 1:01:52.640
<v Speaker 6>we that we recently released out to everybody that's person

1:01:52.720 --> 1:01:55.760
<v Speaker 6>that emerged guys asked us to our liabilities as on

1:01:55.800 --> 1:01:59.320
<v Speaker 6>our number one shirt. I think I got the podcast shirt,

1:01:59.320 --> 1:02:00.560
<v Speaker 6>So thank you everybody that's been.

1:02:00.480 --> 1:02:02.320
<v Speaker 3>Supporting merch and we got some new merch coming out

1:02:02.320 --> 1:02:05.200
<v Speaker 3>as well. And also on YouTube, make sure you subscribe

1:02:05.200 --> 1:02:08.760
<v Speaker 3>to our YouTube, iTunes channel and LinkedIn. Also we just

1:02:08.760 --> 1:02:12.480
<v Speaker 3>got on LinkedIn, so connect with us on LinkedIn, so

1:02:12.520 --> 1:02:17.280
<v Speaker 3>we are on all social media platforms now, Facebook, Twitter, Instagram,

1:02:17.360 --> 1:02:20.920
<v Speaker 3>and LinkedIn. And the book. The book tip of this

1:02:21.000 --> 1:02:24.480
<v Speaker 3>week will be the book that changed your life, The

1:02:24.520 --> 1:02:28.240
<v Speaker 3>e Myth Revisited and that's the book that you told

1:02:28.320 --> 1:02:31.960
<v Speaker 3>us where you started firing yourself. So yeah, check it out.

1:02:32.520 --> 1:02:33.880
<v Speaker 3>Thank you guys to Rock and West. We'll see you

1:02:33.960 --> 1:02:34.320
<v Speaker 3>next week.

1:02:34.320 --> 1:02:37.520
<v Speaker 4>Pease, pease, you.

1:02:37.560 --> 1:02:41.960
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