The Remote Local Podcast: Financial & Location Freedom

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The Remote Local Podcast lets you dive into the minds of two 7-figure entrepreneurs, Neel Parekh and David Lahav, who have figured out how to run their LOCAL businesses completely remotely and travel the world. We talk about all things that are at the in

Neel Parekh


    • May 15, 2025 LATEST EPISODE
    • weekly NEW EPISODES
    • 23m AVG DURATION
    • 198 EPISODES


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    Latest episodes from The Remote Local Podcast: Financial & Location Freedom

    197. From Franchise Burnout to a Meaningful Childcare Business with Jay Shah of Marigold Academy

    Play Episode Listen Later May 15, 2025 28:24


    In this episode, Neel sits down with Jay Shah, a former Dunkin Donuts franchisee who transitioned into the childcare industry by founding Marigold Academy. Jay shares his journey from the corporate grind to purpose-driven entrepreneurship, emphasizing the importance of early childhood education. He discusses the business model of Marigold Academy, the balance between passion and profitability, and the significance of building a supportive culture for teachers. Jay also highlights the ideal franchisee profile and the future growth plans for Marigold Academy.TakeawaysJay transitioned from Dunkin Donuts to childcare inspired by his daughters.Childcare is a high-demand industry with strong unit economics.Passion should be balanced with profitability in business.Surrounding yourself with mentors is crucial for success.Creating a positive culture helps retain quality teachers.Marigold Academy focuses on advanced curriculum for early education.Childcare can provide predictable recurring revenue.The ideal franchisee often comes from a corporate background.Operational complexity can impact business satisfaction.Jay emphasizes the importance of giving back to aspiring entrepreneurs.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh Find out more about Jay and Marigold Academy: ➙ Website: https://marigoldacademy.com/➙ LinkedIn: https://www.linkedin.com/company/marigold-academy➙ Facebook: https://www.facebook.com/marigoldacademyfranchise

    196. How Do I Know If Should Leave My 9-5, Or Stay Put? with Neel Parekh

    Play Episode Listen Later May 9, 2025 20:21


    Neel and Stephen delve into the complexities of franchising and entrepreneurship, exploring the challenges faced by potential franchisees, the mindset required to transition from a traditional 9 to 5 job, and the evolving nature of franchising in today's digital age. They discuss the importance of understanding one's fit for entrepreneurship, the perception of risk, and the necessity of taking action in business decisions.TakeawaysNot everyone is suited for entrepreneurship; many glorify it without understanding the risks.Franchising has evolved, and traditional methods may not be effective anymore.The perception of risk in leaving a 9 to 5 can be misleading; it's often riskier to stay in a job.Information is cheap, and the value of franchising lies in support and systems, not just information.People often seek certainty in entrepreneurship, which is inherently uncertain.Taking action is crucial; a bad decision can provide valuable data, while inaction leads to stagnation.The mindset around money and risk can significantly impact decision-making in business.Franchising should focus on innovation and speed to stay relevant in the market.Understanding one's financial situation can influence their approach to franchising.The journey of entrepreneurship can lead to greater self-confidence and independence. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh

    195. 17 Killer Business Ideas You Can Steal Today From Neel Parekh

    Play Episode Listen Later May 1, 2025 20:10


    In this conversation, Neel discusses various innovative business ideas and models that can be operated remotely or with low overhead. He emphasizes the importance of understanding customer needs and the potential for high-margin services in local markets. From mobile repair services to remote cleaning businesses, and even unique concepts like diaper pickup services, Neel explores the landscape of entrepreneurship and the opportunities available for those willing to think outside the box. He also touches on the significance of automation and training global talent to enhance business operations.TakeawaysMobile repair services can cater to high-end car owners.Remote cleaning businesses can generate consistent cash flow.Local newsletters can replace traditional newspapers with low overhead.High ticket services like landscape lighting can yield significant profits.Subscription models for diaper pickup services are gaining traction.Dog poop cleanup services can be profitable in dense neighborhoods.Drone window washing could disrupt traditional cleaning methods.Man cave setup services can cater to niche markets.Training global talent is essential for successful outsourcing.Automation can streamline operations for small businesses.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh

    194. The Dirty Secret of Franchising & Life Bank Account, an interview with Neel

    Play Episode Listen Later Apr 24, 2025 29:37


    In this conversation, Neel delves into the impact of coaching on entrepreneurship, exploring the life bank account concept, and discussing the nuances of digital nomadism. He shares insights on franchising, including its challenges and misconceptions, while also reflecting on cultural experiences in Rwanda. The importance of time management and lessons learned from travel are emphasized, particularly in relation to safety and awareness.TakeawaysSuccessful entrepreneurs often benefit from coaching.The life bank account concept emphasizes valuing time.Digital nomadism has evolved over the years.Franchising is not just an extension of a business.Initial franchise fees are not profit centers.Rwanda offers a unique cultural experience for travelers.Time management is crucial for productivity.Travel experiences can teach valuable life lessons.Safety awareness is essential when traveling.Franchising requires a different mindset than traditional business.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh

    193. The $2M Scoop: Building a Business from the Ground Up with William Milliken CEO of Swoop Scoop

    Play Episode Listen Later Apr 16, 2025 22:59


    In this episode, Neel Parekh interviews William Milligan, the CEO and co-founder of SwoopScoop, a successful dog poop cleanup business that has grown to over $2 million in revenue in just four years. William shares his journey from digital marketing to entrepreneurship, explaining the unique business model of subscription-based dog waste removal. He discusses operational efficiencies, marketing strategies, and the challenges of seasonality in the business. Additionally, William introduces the Poop Scoop Millionaire community, aimed at helping others start their own poop scoop businesses. The conversation provides valuable insights into entrepreneurship, marketing, and the pet service industry.takeawaysWilliam transformed a simple idea into a $2 million business.The business model is subscription-based for dog waste removal.Operational efficiency allows one person to service 30 yards a day.Marketing strategies include Facebook ads and vehicle wraps.Seasonality affects business, with summer being the slowest time.Starting a poop scoop business can be done with minimal investment.Offering free trials can help acquire initial customers.The Poop Scoop Millionaire community supports aspiring entrepreneurs.Scaling the business involves managing employees and operations.The industry is emerging with potential for solopreneurs.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekhFind out more about Swoop Scoop:➙ Website: https://swoopscoop.com/➙ Community: https://www.skool.com/poop-scoop-millionaire/about ➙ YouTube: https://www.youtube.com/@Scoop-Start

    192. Family Travel & Remote Work: How Eric Dingler Built a Nomadic Life with His Kids

    Play Episode Listen Later Apr 9, 2025 26:54


    In this episode, Neel chats with Eric Dingler, a digital nomad who travels full-time with his family. They discuss Eric's journey from the US to becoming a full-time traveler, the challenges and joys of world schooling their children, and the unique dynamics of raising kids in a nomadic lifestyle. Eric shares insights on the costs associated with this lifestyle, the importance of family bonds, and how they navigate social interactions as a traveling family. The conversation also touches on the resources available for families considering a similar lifestyle.TakeawaysEric has been traveling full-time for over three years with his family.They world school their children, leveraging their travel experiences for education.The confidence of their children has significantly increased through their travels.Eric emphasizes the importance of family bonds in a nomadic lifestyle.They have learned to adapt their budget based on the country they are in.Traveling with older children allows for more independence and ease.Community is easily found through church connections wherever they go.The cost of living as a digital nomad can be manageable with proper budgeting.AI tools enhance their travel experiences and learning opportunities.Eric and his wife have separate podcasts focusing on different aspects of their lifestyle.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekhFind out more about Eric, his family and their adventures:➙ Website: https://intransitstudios.com/ ➙ LinkedIn:https://www.linkedin.com/in/ericdingler/ 

    191. Does Big Business Equals to More Freedom? [Dan Andrews, Host of Tropical MBA Interviewing Neel]

    Play Episode Listen Later Apr 2, 2025 52:34


    In this episode, Neel discusses his journey as the founder of MaidThis, in Tropical MBA podcast with Dan Andrews.He shares insights on entrepreneurship, the importance of time management, and the challenges of franchising. Neel emphasizes the significance of foundational work, motivation, and accountability in achieving business success. He also explores the balance between lifestyle entrepreneurship and business growth, revealing how scaling a business can lead to greater freedom. The conversation delves into the financial dynamics of franchising and the long-term commitment required to build a successful brand. In this conversation, the speakers delve into the intricacies of the franchise model, particularly in the cleaning industry. They discuss the long-term nature of franchising, the importance of vetting franchisees, and the financial expectations involved. The reliability of the cleaning business model is highlighted, along with the concept of the 'Old Man River' approach to wealth, emphasizing the durability and simplicity of established businesses. The conversation concludes with insights on balancing hustle and lifestyle in entrepreneurship.TakeawaysNeel emphasizes the importance of time compression in entrepreneurship.Investing time at the beginning of a business can lead to faster growth.Accountability and community support are crucial for maintaining motivation.Foundational work in business has compounding effects on success.Building a personal brand can significantly impact lead generation.Franchising requires significant upfront investment and long-term commitment.The initial fees in franchising often cover operational costs rather than profits.Lifestyle entrepreneurs may find more freedom as their businesses grow.Hiring skilled team members becomes easier with business growth.Understanding the financial dynamics of franchising is essential for success. Franchising is a long-term play, not a quick cash business.The franchise model allows for easier expansion compared to self-owned locations.Vetting franchisees is crucial for success; motivation and culture fit are key.Financial expectations must be set realistically for new franchisees.The cleaning industry has a low business model risk, making it a reliable choice.Success rates in franchising are generally higher than starting a business from scratch.Investing in a franchise often leads to greater motivation and commitment.The 'Old Man River' approach emphasizes building durable, established businesses.Entrepreneurs can find excitement in improving and scaling existing businesses.Balancing hustle with lifestyle is essential for sustainable entrepreneurship.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFind out more about Tropical MBA:➙ Website: https://tropicalmba.com/episodes

    190. From Business Management to $3M Senior Care Franchises with Charles Thurston of Wisdom Senior Care

    Play Episode Listen Later Mar 26, 2025 22:29


    In this episode, Neel chats with Charles Thurston, COO of Wisdom Senior Care, discussing the intricacies of the in-home senior care industry. Charles shares his journey from business management to franchising, the differences between non-medical and medical care, effective marketing strategies targeting both seniors and their children, the challenges of finding and training caregivers, and insights into the financial aspects of running a senior care franchise. The conversation highlights the personal nature of senior care and the importance of building trust with clients.Takeaways- Wisdom Senior Care has been operating since 2006.- Non-medical care includes companionship, bathing, grooming, and meal preparation.- Marketing strategies have shifted to target the children of seniors.- Building relationships with clients is crucial in senior care.- Training caregivers is essential for quality service delivery.- The in-home care model faces challenges in labor recruitment and retention.- Franchisees must learn to network effectively in their communities.- The average revenue for a senior care franchise can reach up to $3 million.- Long-term relationships with clients can lead to sustained business growth.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFollow Charles and Wisdom Senior Care:➙ LinkedIn: https://www.linkedin.com/in/charles-thurston-cfc/ ➙ IG: https://www.instagram.com/charlesthurston_/# ➙ Facebook: https://www.facebook.com/charles.thurston.71

    189. Building a Natural Hair Removal Empire Through Franchising with Danielle Correa of SugaringLA

    Play Episode Listen Later Mar 19, 2025 25:06


    In this episode, Neel interviews Danielle Correa, the CEO and founder of SugaringLA. Danielle shares her journey from discovering the ancient hair removal technique of sugaring to building a successful franchise with multiple locations. She discusses the importance of organic products, the challenges of marketing, and her decision to franchise as a growth strategy. Danielle emphasizes the significance of freedom in her life and business, and how she aims to empower others through her franchise model.takeawaysSugaring is an ancient hair removal technique modernized for all skin types.Danielle's journey began with a passion for organic products and skin care.Word of mouth was crucial for building her initial clientele.Franchising became a viable option after the challenges posed by COVID-19.Marketing strategies evolved from organic growth to digital and community engagement.Danielle emphasizes the importance of hiring for roles she doesn't enjoy.Franchising requires a solid support system for franchisees.Education about sugaring is key to attracting new clients.The startup cost for a franchise ranges from $290,000 to $390,000.Diversifying income streams keeps business exciting and sustainable.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFollow Danielle and her journey:➙ Website: https://www.sugaringla.com/ ➙ LinkedIn: https://www.linkedin.com/in/danielle-sugaringla?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app➙IG: https://www.instagram.com/sugaringla?igsh=NTc4MTIwNjQ2YQ==:

    188. Starting With $7 And Building A $1 Billion Real Estate Portfolio, An Interview With Vinney ‘Smiles' Chopra

    Play Episode Listen Later Mar 12, 2025 24:05


    In this episode, Vinny Chopra shares his inspiring journey from arriving in the U.S. with just $7 to building a real estate empire worth over a billion dollars. He discusses the importance of syndication, leveraging debt, and the various strategies for achieving financial freedom through real estate investments. Vinny emphasizes the significance of education and mindset in the investment process, and introduces the concept of residential assisted living as a lucrative opportunity in the current market. He also provides insights on asset allocation and the balance between active and passive investing.TakeawaysVinny Chopra built a real estate empire with over a billion dollars.The key to success in real estate is understanding syndication and fund management.Mindset is crucial for achieving financial goals.Investing in multifamily properties is a strong strategy for beginners.Leverage is essential; never pay cash for a deal for too long.Passive investing through syndication can be a great way to build wealth.Education is vital for making informed investment decisions.Residential assisted living presents a significant opportunity in the current market.Diversifying investments across different asset classes is important.Enjoying life and making memories is as important as building wealth.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFollow Vinney and his journey:➙Website: https://vinneychopra.com/ ➙ LinkedIn: https://www.linkedin.com/in/vinney-smile-chopra/ ➙ IG: https://www.instagram.com/vinneychopra/?hl=en

    187. How to Buy a Private Island in Rwanda, with Kerry-Ann & Patrick of Twin Lakes Recreational Island

    Play Episode Listen Later Mar 5, 2025 37:34


    This new and different episodes is with Kerry-An and Patrick Masozera, who purchased Twin Lakes Recreation Island in Rwanda. They share their motivations for making a significant impact in the community, the challenges they faced upon arrival, and the innovative programs they have implemented to support local residents. The discussion also touches on their lifestyle design choices, the importance of purpose in their work, and their vision for the future, including expanding their impact beyond Rwanda.TakeawaysThe journey to owning an island was driven by a desire to make a positive impact.Community engagement is essential for successful humanitarian efforts.Real challenges on the ground often differ from theoretical plans.Building relationships with locals fosters trust and collaboration.Innovative programs can significantly improve local livelihoods.Lifestyle design choices can enhance family life and personal fulfillment.Purpose-driven work leads to greater satisfaction and impact.Creating jobs is more sustainable than traditional charity models.The vision for the future includes expanding beyond Rwanda.Legacy building is a key motivation for their work. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh

    186. Building a $1.5M/yr Cleaning Biz in a Town of 50,000, with Stephanie Pipkin of Serene Clean

    Play Episode Listen Later Feb 26, 2025 30:55


    In this episode of the Freedom Formula podcast, Neel Parekh chats with Stephanie Pipkin, the owner of Serene Clean, a successful cleaning business that generated over $1.5 million in revenue within five years. Stephanie shares her journey of growth, the importance of community marketing, and the differences between commercial and residential cleaning. She emphasizes the significance of building relationships, leveraging local influencers, and maintaining strong core values in business. The conversation provides valuable insights for aspiring entrepreneurs in the cleaning industry.Takeaways Stephanie Pipkin grew her cleaning business to $1.5 million in five years. Commercial cleaning can be just as profitable as residential cleaning. Building relationships with clients can lead to commercial opportunities. Community marketing and local influencers are key to gaining traction. Having a strong online presence is crucial for attracting clients. Sales strategies should include in-person visits and networking. Understanding the specific needs of commercial clients is essential. Hiring the right people is critical for business growth. Standardization and checklists help maintain quality and efficiency. Embodying core values can lead to a positive company culture.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFollow Stephanie and her journey: ➙ Podcast: https://www.youtube.com/@ZenMaid➙ Website: https://serene-clean.com/consulting-services/

    185. Scaling a Drug Screening Franchisor to 230 Locations, with John Smith from Fastest Lab Franchise

    Play Episode Listen Later Feb 19, 2025 28:45


    In this episode of the Freedom Formula podcast, Neel chats with John Smith, the executive director of Fastest Labs, a drug, alcohol, and DNA testing lab franchise. John shares his journey from being a franchisee to becoming a franchisor, discussing the importance of sales in franchise success, the risk and reward of entrepreneurship, and how to manage a large franchise network. He emphasizes the hustle mentality required for franchisee success and the need for a strong personal connection, even as the franchise grows. The conversation provides valuable insights into the franchising business model and the qualities that make a successful franchisee.TakeawaysJohn transitioned from franchisee to franchisor, highlighting his journey.Fastest Labs operates on a B2B model, partnering with employers for drug testing.Sales skills are crucial for franchisees to succeed in the business.Risk is inherent in entrepreneurship, and rewards come from taking risks.Managing a large franchise network requires systems and processes.Successful franchisees often have a hustle mentality and a desire to grow.Franchising can be a less risky alternative to starting a business from scratch.Personal relationships with franchisees become challenging as the network grows.Technology can help manage larger franchise operations effectively.Franchisees should align their business goals with their personal aspirations.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFollow John and his journey: ➙ Website: ⁠https://www.fastestlabs.com/#~126e64de-e921-4f0d-9c7c-19d3229b74e5  ➙ https://www.fastestlabs.com/own-a-franchise➙ LinkedIn: ⁠https://www.linkedin.com/in/johnsmith132/➙ X: @jsmith_3x  https://x.com/jsmith_3x

    184. Building a $2M Business from the Ground Up with Ian Hecht from Dumpster Rental Enterprises

    Play Episode Listen Later Feb 12, 2025 26:32


    Neel sits down with Ian Hecht, the founder of a successful dumpster rental business that generates over $2 million annually. Ian shares his journey from the entertainment industry to entrepreneurship, discussing the challenges and strategies involved in building a local business. The conversation covers topics such as transitioning from SEO services to managing dumpster rentals, marketing strategies, customer service, and the potential of AI in enhancing business operations. Ian emphasizes the importance of resilience, commitment, and the need for effective marketing in a competitive landscape. Takeaways - Ian transitioned from the entertainment industry to entrepreneurship. - He identified a niche in the dumpster rental market. - The business model involves handling customer service and partnering with local providers. - Going full-time significantly increased revenue for Ian's business. - SEO is a primary marketing strategy for generating leads. - Customer service is a key differentiator in the dumpster rental industry. - AI is being integrated into customer service operations. - Building relationships through offline marketing is crucial. - Margins in the dumpster rental industry are slim, with 80-85% going to contractors. - Simplicity in business operations can lead to greater efficiency.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights:➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠➙ Instagram: ⁠⁠@neelbparekh⁠⁠➙ X (Twitter): ⁠⁠@neelbparekhFollow Beau and his journey: ➙ Website: ⁠https://iannash.co/ ➙ Instagram: ⁠https://www.instagram.com/ian➙ X: ⁠https://x.com/iannashco

    183. The Golden Triangle of Real Estate, Biz Ownership, and Tax Write-offs, with Beau Eckstein of Business Ownership Coach

    Play Episode Listen Later Feb 5, 2025 33:11


    In this episode, Neel chats with Beau Eckstein, a franchise consultant and SBA lender, who shares his journey into the world of franchising and entrepreneurship. Beau discusses the importance of understanding the franchise landscape, the Triangle Method for tax strategies, and the realities of business ownership versus passive income models. He emphasizes the need for aspiring entrepreneurs to assess their skills and lifestyle preferences when considering franchise opportunities. The conversation also touches on real estate investment strategies and the impact of AI on business operations. Takeaways Beau's mission is to help 100,000 entrepreneurs succeed. Franchising requires active involvement, not just investment. Understanding tax strategies can enhance business ownership benefits. Top line revenue is misleading; focus on net income. Everyone can own a small business with the right mindset. Hustling for the first year is crucial for success. 68% of millionaires are business owners, highlighting the importance of entrepreneurship. Investing in businesses with real estate can be a smart strategy. AI technology can significantly improve business efficiency. Now is a great time to start a business with available resources. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Beau and his journey: ➙ Website:  ⁠https://businessownershipsummit.com/  & https://beaueckstein.com/  ➙ LinkedIn: https://www.linkedin.com/in/beaueckstein/  ➙ Podcast: https://www.youtube.com/@investorfinancingpodcast 

    182. The 4 C's to Scaling Your Local Business, with Amber Gaige, Founder of Far Beyond Marketing

    Play Episode Listen Later Jan 29, 2025 21:37


    In this episode, Neel chats with Amber Gaige, a fractional CMO and marketing expert, who shares her journey from growing up in a family business in the trades industry to becoming a successful entrepreneur. Amber discusses the challenges and opportunities within the trades, the importance of effective marketing strategies, and introduces her 4 C's framework for business growth. She emphasizes the significance of guerrilla marketing for local businesses and the necessity of niching down to scale effectively. The conversation concludes with Amber sharing resources for entrepreneurs looking to enhance their marketing efforts. Takeaways Amber Gaige grew up in a family business in the trades industry. Entrepreneurship often feels like a calling for those raised in it. The Four C's of effective marketing are essential for business growth. Clear copy, consistent branding, understanding customer demographics, and channel management are the Four C's. Guerrilla marketing is crucial for local businesses to build community relationships. Niche down to scale up your business effectively. Online branding is foundational but should complement local marketing efforts. Customer service is key to making clients feel valued and special. Upselling existing customers is more cost-effective than acquiring new ones. Amber's resources are designed to empower entrepreneurs with practical marketing tools. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Amber and her journey: ➙ Website:  www.farbeyondmarketing.com ➙ LinkedIn: https://www.linkedin.com/in/marketing-strategy-coaching-ambergaige/ ➙ Book: The Far Beyond Marketing Guidebook by Amber Gaige

    181. From Private Equity to Franchising Success [Collin Interviewing Neel]

    Play Episode Listen Later Jan 22, 2025 21:36


    In this episode, Neel shares his journey from working in private equity to becoming a successful franchise owner of MaidThis, in The Business Blitz Podcast with Collin Rutherford. He discusses the unique challenges and opportunities of franchising, the importance of marketing strategies for client acquisition, and the dynamics of hiring and managing a remote team. Neel emphasizes the need for reliability, communication, and attitude in employees, and shares insights on the costs associated with starting and running a franchise. He also highlights the significance of both digital and community marketing in building a sustainable business. Takeaways Franchising is fundamentally a different business model than traditional business expansion. Traveling while running a business requires strategic planning and time zone management. Initial growth in franchising can be slow, but persistence pays off. Understanding the legal and financial aspects of franchising is crucial for success. Ongoing costs in franchising can be significant and should be carefully managed. Digital marketing is essential, but community marketing can yield more loyal customers. SEO takes time to develop, and competition varies by location. Hiring for attitude and reliability is more important than just cleaning skills. Offshore hiring can provide unique advantages in terms of talent and cost. Building a strong brand presence is key to attracting both franchisees and customers. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Collin and his podcast: ➙ Instagram: https://www.instagram.com/collin_rutherford/?hl=en ➙ Podcast: https://youtube.com/playlist?list=PLuFqjWu7W1BfF4RcfBvT8qksYTGyKGh0p&feature=shared

    180. From Code to Cocktails: Travel Adventures, Culinary Ventures & Startup Lessons with Scott Brills

    Play Episode Listen Later Jan 15, 2025 33:49


    In this episode, Neel chats Scott Brills, an adventure capitalist and entrepreneur who has built a lifestyle around travel and adventure. Scott shares his journey from web development to creating businesses focused on adventure travel, culinary experiences in Japan, and tea entrepreneurship. He discusses the importance of following one's passions, the challenges of building a business in the travel industry, and the lifestyle he has cultivated as a digital nomad. Scott shares his experiences balancing travel and entrepreneurship, discussing the importance of having a home base while pursuing business goals. He reflects on his journey through various business models, the risks he takes, and the adventures he embarks on. The chat emphasizes the value of skills over material possessions and how true freedom comes from the ability to generate income through one's own capabilities. Scott recounts an epic adventure in Ethiopia, highlighting the lessons learned from taking risks and the normalization of such experiences in his life. Takeaways Scott Brills is an adventure capitalist who travels extensively. He runs a safari business in Tanzania and a culinary tour company in Japan. Scott's journey into adventure travel was not premeditated but rather a series of opportunities. He emphasizes the importance of following one's passions in business. Scott's first business was in web development, which allowed him to travel. He believes in living life fully rather than waiting for retirement. Scott's lifestyle involves traveling for business and pleasure, often in different countries. He has learned to balance travel with business growth over the years. Networking and building relationships have been key to his success. Scott's story illustrates the potential of turning passions into profitable ventures. It's good to have more of a home base. Entrepreneurship involves a lot of trial and error. Risk-taking can lead to new adventures. Investing in yourself provides more freedom. Material possessions often hold less value than we think. Travel experiences shape our understanding of risk. Skills are more important than financial freedom. Adventures can be both fun and scary. The thrill of the hunt can be more rewarding than the items collected. Life lessons often come from unexpected situations. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Scott and his journey: ➙ LinkedIn: https://www.linkedin.com/in/scottbrills/ ➙ Website:  https://pamojasafaris.com and https://scottbrills.com ➙ X: https://x.com/scottbrills ➙ Instagram: https://www.instagram.com/scottbrills/ ➙ Facebook: https://www.facebook.com/scottmbrills

    179. Building a Cultural Icon: The Broken Yolk Experience, with John Gelastopoulos

    Play Episode Listen Later Jan 8, 2025 20:56


    In this episode, Neel interviews John Gelastopoulos, CEO of Broken Yolk Cafe, who shares his inspiring immigrant story and the journey of building a successful restaurant chain. John discusses the risks he took to buy the restaurant, the importance of customer service, and how he created a cultural icon in San Diego. He emphasizes the significance of treating people well and the value of relationships in business, while also sharing insights on goal setting and embracing risks in entrepreneurship. Takeaways John arrived in the U.S. with only $20 in his pocket. He worked multiple jobs to support his family while pursuing his dreams. Buying Broken Yolk Cafe was a significant risk, financed through credit cards. The restaurant's success is attributed to its focus on customer service and fresh food. Creating a welcoming atmosphere helped establish Broken Yolk as a cultural icon. John's strategy involved inviting friends and family to the restaurant to build momentum. He believes in treating people well and investing in relationships. Franchising was not initially planned but came as a result of demand. John emphasizes the importance of happiness for his family and employees as a goal. He encourages young entrepreneurs to take risks and view failures as learning experiences. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow John and the Broken Yolk Cafe: ➙ Instagram: @brokenyolkcafe ➙ Website: https://www.thebrokenyolkcafe.com/

    178. Quitting a 6-Figure Salary to Become a Digital Nomad, with Fractional CMO Brian O'Connor

    Play Episode Listen Later Dec 18, 2024 34:21


    In this episode, Neel sits down with Brian O'Connor, a digital nomad and fractional CMO, who shares his journey from management consulting at Deloitte to building his own businesses. Brian discusses the pivotal moments that shaped his career, including the emotional impact of consulting on small business owners and the frameworks that guide decision-making. He also reflects on the challenges of leaving a stable corporate job and the importance of maintaining financial discipline while pursuing entrepreneurial goals. The conversation culminates in Brian's current work with Talent HQ, where he helps businesses navigate their marketing strategies. In this conversation, Brian O'Connor discusses the intricacies of building a marketing ecosystem, the importance of effective talent management, and his experiences living a nomadic lifestyle across Latin America. He emphasizes the need for businesses to create supportive environments for talent to thrive and shares insights on navigating the competitive landscape of talent recruitment. Brian also reflects on his strategic approach to business in the context of emerging technologies like AI, and the value of building trust within communities. The conversation concludes with Brian's thoughts on sustainable travel and personal growth. Takeaways Brian's transition from corporate consulting to entrepreneurship was driven by a desire to make a meaningful impact. The emotional weight of business decisions is often heavier for small business owners than for corporate executives. Consultants provide valuable frameworks that help businesses make informed decisions. Narrowing down target markets can lead to clearer strategies and better traction. Lifestyle creep can hinder financial freedom and entrepreneurial pursuits. Understanding the difference between strategy and tactics is crucial for business success. Building an audience on social media can open doors to new opportunities. The decision to leave a stable job often involves weighing financial security against personal fulfillment. Iterative decision-making is essential for small businesses, while larger businesses require more careful planning. Hiring decisions should be based on data and not just gut feelings. I help businesses design their marketing ecosystem. Talent management is crucial for business success. Onboarding processes can make or break talent integration. The environment for talent must be conducive to success. Building trust is essential in the recruitment industry. Nomadic life allows for personal and professional growth. Strategic thinking is key in navigating saturated markets. Listening to opportunities can lead to unexpected paths. Sustainable travel focuses on skill development. Communities play a vital role in business networking. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Brian and learn more about his journey: ➙ X: @brianfoconnor https://x.com/BrianFOConnor ➙ LinkedIn: https://www.linkedin.com/in/brianfoconnor/ ➙ Website: https://www.talenthq.co/ ➙ Newsletter: https://www.outliergrowth.com/c/about

    177. Launching a $2M/yr Airbnb Cleaning Biz, with Logan Campbell of The Dream Clean Team

    Play Episode Listen Later Dec 11, 2024 28:29


    In this episode, Neel chats with Logan Campbell, founder of the Dream Clean Team, who shares his journey of starting an Airbnb cleaning business. Logan discusses the challenges of transitioning from a 9-to-5 job to entrepreneurship, the importance of understanding seasonality in the cleaning industry, and innovative hiring strategies that have helped him scale his business. He emphasizes the significance of a strong hiring funnel and the operational insights necessary for managing a large team of contractors. The conversation concludes with resources for further learning and connecting with Logan. Takeaways Logan's journey began with helping his wife clean condos. The decision to go full-time was driven by necessity after being laid off. Understanding seasonality is crucial for success in the cleaning business. Logan's business expanded to include holiday lighting to manage seasonal income. Hiring contractors allows flexibility in managing workforce needs. A strong hiring funnel is essential for attracting quality candidates. Group interviews can streamline the hiring process effectively. Using technology to manage scheduling and operations is key. Logan emphasizes the importance of a supportive partner during tough times. Continuous learning and adaptation are vital for business growth. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Bodhi and learn more about his journey: ➙ LinkedIn: https://www.linkedin.com/in/logan-campbell-dreamcleanteam/ ➙ Website: www.mytalentcompass.co

    176. Acquiring a Dumpster Rental Biz and Scaling it to $750K, with Bodhi Gallo aka Dumpster Rental Guy

    Play Episode Listen Later Dec 4, 2024 22:05


    In this episode, Neel chats with Bodhi Gallo, an entrepreneur who started his journey in business ownership by purchasing a dumpster rental company while in college. Bodhi shares his experiences scaling the business through innovative marketing strategies, including local SEO and social media. He discusses the decision to sell the business and transition into running Striker Digital, a marketing agency focused on local service businesses. The conversation also covers practical local SEO strategies for beginners looking to grow their own businesses. Takeaways Bodhi started his entrepreneurial journey at 16. He bought a dumpster rental business during college. Social media and SEO were key to scaling his business. Bodhi sold his business to focus on marketing. Striker Digital helps local service businesses grow. Facebook groups are a powerful marketing tool. Local SEO is essential for visibility. Collecting reviews boosts local SEO rankings. Bodhi emphasizes the importance of hustle in business. Understanding your market is crucial for success. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Bodhi and learn more about his journey: ➙ X: @irentdumpsters https://x.com/irentdumpsters ➙ LinkedIn: https://www.linkedin.com/in/bodhigallo ➙ Website: https://stryker-digital.com/

    175. Partnering with Jennifer Aniston to Launch a 50 Location Fitness Brand, with Julie Cartwright of Pvolve Fitness

    Play Episode Listen Later Nov 27, 2024 21:44


    In this episode, Neel sits down with Julie Cartwright, the president of Pvolve, a unique fitness franchise that emphasizes functional movement. Julie shares her journey in the fitness industry, the innovative approach of Pvolve, and the significant impact of celebrity involvement, particularly Jennifer Aniston. The conversation delves into franchise marketing strategies, the advantages of a digital presence, financial considerations for franchisees, and the future vision for Pvolve's expansion. Takeaways Julie Cartwright joined Polve to help the founder start the company in 2017. Pvolve focuses on functional movement, mimicking everyday activities. Jennifer Aniston became involved with P-vlve after experiencing its benefits personally. The brand saw a 165% growth last year after Aniston's public involvement. Franchisees are encouraged to engage with the community through pop-up events before opening. Pvolve has a strong digital presence with a large member base prior to studio openings. Franchise marketing includes digital ads, local community engagement, and press outreach. Franchisees can expect to see returns within 8 to 12 months after opening. Pvolve aims for international expansion while focusing on the U.S. and Canada. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Julie and learn more about Pvolve: ➙ Instagram: @pvolve @_juliecartwright ➙ Website: https://www.pvolve.com/

    174. Achieving Multimillionaire Status 4 Times in 4 Different Industries, with Jose Berlanga

    Play Episode Listen Later Nov 20, 2024 30:08


    In this episode, Neel chats with Jose Berlanga, a successful entrepreneur who has achieved multimillionaire status across four distinct industries. Jose shares his journey, discussing the challenges and setbacks he faced, the importance of adaptability, and the reality of entrepreneurship beyond financial success. He emphasizes the need for personal development and the ongoing nature of entrepreneurial growth, while also addressing the misconceptions surrounding financial freedom and the pursuit of happiness in business. Takeaways Entrepreneurship is filled with uncertainty and challenges. Don't wait for the perfect opportunity; take action instead. Setbacks are learning experiences, not failures. Recognize when to pivot based on market feedback. Personal development is crucial for business success. Financial freedom does not guarantee happiness. Evaluate your business regularly to identify issues. Quitting a business is not the same as moving on. Your problems evolve as you achieve success. Focus on purpose and the impact of your work. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Jose: ➙ Website: ⁠https://joseberlanga.com/

    173. From Crystal Meth to Serial Entrepreneur: The Power of Intentional Decisions with Austin Linney

    Play Episode Listen Later Nov 13, 2024 31:37


    Neel chats Austin Linney about his journey from addiction to success. Austin shares his origin story, including his introduction to entrepreneurship through the book 'Rich Dad Poor Dad.' He discusses his struggles with addiction and the pivotal moments that led him to make positive changes in his life. The conversation also explores the concept of change and the importance of understanding oneself in order to make meaningful transformations. Austin emphasizes the value of investing in oneself and making decisions that align with personal values and goals. In this conversation, Austin Linney discusses the importance of making intentional decisions and being mindful of the impact they have on our lives. He emphasizes the need to prioritize and focus on the few decisions that truly matter, rather than getting caught up in the daily minutiae. Austin also shares the power of self-reflection and unpacking the stories and beliefs that shape our behavior. He suggests developing one new habit at a time and gradually building on it for long-term success. Austin talks about his motivation for acquiring a home service business and his goal of creating good jobs and serving families. He also shares his approach to designing a lifestyle that allows for both productivity and freedom. Takeaways Austin Linney's journey from addiction to success highlights the power of personal transformation. Understanding oneself and making meaningful changes is crucial for personal and professional growth. Investing in oneself and making decisions that align with personal values and goals is essential for success. The concept of change can apply to various aspects of life, including relationships, business partnerships, and career choices. Focus on the few decisions that truly matter and have a significant impact on your life. Unpack the stories and beliefs that shape your behavior and challenge them if necessary. Develop one new habit at a time and gradually build on it for long-term success. Acquiring a business can be a way to create good jobs and serve families. Design a lifestyle that allows for both productivity and freedom by prioritizing and scheduling your time effectively. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Austin and his journey here: ➙ Instagram: @austin_linney ➙ Website: https://www.austinlinney.com/

    172. From Travel to Triumph: Building a Real Estate Empire Abroad with Sarah Weaver

    Play Episode Listen Later Nov 6, 2024 26:46


    Neel chats with Sarah Weaver, also known as the Digital Nomad Landlord, about her journey as a full-time real estate investor and world traveler. She has mastered the art of long-distance investing and has 19 real estate properties across four different states. Sarah discusses her decision to leave her nine-to-five job and become an entrepreneur, as well as her strategies for achieving financial independence through real estate. She also explains the concept of midterm rentals and how they can generate higher cash flow compared to long-term rentals. Sarah's passion for travel led her to start Invested Adventures, where she takes real estate investors on epic adventures around the world. Takeaways Sarah Weaver became a full-time real estate investor and world traveler by mastering the art of long-distance investing. She achieved financial independence by focusing on strategies that generated increased cash flow, such as midterm rentals. Sarah's decision to leave her nine-to-five job was based on reaching a lean financial independence number and feeling confident in her ability to succeed as an entrepreneur. She started Invested Adventures to combine her passion for real estate and travel, creating unique experiences for like-minded individuals. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Sarah and her journey here: ➙ SNS: sarahdweaver ➙ Website: https://www.sarahdweaver.com/about

    171. Building Relationships that Drive Recurring Revenue with Parker Terle of MaidThis Phoenix

    Play Episode Listen Later Oct 30, 2024 19:37


    In this episode, Neel sits down with Parker, owner of MaidThis Phoenix. Parker shares his journey from being a firefighter to becoming an entrepreneur. He discusses his search for the right franchise and the challenges he faced in finding a scalable business model. Parker also talks about the importance of building relationships with customers and providing excellent customer service. He shares his experience of breaking even in just three months and the ongoing challenge of hiring and managing a team. Parker's goal is to achieve time, location, and financial freedom through his business. Takeaways Finding the right franchise that aligns with your goals and values is crucial for success as an entrepreneur. Scalability is an important factor to consider when choosing a franchise, especially if you have a limited time frame or location. Building strong relationships with customers and providing excellent customer service can lead to recurring revenue and positive reviews. Breaking even quickly is possible with effective marketing strategies and a focus on customer satisfaction. Hiring and managing a reliable team is a challenge that requires ongoing effort and attention. The ultimate goal of entrepreneurship is to achieve time, location, and financial freedom. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ to learn more about MaidThis

    170. Should you start a business around your passions? with Sophie Couwenbergh, former travel blogger

    Play Episode Listen Later Oct 23, 2024 26:01


    Sofie, the founder of a travel blog, shares her journey as a digital nomad and the challenges she faced in maintaining location freedom. She discusses how turning her passion into a business affected her mental health and the need to redefine success. Sofie emphasizes the importance of finding balance, focusing on other aspects of life, and deriving value from more than just business achievements. She shares her experience of reevaluating her identity and finding joy in activities outside of work. Sofie also highlights the significance of decision freedom and making choices that align with personal values. Takeaways Turning your passion into a business can lead to a loss of joy and a blurred boundary between work and personal life. Deriving value from more than just business achievements is essential for mental well-being. Finding balance and focusing on other aspects of life can help prevent burnout and maintain overall happiness. Decision freedom is crucial in creating a business that aligns with personal values and brings fulfillment. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Sofie here: ➙ Instagram: https://www.instagram.com/sofiecouwenbergh/ ➙ LinkedIn: https://www.linkedin.com/in/sofiecouwenbergh/ ➙ Website: https://sofiecouwenbergh.com/

    169. From Power Washing to Power Marketing: Prioritizing Business Development with Chase Lord

    Play Episode Listen Later Oct 16, 2024 26:34


    In this episode, Neel chats with Chase Lord, a successful business coach and owner of a seven-figure soft wash and power wash company. They discuss the importance of working on the business rather than in the business, the challenges of scaling a business, and the impact of marketing on business growth. Chase emphasizes the need for time blocking and focusing on one marketing platform to effectively track and analyze results. He also introduces his coaching program, Legacy Metric, which helps entrepreneurs achieve time and financial freedom. Takeaways Working on the business is essential for growth and success. Setting aside dedicated time to work on the business is crucial. Effective marketing requires tracking and analyzing data. Focusing on one marketing platform can yield better results. Chase Lord's coaching program, Legacy Metric, helps entrepreneurs achieve time and financial freedom. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Chase here: ➙ LinkedIn: https://www.linkedin.com/in/chase-lord-61373a58/ ➙ Facebook: https://www.facebook.com/chase.lord.54 ➙ YouTube: https://www.youtube.com/@chasefreedomfamily

    168. Focusing on the Fundamentals for Business Success with Brian and Jen Boyle of MaidThis Salt Lake City

    Play Episode Listen Later Oct 9, 2024 27:38


    Brian and Jen Boyle, owners of MaidThis Salt Lake City, share their background and journey in business. Brian has been running a pizza franchise for 22 years, while Jen has been a physical therapist for 26 years. They decided to join MaidThis because of the consumable and relationship-based nature of the business. They appreciate the automation and support system provided by MaidThis, as well as the opportunity to learn from and collaborate with other franchise owners. They plan to expand their business further south in Utah and focus on building relationships with apartment complexes. Takeaways Building relationships and providing excellent customer service are key to long-term success in business. Investing in relationship equity and planting seeds for future business growth is essential. Focusing on the fundamentals and doing the small, boring tasks consistently can lead to a successful business. Being part of a supportive community and learning from other franchise owners can be invaluable. Automation and systems can streamline operations and make business management more efficient. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ to learn more about MaidThis

    167. Selling A Cleaning Biz & Launching a LatAm Recruiting Agency, with Ed Rodriguez

    Play Episode Listen Later Oct 2, 2024 25:41


    In this episode, Neel chats Ed Rodriguez, the CEO of HireLATAM. Ed shares his journey from starting a cleaning company to eventually selling it and transitioning into the global talent agency business. They discuss the importance of taking the plunge into entrepreneurship, the process of selling a business, and the business model of HireLATAM. Ed also provides insights into recruiting talent from Latin America, including pricing and cultural nuances. Takeaways Taking the plunge into entrepreneurship can lead to faster growth and success Selling a business requires careful consideration of valuation and finding the right buyer HireLATAM helps businesses recruit talent from Latin America, offering a range of services and expertise Recruiting talent from Latin America requires understanding cultural nuances and considering cost of living Latin American talent often has experience working with US companies and can provide high-quality support Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh Follow Ed here: ➙ X: @edrodz3  https://x.com/ERodz3 ➙ X: @Hire_Latam https://x.com/Hire_LATAM ➙ Website: https://hirelatam.com/

    166. Following Your Curiosity and Running a $7M Home Health Business, with Nik Hulewsky, host of Nikonomics Podcast

    Play Episode Listen Later Sep 25, 2024 24:54


    In this episode, Neel chats with Nik Hulewsky, the host of Nikonomics Podcast and the founder of Co-Founders. They discuss Nik's background and his journey into entrepreneurship. Nik shares his experience working in the corporate world and how it led him to start his own businesses. They also talk about the importance of knowing your strengths and weaknesses as an entrepreneur and how it can guide your business decisions. Nik emphasizes the need for delayed gratification and the importance of aligning your business with your personal goals and values. Takeaways Know your strengths and weaknesses as an entrepreneur and choose a business model that aligns with them. Delayed gratification is a key aspect of entrepreneurship. Be prepared to sacrifice now for future success. Identify your personal goals and values and build a business that supports them. Focus on building an audience and a brand, and the monetization opportunities will follow. Secure the bag first by focusing on a specific business or opportunity, and then explore other options for variety and enjoyment. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Nik here: ➙ X: @cofoundersnik ➙CoFounders: https://www.cofounders.com/about  ➙Nikonomics: https://www.youtube.com/channel/UCs45sHlKtDMxhPKt1Pjdevg 

    165. Leaving the 9-5 to start a Remote Cleaning Business (and Airline Points Hacks), with Matt Brazis of MaidThis Tampa

    Play Episode Listen Later Sep 18, 2024 29:15


    In this episode, Neel chats with Matt Brazis, the owner of MaidThis Tampa. Matt shares his journey of leaving his nine-to-five job in medical device sales to start his own lifestyle business. He talks about his interest in entrepreneurship and the desire to build something that he can own and pass down for generational wealth. Matt also discusses the challenges of finding reliable labor and the importance of being comfortable with technology in running a cleaning business. He shares his expertise in utilizing credit card points to travel and the benefits of having a side hustle to support the growth of his main business. Takeaways Entrepreneurship offers the opportunity to build something that can be owned and passed down for generational wealth. Finding reliable labor is a challenge in running a cleaning business. Being comfortable with technology is important in managing the operations of a cleaning business. Utilizing credit card points can be a cost-effective way to travel and save money. Having a side hustle can provide additional income to support the growth of a main business. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek

    164. How to Know if Franchising Is Right for You, with Adam Goldman Franchise Coach

    Play Episode Listen Later Sep 11, 2024 16:28


    In this episode, Neel chats Adam Goldman, a franchise coach with experience in franchise placement. They discuss the role of a franchise coach, the types of people who are a good fit for franchising, and how to evaluate franchise brands. Adam emphasizes the importance of cultural fit and getting to know the person behind the franchisee. They also touch on the misconception that franchising is a passive investment and the need for active involvement. Adam shares his experience as a master franchisor for Vanguard Cleaning and the support they provided to franchisees. Takeaways A franchise coach helps potential franchisees navigate the process of finding the right franchise brand for them. Franchising is not for everyone. It requires following a system and having some business acumen. Cultural fit is important when evaluating franchise brands. It's crucial to find a brand that aligns with your values and goals. Franchising is not a passive investment. It requires active involvement and time commitment. Different franchise brands offer different levels of support and resources for franchisees. If you're interested in franchising, consider working with a franchise coach to find the best fit for you. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Adam here: ➙ Social Media: ⁠⁠ ⁠@FranchisecoachG ➙ ⁠Website: https://www.franchisecoach.net/ or http://www.franchiseadam.com

    163. The Hidden Secrets of the Franchise World, with Tim Michaels

    Play Episode Listen Later Sep 4, 2024 21:34


    Tim Michael, founder of Kickstart My Franchise, shares his expertise in the world of franchising. He discusses his background and how he got into franchise brokerage. Tim provides insights on evaluating franchise brands, including the importance of looking beyond financials and considering factors like the item 19 and item 20 in the Franchise Disclosure Document (FDD). He emphasizes the value of talking to existing franchisees to get a real sense of the brand's support and success. Tim also discusses different business models and the importance of considering one's comfort with sales and networking. He advises potential franchisees to be cautious of brands that grow too fast and to evaluate the support and capitalization of the franchisor. Lastly, Tim highlights the significance of budget and motivation in choosing the right franchise brand. Takeaways Evaluate franchise brands beyond financials by considering factors like the item 19 and item 20 in the FDD. Talk to existing franchisees to get a real sense of the brand's support and success. Consider your comfort with sales and networking when choosing a business model. Be cautious of brands that grow too fast and evaluate the support and capitalization of the franchisor. Budget and motivation are key factors in choosing the right franchise brand. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Tim here: ➙ Social Media: ⁠⁠ ⁠@kickstartmyfranchise ➙ ⁠https://kickstartmyfranchise.com/

    162. From Employee to Entrepreneur: Building a Business with Orlando MaidThis St. Pete Clearwater

    Play Episode Listen Later Aug 28, 2024 21:59


    Orlando Reyla, owner of MaidThis St. Pete Clearwater, shares his journey of starting a cleaning business while still working a nine-to-five job. He discusses the challenges of balancing both and the support he received from his family. Orlando emphasizes the importance of having a clear why and being prepared for the hard work and challenges that come with entrepreneurship. He also shares his learnings, including the importance of delegating and building a remote team, and the value of the support system provided by the MaidThis franchise. Takeaways Balancing a nine-to-five job and starting a business requires time management and dedication. Having a clear why and motivation is crucial for staying committed to the entrepreneurial journey. Delegating and building a remote team can help scale a business and free up time for other responsibilities. Challenges and mistakes are part of the process, and learning from them is essential for growth. Being part of a supportive community and having access to resources can greatly contribute to business success.

    161.Getting Lifestyle Freedom By Living Through Your Values, with Trenton Hughes of Unfounded Ventures

    Play Episode Listen Later Aug 21, 2024 22:53


    In this episode, Neel chats with Trenton Hughes, the founder of a venture studio called TRIBE. They discuss the concept of venture studios, Trenton's journey from corporate to entrepreneurship, and the importance of finding freedom through aligning with personal values. Trenton also shares his experience of burnout and the lessons he learned from it. He emphasizes the need for community and support for entrepreneurs, which led him to start TRIBE. Overall, the conversation highlights the importance of finding fulfillment and balance in entrepreneurship. Takeaways Venture studios are a newer model of entrepreneurship that focus on creating new ventures rather than just investing in existing ones. Finding freedom in entrepreneurship is not just about making money, but also aligning with personal values and finding fulfillment in day-to-day activities. Burnout is a common experience for entrepreneurs, and it is important to prioritize mental and emotional health. Having a supportive community and network of like-minded individuals can greatly benefit entrepreneurs. Tribe is a community and support network for early-stage entrepreneurs, providing peer groups, retreats, and other resources at a more affordable price point. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Winslow here: ➙ X (Twitter): ⁠⁠ ⁠@trentjhughes

    160. From Corporate Ladder to Entrepreneurial Freedom with Winslow Marshall, Neoteric Brands CEO

    Play Episode Listen Later Aug 14, 2024 19:01


    Summary Winslow Marshall, founder of Neoteric Brands, shares his journey from corporate to entrepreneurship and the challenges he faced along the way. He discusses the benefits of gaining experience in a fully formed company before starting his own business and the value of starting earlier in entrepreneurship. Winslow also talks about his experience as a digital nomad and the freedom it provided. He explains how he decided on his business model and the importance of community in growing CPG brands. He shares the challenges of entrepreneurship, including the scarcity of attention and the need for cash flow management. Winslow emphasizes the flexibility and focus that entrepreneurship brings to his day-to-day life and the concept of freedom in entrepreneurship. Takeaways Gaining experience in a fully formed company before starting your own business can provide valuable knowledge and skills. Starting earlier in entrepreneurship can have benefits in terms of gaining experience and taking risks. Being a digital nomad offers a unique sense of freedom and the opportunity to explore different locations. Community is important in growing consumer goods brands and leveraging community can be a successful business model. Entrepreneurship comes with challenges such as the scarcity of attention and the need for cash flow management. Entrepreneurship provides flexibility and the ability to work on your own terms, but also requires focus and intensity. Freedom in entrepreneurship includes location independence, time independence, and the ability to work on your interests. Winslow Marshall, founder of Neoteric Brands, shares his journey from corporate to entrepreneurship and the challenges he faced along the way. He discusses the benefits of gaining experience in a fully formed company before starting his own business and the value of starting earlier in entrepreneurship. Winslow also talks about his experience as a digital nomad and the freedom it provided. He explains how he decided on his business model and the importance of community in growing CPG brands. He shares the challenges of entrepreneurship, including the scarcity of attention and the need for cash flow management. Winslow emphasizes the flexibility and focus that entrepreneurship brings to his day-to-day life and the concept of freedom in entrepreneurship. Takeaways - Gaining experience in a fully formed company before starting your own business can provide valuable knowledge and skills. - Starting earlier in entrepreneurship can have benefits in terms of gaining experience and taking risks. - Being a digital nomad offers a unique sense of freedom and the opportunity to explore different locations. - Community is important in growing consumer goods brands and leveraging community can be a successful business model. - Entrepreneurship comes with challenges such as the scarcity of attention and the need for cash flow management. - Entrepreneurship provides flexibility and the ability to work on your own terms, but also requires focus and intensity. - Freedom in entrepreneurship includes location independence, time independence, and the ability to work on your interests. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparek Follow Winslow here: ➙ X (Twitter): ⁠⁠ ⁠@winslowmarshall⁠ ➙ ⁠https://www.neotericbrands.com/

    159. Embracing the Unknown: Launching a Cleaning Business with Akila, MaidThis McKinney

    Play Episode Listen Later Aug 7, 2024 25:36


    Akila, the owner of MaidThis McKinney, shares her journey of starting her own location and leaving her nine-to-five job. She discusses her background in project management and her desire for more hustle and productivity. Akila talks about her fears and lifestyle changes when starting her business, as well as the support she received from her friends and family. She also shares her experiences with training, marketing, and community outreach, highlighting the success she has found in the vacation rental industry. Akila emphasizes the importance of joining a franchise like MaidThis for the support and collaboration it provides. Takeaways Starting a business requires embracing the fear of the unknown and being willing to make lifestyle changes. Joining a franchise like Made This provides support, training, and collaboration opportunities. Community marketing, such as joining the Chamber of Commerce and creating meetup groups, can be an effective way to generate leads and build relationships. Embracing a niche market, such as vacation rentals, can lead to success and expertise in that industry. Having a strong support system, both within the franchise and from friends and family, is crucial for entrepreneurial success. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠www.maidthisfranchise.com⁠ ➙ Follow me on Instagram: ⁠@neelbparekh⁠ ➙ Follow me on Twitter: ⁠@neelbparekh

    158. Scaling Success: Leveraging Franchises for Entrepreneurial Growth with Erik Van Horn

    Play Episode Listen Later Jul 31, 2024 29:44


    In this episode of the Freedom Formula podcast, Neel talks with Erik Van Horn, a franchise expert and host of the Franchise Secrets podcast. Erik shares his journey in the franchise world, from starting as a real estate investor to becoming a successful franchisee and investor in multiple franchise brands. He emphasizes the importance of learning from top-performing franchisees and hiring for your weaknesses. Erik also discusses the value of being part of a franchise system and the opportunities for expansion and exit that it provides. Takeaways Franchising offers the opportunity to be a true entrepreneur and benefit from the support and knowledge of other franchisees. Successful franchisees understand their strengths and weaknesses and hire for their weaknesses. Expansion in franchising can be achieved by buying out existing franchisees or opening new locations. Hiring the right talent is crucial for growth and success in franchising. Franchisees should take advantage of the knowledge and support of other franchisees in the system. Paying for great help and investing in talented employees can lead to scalability and increased profitability. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit www.maidthisfranchise.com ➙ Follow me on Instagram: @neelbparekh ➙ Follow me on Twitter: @neelbparekh Check out Erik's social media for more great content: ➙ Podcast Spotify: Franchise Secrets ➙ Podcast Apple: Franchise Secrets Podcast ➙ X (Twitter): @RealErikVanHorn

    157. Remote Cleaning Businesses And Why They're Awesome [Nik interviewing Neel]

    Play Episode Listen Later Jul 24, 2024 37:58


    A different and fun podcast were Neel Parekh gets interviewed by Nik from Nikonomics. his journey in the cleaning industry and the unique aspects of his business model. He shares insights into the challenges and opportunities of running a cleaning company, particularly in the residential and vacation rental niches. Neel emphasizes the importance of recurring revenue and customer retention in the cleaning industry. He also talks about the benefits and support provided to franchisees and the potential for scalability in the business. Takeaways Recurring revenue and customer retention are crucial in the cleaning industry. The residential and vacation rental niches offer opportunities for growth and stability. Customer acquisition costs and lifetime value vary depending on the niche. Franchising can provide support and scalability for cleaning businesses. Automation and delegation are key to freeing up time and growing the business. Thanks for tuning in! If you enjoyed this episode, don't forget to give it a thumbs up and subscribe to our channel for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit www.maidthisfranchise.com ➙ Follow me on Instagram: @neelbparekh ➙ Follow me on Twitter: @neelbparekh Check out Nik's social media for more great content: ➙ Podcast Spotify: tinyurl.com/5avyu98y ➙ Podcast Apple: tinyurl.com/bdxbr284 ➙ X (Twitter): twitter.com/CoFoundersNik

    156. From Employee to Franchisee: The All-In Commitment Journey with Nautical Bowls CEO, Bryant Amundson

    Play Episode Listen Later Jul 17, 2024 30:19


    In this episode of the Freedom Formula podcast, Neel Parekh chats with Bryant Amundson, the CEO of Nautical Bowls, a franchise brand specializing in acai bowls. Bryant shares his journey of starting his first location and eventually franchising the business. He emphasizes the importance of being all-in as a franchisee and the need for coaching and mindset upgrades. Bryant also discusses the support system needed for franchisees and the focus on franchisee success. He highlights the goal of creating time freedom and financial success for franchisees. To learn more about Bryant and Nautical Bowls, you can find him on LinkedIn or visit the Nautical Bowls website. Takeaways Starting a franchise requires being all-in and willing to do the work. The success of a franchisee is determined by their level of engagement and willingness to take ownership. A support system for franchisees should focus on coaching and mindset upgrades. Franchisees need to be guided in the right direction and helped to solve the root problems. The goal of a franchise should be to create time freedom and financial success for franchisees. Building a successful franchise requires a focus on franchisee success and a commitment to their growth and development.

    155. Traveling the World, Building a Business in the Digital Nomad World with Freddy Lansky

    Play Episode Listen Later Jul 10, 2024 27:09


    In this episode, Neel chats Freddy Lansky, a digital nomad and entrepreneur who has traveled to nearly 100 countries. Freddy shares his journey from backpacking through Europe to starting his own successful e-commerce business, iChess. He discusses the importance of taking risks, making pivots, and not getting stuck in analysis paralysis. Freddy also talks about the challenges of running an internet business and the opportunities in the freelance and consulting space. He emphasizes the need to go hard and give it a fair shake before deciding to pivot. Freddy's story is a testament to the power of lifestyle design and pursuing your passions. Takeaways Take risks and don't be afraid to make pivots in your career or business. Go hard and give your ventures a fair shake before deciding to pivot. Don't get stuck in analysis paralysis; take action and learn from your failures. Consider the opportunities in the freelance and consulting space, especially in the digital marketing field.

    154. From 9-5 Engineer to Starting 20+ Companies, with serial entrepreneur Ray Blakney

    Play Episode Listen Later Jul 3, 2024 29:10


    Neel sits down with Ray Blakney, an accidental entrepreneur, who shares his journey from working in corporate America to starting his own businesses. He emphasizes the importance of having a clear why and setting realistic expectations when starting a business. Ray introduces his business, Productized Education, which helps individuals turn their skills and knowledge into educational products. He offers an Accelerator program to develop and sell the first product, a Scale program to replace day-to-day income, and guidance on scaling the business to the desired level. Ray's approach focuses on achieving financial stability, maintaining relationships, prioritizing health, and having fun. Takeaways Have a clear why and set realistic expectations when starting a business Turn your skills and knowledge into educational products Focus on achieving financial stability, maintaining relationships, prioritizing health, and having fun Productized Education offers an Accelerator program, a Scale program, and guidance on scaling the business

    153. The #1 Mindset Shift Needed for New Entrepreneurs, with ex-Special Forces Mindset Coach Itamar Marani

    Play Episode Listen Later Jun 26, 2024 32:23


    In this episode, Neel talks with Itamar Marani, a mindset coach with a diverse background in the military, private security, and Brazilian jiu-jitsu. The conversation covers topics such as living in Thailand, the experience of working for a Russian billionaire, the pursuit of wealth, and the mindset of successful entrepreneurs. The conversation delves into the psychological barriers and limiting beliefs that entrepreneurs face, exploring the impact of fear, comfort, and the need for approval. Itamar discusses the importance of taking action, making peace with discomfort, and reworking limiting beliefs at different stages of entrepreneurship. The conversation also covers the process of identifying and addressing unconscious beliefs, and the impact of emotions on logical decision-making. Takeaways The pursuit of wealth and success should be balanced with personal growth and self-awareness. Adaptability and mental flexibility are crucial for achieving new goals and breaking through limitations. External success does not always equate to internal fulfillment and happiness. The journey from pain to freedom is a powerful motivator for personal and professional growth. The impact of fear, comfort, and the need for approval on entrepreneurial decision-making. The importance of taking action and making peace with discomfort in the entrepreneurial journey. The process of identifying and reworking limiting beliefs at different stages of entrepreneurship. The impact of unconscious beliefs and emotions on logical decision-making in entrepreneurship.

    152. Scaling a Coding School to 70 Locations (While Keeping Work-Life Balance), with Hansel, CEO of TheCoderSchool

    Play Episode Listen Later Jun 19, 2024 18:14


    In this conversation, Neel chats with Hansel from the Coder School, discussing Hansel's background, journey into entrepreneurship, and the franchising model of the Coder School. They explore the importance of passion in business, marketing strategies, and the traits of successful franchisees. Takeaways Passion for the business and its impact on the community is more important than passion for the end product. Successful franchisees exhibit traits such as relatability, communication skills, and a 'gunslinger' approach to marketing tactics. Experimentation and testing are crucial in entrepreneurship, and systematic approaches may not always work in marketing strategies.

    151. “The Step-Path To Quitting Your Job & Living Abroad, with Jeff Hill of Hill Financial Group”

    Play Episode Listen Later Jun 12, 2024 22:56


    Neel sits down with Jeff Hill shares his journey from corporate America to location independence, discussing the struggles, mindset shifts, and the decision to raise a family outside the US. He emphasizes the importance of multiple sources of income and the freedom to live life on one's terms. Takeaways Transitioning from corporate America to entrepreneurship requires courage and a willingness to work hard for oneself. Creating multiple sources of income is essential for achieving location independence and financial freedom. Raising a family outside the US provides cultural exposure and the ability to live life on one's terms. The journey to location independence involves mindset shifts, discipline, and the pursuit of freedom and abundance.

    150. Running an Anti-Human Trafficking NGO & Entrepreneurial Values, with Buddy Rathmell

    Play Episode Listen Later Jun 5, 2024 31:55


    Buddy Rathmell, a former anti-human trafficking operative, shares his journey of entrepreneurship, nonprofit work, and the pursuit of a fulfilling lifestyle. From running anti-trafficking operations in Southeast Asia to starting Map Winners, Buddy's story is one of impact, values, and the pursuit of contentment. Takeaways Buddy Rathmell's journey is a testament to the pursuit of a fulfilling lifestyle driven by impact and values. Entrepreneurship and nonprofit work can coexist, serving as fuel for a life of purpose and fulfillment. The pursuit of financial freedom does not guarantee internal contentment; living according to one's values is key to finding fulfillment. Map Winners, founded by Buddy Rathmell, focuses on helping businesses improve their Google Maps rankings, providing a simple and effective service that makes a positive impact on clients' lives.

    149. The “Mental” Game of Lifestyle Design by the Numbers, with Ben McAdams of Profits Collective

    Play Episode Listen Later May 29, 2024 20:38


    In this episode of the Freedom Formula podcast, Neel Parekh sits down with Ben McAdam, a business coach who helps entrepreneurs increase their profits by analyzing their numbers. Ben shares his journey from being a classical pianist to becoming a business owner and explains how he discovered the power of numbers in growing a business. They discuss the mindset shifts required for entrepreneurship, the importance of prioritizing spending, and the role of mindset in achieving lifestyle design. Ben also shares his personal lifestyle design choices and offers insights into common objections and challenges faced by entrepreneurs. Takeaways Analyzing numbers is crucial for growing a business and increasing profits. Entrepreneurs often struggle with mindset issues that prevent them from achieving their goals. Prioritizing spending and creating space for reflection and rest are essential for lifestyle design. Many entrepreneurs use busyness as an excuse to avoid addressing mindset issues. Coaching and accountability can help entrepreneurs overcome mindset barriers and achieve their goals.

    148. Running a 1000 ATM Machine Empire, with ATM Guy Mitchell Sorkin

    Play Episode Listen Later May 22, 2024 23:30


    Mitchell Sorkin, known as the ATM guy, shares his journey of building a portfolio of almost a thousand ATMs across the country. He explains how he got into the ATM business and the qualities he looked for in a business, such as low labor intensity. Mitchell discusses the business model of ATMs, including the risks and benefits. He also talks about the negotiation process with store owners and the potential income generated by ATMs. Mitchell emphasizes the importance of finding a business that suits your personality and interests. Takeaways The ATM business can be a profitable source of passive income, with low labor intensity and low overhead costs. The cash in the ATM machine is not owned by the ATM operator, reducing the risk of robbery. ATM fees can vary depending on the location and type of business, with some high-volume locations generating significant income. Negotiating agreements with store owners is a key aspect of the ATM business, with fees and revenue sharing arrangements varying. Finding a business that aligns with your personality and interests is important for long-term success.

    147. The Ultimate Lifestyle Design Playbook, with Lifestyle Design Coach Bobby Hobert

    Play Episode Listen Later May 15, 2024 26:27


    In this episode, Neel chats with Bobby Hobert, host of The Bearded Man podcast and a lifestyle design coach. They discuss Bobby's journey from driving for Uber to becoming a full-time creator and coach. Bobby explains that lifestyle design is about being intentional with every moment and designing a life that aligns with your goals and priorities. He shares his four-step process for helping clients design their lives, which includes a personal audit, mapping out the dream life, creating a custom calendar, and setting personal boundaries. They also discuss the common limiting belief of not feeling deserving of living a life by design. Takeaways Lifestyle design is about being intentional with every moment and designing a life that aligns with your goals and priorities. To design your life, start with a personal audit to identify what's working and what's not working. Map out your dream life by envisioning how you want to spend your time and what activities bring you fulfillment. Create a custom calendar to schedule your priorities and eliminate decision fatigue and overwhelm. Set personal boundaries to protect your peace and freedom and prioritize what matters most to you. A common limiting belief is feeling undeserving of living a life by design due to external expectations and judgments.

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