The Richer Geek Podcast Episode #07 : The “F” Word of Business Ownership with Kenny Rose

Semfia Founder & CEO Kenny Rose guest stars on The Richer Geek Podcast with host Nichole Stohler. The Richer Geek helps technology and other high income professionals find creative ways to build wealth and financial freedom.

In this episode we weigh the pros and cons of semi-absentee franchise investing for professionals who’d rather keep a full-time job and invest on the side.

·       Franchise investment benefits versus investing in the stock market

·       Four types of franchise industries that are recession-resistant

·       How your 401K can help you finance your first franchise investment

·       The most common mistake new franchise owners make when they invest in a franchise

·       Why the food industry is the LAST place you should look for a franchise investment

Top Tips

·       Don’t overlook the value of your 401K and the Rollover for Business Startups program – it can help you find the financing to get started.

·       Look carefully at your long-term investment goals – understanding those goals will help you determine the type of franchise you’re best suited to own.

·Stay away from what’s “hot” – focus on what’s good for you.

Resources:

www.semfia.com

www.quora.com

Rollover for Business Startups (ROBS)://fitsmallbusiness.com/rollover-business-startups-robs/