Cameron Ward runs 62 Anytime Fitness gyms across New Zealand and has seen what separates successful franchises from failures. The stats are brutal: 1 in 20 gym franchises fail within 2 years, but 1 in 5 independent gyms don't make it.
Cam breaks down what it really takes to succeed in franchising: follow the systems religiously, have proper capital (not just for setup, but working capital too), and understand you're investing in proven processes, not buying passive income.
The most successful franchises follow the systems. The ones that struggle think they know better than the proven model.
We cover the journey from employee to franchise owner, why some people own multiple sites, and the reality check every potential franchisee needs: if you think franchising is easy money, you're going to come unstuck pretty quick.
Franchising isn't plug and play, it's investing in a system that works if you work it.
More information on Anytime Fitness: https://www.anytimefitness.co.nz/
Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning.
Stuck? Find Amy : amy@levridge.co.nz
Instagram: https://www.instagram.com/amy.levridge
Website: https://www.levridge.co.nz
Generate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more.
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