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What does it take to leave behind a secure career and bet on yourself as a business owner? David San Juan's journey from law enforcement officer to successful franchise owner provides a roadmap for anyone considering the entrepreneurial path.

David joins Jack and Jill Johnson to share how he transitioned from a decorated police career (including SWAT and internal affairs) to corporate security before finally taking the leap into business ownership at age 41. With refreshing honesty, he reveals that his decision to purchase a Pink's window cleaning franchise required selling his house and tapping into retirement funds—challenging the myth that you need to be wealthy to start a business.

The conversation explores what truly matters in franchise selection beyond the glossy marketing materials. David's law enforcement background led him to thoroughly investigate Pink's before investing, finding authentic leadership and robust support systems that convinced him this was the right opportunity. Now managing his business from a home office and achieving significant success, he demonstrates how home service franchises offer a lower-cost entry point to business ownership compared to traditional retail options.

Perhaps most valuable is David's insight into successful franchise ownership: "Leadership is probably the top requirement—you've got to build a team around you that's going to make you successful." He shares how he places people smarter than himself in key positions, including having his ex-wife handle bookkeeping because of her expertise.

As David joins the Franchise Insiders team as a consultant, he brings a mission of helping others find their path to business ownership through transparency, authenticity, and practical guidance. His story proves that with the right franchise fit, proper support, and willingness to take calculated risks, it's never too late to build something for yourself.

Ready to explore if franchise ownership is right for you? Contact David directly at 305-496-4883 for a consultation based on real experience, not sales pitches.

Visit www.weboughtafranchise.com to subscribe.
Send us your questions for an upcoming episode at 305-710-0050.
From your pals in franchise ownership, Jack and Jill Johnson.

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Ever wondered how successful franchisees minimize their tax burden while maximizing profits? In this eye-opening episode, we're joined by Michael Reeder, a financial strategist who specializes in helping franchise owners keep more money in their pockets through clever, legitimate tax planning.

Michael reveals his powerful "purchase and heavily finance" strategy for business vehicles instead of leasing, explaining how this approach allows franchisees to capture substantial tax benefits through depreciation while preserving precious working capital. This isn't just theoretical advice—it's exactly what Jack and Jill implemented in their own business with impressive results.

The conversation takes a fascinating turn as Michael unpacks his "three bucket methodology" for determining the optimal entity structure for your franchise business. From LLC partnerships to S-Corps and C-Corps, he demonstrates why cookie-cutter advice fails franchisees and how personalized strategies based on investment level, asset allocation, and household income can save you thousands. Through a compelling example, he shows how the right structure could save a franchisee with $200,000 in profits approximately $17,000 in self-employment taxes alone.

We also demystify franchise fee amortization, clarifying how these significant upfront costs must be treated for tax purposes and what happens to your tax benefits if you sell your business before the amortization period ends. Michael's guidance on balancing owner salaries with distributions in an S-Corp structure reveals yet another avenue for substantial tax savings.

Whether you're currently exploring franchise ownership or already running a successful franchise, this conversation will transform how you think about the financial structure of your business. Connect with Michael on LinkedIn or through his website at readercpagroup.com to discover how these strategies might apply to your specific situation.

Visit www.weboughtafranchise.com to subscribe.
Send us your questions for an upcoming episode at 305-710-0050.
From your pals in franchise ownership, Jack and Jill Johnson.

Send us a text

Ever dreamed of running a thriving business from a Hawaiian beach? When our flight home was cancelled, we discovered firsthand the true freedom franchise ownership can bring. Instead of calling a boss to beg for more time off, we simply shifted into remote management mode, working with our capable teams from poolside. Our general manager's response? "No worries, I've got this."

This seamless work-life integration represents what's possible when you own the right franchise with proper systems and leadership. We're expanding this vision through our growing Franchise Insiders consulting team, welcoming two new franchise owner consultants who bring valuable firsthand experience to help others find the right franchise.

Financial awareness remains crucial for franchise success. We dive in on where you need to keep labor costs (as a percentage of revenue) and checking your P&L weekly. It's fascinating to see smaller market franchises sometimes outperforming larger territories—proof that the franchise owner makes more difference than location. Business ownership certainly brings challenges, especially in the first 12-18 months, but the rewards far outweigh the difficulties when you're building something that provides both financial success and lifestyle freedom.

For those considering franchise ownership, particularly in home services, prepare financially with approximately $50-60K for franchise fees plus $100K in working capital. Don't worry if that seems daunting—creative funding options exist, including 401K strategies without penalties.

Ready to explore how franchise ownership could transform your work-life equation? Text us at 305-710-0050 to learn more about finding your perfect franchise or join us for upcoming podcast episodes featuring our new consultants and financial experts who can help you keep more of your hard-earned money.

Visit www.weboughtafranchise.com to subscribe.
Send us your questions for an upcoming episode at 305-710-0050.
From your pals in franchise ownership, Jack and Jill Johnson.