Journey to Business Ownership - Freedom Friday Podcast

My Franchise CPAs: Your Secret Weapon Before, During, and After Buying a Franchise

My Franchise CPAs: Your Secret Weapon Before, During, and After Buying a FranchiseAre you exploring franchise ownership but not sure if the numbers really work for you? Or maybe you're already a franchise owner trying to keep more of what you earn? Either way, this episode is packed with the financial education you didn't know you needed!This week on Freedom Friday at the Journey to Business Ownership Podcast, I sit down with John Mollica, Founder of My Franchise CPAs — a CPA firm that specializes exclusively in franchise owners from the very beginning of their journey all the way through operations and growth.In this episode, we cover:- Why you should connect with a franchise CPA before you sign your franchise agreement- How to review your FDD from a financial lens so you truly understand what you're getting into- The difference between affording to buy a franchise vs. affording to operate* it until it's profitable- Common financial mistakes new franchise owners make and how to avoid them- What pro formas, cash flow analysis, and proper capitalization really mean for your success- The truth about franchise financial myths — it's not always a goldmine, but it's not impossible either- How the right CPA helped one client reduce a $500K tax bill to under $100K- Why ROBS (Rollover for Business Startups) requires a CPA who actually knows the franchise space- Services My Franchise CPAs offers: bookkeeping, tax strategy, outsourced CFO, and more💡 Whether you're still in discovery mode or already operating, this episode will change how you think about your finances and your future.---Connect with My Franchise CPAs:🌐 Website: https://myfranchisecpas.com/▶️ YouTube/Podcast: https://www.youtube.com/@myfranchisecpas---Ready to explore what franchise or business ownership could look like for YOUR life?Let's talk — my coaching is completely FREE!📅 Schedule a Discovery Call: https://pmiles.esourcecoach.com/schedule-a-call/🔗 Connect with me on LinkedIn: https://www.linkedin.com/in/patricemiles/---Don't forget to like, subscribe, and share this episode with someone who needs to hear it! You can find us on YouTube, Spotify, and Apple at Journey to Business Ownership.Keep chasing purpose, not just a paycheck.🎯My Franchise CPAs: Your Secret Weapon Before, During, and After Buying a Franchise

He Tried Corporate After Selling His Business — The Entrepreneurial Bug Had Other Plans - EOS Story

He Tried Corporate After Selling His Business — The Entrepreneurial Bug Had Other Plans - EOS StoryWhat happens when a serial entrepreneur sells their business, tries the corporate world, and realizes the entrepreneurial bug just won't quit? Seth Pennington found out the hard way — and it led him straight to EOS.Seth, Franchise Business owner with EOS, spent 15 years building and scaling a business from the ground up with his wife, sold it right before COVID, and thought he was ready for something different. But after a short and eye-opening stint at a $70 million company, he knew exactly what he had to do — go back to entrepreneurship, this time with a proven system behind him.In this episode, Seth breaks down the Entrepreneurial Operating System (EOS), based on the bestselling book Traction by Gino Wickman, and how it helps business owners stop running on chaos and start running with clarity.In this episode we cover:-What EOS is and how it helps businesses gain Vision, Traction, and Health-Why a proven playbook matters more than starting from scratch-What happens when a leader resists letting go of control (and why it tanks the system)-The honest truth about entrepreneurship — it's a lifestyle, not just a career-Book recommendations for anyone thinking about making the leapWhy Seth says the entrepreneurial bug is both a blessing and a curseBooks mentioned:Traction by Gino WickmanThe Entrepreneurial Leap by Gino WickmanConnect with Seth Pennington:🌐 https://www.eosworldwide.com (search Seth Pennington)📧 seth.pennington@eosworldwide.comReady to explore if business ownership could be your next chapter?🗓️ Book a free discovery call with Patrice: https://pmiles.esourcecoach.com/schedule-a-call/🔗 Connect on LinkedIn: https://www.linkedin.com/in/patricemiles/Don't forget to like, subscribe, and share this episode with someone who needs a little inspiration today. We're on Spotify, Apple Podcasts, and YouTube.Keep chasing purpose, not just a paycheck. 💡He Tried Corporate After Selling His Business — The Entrepreneurial Bug Had Other Plans - EOS Story

SBA Loans Uncovered: What Every Aspiring Business Owner Needs to Know

SBA Loans Uncovered: What Every Aspiring Business Owner Needs to Know | Freedom FridayAre you dreaming of owning a business but not sure how to fund it? In this episode of Freedom Friday: The Journey to Business Ownership, I sit down with Kurt Hummel, SBA Lending Expert at Central Bank, who has over 23 years of experience helping everyday people get the funding they need to become their own boss.Kurt breaks down everything you need to know about SBA loans — no fluff, no confusing bank jargon — just real, honest answers to the questions aspiring business owners ask most.In this episode we cover:✅ What an SBA loan actually is (hint: the SBA doesn't lend you the money!)✅ The most popular SBA loan — the 7A program — and what it covers✅ How much cash you actually need to get started (the 10% injection rule)✅ Credit score requirements — and what banks are REALLY looking at✅ SBA loan fees explained: packaging fees, guarantee fees & more✅ Interest rates — and why a community bank may get you a better deal✅ The difference between SBA loans and conventional loans✅ Why franchise startups have an advantage when applying✅ The documents you need to start the SBA loan process✅ What happens if your loan defaults (the truth about collateral & your home)✅ The #1 place Kurt says you should ALWAYS go first for financingWhether you're thinking about buying a franchise, acquiring an existing business, or starting something brand new — this episode is your roadmap to understanding how to fund your dream.🔗 Connect with Kurt Hummel — SBA Lending Expert, Central Bank:📧 khummel@centralbank.com📞 502-456-3839🌐 https://www.centralbank.com(Serving Louisville, Lexington, Northern Kentucky & surrounding areas)🔗 Connect with Patrice Miles — Career Ownership Coach:🌐 Learn more about business ownership: http://journeytobusinessownership.com💼 LinkedIn: https://www.linkedin.com/in/patricemiles/📅 Book a FREE Discovery Call: https://pmiles.esourcecoach.com/schedule-a-call/My coaching is 100% FREE — I work with aspiring business owners anywhere in the nation!🎙️ Find Freedom Friday on:▶️ YouTube🎵 Spotify🎵 Apple Podcasts👍 If this episode helped you, please LIKE, SUBSCRIBE, and SHARE it with someone who needs a little encouragement today. Remember — freedom isn't just a dream, it's a choice!#SBALoans #FranchiseOwnership #BusinessOwnership #FreedomFriday #JourneyToBusinessOwnership #Entrepreneur #SmallBusiness #StartABusiness #SBALending #centralbank SBA Loans Uncovered: What Every Aspiring Business Owner Needs to Know

Would You Work for You? How to Build a Workplace People Want to Stay In

Would You Work for You? How to Build a Workplace People Want to Stay InWould you work for you? 🤔In this episode of Freedom Friday, I sit down with Dave Strange of Strange HR Consulting to tackle one of the most important questions every business owner needs to ask themselves — and most never do.Dave shares his unlikely journey from carrying $80,000 in cash through the Cincinnati airport to 23 years of HR across every industry imaginable — and how getting laid off in 2024 pushed him to finally launch the business he'd been dreaming about for a decade.Then we dive into the real stuff: why good people leave, what you're probably doing without realizing it, and the simple changes that can transform your culture overnight.🎯 What you'll learn:-Why inconsistency is silently killing your culture-How Dave cut turnover from 180% to 86% with two simple changes-What employees actually need more than a raise-Why growing your people — even if they leave — is your best move👉 Connect with Dave: LinkedIn: https://www.linkedin.com/in/davestrange/Website: https://www.strangehrc.comEmail: dave@strangehrc.comFacebook: Strange HR Consulting👉 Connect with Patrice: LinkedIn: https://www.linkedin.com/in/patricemiles/Free coaching: No cost, no catch — let's talk.Schedule a Discover Call: https://pmiles.esourcecoach.com/schedule-a-call/🎧 Find us on YouTube, Spotify & Apple Podcasts — search Journey to Business OwnershipDon't forget to like, subscribe, and share with a business owner who needs to hear this.Keep chasing purpose, not just a paycheck.Would You Work for You? How to Build a Workplace People Want to Stay In

From Healthcare to Home Inspections | A 23-Year Career Change

From Healthcare to Home Inspections | A 23-Year Career ChangeWhat does it take to walk away from a 23-year career… and start over?In this Freedom Friday episode of the Journey to Business Ownership podcast, Patrice Miles sits down with David Powell of Pillar to Post Home Inspectors to talk about his journey from healthcare administration to entrepreneurship.After more than two decades in the healthcare industry, David found himself burned out and ready for something different. But leaving behind a steady paycheck isn’t easy. In this conversation, he shares what led him to take the leap—and what it really looked like in those early days of building a business.In this episode, we cover:-Why David left a 23-year career in healthcare-How he chose franchising as his path into business ownership-The financial realities of starting a business (including the first 18–24 months)-The fears and emotions that come with leaving corporate-What freedom actually looks like as a business owner-How he’s now growing and scaling his businessIf you’ve ever wondered whether you could leave your career and build something of your own, this episode will give you a real, honest look at what that journey can look like.🔗 Connect with David Powell & Pillar to Post:🌐 https://davidpowell.pillartopost.com/📞 Office: 812-725-9221📱 Cell: 812-704-3540📘 Facebook: https://www.facebook.com/DavidPowellPillarToPostHomeInspectors/🚀 Ready to Explore Business Ownership?If you're thinking about starting, buying, or investing in a business—but don’t know where to start—let’s connect.Patrice Miles is a Career Ownership Coach who provides free coaching, education, and guidance to help you explore your options with confidence.Linkedin: https://www.linkedin.com/in/patricemiles/ 🌐 https://JourneyToBusinessOwnership.com👉 Don’t forget to LIKE, SUBSCRIBE, and SHARE to support more real stories from everyday entrepreneurs!From Healthcare to Home Inspections | A 23-Year Career Change