Navigating Partnerships: Lessons in Building and Scaling a Business

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 28 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Partnerships can make or break your business. It’s not just about the work; it’s about aligning values, contributions, and long-term vision. Whether it's coaching franchisees or structuring deals, clarity upfront is key to success. Learn from these real experiences to avoid pitfalls and build with intention.---If you want to level up, text me at 725-527-7783! Get access to our real estate community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/Join our...

Transcript

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0:00.0	Man, when you're in business with franchisees, you've got to have a certain empathy.
0:04.6	You've got to have a certain heart.
0:05.7	You've got to have a certain passion, a servant mindset.
0:08.3	Yep.
0:08.5	Because you're really in life with these people.
0:10.8	And, you know, 20% of them are amazing and they just take off.
0:16.2	But, you know, the rest of them, they all need some sort of coaching.
0:19.7	They need maybe their sales reluctance.
0:21.6	Maybe they need some, they need something to be a successful business owner.
0:27.1	And it's very individualized inside of, you know, that relationship that you get with the franchise owner.
0:32.3	So it's great for me.
0:34.3	I've coached.
0:34.7	I coached over 30 seasons of my kids sports.
0:36.8	Man, it was the greatest thing that I ever had the opportunity to do. And building franchise, working with
0:42.6	franchisees is very similar, man. Giving them a playbook, helping them, you know, convincing them.
0:49.5	I like to say one of my favorite definitions of leadership is manipulation with good intent, right?
0:57.2	Yeah.
0:57.7	Manipulating them into adopting the behaviors and the habits that are going to make them successful inside of it.
1:05.6	So, yeah, franchising is great.
1:09.2	One out of nine people in this country work for a franchise system. By or four, a franchise
1:13.1	business, nine million people in this country work in a franchise of some sort. Got it. Got it.
1:19.7	So a couple things I want to break down. So you talked about a franchise habit. What is that?
	...

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