The Practical Wealth Show

Summary  Most people hear "franchise" and think McDonald's-level money and full-time grind. In this episode, Curtis sits down with Greg Mohr, founder of Franchise Maven, to break down a smarter, recession-resistant path: buying essential service businesses with proven systems without needing to be the technician. Greg shares his background from corporate engineering and small business ownership into franchising, then teaches how to evaluate franchise opportunities like a real investor. The centerpiece is his simple due-diligence filter: talk to 10+ operators before you buy anything and know what to listen for. What You'll Learn Why service franchises (HVAC, plumbing, electrical, senior care, restoration) can be more recession-resistant than trend-based businesses -The difference between buying a job vs buying a system (and how to structure the owner role) -A realistic expectation for time and ramp-up: 10–15 hours/week and a 2–3 year runway to "work-optional" cash flow -The 10-Operator Rule: why talking to 10 franchisees changes everything, and how it protects you from expensive mistakes -3 red flags to watch for when interviewing franchisees -Why undercapitalization kills otherwise good businesses—and how to think about runway and liquidity -What a pro forma is (in plain English) and how it helps you map break-even and profitability Key Quotes / Ideas "Don't buy a job—buy a system." "If you can't handle 18 months without income, don't pretend you're ready." "Keep interviewing operators until you hear the same truth over and over." Welcome: recession-resistant cash flow through service franchises. Greg's path: corporate → small business → franchising. Who this is for: career-changers, high achievers, and managers. Why service franchises are an overlooked asset class beyond fast food. The owner's role: you don't need to be the technician. "Don't buy a job—buy a system" and the delegation mindset. What "recession-resistant" actually means (essential services). Realistic time and effort expectations (semi-absentee ≠ no work). The 10-Operator Rule for due diligence. Red flags to watch for before buying. Capital runway and avoiding undercapitalization. Pro forma basics: costs, break-even, and timeline.   Episode Highlights 00:00:19 - Recession-resistant cash flow with franchising.   00:00:51 - The 10 operator rule for due diligence.   00:03:01 - Transition from corporate to entrepreneurship.   00:04:30 - Service businesses as overlooked asset classes.   00:06:49 - Essential services franchises.   00:10:10 - Systematizing for time and financial freedom.   00:13:37 - Recession-resistant business advantages.   00:14:09 - Realistic time and effort expectations.   00:14:47 - Importance of detailed financial forecasting.   00:18:00 - Necessity of liquidity and capital planning.   00:20:45 - The importance of building cash flow.   00:30:36 - Networking and due diligence in franchise investing.   00:32:20 - Franchise Maven's consulting process.   00:35:39 - Education and preparedness in franchising.   00:37:58 - Key factors for franchise success.   00:40:41 - Risk tolerance and strategic planning.   Episode Resources Business Owners: Assess Your Challenges with Cash Flow → https://curtis-73no5r8j.scoreapp.com Private Banking Readiness Assessment → https://curtis-qljorw8q.scoreapp.com How Ready Are You to Be Your Own Bank? → https://link.agent-crm.com/widget/quiz/XJwH7kM0wWxYB1KICcOW Title: Founder & CEO, Franchise Maven Email: greg@franchisemaven.com Phone: 361-772-6401 Website: franchisemaven.com   Keywords The Practical Wealth Show   recession resistant   cashflow   service business systems   franchising   Greg Moore   Franchise Maven   Forbes business council   Wall Street Journal bestselling author   high achievers   replace W-2 income   reliable cashflow   due diligence filters   10 operator rule   buying a franchise   restaurant industry   corporate world   master franchisor   franchise consultant   financial freedom   time freedom   recession resistant industries   essential services   HVAC   plumbing   electrical   senior care   restoration services   passive income   franchise disclosure document   service businesses   asset class   franchise royalties   franchise success rate   Greg Mays