Summary of The ONLY 4 ways to MAKE BILLIONS as a service based business..

00:00:00 - 00:10:00

This video discusses the four ways that a service-based business can make money, and the pros and cons of each method. Private chains are the lowest cost and have the highest margins, but franchising has the highest exit multiple. Licensing has the highest cash flow, but the most time and money to build. Software has the highest enterprise value, but the highest risk of not being successful.

• 00:00:00 This video discusses the four ways that a service-based business can make money: by opening additional locations, franchising, licensing, or using software. The first three methods have pros and cons, and the fourth method is less risky but may be less profitable.
• 00:05:00 The business owner discusses the benefits and drawbacks of private chains and franchises. Private chains have low costs of build out, high profits, and low service requirements. Franchises are very expensive to start, and it can take many years for profits to be realized due to the upfront costs associated with acquiring a franchisee.
• 00:10:00 The four ways to make billions as a service-based business are by private chain, franchise opportunity, licensing, and software. Private chains are the lowest cost, have high margins, and have the lowest entry costs. Franchising has the highest exit multiple, but is the most difficult to defend and has the lowest enterprise value. Licensing has the highest cash flow and the highest retention, but the most time and money to build. Software has the highest enterprise value, but the highest risk of not being successful.