TRL 146: Becoming a Digital Nomad Through Local Businesses & a Guide to Franchises with Neel Parekh

That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs

💬 Topics Discussed:

• How the COVID-19 pandemic affected MaidThis and its operations
• Why Neel decided to franchise MaidThis
• The upside of being tech-savvy in an old school industry
• What is a Remote Local Business
• What kind of industries could benefit from the MaidThis business model?
• What are the benefits of franchising?
• How much is the buy-in for MaidThis and what do you get from it?
• What kind of cities are ideal for a Remote Local Business?
• What kind of person would be the ideal franchisee for MaidThis?
• How tech-heavy is running a MaidThis franchise
• Can you take a loan out for MaidThis?
• How the perception of debt and loans has changed over the years
• Taking on debt to buy liabilities VS Taking on debt to buy assets
• What are some of the pain points of the Remote Local Business model?
• How high are the margins and how much staff do you need for $1 million in revenue through a MaidThis franchise?
• Does a franchisee get to use Neel’s support structure or does he have to build one on his own?
• The power of personal brands and micro-personal brands
• The Four Types of Luck
• Did Neel’s private equity background help him out in his business journey?

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🎒 Resources:

• TRS 010: How to Run a Cleaning Business as a Digital Nomad with Neel Parekh
• Neel Parekh
• Neel on Twitter
• MaidThis
• MaidThis Franchise
• The Remote Local Podcast
• Fit Body Bootcamp
• Bedros Keuilian
• Naval on Luck
• [book] Lynchpin by Seth Godin