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Alex Smereczniak is a serial entrepreneur and the co-founder and CEO of Franzy, a platform revolutionizing franchise discovery and acquisition. In this conversation, we talk about how you can own your own business, the success rate of franchises, timeline, risks, negotiating tips, impact on the US economy, and why you should use Franzy.

TIMESTAMPS:
0:00 - Why small businesses & franchises are so important
2:58 - Success rate of franchises
7:27 - The business around franchises
11:05 - How Franzy works
14:45 - Timeline to get into a franchise
17:25 - Biggest risks
18:39 - Pros/cons of new vs existing franchise
20:15 - Negotiating tips
22:15 - Success stories
24:25 - Impact on US economy
27:33 - Why use Franzy

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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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