From Corporate Banking to Franchise Ownership: Marcus’ Leap After 20 Years in Finance
Episode Timeline
- 00:00 – Intro
- 00:36 – One career in Marcus’ life prior to Kwik Kopy
- 00:51 – Getting into the business at the back end of Covid (March 2022)
- 01:45 – Business banking roles at Macquarie & NAB
- 02:35 – Career view in banking & take on small business
- 04:00 – Using banking experience for business plans & cashflow
- 05:44 – The catalyst for change in his career
- 06:46 – The redundancy conversation & approach
- 08:37 – Jumping to another bank during Covid
- 09:46 – Starting the search for a business
- 10:41 – Business search criteria: location, turnover, profit, price
- 11:51 – Perceptions of franchising – lack of control
- 12:35 – Other factors in Marcus’ business search
- 13:21 – How Marcus found Kwik Kopy
- 14:33 – Due diligence using banking skills
- 16:31 – Speaking with existing franchise owners
- 17:31 – Buying from a 20-year owner with experienced staff
- 18:20 – Interactions with Kwik Kopy early on
- 19:51 – What Marcus enjoys most about the business
- 20:37 – Marcus’ role in the business day-to-day
- 21:45 – Performance of the business since takeover
- 22:18 – The future for the business
- 23:11 – Secrets of success in a Kwik Kopy
- 24:14 – Wrap up
After taking a redundancy from a commercial banking career after 18 years, Marcus finally wanted something for himself. Equipped with a Commerce Degree, Marcus took on a 20 year career in corporate banking in business banking and later in varying leadership roles.
He had a desire for his own business yet a franchise was not necessarily on the cards for him as he had a perception of a lack of control.
A criteria in his search for a business centred around location, turnover, profit and price primarily. After finding an existing Kwik Kopy franchise in an online listing, it just so happened that the business fitted all that criteria.
And thankfully, the fears of a lack of control in a franchise were unfounded according to Marcus!
