The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom

Neel Parekh
  • 4.9 (34)
  • ENTREPRENEURSHIP
  • UPDATED WEEKLY

Achieving the type of “freedom” you're seeking probably has already been done by someone else. So, why not just reverse-engineer the formula instead of re-inventing the wheel? Neel Parekh, CEO of MaidThis Franchise, interviews people who have already achieved Time, Location, or Financial Freedom and dive into their stories. The common thread: how to live life on your own terms.

  1. 07/30/2025

    201. The Final Episode of the Freedom Formula Podcast: The Power of Quitting [Solo Episode with Neel Parekh]

    In this final episode of the Freedom Formula Podcast, host Neel Parekh delivers a deeply personal and thought-provoking solo reflection on one of life's most challenging yet liberating decisions: knowing when to quit. As he brings this chapter of his podcasting journey to a close, Neel explores the counterintuitive wisdom that sometimes our greatest victories come not from perseverance, but from the courage to walk away. Podcast episode with Khe Hy: https://open.spotify.com/episode/2iQuhBsdTUbbBe3cWUgNg9?si=k04__noATVexL26trNDR5A A special thank you to all the incredible guests who shared their wisdom and stories throughout this journey, and to every single viewer and listener who made this podcast possible. Your support, engagement, and feedback have been the driving force behind every episode. Want to stay connected? Follow me on social media for updates and my journey. Also check out the YouTube Channel: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel:  ⁨@NeelBParekh⁩  Again thank you for being part of the Freedom Formula community. Here's to the courage to quit what no longer serves and the wisdom to build what does.

    9 min

  2. 06/11/2025

    200. Lessons from Interviewing 1000+ Franchise Prospects [Solo Episode with Neel]

    After interviewing thousands of franchise prospects, I started noticing the same patterns—the same mindset traps that stop people before they even start. In this episode, I dive into two big ideas: • A principle that explains why most new entrepreneurs don’t replace their salary for years (and why that’s normal) • A 4-part framework to defeat the invisible enemies that kill momentum before it begins If you’ve been sitting on the fence, waiting, planning, overthinking. This episode might hit a nerve.It’s not fluffy. It’s not easy. But it might be the perspective shift you need.

    16 min

  3. 06/04/2025

    199. Building a Hyper Local Newsletter Empire, with TJ Larkin of Local Newsletter Insider

    In this episode, Neel chats with TJ Larkin, founder of Local Newsletter Insider, to explore the burgeoning model of local newsletters. They discuss what local newsletters are, their growing popularity, and the challenges of monetization. TJ shares insights on identifying suitable markets, the importance of content creation, and the need for a sustainable business model. The conversation emphasizes the significance of community engagement and distribution in building a successful local media company, while also addressing the evolving role of AI in this space.Takeaways Local newsletters curate relevant information for communities.The model is gaining traction among entrepreneurs.Monetization can be challenging; consider it a secondary business.Distribution is key to success in local newsletters.Target smaller markets for less competition.Content creation requires a dedicated team or individual.Building a local presence enhances trust and engagement.AI cannot replace the personal touch in local news.Sustainable growth requires a multi-faceted approach.Networking and community involvement are crucial for success.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh Find out more about TJ and Local Newsletter Insider: ➙ LinkedIn:https://www.linkedin.com/in/tjlarkin1/➙ X: @tjlarkin23➙ Website: tj@localnewsletterinsider.com➙ Podcast: https://podcasts.apple.com/mx/podcast/local-newsletter-insider/id1802415417?l=en-GB

    26 min

  4. 05/21/2025

    198. From Corporate Ladder to Coaching Freedom: Building a Values-Driven Business with Jim Frawley CEO of Bellwether

    In this episode, Neel sits down with Jim Frawley, an executive development coach and founder of Bellwether, who shares his journey from corporate life to remote work and coaching. Jim discusses the challenges he faced in corporate roles, his transition to coaching, and the importance of understanding personal motivations and values when pursuing entrepreneurship. He emphasizes the need for a belief system and the impact of social interactions on personal growth. The conversation also touches on the evolution of Jim's coaching business and the common shackles that hold individuals back in both corporate and personal contexts. Takeaways Jim transitioned from corporate life to remote coaching after realizing he was miserable in his corporate roles.He emphasizes the importance of understanding personal motivations and values when pursuing entrepreneurship.Jim's coaching approach focuses on preparing executives for the C-suite by developing their communication and leadership skills.He believes that many people are held back by social shackles and fear of judgment from others.The concept of 'the five whys' helps individuals challenge their assumptions and beliefs.Jim's business model has evolved to rely heavily on referrals from satisfied clients.He encourages individuals to seek micro-interactions to challenge their belief systems.Beliefs are not truths; understanding this can change how we communicate and interact with others.Jim's upcoming book focuses on building a belief system and asking the right questions.He stresses that there are no rules in entrepreneurship, and everything is possible if you challenge your assumptions. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh Find out more about Jim Frawley and his journey: ➙ Website: https://www.jimfrawley.com/ ➙ LinkedIn: https://www.linkedin.com/in/jimfrawley/ ➙ Instagram/Twitter/TikTok: @jimfrawleyny

    22 min

  5. 05/15/2025

    197. From Franchise Burnout to a Meaningful Childcare Business with Jay Shah of Marigold Academy

    In this episode, Neel sits down with Jay Shah, a former Dunkin Donuts franchisee who transitioned into the childcare industry by founding Marigold Academy. Jay shares his journey from the corporate grind to purpose-driven entrepreneurship, emphasizing the importance of early childhood education. He discusses the business model of Marigold Academy, the balance between passion and profitability, and the significance of building a supportive culture for teachers. Jay also highlights the ideal franchisee profile and the future growth plans for Marigold Academy. Takeaways Jay transitioned from Dunkin Donuts to childcare inspired by his daughters.Childcare is a high-demand industry with strong unit economics.Passion should be balanced with profitability in business.Surrounding yourself with mentors is crucial for success.Creating a positive culture helps retain quality teachers.Marigold Academy focuses on advanced curriculum for early education.Childcare can provide predictable recurring revenue.The ideal franchisee often comes from a corporate background.Operational complexity can impact business satisfaction.Jay emphasizes the importance of giving back to aspiring entrepreneurs.Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh Find out more about Jay and Marigold Academy: ➙ Website: https://marigoldacademy.com/ ➙ LinkedIn: https://www.linkedin.com/company/marigold-academy ➙ Facebook: https://www.facebook.com/marigoldacademyfranchise

    28 min

  6. 05/09/2025

    196. How Do I Know If Should Leave My 9-5, Or Stay Put? with Neel Parekh

    Neel and Stephen delve into the complexities of franchising and entrepreneurship, exploring the challenges faced by potential franchisees, the mindset required to transition from a traditional 9 to 5 job, and the evolving nature of franchising in today's digital age. They discuss the importance of understanding one's fit for entrepreneurship, the perception of risk, and the necessity of taking action in business decisions. Takeaways Not everyone is suited for entrepreneurship; many glorify it without understanding the risks.Franchising has evolved, and traditional methods may not be effective anymore.The perception of risk in leaving a 9 to 5 can be misleading; it's often riskier to stay in a job.Information is cheap, and the value of franchising lies in support and systems, not just information.People often seek certainty in entrepreneurship, which is inherently uncertain.Taking action is crucial; a bad decision can provide valuable data, while inaction leads to stagnation.The mindset around money and risk can significantly impact decision-making in business.Franchising should focus on innovation and speed to stay relevant in the market.Understanding one's financial situation can influence their approach to franchising.The journey of entrepreneurship can lead to greater self-confidence and independence. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh

    20 min

  7. 05/01/2025

    195. 17 Killer Business Ideas You Can Steal Today From Neel Parekh

    In this conversation, Neel discusses various innovative business ideas and models that can be operated remotely or with low overhead. He emphasizes the importance of understanding customer needs and the potential for high-margin services in local markets. From mobile repair services to remote cleaning businesses, and even unique concepts like diaper pickup services, Neel explores the landscape of entrepreneurship and the opportunities available for those willing to think outside the box. He also touches on the significance of automation and training global talent to enhance business operations. Takeaways Mobile repair services can cater to high-end car owners.Remote cleaning businesses can generate consistent cash flow.Local newsletters can replace traditional newspapers with low overhead.High ticket services like landscape lighting can yield significant profits.Subscription models for diaper pickup services are gaining traction.Dog poop cleanup services can be profitable in dense neighborhoods.Drone window washing could disrupt traditional cleaning methods.Man cave setup services can cater to niche markets.Training global talent is essential for successful outsourcing.Automation can streamline operations for small businesses. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠ ➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh

    20 min

  8. 04/24/2025

    194. The Dirty Secret of Franchising & Life Bank Account, an interview with Neel

    In this conversation, Neel delves into the impact of coaching on entrepreneurship, exploring the life bank account concept, and discussing the nuances of digital nomadism. He shares insights on franchising, including its challenges and misconceptions, while also reflecting on cultural experiences in Rwanda. The importance of time management and lessons learned from travel are emphasized, particularly in relation to safety and awareness. Takeaways Successful entrepreneurs often benefit from coaching.The life bank account concept emphasizes valuing time.Digital nomadism has evolved over the years.Franchising is not just an extension of a business.Initial franchise fees are not profit centers.Rwanda offers a unique cultural experience for travelers.Time management is crucial for productivity.Travel experiences can teach valuable life lessons.Safety awareness is essential when traveling.Franchising requires a different mindset than traditional business. Thanks for tuning in! If you enjoyed this episode, don't forget to like it, leave a comment and subscribe to our podcast for more amazing content. Want to stay connected? Follow me on social media for updates and behind-the-scenes insights: ➙ Visit ⁠⁠www.maidthisfranchise.com⁠⁠ ➙ Instagram: ⁠⁠@neelbparekh ⁠⁠➙ X (Twitter): ⁠⁠@neelbparekh ➙ YouTube Channel: ⁠⁠⁠⁠@neelbparekh

    30 min
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Achieving the type of “freedom” you're seeking probably has already been done by someone else. So, why not just reverse-engineer the formula instead of re-inventing the wheel? Neel Parekh, CEO of MaidThis Franchise, interviews people who have already achieved Time, Location, or Financial Freedom and dive into their stories. The common thread: how to live life on your own terms.

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