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What Happens After Signing The Franchise Agreement? - Part 1
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In this episode of the Franchise Freedom podcast, host Giuseppe Grammatico, The Franchise Guide, discusses the necessary steps and considerations for new franchisees after signing a franchise agreement.
The podcast covers initial steps such as setting up a legal entity and business banking account, followed by the new franchisee's journey including training, staffing, and operational setup.
Giuseppe emphasizes the importance of training for both the owner and the general manager, choosing the right location for brick-and-mortar franchises, and the nuances of staffing including the role of the general manager for semi-absentee owners.
Additionally, the episode touches on the importance of local networking through chambers of commerce, managing payroll and insurance, and preparing for the physical aspects of the business like acquiring vehicles and equipment.
Giuseppe also highlights the importance of planning and budgeting, especially in terms of cash reserves, licenses, and other state-specific requirements, setting the stage for a smooth operational launch.
The podcast is aimed at individuals looking to transition from corporate to franchise ownership, offering them insights into the post-agreement phase of opening a franchise.
Connect with Franchise Freedom on:
Website: https://ggthefranchiseguide.com/podcast/
LinkedIn: https://www.linkedin.com/in/giuseppe-grammatico/
Facebook: https://www.facebook.com/GGTheFranchiseGuide
X: https://twitter.com/ggfranchguide
Instagram: https://www.instagram.com/ggthefranchiseguide/
YouTube: https://www.youtube.com/@ggthefranchiseguide
Apple: https://podcasts.apple.com/us/podcast/franchise-freedom/id1499864638
Spotify: https://open.spotify.com/show/13LTN5UzA57w2dTB4iV0fm
The Franchise Freedom: Discover Your New Path to Freedom Through Franchise Ownership, Book by Giuseppe Grammatico https://ggthefranchiseguide.com/book or purchase directly on Amazon.
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