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TGCI 164: Want to create a side hustle with a Franchise? How do you know if it's for you?

Nov 15, 2021

In today’s show, Pancham interviews Giuseppe Grammatico - franchise advisor, consultant, speaker, author of Franchise Freedom: A New Manifesto For Your Financial And Time Freedom, and host of the Franchise Freedom Podcast.

Have you ever thought of owning a business but aren't sure if it’s the right fit for you? Wanting to start a business but doesn’t want to start from the ground up? Do you want another source of income wherein systems are already set up and you just need to follow certain procedures? Well, franchising may be the answer to all of your questions! 

Join us in today’s episode as Giuseppe provides you a glimpse of the business world as he shares his expertise on franchising! He’ll simplify the process of franchising as he discusses how you can get started with owning one, why researching every single franchise is not gonna work, and why you should find a franchise that matches your character!

Listen and enjoy the show!

 

Quote:

“A franchise is a great way to have this support system which can turn into other things.”

Timestamped Shownotes:

  • 1:28 - Pancham introduces Giuseppe to the show
  • 2:52 - How he realized that franchising is perfect for him
  • 6:43 - Top reasons why you should consider investing in a franchise
  • 8:58 - Why your long-term goals are a deciding factor to get started
  • 12:47 - How the “4-Step Process” will give you a headstart in franchising
  • 19:30 - On the growth of home services and health industries during 2021
  • 24:00 - How shifting your mindset can beat your fear of making that first step
  • 32:47 - Taking the Leap Round
  • 32:47 - His first franchise investment in 2007
  • 32:55 - How he overcame his fear when he first started investing
  • 33:35 - How his investment didn’t turn out as expected
  • 34:58 - Why investors should focus on their vision and their goals
  • 35:57 - Where you can get a FREE copy of his book

3 Key Points:

  1. Franchising is a great stepping stone to get into business ownership. Getting into franchise investing could help motivate you for what’s next in your goals.
  2. Look at franchises that best fit your own business model rather than compromising your model into a franchise as it can turn out the complete opposite of what you wanted.
  3. Start to work backward by identifying your vision and end goals first before you work on how you’ll get there. 

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