I am a mechanical engineer and to date I have been an employee so small business ownership is new to me. I am at the very beginning stages of starting my first franchise. It is a small sandwich shop which will be about a 0-400k investment. My application to the Franchisor is still is in the approval process and I starting to put together a team of people to do this. So far I have: Attourney, Accountant (for both book keeping and taxes), A Commercial Real Estate Agent, Insurance Agent, Credit Union Loan Officer. Does anyone have any recommendations of other ‘must have’ people whom I should inlude?
Thanks in advance.
You have enuf people. You need to protect yourself, tho. Some franchises sell too many. You buy a sub shop and find 3 others from the same company opening within 1 mile. That has been a major complaint.
Some companies insist that they find the location. That is not ok. You can not turn that over to them. A bad location will cost you your entire investment.