Matt Remuzzi is an accountant who specialises in working with Franchisees. He stared his accounting firm, CapForge, after working a number of different businesses including a catering company.
Some of the franchisees Matt works with are from brands like Servpro, Molly Maid, Edible Arrangements, Caring Transitions, Fiesta Insurance, Autoqual and Pizza Studio.
Matt’s advice to his 20-year old self would be to focus! Accumulate the 10,000 hours of experience in your chosen field.
Matt belives delegating is at the heart of success because it frees you to build your business, not be stuck in the day to day admin.
For CapForge, it’s new client acquisition! But for franchisees, the answer is often reporting. Sales tax, payroll tax, income tax, licenses, permits, health regulations, etc.
Matt sometimes struggles to find the time to train his staff to excel.
His worst moment in business was a doozy! They had a fire in our catering kitchen during the Christmas holiday rush. 12 parties and over 5,000 people were depending on them to deliver. Find out how it went by listening to the episode!
What excites Matt at the moment is people moving online and recognizing they don’t need to be limited to local choices for so many services. Not just books, but design, marketing, etc- you can find great providers all over the world who will do as good of a job or better than just your local options.
Matt’s number one piece of advice for franchisees: Take the time to do your due diligence- weigh the options, make sure you understand the pitfalls and opportunities don’t just let the dream run over power your skepticism
Before you start trading: In the beginning it is going to require a full time effort- you can’t be an absentee owner in the first stages of your business
Matt’s number one place for franchising advice is: If you haven’t yet you should check out Joel Libava over at https://www.thefranchiseking.com/
Thanks for reading franchisee nation! This interview was packed with tidbits and take-aways.
If you’ve got a suggestion for a guest who would be a good fit for the show, email me [email protected]!