Picking a franchise to invest in is a big decision, and one that often requires a lot of soul searching. Beyond the financial investment that these businesses require, there are many personal sacrifices and a certain level of risk that is involved in becoming your own boss.
A potential franchisee seriously interested in becoming an entrepreneur will take several demonstrative steps throughout the ownership process. Allow us to introduce to you the Top 5 Pitfalls of franchise funding.
We no longer live in a one-career society. In my grandfather’s day, a person often had the same job his whole life. My father had two. I've already made four major career changes and have over 20 years left in the workforce.
The Small Business Administration (SBA) is an independent agency of the government that helps Americans start, build and grow businesses. Although the SBA does not directly offer loans or financing, it does offer SBA-guaranteed loan programs, through lending institutions.
Although it may not be immediately evident, a franchise company is under no obligation to award a franchise to just anyone who can afford the franchise fee.
The franchise agreement is the written contract between the franchisor and franchisee. It is the fundamental legal document upon which the franchisor-franchisee relationship is based. The franchise agreement details the conditions that both the franchisee and franchisor must understand and accept.
Finding just the right franchise opportunity to fit your profile is the single-most important decision you will make in the entire process. The franchise opportunity is only the framework. Just make sure that this framework is a match for your abilities and passion. In time, the rest should take care of itself.
At the present time, many home based franchise business opportunities are available for you! The newest is the low cost ATM franchise business.
People love lists. In keeping with this theme, FranNet is proud to bring you, the reader, the "Top-8 Franchising Do's & Don'ts."
SMS Masterminds are the masterminds behind mobile marketing that can help establishments and small to medium-sized businesses build customer relationships.