7 Ways Franchises Help Franchisees Obtain Financing
From developing a business model, to building your branding and obtaining financing, starting your own business is an intimidating process. Many entrepreneurs pursue franchising as a form of business ownership, because it offers a more guaranteed model for success than starting over on your own.
Franchising provides a ready-made brand, a ready-made product and a ready-made process for success — all adding up to a template franchisees can follow to build a successful business.
[read more=”Read more” less=”Read less”]Clipped from: http://www.entrepreneur.com/article/252183[/read]
I wish I had known to ask these 5 money questions when starting my franchised business
By Elizabeth Gillam
I asked many questions of the franchisor when I started my first franchised business but if I had my time all over again I would definitely ask these five money questions to ensure that my first year wasn’t so stressful.
[read more=”Read more” less=”Read less”]1. What operating capital will I need until the profit starts to roll in?
2. How long until the business should be breaking even?
3. How much extra cash will I have to access until the store breaks even?
4. What financing options exist and how much money do I have access to?
5. How financially strong is the franchisor?
Clipped from: https://www.griffith.edu.au/franchise/home/topics/franchise-business-management-topics/i-wish-i-had-known-to-ask-these-5-money-questions-when-starting-my-franchised-business?dm_i=2Y5A,4A8Q,1OZMOO,CJZN,1[/read]