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.
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.
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]