Buying into a franchise can be a smart decision on a number of levels. If you are looking into doing business this way, however, you must be able to finance your franchise. Watch this video clip for a few tips for financing your franchise.
A franchise purchase is an investment, so the first step is to be confident in the direction you are going. Fortunately franchises typically have a business model that is already in place that can help you succeed. When it comes to getting the franchise started, consider borrowing from your 401k or your relatives and paying either back at a later date. Keep in mind that even though your franchise may come with a proven model, there are still expenses for aspects like advertising.
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