How to Get Started in Franchising
If you've always wanted to be your own boss but didn't know where to start, then here's what you need to know to get started in franchising.
1 - Set an objective. Know your reason why. Is it to have additional income or to be your own boss or to grow your wealth? You need to know your why. Stay focused on your "why."
2 - Know your budget. Determine how much you have to invest in a business. How much liquid capital, and how much borrowed capital you can get. Find out how much cash flow you need to break even, both for your personal, but for your new business.
3 - Have an end date. Set a target date that will be the day you open your new business. Like any other goal, by by putting a solid date on the calendar, you'll what's necessary to get the job done.
4 - Be determined. Adopt a "whatever it takes attitude" and do not stop until you achieve your goal. It's your future, don't leave it up to chance. Be determined to finish the drill, no matter what.
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Chris & Heather Sims
Interim HealthCare
"We initially didn’t understand the process and rewards of working with a franchise broker. But as the old adage goes, 'you don’t know what you don’t know.' Sue Bennett quickly became acquainted with our needs and gave us a different point of view. With her help, we were able to more quickly recognize opportunities that fit our needs. With her help, we are now off and running to what we look forward to being the best career decision of our lives and we will forever be grateful for Sue’s help."
