The case for buying, owning, and operating a franchise can seem quite compelling: You, at least in a sense, own your own business, but you’re not alone during the operation. You have some latitude to operate independently — yet you also should have access to assistance from the franchisor. The product or service has already ... How to Safeguard Against Franchise Fraud in 2019...Read More
By Elliot Ginsburg | Posted January 28, 2019
The case for buying, owning, and operating a franchise can seem quite compelling: You, at least in a sense, own your own business, but you’re not alone during the operation. You have some latitude to operate independently — yet you also should have access to assistance from the franchisor. The product or service has already … How to Safeguard Against Franchise Fraud in 2019
Read MoreBy Elliot Ginsburg | Posted January 28, 2019
When it comes to financing a franchise, you have several options to choose from—withdrawing funds from your retirement account, small business administration loans, financing through the franchisor, home equity loans/second mortgages, borrowing from family or friends, or using your own savings. If you are opting for any sort of loan or outside financing, there are … 5 Tips on Financing a Franchise
Read MoreBy Eric Bell | Posted May 17, 2018
Many entrepreneurs new to starting a small business know there are a few legal procedures they must accomplish before they can open up shop. Some of the primary ones include incorporating or forming an LLC to protect their assets, obtaining employer identification numbers (EINs) if they plan on hiring employees, and filing annual reports to … What’s a DBA and Why Does It Matter to a Franchise?
Read MoreBy Deborah Sweeney | Posted May 8, 2018
Forming an S Corporation Allows Franchisees to Save on Payroll FICA Taxes Whether you’re buying an existing franchise or taking your own business and turning it into one, franchisees know that it’s a requirement to incorporate a franchise. While LLCs and Corporation tend to be the most common entities chosen, S Corporations have also risen … How an S Corporation Saves Franchisees Money
Read MoreBy Deborah Sweeney | Posted January 26, 2018
As with starting any new business, creating a business plan for your franchise is a critical step in the buying process. This plan will outline the expectations of your new business as well as help you think about and prepare for the challenges you may face. And if you are looking to secure financing for … How to Create a Franchise Business Plan
Read MoreBy Suzanne Musial | Posted August 8, 2017
If you like the idea of being self-employed but also entering the marketplace with an established business, then a franchise could be the right opportunity for you. What is the best franchise to own? There is a lot to learn before taking the leap into the franchising world. Your investment level, experience, and interests will all … What Is The Best Franchise To Own?
Read MoreBy Suzanne Musial | Posted August 1, 2017
Buying a low cost franchise is a great option for those who may have big dreams of business ownership but smaller pockets. Generally, low cost opportunities are those whose cash requirements range from less than $20,000 up to $100,000. Once you determine what you can afford, you can begin the search for your new business. … How to Buy a Low Cost Franchise
Read MoreBy Suzanne Musial | Posted July 24, 2017
Starting your own business is a dream that many Americans hold dear. If you have longed to work for yourself, and not someone else, you understand this desire to take a risk and blaze your own trail. The entrepreneur starting out small and building their idea into a successful company appeals to our love of … How to Start Your Own Business
Read MoreBy Eric Bell | Posted March 28, 2017
Many people dream of being an entrepreneur. By purchasing a franchise, you can sell goods and services that have instant name recognition while benefitting from training and ongoing support to help you succeed. However, like any investment, purchasing a franchise is not a guarantee of success. It’s important to do your due diligence before making … Consumer Guide to Buying a Franchise
Read MoreBy Stephan Baldwin | Posted December 1, 2016
BoeFly, the online exchange that successfully connects business borrowers with the over 1000 participating lenders, has analyzed the financing requests posted on its marketplace and has identified the following key elements necessary for obtaining business loans on the best possible terms: 1. Be Prepared – First impressions count, submitting a "bank ready" request may very well … The 5 Keys to Getting a Business Loan
Read MoreBy BoeFly | Posted October 18, 2016
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