How To

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5 Tips on Financing a Franchise

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....Read More

By Eric Bell | Posted May 17, 2018

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What's a DBA and Why Does It Matter to a Franchise?

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...

Posted May 08, 2018

How an S Corporation Saves Franchisees Money

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...

Posted January 26, 2018

How to Create a Franchise Business Plan

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...

By Suzanne Musial | Posted August 08, 2017

What Is The Best Franchise To Own?

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...

By Suzanne Musial | Posted August 01, 2017

How to Buy a Low Cost Franchise

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...

By Suzanne Musial | Posted July 24, 2017

How to Start Your Own Business

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...

By | Posted March 28, 2017

Consumer Guide to Buying a Franchise

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....

By | Posted December 01, 2016

The 5 Keys to Getting a Business Loan

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....

By | Posted October 18, 2016

How to Figure Your Franchise Income

When looking to buy a franchise, one of your biggest questions will likely be “How much money can I make?” Although it’s probably the main concern for prospective franchisees, it’s also the most difficult to determine because there are so many variables involved. Franchisors can...

By Suzanne Musial | Posted August 10, 2016

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