30 Nov, 2018 - By Adam Goldman

Franchise Financing

One of the most misunderstood topics in franchising is financing. It is also one of the most important. Let’s say you don’t have all the money needed to start a franchise operation and want to get financing for the balance. Your first choice for financing – a bank – may not be your best. You need to gather information and develop a good working knowledge of the likely parameters of financing that apply to you and also the best sources of information about program options for you to pursue. Bank Financing Most people think that getting a loan to start a business is just a matter of talking to a bank. Afte

read more

30 Nov, 2018 - By Adam Goldman

FRANCHOICE, INC. Where “Helping People Realize Their Dreams” is more than just a slogan

What’s the best part of a FranChoice Consultant’s job? The answer you’d get from most of them is that it is their ability to positively impact the lives of hundreds of people every month. FranChoice is a franchise consulting firm that helps match would-be entrepreneurs with a franchise opportunity that best matches their needs, skills and interests. The home office, located in Eden Prairie, Minnesota, provides training to franchise-savvy consultants. These consultants, who work all over the U.S., take a detailed history of each person who chooses to use the service and then matches them with several franchise

read more

30 Nov, 2018 - By Adam Goldman

Advantages and Disadvantages of Franchising

To understand the advantages and disadvantages of owning a franchise business you need to have a basis for comparison. Other ways to realize your dreams through business ownership include buying a business opportunity and creating a business from the ground up. There are definite advantages and disadvantages to owing a franchise business over these other career or business ownership options but to know which path is right for you, you should first look at your motivations and qualifications for business ownership. Let’s consider three scenarios: § Scenario One You have been laid off from a 20-year career in

read more