Terry Powell and The Entrepreneur’s Source: Tips for Finding Funding in Franchising
Terry Powell and The Entrepreneur’s Source: Tips for Finding Funding in Franchising
Often times, funding is one of the most critical pieces in making the connection between franchisor and their newest franchisee. Purchasing a franchisee can be a daunting decision for an individual, as often they have been saving investment money anywhere from 10-30 years.
Below are tips on making the franchising decision and finding funding:
- Look at it as proactive investment: In today’s economy, many investments are reactive. Candidates might be waiting to sell their home, re-enter the job market or have their stocks and bonds mature. Investing in franchise is more of a proactive investment, or a business they can control with a built-in support system and a team behind them. The investment is much less risky.
- Studies show many of the nation’s top companies started in shaky economy, as it is a great breeding ground for ideas and encourages individuals to “take a leap.”
- There are many funding opportunities available. The relationships E-Source Business Coaches have made throughout the franchising community can give access to several funding opportunities, even locally. Franchisors also sometimes offer creative financing options, especially for women in business, minorities, veterans and even college graduates.
“People from all walks of life are making career transitions, and many are now choosing to take control of their own destiny by considering becoming self-sufficient. The Entrepreneur’s Source provides aspiring entrepreneurs with the tools needed to create a roadmap to financial freedom,” says Terry Powell, Founder of The Entrepreneur’s Source, which has helped tens of thousands of people find new business opportunities throughout its 25-plus years.
Visit www.entrepreneurssource.com/blog for more information.
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