What Do you need to start a business?

Right now there are hundreds of “top-shelf” franchise companies that are actively and aggressively aiming to identify people who meet their well-defined criteria for franchise ownership.  They know the skills that will be needed, but more importantly they understand the drive and determination that must exist in each person they approve as a franchisee.

What Color is your parachute?

Once you choose a franchise that fits your life and budget, it’s time to start investigating the company. You’re not just buying a franchise, but a system. And it has to be a perfect fit for you. Meet with the top execs in the company, and track down existing franchisees on your own. Ask plenty of questions.

Overcoming unforeseen career challenges

Recognize that when one door closes, another opens. If a layoff happens because of economic impacts on business, you cannot take it personally. You are enough! Sure, you were comfortable and confident at your previous job, but were you living your dream?

Funding your new franchise

Many successful franchises are fully funded by ROBS transactions, and many more are funded using retirement funds as equity injections for larger SBA loans. Using such tools can be both a responsible and lucrative investment, as well as a great way to grow your retirement funds.