Sunday, December 11, 2011

How does one go about opening a franchise without having huge net worth and liquid assets?

I am looking to open a franchise that requires a very high net worth and high investment. Is there anyway around this??How does one go about opening a franchise without having huge net worth and liquid assets?
you'll then need some partners.How does one go about opening a franchise without having huge net worth and liquid assets?
Be an online distributor.
Nope - the company set these for a reason. To make sure your business is capable of operating without worrying about incoming sales since it takes a while to build a clientele.
Find a business that fits YOUR abilities, you probably don't have a huge net worth or assets, so find something that you can get started with. Buy a smaller business and see if you can get seller financing, SBA loans, or find partners and investers. It's also good to purchase existing businesses because you already have customers.
Unless you have a ready product to sell, i.e. IT related products, it will be much easier. Cos opening franchise may seem to me more of service industry, machinery and goods will be enough to burn a hole in your pocket in the beginning.



But if your business is that good, probably you can throw away the pants and get 10 more pair of pants.

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