Independent Articles and Advice
Login | Register
Finance | Life | Recreation | Technology | Travel | Shopping | Odds & Ends
Top Writers | Write For Us


PRINT |  FULL TEXT PAGES:  1 2
The Costs of Buying and Running a Franchise 
 
by Diana Bocco July 11, 2005

Before Investing, Ask Yourself

  • Do you have the entire amount required to pay the opening fee?
  • If not, can you partner with others who do?
  • Will you be applying for financing? Are you sure you qualify for it?
  • If the franchise doesn’t make any money in the first few months, how will you support yourself?
  • If it doesn’t work out, can you afford to lose the investment?
  • Are you qualified? Have you ever owned a business? Do you know how to manage large sums of money? Will you hire an accountant?
  • Is there a demand for the type of business you want to open?
  • Have you investigated the company? Do you know how much you can expect to make in a year? How much will your expenses amount to? Can you live with the difference?
  • Have you consulted with a lawyer?

Finally, inform yourself carefully before making a final decision. If you do decide to invest, do it once you are fully aware of what to expect. 

PREV PAGE 1 2 NEXT PAGE

 




Home  |  Write For Us  |  FAQ  |  Copyright Policy  |  Disclaimer  |  Link to Us  |  About  |  Contact

© 2005 GoogoBits.com. All Rights Reserved.