For some small businesses, deciding to franchise is one of the best decisions the owners of those businesses ever made. Just take 7-Eleven, Subway and Pizza Hut for example. 7-Eleven, the international convenience store chain, started out as a Dallas-based ice company. Subway, the fast-food alternative of today, got its start when a 17-year-old boy and a family friend opened up a small sub shop in Connecticut with a ,000 loan. And 50 years ago, Pizza Hut was a tiny pizza parlor on a busy road corner, operating on second-hand equipment.
Stopping to think about where these businesses would be today had their owners not decided to franchise, can make a small business owner wonder what opportunities lie ahead for his/her own small business.
When a business owner decides to franchise his/her business, they are entering into a "continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and regularly with the franchisor's guidance, in change for a fee," states investopeida.com.
Many business owners resolve to franchise their businesses because it is easier and less stressful than being the "person in charge" of many locations, often far away from one another.
One of the important questions that arise when contemplating franchising is that of business funds. Fortunately, small business owners can use a business cash enlarge to help finance their ventures.
Of course, when it comes time to franchise, the franchisee is responsible for most of the costs. Franchisees pay for the lease, the improvements, and they even pay an upfront fee for the usage of a company's logo, trademark, brand, etc. But before a small business owner can even get this far, he/she has to feel the costs of establishment his/her business for franchising. "Legal fees, consulting fees, marketing expenses, and reserve staff will run you in any place from ,000 to 0,000," said Kenneth Franklin, president of Pittsburgh-based consultancy Franchise Developments, as stated in a business Week article.
A business cash enlarge can help pay for these costs. Small business owners who have been in business for a minimum of four months and process daily credit card sales can get in any place from ,000 to 0,000 to cover the costs that come along with taking a small business to the next level.
The repayments will be taken as a small ration from the credit card sales of the borrower's business, making the repayments virtually unfelt.
Even after franchising the business, the owner can continue to renew his/her business cash enlarge account, making funds ready whenever they are needed.
If you are ready to take the next step with your business and the only thing holding you back is a lack of funds, consider a business cash enlarge and make an investment in your business.
Can I Use a company Cash enlarge to Franchise My Small Business?
