How to Get Started in Franchising | FranFinders
If you’ve always wanted to be your own boss but didn’t know where to start, then here’s what you need to know to get started in franchising.
1 – Set an objective. Know your reason why. Is it to have additional
income or to be your own boss or to grow your wealth? You need to know your why. Stay focused on your “why.”
2 – Know your budget. Determine how much you have to invest in a
business. How much liquid capital, and how much borrowed capital you can get. Find out how much cash flow you need to break even, both for your personal, but for your new business.
3 – Have an end date. Set a target date that will be the day you open your new business. Like any other goal, by by putting a solid date on the calendar, you’ll what’s necessary to get the job done.
4 – Be determined. Adopt a “whatever it takes attitude” and do not stop until you achieve your goal. It’s your future, don’t leave it up to chance. Be determined to finish the drill, no matter what.
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