HIRE YOURSELF Blog

Five Franchise Funding Mistakes You Should Avoid

Posted by HIRE YOURSELF on Jan 28, 2020 7:00:00 AM

There are many ways to fund a franchise. Using cash is the easiest and most straightforward option, but if you have no other liquidity, that is a bad move. Burdening yourself with an unneeded or incorrectly structured loan can also wreak havoc on your business plan.

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Topics: Funding, Franchise

Four Signs You’re Stifling Your Inner Entrepreneur

Posted by HIRE YOURSELF on Dec 26, 2018 12:34:58 AM

By Pete Gilfillan

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Topics: Funding

The 3 Factors That Will Determine If You Can Afford A Franchise

Posted by HIRE YOURSELF on Oct 19, 2018 1:06:00 PM

The leap from investigating a franchise to buying one requires a reality check from any potential investor. Franchise loans are out there, but getting selected as a franchisee has different requirements. There are three main components that will determine if you are financially solvent and solid enough to buy into the franchise you choose: your net worth, your liquid capital, and your credit history.

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Topics: Funding, Franchise, entrepreneurship

Franchise Funding: 8 Ways to Pay for Your First Location

Posted by Nat Truitt on Oct 18, 2018 12:17:00 PM

With your business plan in hand, it’s time to tap all your available resources to find the best available financing at the lowest cost to you. As you enter this phase of capitalization, keep in mind that there are lenders, accountants and attorneys who specialize in franchise financing. In some cases, they represent your best chance of a smooth, successful financing experience.

Podcast Episode: Don't Make These Franchise Funding Mistakes
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Topics: Funding

Franchise Finance: How Much Money Does It Take To Start A Franchise?

Posted by Nat Truitt on Oct 11, 2018 12:13:00 PM

Most franchise companies require a minimum level of liquid capital. They know that businesses often fail because they are undercapitalized, and they want to be sure franchisees are set up for success.

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Topics: Funding, Franchise

5 Reasons Your Corporate Job Security Might Disappear

Posted by Pete Gilfillan on Aug 7, 2018 11:06:00 AM

Financial security. Career stability. On the most basic level it’s what we all work for—the ability to hit the pillow at night knowing we are, and will continue to be, able to provide. It’s easy to think that once you’ve got a corporate job and a substantial paycheck, you’re set. But in this day and age, that’s a myth.

The fact is, the kind of career and financial stability provided by corporate employers gets more fickle and fleeting with every passing year. As a franchise consultant who’s worked with countless candidates who got caught unprepared by corporate moves that pushed them down or out, I know from experience that if you want true career and income stability, you might want to start thinking about building it for yourself.

Jim's Success: A Corporate Downsizing Case Study
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Topics: Funding, Mindset, Franchise, How To Build Wealth