What to Financially Prepare for when Thinking of a Franchise

Published on March 12, 2025

If you're thinking about franchising as an investment or a career change to become your own boss, you need to know if you are financially prepared. The moment you think of it, and you google anything about franchising, or your phone reads your mind, you'll start getting ads saying you could start a business for 35K today! Well sort of but not really. That might be the initial fee but what comes after it, there is a lot more involved then just the initial franchise fee. So let's break it down so you can make a plan. Don't let this discourage you either, there is a franchise in just about everything and have a very wide investment range. Franchises have proven to have high profit potential, and play a huge role in our economy.

"The biggest risk is not taking any risk... the only strategy that is guaranteed to fail is not taking risks." – Mark Zuckerberg

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Why Veterans Make Great Entrepreneurs

Veterans make great entrepreneurs because of their leadership skills, hardworking nature, and results-driven mentality. They are 45% more likely to start their own business and make up 9% of all small businesses in the US. Veterans are able to adapt and plan for challenges, and they have a high success rate in their businesses. They […]

Read More
Retired Green Beret on being a Mr. Handyman Franchisee

Ned brings up some great points about getting into a franchise, especially if you're a veteran. First, take advantage of the resources available to veterans interested in entrepreneurship, such as seminars and workshops offered by the VA. Second, be financially prepared and have a safety net in place to cover operating costs during slow periods. […]

Read More
Interview with Puddle Pools Founder and CEO, Mark Avery

I had the opportunity to interview Mark Avery, founder and CEO of Puddle Pool Services, discussing the unique aspects of franchising in the pool maintenance industry. Mark shares his journey into franchising, the benefits of the franchise model, and how Puddle differentiates itself from competitors. We also spoke about the revenue model, scalability, marketing strategies, […]

Read More

Featured Franchises

PRIVACY POLICYCONTACT USPOWERED BY  FRANCHISE BROKERS ASSOCIATION
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram