Small Biz Insights: Funding and Growing Your Franchise
running-a-business | Read Time: 2 minutes
By Eric Springer | Published: September 2023
Franchising is a rewarding endeavor for many small business owners and entrepreneurs, but it is also a long and winding road, from meeting franchisor requirements to securing necessary financing to get the business started.
Why it matters: Every step in establishing and growing a franchise small business should be planned and executed by taking these steps:
- Determine your short- and long-term goals.
- Know your options for accessing capital.
- Keep your long-term vision in sight.
Branch out: When you are ready to consider growth strategies, don’t box yourself in—you can have multiple goals that impact your business now and well into the future.
Go Deeper: Learn more about how WSFS Bank franchise Customers Mighty Quinn’s BBQ and Club Pilates started their franchises and the journey of building generational wealth.
About the Author – Eric Springer
Eric Springer is Vice President, Integrated Communications Manager at WSFS Bank. He brings nearly 20 years of experience in corporate communications and marketing for banking, professional services and nonprofit organizations.
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