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.
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