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.
Helping you boost your financial intelligence.
Read our financial resources from your friends at WSFS.