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How to Prepare aHow and Where To Get Money for A Franchise Idea... Part 5


One word of caution before you jump into any franchise purchase agreement: The price you pay to participate in a franchise operation is not always the total cost involved in getting the business off the ground. With some franchise operations, you may find other costs such as down payments on the purchase of property, building construction costs, remodeling or site improvements, equipment, fixtures, signs, advertising, and training.

Virtually all franchise deals require that in addition to the purchase price or the license fee of the franchise, you're required to give a certain percentage of your gross business income to the franchisor, plus extra payments for promotion and administrative costs.

Above all else, before you get involved in a franchise, or any business venture for that matter, make sure you've conducted a complete and thorough investigation of the opportunity presented. If it's a good deal, then go with it; but if you have any doubts or feel as though you're getting in over your head, back off and look around for something not quite so ambitious, or perhaps expensive.

There are a lot of good franchise opportunities, and some not so good. It's important that you be sure of what you're investing in, and that you can make money with it. From there, preparing the proper business plan and the necessary financing, while not
always a snap, can be done. Now's the time to do it! We wish you outstanding success with your franchise business.

Previous Articles:
How and Where To Get Money for A Franchise Idea... Part 1

How and Where To Get Money for A Franchise Idea... Part 2
How and Where To Get Money for A Franchise Idea... Part 3
How and Where To Get Money for A Franchise Idea... Part 4

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