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5 Marble Slab Creamery Myths About Franchising: Busted!
A solid piece of advice that a financial planner will often provide is to, “Make your money work for you.” Typically, that can mean investing in the stock market or into a business venture. Fast food franchises have become reliable sources of income for many investors.
If you’re looking to start your own business, you might want to start with an investigation into franchise opportunities. Perhaps the following myths have been holding you back? Time to bust those myths!
Topics of Discussion
- Myth #1: I Can’t Afford a Franchise
- Myth #2: Buying a “Hot” Franchise is the Only Way to Go
- Myth #3: Opening a Franchise Means I Won’t Have Any Time For Myself or My Family
- Myth #4: I Need a Business Degree to Run a Business
- Myth #5: I Need to Be Passionate About the Franchise
1. Do you know how many businesses start out with a business loan? When approaching a bank for this type of loan, you might find that they are more open to fast food franchises than a business that is starting from the ground up. That is because they know as a franchise owner, you’re going to get an amazing amount of support and resources from the parent company.
2. You can look at the list of top five fast food franchises 2015 and see some very familiar names. Does this mean those are the only franchises you should aim for? Absolutely not. Just because something is hot in the moment doesn’t mean it will always stay that way.
3. While it’s true that a franchise business is going to require you devote a lot of time and energy, the goal is to make it self-sufficient. You want your staff to be able to handle the business without you looking over your shoulder all the time. Thankfully, the franchisor will provide all the training you need for your staff which gives you more time for yourself and your family.
Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.
