How to Save Enough Money to Open a Hot Dog on a Stick Franchise

You’ve decided you want to open a franchise restaurant. After speaking to representatives and getting the process moving, you realize you are going to need money to get started.

Here are some ideas for saving up money to join a franchise.

Topics of Discussion

• Make a habit
• Sacrifice
• Friends
• Do extra work
• Ask for advice
• Do franchises make money?

1. Automatic transfers can make this very easy. Have your bank or credit union set up a second savings account with an automatic transfer every month. As long as you don’t touch this money, you could have potentially saved enough to help you start your franchise restaurant.

2. Maybe you really wanted to buy the expensive car or smart phone, but even more you want to save up and run your own franchise restaurant. By not buying the car or phone now, you will later have the money you need to start your franchise.

3. This doesn’t mean ask friends for money. But let your friends know they need to support you in your decision to save for your franchise restaurant. You could make a contest of saving money or play other games to help you save.

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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.