Where Do Franchisors Make Their Money?

Small Business Trends:

I have a challenge for you, if you’re up to it. Are you ready?

I want you to ignore every pre-conceived notion you have about franchising for a few minutes. Pretend that it’s your first time learning about the franchise model. Be at one with the newness of it. Deal?

Let’s say that you’re the owner of a dog-training business. Your business has been growing steadily since you started it, 4 years ago. You’ve hired more people every year, and you’re thinking of expanding, especially since an ideal commercial space recently opened up in an industrial park two suburbs over.

In your mind, now’s the time to do this, as small business loan rates are at historic lows.

You’re Just Warming Up
What you’d really like to do is turn your dog-training business into a franchise business. That way, you can continue expanding your business by using other people’s money. (OPM)

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