With so many people looking for a job, or looking to replace a lost job with their own business, it’s somewhat surprising that there isn’t more buzz about franchising.
Money — or, more correctly, the lack of money — seems to be the reason.
Yet, as we’ll discover next week when we explore franchising with Jim Delaney, seven months into ownership of a Speedpro Imaging franchise in Lombard, franchises can be successful. The key, according to Delaney, is understanding both yourself and what the business you choose requires.
Money does count, however, although John McLellan says, “There are a variety of affordable franchise opportunities under $100,000.†That’s still a bundle, especially for business owner wannabes who traditionally have used home equity or 401(k) dollars to finance a start up of their own or a franchise.