For individuals seeking the rewards of entrepreneurship but looking for a safer bet when launching into the business space, purchasing a franchise is a great route to go. Some even refer to franchises as a paint-by-number business. You get the proven game plan from the franchisor and then implement their rock-solid system. This route is especially popular for individuals looking for a second career, often times exiting the corporate world.
But no matter where you are in your professional life, once you’ve decided to pull the trigger on the franchising route, you’ll need to address how you’ll pay for it. Here are several options to consider.
