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March 23, 2007, Newsletter Issue #57: Budgeting for a Franchise Opportunity
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Tip of the Week
Choosing a franchise opportunity is an important business decision as you will most likely be investing a large amount of money. Make sure the amount you are investing fits into your budget and that you have allowed for a ramp-up period before earning your projected income. Don't be fast-talked into spending more than you can afford. Some salespeople will put pressure on you to sign up "now" for the opportunity of a lifetime.
You should determine the range of investment you are comfortable with and investigate franchise opportunities within that range. Don't be sold on signing up for a franchise opportunity that costs more than your have budgeted. Good businesses take time to grow.
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