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Should I purchase a franchise opportunity that sounds fantastic, even if it's more than I can really afford?

Budgeting for a Franchise Opportunity

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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