From a technical perspective, franchising is merely a marketing maneuver that can be used to expand an established company and/or, to generate additional working capital. At its bare bone basics, franchising is a business arrangement between an existing company (i.e., the ‘franchisor’ or ‘licensor’) and its new business colleague (you — the ‘franchisee’ or the ‘licensee’) that … [Read more...] about Franchise Business Financing Options: Startup & Working Capital
franchise funding
Funding a Business with a 401K (without Incurring IRS Penalties or Upfront Tax Obligations)
Most people don't know that the number one way entrepreneurs fund their startups is via their personal savings. More often than not, you will find that most lenders (i.e. traditional banks) don't provide business loans to startups. The top 3 options that most entrepreneurs have to fund their startup business (without giving up equity) include personal savings (via a 401k or … [Read more...] about Funding a Business with a 401K (without Incurring IRS Penalties or Upfront Tax Obligations)