Corporate Leadership to Franchise Success: Part I Funding Options

Are you ready to break free from the corporate roller coaster and take control of your future? Franchising is one road to business ownership that helps you create the lifestyle and financial security and independence that most corporate careers don’t offer. Over the next few weeks, I’ll address each step in the process to explore your opportunity to break free and take control of your future.

My experience and partnerships with Franchise Building Expert and Business Alliance, Inc. , ensure you have the opportunity to explore every detail of the process.

Recent Client Success

Successful by every measure in the corporate world, a curious couple knew they wanted to own a business and build generational wealth for their young children. They had a startup idea, however they understood the trials, and cost to prove a new concept. So, we went to work to find a franchise brand that fit their vision and long-term goals.

Our first 4-5 conversations focused on the type of business that fit their combined strengths, could be scaled for regional domination, and included their children. I presented 5 various brands that checked all of their boxes, however one brand caught their attention, and they wanted to know much more.

I made the introduction with the brand and 5 months later, after thorough due diligence , exploring multiple funding options, legal review , and an overall reassessment of their initial reason for calling me, they signed the franchise agreement, beginning a beautiful partnership where everyone wins.

The next few weeks, I’ll talk about each step in the process and the main questions to consider helping you determine if becoming a franchise owner is the right path for you and your family.

Your only commitment is to yourself until you sign your franchise agreement. We are all different and owning a business isn’t the right path for everyone, however since the exploration costs you nothing except a few (2-3) hours per week and some soul searching, isn’t knowing better than wondering for the rest of your life?

For roughly 70% of the more than 4500 franchise brands in the US, the total investment to start a business that owns a franchise is $75,000 - $150,000. This week, I’ll tell you about various funding options if you’re not part of the small percentage of folks who have that kind of cash lying around the house or buried in coffee cans in the backyard.

Funding Options

I introduce you to trusted funding experts that design your optimal investment strategy. The following funding options are not mutually exclusive and can be combined to find the right strategy for your lifestyle and risk tolerance:

- Roll Over for Business Startup (ROBS) - This option allows you to use your 401K to help you fund your new business without penalty or interest for early withdrawal.

- Unsecured Line of Credit - Clients with a qualifying credit score, usually 700+, can obtain an unsecured line of credit up to $500,000.

- Small Business Administration (SBA) Loan - Many banks partner with the federal SBA to help business owners secure funds for their new business.

- Self-funding - You may have built a significant investment portfolio over your corporate career and are ready to invest in yourself with the opportunity to earn more than the 8-10% average returns for the stock market. There are options to use the funds directly or as lending security.

- Home Equity Line of Credit (HELOC) - You have $50,000 or more in your home’s equity. Our trusted funding experts can help you use that equity to invest in yourself.

- Partnerships - You have friends or family that believe in you and are ready to help you succeed while increasing their investments at the same time.

Ready to explore your options and take the first step to invest in yourself? Click the link in the comments and let’s talk. With my 20 years experience as a successful franchise owner, and 26 years in the franchising world, I help clients explore their options.

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