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5 Franchise Tips
If you are thinking about purchasing a franchise, keep the following 5 tips in mind.
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What is an FDD?
A franchisor will send you the company’s Franchise Disclosure Document (FDD) once you have filled out an application and indicated serious interest in the franchise.
The FDD very clearly defines what the franchisor will do for you and what s/he expects of you. There are 23 important parts... |
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Selecting the Right Franchise
In Part 1, you checked out your franchise options and decided to purchase a franchise. You have decided which one of the 75 franchising industries is right for you and have narrowed it down to maybe three or four different companies. The big decision now is to select the one franchise... |
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Growing the Franchise
You, the franchisee, have supported this system with your royalties and initial purchase price and it now will be one of your biggest assets as you decide to grow your business.
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5 Tips to Creatively Search For Funding
5 Tips to Creatively Search For Funding
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Opening Day Balance Sheet
A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day.
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Balance Sheet Projection
Projecting your balance sheet can be quite a complex accounting problem, but that does not mean you need to be a professional accountant to do it or to benefit from the exercise. The desired result is not a perfect forecast, but rather a thoughtful plan detailing what additional resources will be... |
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Bank Loan Request - PDF
Use this template as a sample cover letter for a bank loan request.
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Business Plan Template - Startup Business
This business plan template is a generic model suitable for all types of startups. However, you should modify it to suit your particular circumstances.
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1-Year Profit and Loss Projection
Use this Excel worksheet to to calculate the projected profit and loss of your business for the next year.
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