3 Hot Tips to Help Finance Your Franchised Business
“The best way to predict the future is to create it.” – Abraham Lincoln
You’ve decided this is the year you are going to start working for yourself yet one thing is holding you back. Drive? No. Determination? No. It’s money. Or rather, lack of money to invest in a business. You’re not alone. 68% of people surveyed in a Gallup poll stated money as their reason for not starting a business.
Fear not, future entrepreneurs! Don’t let that, or anything, hold you back from achieving your goal. We’ve gathered a few tips that may help you find the resources or even help reduce your start-up costs.
Hot Tip #1: Tax Refund
How are you planning to use your tax refund? Instead of using it to buy more stuff, your tax refund can be an opportunity to invest in yourself and your future! Using your tax refund to help buy your franchised business is a great way to stop dreaming of becoming your own boss and make it happen.
Hot Tip #2: Look to the Franchisor
Did you know that some franchisors offer financing plans to help cover portions of the franchise fee, equipment, or other associated costs? No need to deal with a bank loan. Coverall offers a range of investment options and financing plans.
Hot Tip #3: Veteran Discount
Are you a Veteran? Good news! Several military-friendly franchisors, including Coverall, offer discounts to qualified Veterans* looking to purchase a franchised business.
Finding resources to help finance your franchised business is important, but perhaps more important is simply getting started! Will you be the next Coverall Franchisee?
-This offering is made by prospectus only. See Franchise Disclosure Document for details
*Qualified Veterans receive a 10% discount on the initial franchise fee on the purchase of a Coverall Franchise.
Coverall North America, Inc. and its Master Franchisees license and support more than 8,000 independently owned and operated franchised commercial cleaning businesses worldwide under the Coverall® name and System. Franchise offers made through prospectus only.
Kristi Williams is the Digital Marketing Coordinator for Coverall. Her background includes web design, programming and creative content. She enjoys reading, traveling and running marathons.