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Options for owning your own business
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Owning Your Own BusinessOwning Your Own Business
www.on-target.com
(800) 720-0131
For more information about our company, please visit our website @
Or call us at
Owning Your own businessOwning Your own businessOwning Your own businessOwning Your own business
Exploring Yours OptionsExploring Yours OptionsExploring Yours OptionsExploring Yours Options
There are 3 popular ways to own your own businessThere are 3 popular ways to own your own businessThere are 3 popular ways to own your own businessThere are 3 popular ways to own your own business
1st Option: Start your own business1st Option: Start your own business
2nd Option: Buy an existing business2nd Option: Buy an existing business
3rd Option: Buy a Franchise3rd Option: Buy a Franchise
11stst Option Option11stst Option Option
Start Your Own BusinessStart Your Own BusinessStart Your Own BusinessStart Your Own Business
Should I or shouldn’t I?Should I or shouldn’t I?
Financial IssuesFinancial Issues
Do your homeworkDo your homework
Talk to professionalsTalk to professionals
Setting up your own businessSetting up your own business
Start your own businessStart your own businessStart your own businessStart your own businessShould I or shouldn’t I?Should I or shouldn’t I? What Skills Do I Need?What Skills Do I Need?
Should I or shouldn’t I?Should I or shouldn’t I? What Skills Do I Need?What Skills Do I Need?
Business experienceBusiness experience
Management skillsManagement skills Sales skillsSales skills People skillsPeople skills
Ability to work independentlyAbility to work independently Ability to work independentlyAbility to work independently
Work well under stressWork well under stress Work well under stressWork well under stress
DisciplineDiscipline DisciplineDiscipline
TenacityTenacity TenacityTenacity
OptimismOptimism OptimismOptimism
Ability to work with peopleAbility to work with people Ability to work with peopleAbility to work with people
Start your own businessStart your own businessStart your own businessStart your own business
Should I or shouldn’t I?Should I or shouldn’t I? What personal traits do I need?What personal traits do I need?
Should I or shouldn’t I?Should I or shouldn’t I? What personal traits do I need?What personal traits do I need?
Loss of moneyLoss of money
Loss of your homeLoss of your home
Unreliable incomeUnreliable income
Business could failBusiness could fail
Loss of your current jobLoss of your current job
Personal liabilityPersonal liability
Start your own businessStart your own businessStart your own businessStart your own businessShould I or shouldn’t I?Should I or shouldn’t I?
What are the Risks?What are the Risks?
Should I or shouldn’t I?Should I or shouldn’t I? What are the Risks?What are the Risks?
Financial IndependenceFinancial Independence
Freedom to come and go as you pleaseFreedom to come and go as you please
Implementing your own ideasImplementing your own ideas
Can’t be fired or laid offCan’t be fired or laid off
Personal satisfactionPersonal satisfaction
You can sell the business or cash outYou can sell the business or cash out
Being your own bossBeing your own boss
Start your own businessStart your own businessStart your own businessStart your own businessShould I or shouldn’t I?Should I or shouldn’t I?
What are the Rewards?What are the Rewards?
Should I or shouldn’t I?Should I or shouldn’t I? What are the Rewards?What are the Rewards?
SecuritySecurity
BenefitsBenefits
Regular hoursRegular hours
Less stressLess stress
Regular paycheckRegular paycheck
Less responsibilityLess responsibility
Start your own businessStart your own businessStart your own businessStart your own businessShould I or shouldn’t I?Should I or shouldn’t I?
Am I Better Off Working a Job?Am I Better Off Working a Job?
Should I or shouldn’t I?Should I or shouldn’t I? Am I Better Off Working a Job?Am I Better Off Working a Job?
CashCash
Insurance cash valueInsurance cash value
Home equityHome equity SavingsSavings
401 (k)401 (k)
Saleable personal propertySaleable personal property
Friends and FamilyFriends and Family
Start your own businessStart your own businessStart your own businessStart your own business
Financial Issues?Financial Issues?Determine How Much Capital You Have AvailableDetermine How Much Capital You Have Available
Financial Issues?Financial Issues?Determine How Much Capital You Have AvailableDetermine How Much Capital You Have Available
Lease depositsLease deposits InsuranceInsurance
Furniture & fixturesFurniture & fixtures InventoryInventory
Office equipmentOffice equipment SuppliesSupplies
WebsiteWebsite Licenses & permitsLicenses & permits
Working capitalWorking capital ComputersComputers
Start your own businessStart your own businessStart your own businessStart your own business
Financial Issues?Financial Issues?What Capital Do I need?What Capital Do I need?
Financial Issues?Financial Issues?What Capital Do I need?What Capital Do I need?
Identify several similar companiesIdentify several similar companies
Observe space elementsObserve space elementsSee how they advertiseSee how they advertise
Talk to sales staff and managersTalk to sales staff and managers
Observe their sales methods Observe their sales methods systems & proceduressystems & procedures
Visit their websitesVisit their websites
Go in as customerGo in as customer
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your HomeworkVisit Similar BusinessesVisit Similar Businesses
Do Your HomeworkDo Your HomeworkVisit Similar BusinessesVisit Similar Businesses
Do local and national searches of specific companiesDo local and national searches of specific companiesDo local and national searches of specific companiesDo local and national searches of specific companies
Google searches on the category of businessGoogle searches on the category of businessGoogle searches on the category of businessGoogle searches on the category of business
Obtain information from sites’ business opportunities Obtain information from sites’ business opportunities or franchisesor franchises
Obtain information from sites’ business opportunities Obtain information from sites’ business opportunities or franchisesor franchises
Obtain “Owning a Business” materials by web-search Obtain “Owning a Business” materials by web-search Obtain “Owning a Business” materials by web-search Obtain “Owning a Business” materials by web-search
Find out if they have “Brick and Click” strategiesFind out if they have “Brick and Click” strategiesFind out if they have “Brick and Click” strategiesFind out if they have “Brick and Click” strategies
Visit SBA Internet site - WWW.SBA.GOVVisit SBA Internet site - WWW.SBA.GOVVisit SBA Internet site - WWW.SBA.GOVVisit SBA Internet site - WWW.SBA.GOV
Obtain information on financing availabilities for Obtain information on financing availabilities for starting a business.starting a business.
Obtain information on financing availabilities for Obtain information on financing availabilities for starting a business.starting a business.
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your Homework
Search The InternetSearch The Internet
Do Your HomeworkDo Your HomeworkSearch The InternetSearch The Internet
Find out if it’s what you thought it would beFind out if it’s what you thought it would be
Learn the ideal layoutLearn the ideal layout
Learn how the business worksLearn how the business works
Learn the marketing and advertisingLearn the marketing and advertising
Learn the product technologyLearn the product technology
Learn the identity of vendors and suppliersLearn the identity of vendors and suppliers
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your Homework
Work for Someone in the same businessWork for Someone in the same business
Do Your HomeworkDo Your HomeworkWork for Someone in the same businessWork for Someone in the same business
Identify how your business would be Identify how your business would be similar and how you would differentiatesimilar and how you would differentiate
Work there part-time while you Work there part-time while you continue to retain your present jobcontinue to retain your present job
After working there, you may decide After working there, you may decide you don’t like ityou don’t like it
Understand the start-up costUnderstand the start-up cost
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your Homework
Work for Someone in the same businessWork for Someone in the same business
Do Your HomeworkDo Your HomeworkWork for Someone in the same businessWork for Someone in the same business
Do this prior to making the decision to Do this prior to making the decision to own your own businessown your own business
Read everything possible on Read everything possible on business ownershipbusiness ownership
You need as much education on You need as much education on business as possiblebusiness as possible
Running a business incorporates Running a business incorporates concept development, finance, concept development, finance, management, marketing, sales, management, marketing, sales, negotiating, legal; all important to successnegotiating, legal; all important to success
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your HomeworkAttend business classesAttend business classes
Do Your HomeworkDo Your HomeworkAttend business classesAttend business classes
Break even analysisBreak even analysis Break even analysisBreak even analysis
Create the roadmapCreate the roadmap Create the roadmapCreate the roadmap
Identify your capital needs to start upIdentify your capital needs to start up Identify your capital needs to start upIdentify your capital needs to start up
Lay out your plansLay out your plans Lay out your plansLay out your plans
Bankers or investors will want to see itBankers or investors will want to see it
Why you need itWhy you need it
Create a three (3) year cash flow analysisCreate a three (3) year cash flow analysis
What is a business plan?What is a business plan?
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your HomeworkCreate a Business planCreate a Business plan
Do Your HomeworkDo Your HomeworkCreate a Business planCreate a Business plan
Estimate operating costsEstimate operating costs
Determine return on investmentDetermine return on investment
Determine amount of loss to “break even”Determine amount of loss to “break even”
Estimate Labor CostEstimate Labor Cost
Estimate monthly profit or lossesEstimate monthly profit or losses
Estimate cost of goodsEstimate cost of goods
Estimate SalesEstimate Sales
Start your own businessStart your own businessStart your own businessStart your own businessDo Your HomeworkDo Your Homework
Do a Three (3) Year Cash Flow AnalysisDo a Three (3) Year Cash Flow Analysis
Do Your HomeworkDo Your HomeworkDo a Three (3) Year Cash Flow AnalysisDo a Three (3) Year Cash Flow Analysis
Legal issuesLegal issues
Review leases and contractsReview leases and contracts
Trademark protectionTrademark protection
Licenses and permitsLicenses and permits
Form a corporationForm a corporation
Start your own businessStart your own businessStart your own businessStart your own businessTalk To ProfessionalsTalk To Professionals
LawyerLawyer
Talk To ProfessionalsTalk To ProfessionalsLawyerLawyer
Set up accounting systemSet up accounting system
Review monthly sales taxReview monthly sales tax
Monthly financial statementsMonthly financial statementsAnnual financial statementsAnnual financial statementsAdvise on payroll servicesAdvise on payroll services
Start your own businessStart your own businessStart your own businessStart your own businessTalk To ProfessionalsTalk To Professionals
AccountantAccountant
Talk To ProfessionalsTalk To ProfessionalsAccountantAccountant
Advise on payroll servicesAdvise on payroll servicesPayroll taxesPayroll taxesTax returnsTax returnsFinancial adviceFinancial advice
Set up bank accountsSet up bank accounts
Obtain line of creditObtain line of creditSet up credit card processSet up credit card process
Financial adviceFinancial advice
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsBankerBanker
Talk To ProfessionalsTalk To ProfessionalsBankerBanker
Expertise in the businessExpertise in the business
Assist in negotiationsAssist in negotiations
Recommend supplies, vendorsRecommend supplies, vendors
Assist in start-upAssist in start-up
Assist in overall analysisAssist in overall analysis
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsConsultantConsultant
Talk To ProfessionalsTalk To ProfessionalsConsultantConsultant
Someone who owns a business, any businessSomeone who owns a business, any business
Someone who owns a business in that fieldSomeone who owns a business in that field
An entrepreneurAn entrepreneur
Someone who owns and operates Someone who owns and operates a franchisea franchise
A business brokerA business broker
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsSomeone in BusinessSomeone in Business
Talk To ProfessionalsTalk To ProfessionalsSomeone in BusinessSomeone in Business
Start-upStart-up Working capitalWorking capital
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsTalk To ProfessionalsTalk To Professionals
Equity investorEquity investorEquity investorEquity investor
Cash, plus borrow the restCash, plus borrow the restCash, plus borrow the restCash, plus borrow the rest
Borrow all needed capitalBorrow all needed capital Borrow all needed capitalBorrow all needed capital
None, use only your own cashNone, use only your own cashNone, use only your own cashNone, use only your own cash
Determine How Much Capital Will Be NeededDetermine How Much Capital Will Be Needed
Determine How Much Capital You’ll Need to BorrowDetermine How Much Capital You’ll Need to Borrow
Vehicle LoansVehicle Loans
SBA www.SBA.govSBA www.SBA.govFamilyFamily
Equipment FinancingEquipment Financing
Real EstateReal Estate
Private LenderPrivate Lender
FriendsFriends
Bank LoanBank Loan
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsExploring Financing SourcesExploring Financing Sources
Talk To ProfessionalsTalk To ProfessionalsExploring Financing SourcesExploring Financing Sources
Co-investorCo-investor
Compliments your skillsCompliments your skills
More motivated than employeeMore motivated than employee
Assumes part of riskAssumes part of risk
Shares workload and hoursShares workload and hours
Splits responsibilitiesSplits responsibilities
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsDetermine IF You Want or Need An Investor or Determine IF You Want or Need An Investor or
PartnerPartner
Talk To ProfessionalsTalk To ProfessionalsDetermine IF You Want or Need An Investor or Determine IF You Want or Need An Investor or
PartnerPartner
Someone you have to answer toSomeone you have to answer to
Financial and personal goals often Financial and personal goals often differdiffer
One often works harderOne often works harder
Partners often disagreePartners often disagree
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsDetermine IF You Want or Need An Investor or Determine IF You Want or Need An Investor or
PartnerPartner
Talk To ProfessionalsTalk To ProfessionalsDetermine IF You Want or Need An Investor or Determine IF You Want or Need An Investor or
PartnerPartner
Start your own businessStart your own businessStart your own businessStart your own business
Talk To ProfessionalsTalk To ProfessionalsTalk To ProfessionalsTalk To Professionals
Check Check www.uspto.gov www.uspto.gov to determine that to determine that name is not already name is not already federally registeredfederally registered
Select a name that you like that is descriptive but Select a name that you like that is descriptive but not limitingnot limiting
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
Name ProtectionName Protection
Setting Up Your Own BusinessSetting Up Your Own BusinessName ProtectionName Protection
Check with your state to determine that name Check with your state to determine that name is not already registered in your state.is not already registered in your state.
Retain a patent trademark or Retain a patent trademark or Intellectual Property lawyerIntellectual Property lawyer New Company NameNew Company Name
Signature
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
Name ProtectionName Protection
Setting Up Your Own BusinessSetting Up Your Own BusinessName ProtectionName Protection
Obtain an Employer Obtain an Employer Identification Number (EIN)Identification Number (EIN)
You will need this to obtain vendorsYou will need this to obtain vendors
You will need this if you have employeesYou will need this if you have employees
You will need this for just about anything!You will need this for just about anything!
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
Tax ID NumberTax ID Number
Setting Up Your Own BusinessSetting Up Your Own BusinessTax ID NumberTax ID Number
StateState
FederalFederal
LocalLocal
MunicipalMunicipal ProfessionalProfessional SpecialSpecial
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
Permits and LicensesPermits and Licenses
Setting Up Your Own BusinessSetting Up Your Own BusinessPermits and LicensesPermits and Licenses
Public liabilityPublic liability
VehicleVehicle
InventoryInventory
Health and MedicalHealth and Medical
Errors and OmissionsErrors and Omissions
Building and ContentsBuilding and Contents
Comprehensive fire and theftComprehensive fire and theft
Worker’s CompensationWorker’s Compensation
InsuranceInsuranceInsuranceInsurance
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own BusinessSetting Up Your Own BusinessSetting Up Your Own Business
Location, location, locationLocation, location, location
DemographicsDemographics
Lease or buyLease or buy
Home-basedHome-based
ZoningZoning
Parking and accessibilityParking and accessibility
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
LocationLocation
Setting Up Your Own BusinessSetting Up Your Own BusinessLocationLocation
Do detailed layoutDo detailed layout
Analyze applicabilityAnalyze applicability
Analyze interim traffic patternsAnalyze interim traffic patterns
Solicit bidsSolicit bids
Access available utilitiesAccess available utilities
Draw schematicDraw schematic
Acquire necessary permitsAcquire necessary permits
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
Leasehold ImprovementsLeasehold Improvements
Setting Up Your Own BusinessSetting Up Your Own BusinessLeasehold ImprovementsLeasehold Improvements
Select an accountantSelect an accountant
Set up accounting systemSet up accounting system
Receive and review monthly Receive and review monthly statementsstatements
Keep all records up-to-dateKeep all records up-to-date
Meet with accountant regularlyMeet with accountant regularly Store all recordsStore all records
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
AccountingAccounting
Setting Up Your Own BusinessSetting Up Your Own BusinessAccountingAccounting
Select a lawyerSelect a lawyer
Define legal issuesDefine legal issues
Utilize lawyers in negotiationsUtilize lawyers in negotiations
Discuss your proposed businessDiscuss your proposed business
Don’t sign anything without your lawyerDon’t sign anything without your lawyer
Start your own businessStart your own businessStart your own businessStart your own businessSetting Up Your Own BusinessSetting Up Your Own Business
LegalLegal
Setting Up Your Own BusinessSetting Up Your Own BusinessLegalLegal
Identify needs Identify needs
Install expandable equipmentInstall expandable equipment
Shop around, systems, priceShop around, systems, price
Internet sales consultantsInternet sales consultants
Setting Up Your Own BusinessSetting Up Your Own BusinessComputers / Phones / FaxesComputers / Phones / Faxes
Setting Up Your Own BusinessSetting Up Your Own BusinessComputers / Phones / FaxesComputers / Phones / Faxes
Start your own businessStart your own businessStart your own businessStart your own business
Network and connect all Network and connect all communications equipmentcommunications equipment
Internet capabilityInternet capability
Analyze applicabilityAnalyze applicability
Develop websiteDevelop website
E-commerceE-commerce
Internet service providerInternet service provider
On-line marketingOn-line marketing
Setting Up Your Own BusinessSetting Up Your Own BusinessComputers / Phones / FaxesComputers / Phones / Faxes
Setting Up Your Own BusinessSetting Up Your Own BusinessComputers / Phones / FaxesComputers / Phones / Faxes
Start your own businessStart your own businessStart your own businessStart your own business
Negotiate ratesNegotiate rates
Arrange for online creditArrange for online credit card processingcard processing
Establish credit cardEstablish credit card company relationshipscompany relationships
Setting Up Your Own BusinessSetting Up Your Own BusinessCredit Card ProcessingCredit Card Processing
Setting Up Your Own BusinessSetting Up Your Own BusinessCredit Card ProcessingCredit Card Processing
Start your own businessStart your own businessStart your own businessStart your own business
Establish goalsEstablish goals
Develop budgetDevelop budget
Establish products,Establish products, services and pricingservices and pricing Develop collateral Develop collateral
materialsmaterials
Setting Up Your Own BusinessSetting Up Your Own BusinessAdvertising and MarketingAdvertising and Marketing
Setting Up Your Own BusinessSetting Up Your Own BusinessAdvertising and MarketingAdvertising and Marketing
Start your own businessStart your own businessStart your own businessStart your own business
You are the trainerYou are the trainer
Train, train, trainTrain, train, train
Set and maintain highSet and maintain high performance standardsperformance standards
Minimal staffingMinimal staffing
Start your own businessStart your own businessStart your own businessStart your own business
Setting Up Your Own BusinessSetting Up Your Own BusinessHire and Train StaffHire and Train Staff
Setting Up Your Own BusinessSetting Up Your Own BusinessHire and Train StaffHire and Train Staff
22ndnd Option Option22ndnd Option Option
Getting the detailsGetting the details
Hands on experienceHands on experience
Buying an Existing BusinessBuying an Existing BusinessBuying an Existing BusinessBuying an Existing Business
Buying an existing businessBuying an existing businessBuying an existing businessBuying an existing business
Get the detailsGet the detailsGet the detailsGet the detailsGet audited financials for Get audited financials for last three (3) yearslast three (3) years
Get audited financials for Get audited financials for last three (3) yearslast three (3) years
Review bank recordsReview bank recordsReview bank recordsReview bank records
Reconcile invoices with Reconcile invoices with salessales
Reconcile invoices with Reconcile invoices with salessalesDo search for litigationDo search for litigationDo search for litigationDo search for litigation
Non-compete Agreement..Non-compete Agreement..
Talk to employees…Talk to employees…
Review lease……Review lease……
Verify what you are getting....Verify what you are getting....
Get seller to finance….Get seller to finance….
Buying an existing businessBuying an existing businessBuying an existing businessBuying an existing business
Get the detailsGet the detailsGet the detailsGet the details
Is the price worth it?Is the price worth it?
Is the business nameIs the business name
Buying an existing businessBuying an existing businessBuying an existing businessBuying an existing business
Get the detailsGet the details Get the detailsGet the details
Do a three (3) year cashDo a three (3) year cash
www.ispto.gov
Yes or No:
flow with debt servicesflow with debt services
protected?protected?
Talk to customersTalk to customers
Training by sellerTraining by seller
Work there firstWork there first
Can you do it?Can you do it?
Would you be better Would you be better off starting your own?off starting your own?
Buying an existing businessBuying an existing businessBuying an existing businessBuying an existing business
Hands on experienceHands on experienceHands on experienceHands on experience
33rdrd Option Option33rdrd Option Option
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
What are the first steps after buying What are the first steps after buying a franchise? a franchise?
Top 10 Reasons for buying a FranchiseTop 10 Reasons for buying a Franchise
Frequently Asked QuestionsFrequently Asked Questions
Franchise Financing SourcesFranchise Financing Sources
Advantages from A to ZAdvantages from A to Z
Step 1
Step 2
Step 3
Buy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise Business
Top reasons for buying a franchiseTop reasons for buying a franchiseTop reasons for buying a franchiseTop reasons for buying a franchise
Training ProgramsTraining Programs
Ongoing Operational Ongoing Operational SupportSupport
Marketing AssistanceMarketing Assistance
Strong BrandStrong Brand
Track Record of SuccessTrack Record of Success
Real Estate AssistanceReal Estate Assistance
Construction AssistanceConstruction Assistance
Purchasing PowerPurchasing Power
Risk AvoidanceRisk Avoidance
Buy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise Business
Top reasons for buying a franchiseTop reasons for buying a franchiseTop reasons for buying a franchiseTop reasons for buying a franchise
How long will it take my new franchise to How long will it take my new franchise to reach break even? reach break even?
How long will it take my new franchise to How long will it take my new franchise to reach break even? reach break even?
How much of my total investment (including How much of my total investment (including capital reserves) do I need to have in cash?capital reserves) do I need to have in cash?
How much of my total investment (including How much of my total investment (including capital reserves) do I need to have in cash?capital reserves) do I need to have in cash?
What are the ranges in financial performance of What are the ranges in financial performance of the existing franchisees?the existing franchisees?
What are the ranges in financial performance of What are the ranges in financial performance of the existing franchisees?the existing franchisees?
How much is needed in operating capital How much is needed in operating capital reserves to cover loses after opening the reserves to cover loses after opening the franchise until the break even point? franchise until the break even point?
How much is needed in operating capital How much is needed in operating capital reserves to cover loses after opening the reserves to cover loses after opening the franchise until the break even point? franchise until the break even point?
Buy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise BusinessFrequently Asked QuestionsFrequently Asked QuestionsFrequently Asked QuestionsFrequently Asked Questions
How financially strong is the franchise How financially strong is the franchise companycompany
How financially strong is the franchise How financially strong is the franchise companycompany
What standard and alternative financing What standard and alternative financing options exist for me?options exist for me?
What standard and alternative financing What standard and alternative financing options exist for me?options exist for me?
How much total investment will this franchise How much total investment will this franchise require? require?
How much total investment will this franchise How much total investment will this franchise require? require?
How much money can I make in this franchise?How much money can I make in this franchise? How much money can I make in this franchise?How much money can I make in this franchise?
Buy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise BusinessBuy a Franchise BusinessFrequently Asked QuestionsFrequently Asked QuestionsFrequently Asked QuestionsFrequently Asked Questions
a.a. Proven system of operationProven system of operation
b.b. Brand identityBrand identity
c.c. TrainingTraining
d.d. Assistance in obtaining locationAssistance in obtaining location
e.e. Advertising – national and localAdvertising – national and local
f.f. Own bossOwn boss
g.g. Turnkey businessTurnkey business
AdvantagesAdvantagesAdvantagesAdvantages
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
h.h. Collective buying powerCollective buying power
i.i. Operating manualOperating manual
j.j. Planning and forecasting assistancePlanning and forecasting assistance
k.k. Better prices on equipmentBetter prices on equipment
m.m. Resale abilityResale ability
n.n. Financial and accounting systemsFinancial and accounting systems
AdvantagesAdvantagesAdvantagesAdvantages
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
l.l. Better prices on inventoryBetter prices on inventory
p.p. New ideasNew ideas
q.q. New productsNew products
r.r. Sources of productsSources of products
s.s. Complete business systemComplete business system
t.t. FinancingFinancing
u.u. Lower riskLower risk
AdvantagesAdvantagesAdvantagesAdvantages
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
o.o. Ongoing support and consultingOngoing support and consulting
w.w. Sales and marketing techniquesSales and marketing techniques
x.x. Start the business with less capitalStart the business with less capital
y.y. No previous experience necessaryNo previous experience necessary
z.z. We don’t succeed unless you doWe don’t succeed unless you do
AdvantagesAdvantagesAdvantagesAdvantages
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
v.v. Assistance in site selectionAssistance in site selection
Franchise Funding Specialists
Veteran Programs
Investors
401k
Cash is King
Franchise Financing SourcesFranchise Financing SourcesFranchise Financing SourcesFranchise Financing Sources
Next Franchisee exit...
Funding
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
Step 1
Step 2
Step 3What are the first steps after What are the first steps after buying a franchise?buying a franchise?
What are the first steps after What are the first steps after buying a franchise?buying a franchise?
To Do:To Do:To Do:To Do:
Secure the locationSecure the locationSecure the locationSecure the location
Sell, Sell, Sell!Sell, Sell, Sell!Sell, Sell, Sell!Sell, Sell, Sell!
TrainingTraining TrainingTraining
Buy a FranchiseBuy a FranchiseBuy a FranchiseBuy a Franchise
MarketingMarketing MarketingMarketing
FINALLY …FINALLY …FINALLY …FINALLY …Do I Have What It Takes?Do I Have What It Takes?Do I Have What It Takes?Do I Have What It Takes?
Am I comfortable with the risk?Am I comfortable with the risk?
Do I have sufficient capital?Do I have sufficient capital?
Can I sell?Can I sell?
Do I need a partner?Do I need a partner?
Do I have the ability to manage?Do I have the ability to manage?
Is my family behind me?Is my family behind me?
Do I have the necessary skills?Do I have the necessary skills?
Can I work well independently?Can I work well independently?
Thank you for your timeThank you for your time
www.on-target.com
(800) 720-0131
For more information about our company, please visit our website @
Or call us at
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