However good your business plan and however buoyant your enthusiasm for a future in franchising, there is one barrier that can prove particularly challenging for a potential franchisee: sourcing the necessary money to turn your dream of business ownership into reality.
The toughened stance taken by banks after the liberal flow of capital pre-GFC has been softened, the banking world insists. But donâ€™t take that to mean there is a ready supply of easy money just when you need it. Your friendly bank manager or the boss of a franchise division of a major bank will be casting a critical eye over the plans you have, the commitment you show for the project, and evaluating the numbers presented to them.
Funding for your future… carry on reading.