My recommendation would be network marketing. While I'm no Zig Ziglar, I did make a bit of money at it. Network marketing has low overhead and residual income. However, don't go with a company that has a physical product because you'll buy a lot and let it rot. Go with a service based business like telecom or financial services. Franchise fees range from a few hundred to a few thousand. You have the same potential return on your investment as a McDonald's franchise
---Joe Haffey, President Happy Brands Web Services www.happybrands.info
Ron - First, congratulations on the degree!
Have you discussed with close friends/family or Crowdsourcing for this?
We work with a firm that specifically assists Start-ups and small business owners and may be able to help.
Feel free to connect or visit our site - lk
---Linda King, Owner of Legacy Asset Solutions - Powerful & Effective Financing Solutions.
There are a number of ways to bring capital into a business.
Generally, the franchisor offers some financing assistance-either directly or via a third party financing company.
Even if you can't qualify for a loan at your bank, I would talk to them about how they evaluate a franchise purchase. This could give you some good insights.
A business with steady a steady revenue stream and high margins offers some interesting alternative financing possibilities.
Good luck with your quest. If you want to discuss your specific situation, drop me a PM or contact me directly.
Hi all. I am an MBA student - set to graduate in August - and I have been talking to a business roundtable franchisor called CEO Focus. I like this business model a lot, and I feel that I would be very good as a CEO Focus franchisee/facilitator. Some of the things I like about the business model are:
I appreciate the responses.
joehaffey: This is a service-based franchise, but it is neither telecom nor financial services. As for network financing, I assume you mean finding angel investors, etc., right? Yes, at the moment, I feel that this is my only option. One of the problems that I face is that I am not looking to sell equity, but to raise debt financing. As there is a revenue ceiling here, equity financing would not make much sense for either party.
robertj: As I am just now purchasing this franchise, and as I do not currently run one, I do not have any income streams to speak of. This is one of my problems. I suppose I can try to talk to a lender face-to-face, but if my online research is indicative of what I will find, I think I would just be wasting everyone's time.
ashleybrown: If I understand correctly, merchant cash advances are based upon past revenues from credit/debit purchases. As I am not yet in this business, I can provide no such evidence of revenues.
What I would like to do is raise $60,000 in debt financing under the agreement that I will repay $35,000 at the end of each year for the next three years, with the ability to pay off the debt early at a reasonable discount. Could anyone give me some ideas about how I could pitch this to potential investors - and how to find them?