Filed under: Small business

A franchise can be a great way to start your entry into self-employment — and strong income. Yet, there are still risks — such as with site locations and hiring employees — and lots of upfront costs.

But there’s another approach; that’s, purchasing an existing franchise (which is known as a “resale”). What are some things to take into account? Well, let’s take a look:

Track Record: With some due diligence, you can determine whether a franchise is successful or not. Besides getting the financials, you can speak to customers as well as vendors.

Continue reading Entrepreneur’s Journal: Jumpstarting things by purchasing an existing franchise

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This entry was posted on Friday, September 26th, 2008 at 11:28 am and is filed under Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.