We discuss five tips for starting a low-cost franchise and what to do to get started. If you’ve been dreaming of starting a business, but the startup costs are prohibitive, you might want to consider starting a low-cost franchise. It’s easy to evaluate costs for a franchise in advance, and some franchises offer financing to help you get started or discounts for veterans or minorities.
Our video covers:
Tip #1: Review the franchise disclosure document (FDD) 0:38
Tip #2: Ask about franchise discounts 1:38
Tip #3: Try a home-based franchise 2:20
Tip #4: Get franchisor financing 3:00
Tip #5: Find a franchise in an industry you have experience in 3:52
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