If you’re like most new franchise owners, you’re thinking about how to finance your purchase properly. After all, very few owners have enough capital to cover both the upfront and ongoing costs right from their wallet.

[Related: 5 Checklist Items for the First-Time Franchise Buyer]

To help you consider a financing plan that fits you, we’ve put together a simple buyer’s guide to financing-–especially for the first-time franchisee. If you have additional questions or are looking for a low-cost franchising opportunity yourself, talk to us today about starting a franchise of your very own.

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Buying a franchise you can run from home can save new business owners a lot of money they’d otherwise have to spend on rent, extra utilities, insurance and other costs.

It also awards you more freedom over how you decide to run your business day-to-day. But while the benefits of home-based franchising can be alluring, it’s important to realize that not all opportunities are the same.

[Read Also:] Buying a Franchise in 2016: 4 Ways to Prepare Today

Franchises are an investment. To make that investment pay off, it’s up to you to carefully research your options and make a well-informed decision.

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2015 saw stronger gains in the U.S. franchise sector than were projected the year before, marking the fifth straight year of strong, steady growth despite a sluggish economy.

As we head into the new year, IHS Economics has released its Franchise Business Economic Outlook for 2016, and the projections look promising.

[Buying a Franchise in 2016: 4 Ways to Prepare Today]

We’ve pulled 5 of the biggest takeaways from the new report to give you a brief guide to the economic year ahead.

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Thinking about buying a franchise in 2016? You’re not alone. The International Franchise Association is predicting the franchise sector to outperform the overall economy next year by posting a 5.1% gain versus 3.1% in total.

Residential and commercial service franchises are among the six franchise industries poised for the biggest growth as new housing and business developments will require regular maintenance and upkeep.

No matter what kind of franchise you’re interested in, it’s important prepare as early as possible before getting started. Here are four steps you can take today to ensure your success tomorrow:

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Whether you’re a first time franchisee or seasoned small business owner, sometimes everyone needs a helping hand in growing their franchise business. Fortunately, there are tons of resources out there to help owners do just that, and many of them are completely free.

We’ve taken a closer look at five of these free franchise resources that are particularly helpful to new small business owners and franchisees.

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