Whether it’s buying a franchise or starting a business from scratch, the dilemma is the same: you need money to make money. Every year, thousands of would-be franchise owners give up their dream of business ownership simply because they don’t have the means to get their franchise off the ground.

First, some much-needed perspective: Just about no franchise owner buys a franchise with all the capital they need right off the bat. Similar to buying a home, franchising only requires a few fees up-front while other expenses can be offset by the revenue you bring in through the business. 

Just about every new business owner and franchisee finances their endeavor one way or another, even when they have the cash to spend. If you’re in need of some funding help, here are three ways to open a franchise with little cash:

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Unlike starting a business from scratch, franchising lets you hit the ground running with a brand, a product or service, and a proven business plan.

Putting those ingredients together, however can take a little work––especially for first-time business owners.

Here are X tips to help you get your franchise out of the red and into the green as fast as possible:

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Franchising puts thousands of people in control of their own businesses each year, but those who succeed don’t get there by luck––they did their homework first.

While we often hear hard work alone can get you anywhere, most franchisees know there’s more to it than that. Making smart decisions, especially early on, is equally important to making your investment a lucrative one.

One of (if not the) most crucial things to consider is money. Not only how much you have now, but how much you stand to make and when you can expect to see those earnings once you’re underway.

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Whether you currently operate your own franchise or are thinking about investing in one, you probably understand that owning any kind of small business can mean a lot of work if you don’t keep things organized.

Fortunately, there are tons of great apps that can make life a lot easier and free up your time to focus on the work at hand. No matter what industry you’re working in or considering becoming a part of, here are five apps for franchisees to help them work smarter. Read more

Fees are one of the key decision-making factors for those looking into buying a franchise. What is a franchise fee, exactly? What do they cover? How much are they? When do I need to pay them?  This simple and definitive guide will answer all of these questions and more. 

To keep this as simple as possible, we’ve broken franchise fees down into their two main categories: Initial fees and ongoing fees. Let’s tackle each of them one by one.

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