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: