77 - Is Buying a Franchise Right for You?

04/30/19 • 22 min

Buying a franchise can be an easier way to get into business than starting from scratch. In this episode, we're addressing the benefits and challenges associated with buying a franchise business. We'll be exploring what a franchise is, what types of franchises are available, how to choose the best one to fit your needs, and the cost of buying into and operating a franchise.

Along with host Dennis Zink, our guests are Bob Melberth, a SCORE Subject Matter Expert, and Jenny Sutter, owner of FranNet, which helps prospective franchisees select an appropriate franchise and negotiate the purchasing process.

SCORE is a 55-year-old nationwide non-profit organization providing free mentoring services to business owners. Our SCORE experts are here to guide you safely through that minefield.

SCORE is a 55-year-old nationwide non-profit organization providing free mentoring services to business owners. Our SCORE experts are here to guide you safely through that minefield.

Previous Episode

76 - How to Buy a Business

Buying a business is one of the most important steps in life taken by entrepreneurs. It can be a rewarding experience or it can be a minefield fraught with danger. Our experts are here to guide you safely through that minefield.

In this episode, host Dennis Zink explores this topic. He is joined by Peter Gruits, a SCORE mentor, and Michael Zuckerman, also a mentor, and an attorney who has been in practice for than 50 years.

Next Episode

78 - Where's The Money? Finding Your Best Lender

Access to capital is a problem faced by most businesses. We’ve brought back Gerri Detweiler, Education Director of Nav, to further discuss the ways that businesses can gain access to funding. Gerri and host Dennis Zink talk about the importance of personal as well as business credit, how to check your credit, how you can improve credit scores and common mistakes people and companies make regarding their credit. They also discuss different types of financing, the impact of under-capitalization, the importance of a business credit card, the availability of SBA loans and many other topics. If your business requires capital, you won’t want to miss this!