It can be awfully tempting to draw from your savings or access your 401(k) as an option to help fund your dream of franchise ownership and continued growth, but before…
All of us here at On Pace Franchising understand the decision to buy a franchise business is never an easy one. There are no guarantees in business and every business opportunity has a certain level of risk associated with it.
Many people would prefer to be their own boss, or have an opportunity to build something beyond a pay check. However, many people decide against going into business for themselves, because of the risk involved. In fact, most small businesses fail within the first five years of opening their doors.
The idea to buy a franchise becomes a lot more enticing, because the success rate is typically much higher.