Each Friday, we’ll be spotlighting one of our successful partner franchisors who are poised for growth. This week, Zoup! Fresh Soup is our featured brand.
Right in time for Memorial Day, our CEO, David Nilssen, wrote an article revealing the top 10 franchise brands for military veterans. These brands are known for the support they offer to their veteran franchisees, including a discounted franchise fee and resources to help them make the transition to business ownership.
Becoming a small business owner is exciting. It’s a time filled with the freedom to make your own choices and create the life you want. But it can also be intimidating for many who make the leap from employee to employer, filled with lots of major decisions. One of the first is determining what type of business you want to own. Do you want to start a business from scratch, or do you want to join a franchise system?
Franchising offers a bevy of benefits: the support of an established brand that’s likely overcome start-up obstacles, a proven business model with specific steps for success, and marketing tools and techniques to get customers in the door. But just like any other business venture, franchising isn’t 100 percent fool-proof.
For small business owners seeking less than $250,000 in capital, the lending market may seem dismal. Traditional banks are hesitant to lend such small amounts due to the high level of effort required for such a risky return on investment. And when those smaller loan amounts are granted, they often come with high interest rates. That’s why Guidant strives to make obtaining smaller loans less painful for entrepreneurs.