If you’re thinking about becoming a franchisee, there’s no question that you’ll have your fair share of paperwork to review and complete. But one of the most intensive packets you’ll probably receive as a potential franchisee is the Franchise Disclosure Document, or FDD for short.
Because franchising offers the support of a well-known product/service with a proven business model, many believe franchising to be a sure-fire way to success. While it’s true that being able to draw from an established brand can certainly increase your chances of success, having the right personality for franchising makes a big difference too.
Here at Guidant Financial, we’re always looking for new ways to help our clients get the funding they need, and one way we do that is by seeking out lenders with an appetite for business start-up loans. That’s one of the reasons a few of our teams members have traveled to sunny Las Vegas this week for the 17th Annual Franchise Finance & Growth Conference.
Each Friday, we’ll be spotlighting one of our successful partner franchisors who are poised for growth. In our second week, Nothing Bundt Cakes is our featured brand.
If you’re thinking about buying a franchise, choosing the industry and business model that fits your wants and needs is vital to long-term success. The good news is there are hundreds of franchise concepts available for you to choose from in every industry imaginable, including niche franchises that serve a very targeted market.