On this special day, we give thanks and honor the sacrifices made by the men and women who have served our country across all five branches of the U.S. Armed Forces. In addition to having protected our freedom, veterans have historically been – and continue to be –successful entrepreneurs and vital contributors to our economy.

Federal Reserve interest rates have been a hot topic in the news lately. With the Fed reducing rates last week, this is a great time to understand what Fed interest rates are and how they affect franchise financing.

For ambitious entrepreneurs debating their best funding options for their business, this question is often posed: Can I use my 401(k) as an investment fund?

Entry costs for franchising vary based on brand, location, industry (quick service restaurant, travel, beauty, etc.), and level of support. It’s important to fully understand the financial requirements to get your business started. Your decision to open one franchise brand over another may very well be influenced by the total investment amount. You will also need to know your total project cost when you are ready to explore funding options for your business.

So, what exactly are the costs involved in opening a franchise? There are two main categories – your initial start-up costs, which are typically one-time expenses and your on-going expenses, which are usually incurred on a monthly basis.

Are you considering business ownership and wondering if a franchise is a good investment? Owning a franchise can be a lucrative and rewarding experience. It allows you to invest in a proven system, work for yourself, and in many cases, enjoy greater returns than alternative options.  

When you get voted #1, especially by the people who matter the most, you celebrate. At FranFund, we are in full celebration mode this week! We want to thank everyone who voted and helped name us #1 on Entrepreneur Magazine’s Annual Franchise Industry Supplier Ranking.