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Franchising Secrets

How often have you thumbed through a business opportunity magazine, noticed a franchise opportunity advertisement, and felt you'd really like to get in on that...

If only you had the money?!?

If you're like most who are seeking greater opportunity and wealth, this probably happens with you more often than you care to admit [except perhaps in strictly private conversations .

When the average person sees one of these opportunities, or comes up with a similar idea of his own, the problems of start up capital may seem formidable.

But in reality, they may not be. In fact, just about anyone with a good credit record and an"insider's sense of business" can get the capital he or she needs, whenever it's needed.

The secret is in knowing how to put together a proper proposal, and to present it to the right person.

The first thing you're going to need is a complete business plan.

This is a complete and detailed description of exactly how you intend to operate the proposed business. Your business plan should detail precisely:

• The product or products you plan to seek;
  
• How you're going to produce or manufacture the product; your costs (inventory costs if you're purchasing them from a supplier);
  
• Who is going to sell those products for you; how they're going to be sold;
  
• The attendant costs;
  
• When you expect to recoup your initial investment;
  
• Your plans for growth or expansion;
  
• The total dollar amount you're going to need to make it all work according to your plan.
  

Your business plan must be detailed complete with projected income and expense figures through at least the first three years of business.