Small Business Franchise Resources
As a small business franchise owner, your relationship with the franchiser is based on a mutual trust—with each party bringing specific attributes to the partnership. Specifically, the franchiser (or the company offering the small business franchise opportunity) will provide marketing plans, management guidance, site location, training, etc.
And you, the franchisee, will bring your energy, drive, commitment—and financing to the relationship.
For information about financing your small business franchise opportunity or a non-franchise business, visit our Small Business Administration Financing page.
Because small business franchise ownership does not necessarily require you to be an expert in the industry, franchising a business is often an appealing option for people who would like to own their own business. However, before you commit yourself to a small business franchise opportunity, you should always examine your options. According to the Small Business Administration, your research should include:
- Requesting information directly from the franchiser.
- Interviewing current franchise owners.
- Researching the overall industry.
- Determining what other small business franchise ideas exist in the industry.
- Seeking expert advice to clarify the franchise agreement.
- Reviewing franchise-related costs and comparing them to the costs of starting a non-franchised business in the industry.
