What kind of franchise is the easiest for me to get started at?
I am a 23 year-old female wanting to open up my own business. As a first timer, do you think opening a smoothie and coffee franchise is the best way to go? I'd like a steady income as I learn about business and hopefully open my own franchise in the future. I have $50,000 in savings and my uncle will loan me the rest to start up my business, but everyone is telling me that I am too young. But I've been ready since I turned 18. I am currently working on my Bachelors in Business Administration and Management.
Opinions expressed by Entrepreneur contributors are their own.
I think both smoothie and coffee franchises can be great for many people but I have no idea if they'd be great for you. My suggestion, if you want a steady income while you learn about these businesses, would be to get a job at whatever franchise you're interested in and then work there for a while. You'll get an income (something that's not guaranteed when you're the owner) and you'll be able to see if this business is what you want to spend a few years doing. Then, after a while, you can open your own franchise if all the lights are still green once you've gotten a good real world experience in the business.
More from Entrepreneur
Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.