Should I Use Personal Funds to Start a Franchise?
By Jeff Elgin
Opinions expressed by Entrepreneur contributors are their own.
Jeff Elgin has almost 20 years of experience franchising, both as a franchisee and a senior franchise company executive. He's currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best meets their needs.
Want to be an Entrepreneur Leadership Network contributor? Apply now to join.
Editor's Pick
-
She Imagined a Specific Type of Culture Before Starting Her Business — Then Grew It From 1 Cart to Cult Status: 'Magical Things Happening'
-
'Finances Fuel Life Goals.' These Top Money Secrets Can Make You Happier and More Successful, According to an Expert.
-
The Reddit Co-Founders Faced a Transformative Rejection in College — Here's How They Bounced Back to Start a $6.5 Billion Business
-
5 Successful Podcasters Share the 'Golden Advice' That's Making Them Money in a Crowded Industry
-
Jersey Mike's Has Opened Over 1,000 New Stores in the Past 5 Years and Is Planning 300 International Outposts – Find Out Where
-
All Entrepreneurs Think About Writing a Book — Here's How to Know If You're Ready for Your Own
Business Solutions
Save Big on Microsoft Office 2019 for Mac, Just $27
Get the essential tools to supercharge your productivity without the subscription fees—one-time payment, lifetime access.
Business News
These Are the Best Cities for Starting a Business — and Surrounding Yourself With Millionaires
Here are 10 U.S. cities that stand out for entrepreneurship, according to a new report.
Side Hustle
They Started a Home-Based Side Hustle Earning Up to $20,000 a Month — and It's Still Growing: 'Will Never Get Old'
TALEA Beer Co. co-founders LeAnn Darland and Tara Hankinson wanted to replicate the experiential appeal of a winery with their own brewery.
Marketing
5 Strategies That Helped Me Achieve 10x Returns on My Marketing Efforts
These five marketing tactics have delivered remarkable returns for my business.
Business Ideas
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
Data & Recovery
One of the Hardest Parts of Running a Business, Solved
Take your time back with this simple gadget.