Going on Location
Despite a long, frustrating wait, Jack and Diane find the light at the end of the tunnel--the perfect franchise site.
In our last installment, jack and Diane (not their real names), our educated and highly motivated couple, had finally decided to sign a franchise agreement and wrote a hefty check for an oil change franchise in the Pacific Northwest. After much discussion and some emotional struggle, they made their home collateral for an SBA loan.
The Search Is On
Jack and Diane wrote a check for a $10,000 deposit to lock down the rights for their franchise. Their entrepreneurial dreams were finally being realized. "Instead of climbing the corporate ladder, I'm jumping off," explains Jack. "At age 42, I'm taking my hard-earned money and experience from 21 years in the advertising business, not to mention my house and my 15 years of marriage, and putting it on the line."
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