Going on Location
Despite a long, frustrating wait, Jack and Diane find the light at the end of the tunnel--the perfect franchise site.
By Todd D. Maddocks • Feb 2, 2011 Originally published Apr 4, 2003
Opinions expressed by Entrepreneur contributors are their own.
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."
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
