If you’re considering opening a franchise but are unsure about funding options, the Rollover for Business Startups (ROBS) program could be a game-changer. It’s a powerful yet often underutilized tool that allows aspiring franchise owners to tap into their retirement funds without incurring early withdrawal penalties or taxes. Here’s a breakdown of how it works and what you need to know.
The decision to invest in a franchise is a significant one, marking a pivotal moment in an entrepreneur’s career. As a franchise consultant, I often encounter clients weighing the options between investing in a new franchise versus a resale franchise. Both paths offer unique opportunities and challenges, and understanding these is crucial in making an informed decision. In this comprehensive guide, we’ll delve into the pros and cons of investing in a new franchise compared to a resale franchise.