19 Ways to Get a Franchise Loan: Franchise Insight, 6/2/11

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June 2, 2011 Improve Your Chances of Getting Franchise Funding Yes, it's a tough lending environment out there. And while obtaining funding ultimately depends on the lender, there are ways to improve your chances of being approved for a loan. Is Franchising Right for You? Losing your job when you have a family to support can make you feel down, dejected, and downright depressed. But for 45-year-old Maurice Geyen, the setback was the motivation he needed to muster his courage to try franchising. Cool Franchise Concepts You’ve Never Heard Of When people think of franchising, why do they always think of McDonald's? From parking lot striping to crisis management, there actually are a number of under-the-radar franchise opportunities to choose from. Key Questions to Ask Other Franchisees Part of doing your due diligence when analyzing a franchise opportunity is contacting both current and former franchisees. Talking to franchisees gets you the candid answers you need to find out if the franchisor will deliver all it promises. Get Past the Gatekeeper and Win Sales Working with the gatekeeper is what separates the sales superstars from the rest of the pack. It takes resourcefulness, persistence, and creativity to convince them that your message has value. Mentoring Franchisees for Multi-Unit Growth Regardless of where you are in your franchise growth, having a mentoring mechanism in place is essential. Mentoring on the part of the franchisor plays a large role in the success of any single-unit operator with a bigger appetite for growth. 10 Summer Restaurant Hiring Tips If you haven't hired your summer staff yet you are already behind. But, there is still time to recruit, train and develop a good team for those busy summer months. See More AllBusiness Franchise Stories   Follow Us

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