Buying into a proven franchise gives you a head start, but it doesn't run the business for you. The franchisees who build lasting, profitable businesses are usually the ones who know their numbers inside out. Tracking the right key performance indicators (KPIs) helps you spot problems early, make confident decisions and show lenders that your…
read moreOwning a franchise offers the benefit of a proven brand, but financial pitfalls can still threaten growth, especially in the early years. There are several items to tackle the most frequent financial hurdles faced by franchisees. Fixing underestimated start‑up costs Many franchisees report surprise over hidden initial expenses, including inventory, staffing, training, fit‑out, marketing or…
read moreHere at NGI Franchise Funding, we assist with the funding and development of business plans for both prospective and existing franchisees. The following are what we feel are the ten most common financial mistakes made by franchisees: 1 – Ensure you have the right amount of funding Any new franchisee will need a healthy bank…
read more
