Charles Internicola, a New York City attorney that specializes in franchising, recently posted an article asking this question. In the article, he points out a couple of really important things:
- Do you possess sufficient savings, capital and/or loans necessary to:
(a) purchase the business;
(b) fund the initial day-to-day operations of the business - keep in mind that it may take a number of months before your business generates "profits"
Go to the franchise article on his terrific blog.
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