Although you may have numerous motivations for wanting to buy your own franchise, there is one key factor you should keep in mind that will determine the success of your venture: money. That means that when you are evaluating whether or not to buy a particular franchise, you should be focusing on questions that allow you to gauge capital needs. Secondly, you need to know the markets your franchise will operate in.
Insufficient capitalmay cause you to cut costs in areas where you should be devoting more funds. Here are the ways not having enough capital will hurt startups and what you can do to raise more money.