Multi-Unit Franchise Experts

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Where to Invest During a Layoff?

It’s common to feel overwhelmed and unsure of your next step during a layoff. To help alleviate some of this stress, here are answers to some of the frequently asked questions regarding investment opportunities to consider after a layoff. At the International Franchise Professionals Group (IFPG), we are committed to your success and provide guidance to help aspiring business owners identify and invest in franchise businesses.

What financial considerations do I need to make?

Financial considerations like liquidity, budgeting, Cash Flow, and investments about investment opportunities are key. Before making any decisions, it’s important to examine your financial health, including any immediate financial needs, overall debt load, and timeline for obtaining funding. It’s a good idea to budget for the next 3 to 6 months and assess how much you need to set aside for operating capital.

To cover unexpected expenses, you should also evaluate liquid investments. You should assess your overall investment goals before considering any one particular investment opportunity. It is worthwhile to speak to a financial advisor about your individual needs and what options you have in light of the current climate.

Where can I find the best investment opportunities?

As you look to identify and invest in franchise opportunities, don’t overlook the IFPD. Our franchise broker group is comprised of more than 1,300 franchisors, franchise consultants and vendor members and can provide you with exclusive insights to help inform your selection process. Through our guidance, we aim to help individuals make the best decisions according to their financial needs, investment goals and individual timeline.

It’s also important to consider your personal preferences when it comes to your time commitment and risk tolerance. As such, it pays to research the industry and the industry’s accompanying regulations and requirements. On top of this, research potential purchasers and how much you would have to contribute, as this varies between businesses. Finally, take a close look at the legal, financial, and documentation requirements that will need to be satisfied prior to the sale of a business.

At the IFPG, we provide a detailed analysis of franchise opportunities available in the market and help you select the right franchise that fits with your goals. This includes conducting a detailed risk analysis of the franchise to ensure it meets industry standards and assesses the franchisor’s background to ensure it is financially stable.

What are some other useful resources?

There are a number of helpful resources available to assist you in making informed decisions around investment opportunities. For instance, the U.S. Small Business Administration’s (SBA) Office of Investment Programs (OIP) provides information on investor requirements and the types of businesses that qualify for SBA assistance.

We also recommend speaking to fellow franchisees, who can provide additional insight into the experiences of franchise ownership. By hearing about their successes and failures, you can gain a better understanding of the potential risks and rewards involved in any franchise ownership. Having this information can help ensure you are making the best decision possible.

Finally, keep an eye out for local and industry-specific events and seminars. These can provide useful insights into the current climate and inform you of up-and-coming franchise opportunities.

Topics:

Investment Opportunites,

Corporate Layoffs,

Franchise Consulting

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