The Million Dollar Question - Should I Borrow More Money to Invest in a More Expensive Franchise?
Written on the 24 April 2012 by Mark Fernandez, Director, Business Development Alliance
One of the many questions that I am asked is whether or not someone should borrow more money and buy into a more expensive franchise system or just to buy a franchise with their existing cash reserves? This is the million dollar question! It really comes down to a few key areas and it may not always be that the more money you invest the higher the returns.
In essence you are the only one that can make your own decision on how much capital is required to invest into your next business. Whether you are investing 100% of your own funds or you borrow more money to purchase a business you need to seek the right advice from your accountant, lawyer and business advisor prior to signing on the dotted line.
Author:Mark Fernandez, Director, Business Development Alliance
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