BLK85
New Contributor
I havent been around much, but I view on occasion. I have been busy working mostly(for someone unfortunately).
I have recently learned about an opportunity to buy a small fairly unknown type of business(except in the "industry" it will be in). I will be buying it with a friend(if everything works out right). We will need to buy a Franchise which mostly just consists of buying the companies product. It is a very new type of product, well not really new its the same as an older product but its been awhile since the previous product was around. I use it so I believe in it.
Basically I want to know what would be the best way legally to get this done? Where is the best place to get a loan for the amount? I really cant afford to buy it outright unless I empty my savings, which I wont do. I am going to my bank tomorrow to get some idea of how to do this.
Also any other advice on how to work this would be GREAT. I am really new to this. I look at it since its such a small amount of money and will probably be making money in a year it will be a learning experience to learn how to run a business.
Thanks,
BLK85
I have recently learned about an opportunity to buy a small fairly unknown type of business(except in the "industry" it will be in). I will be buying it with a friend(if everything works out right). We will need to buy a Franchise which mostly just consists of buying the companies product. It is a very new type of product, well not really new its the same as an older product but its been awhile since the previous product was around. I use it so I believe in it.
Basically I want to know what would be the best way legally to get this done? Where is the best place to get a loan for the amount? I really cant afford to buy it outright unless I empty my savings, which I wont do. I am going to my bank tomorrow to get some idea of how to do this.
Also any other advice on how to work this would be GREAT. I am really new to this. I look at it since its such a small amount of money and will probably be making money in a year it will be a learning experience to learn how to run a business.
Thanks,
BLK85
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
