Common Pitfalls In FDD Item 7 During Franchise Due Diligence

Common Pitfalls In FDD Item 7 During Franchise Due Diligence

Are you looking into franchising but concerned about common pitfalls in FDD Item 7 during franchise due diligence? In this video, we break down the key financial challenges you need to know before diving in. From understanding your working capital needs to managing unforeseen expenses and building a realistic budget, this Q&A session is packed with insights to help you avoid costly mistakes. Whether you're planning to leave your job or go full-time into a franchise, these tips are essential for your success.

Question: What are some common pitfalls to look out for in FDD Item 7 when conducting due diligence on a franchise?

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📌 Timestamps:
00:00 Key pitfalls in FDD Item 7: Working Capital
00:32 Managing living expenses during ramp-up
01:01 Importance of accurate projections and talking to franchise owners
01:26 Detailing expenses for SBA loans and unforeseen costs
01:55 The importance of speaking with franchise owners about startup costs
02:19 Find out if a franchise is available in your area

💥 Thanks for watching 💥
#FranchiseDueDiligence #FDDItem7 #FranchisePitfalls #WorkingCapital #BusinessFinance #FranchiseSuccess #SBAloans #FranchiseAdvice #FranchiseOwnership #StartupCosts

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

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