In this episode, Matt and Rick discuss the best (and worst) ways to fund a fitness business. Stay Tuned → Learn more at → https://alloyfranchise.com/
The most common reason that businesses fail is inadequate capital. But where is the money to fund a business found?
This is the question we answer in today’s podcast episode.
But even before we look at ways to fund a fitness business, do you know that you are several times more likely to get funding if you are going for a franchise.
A franchise is a proven concept, and financiers know that you are more likely to succeed in a franchise than when you are on your own.
Now, if you are looking for ways to fund a fitness franchise, the top 3 options are:
Tune in to this episode to learn the advantages and disadvantages of each of these three options and the best one to go for when funding a fitness franchise.
Key Takeaways
- How Alloy franchisees are doing (00:24)
- Why getting funding for a franchise is easier (04:07)
- Personally funding your fitness business (06:14)
- Finding an investor to fund your business (08:04)
- SBA loan – Alloy is an SBA approved franchise (10:00)
- How you can use your 401K (without penalties) to fund a business (11:54)
Additional Resources:
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