Breaking Through Financial Barriers

How Franchise Match Can Help You Become a Business Owner

Have you ever dreamed of owning your own business? Maybe you’ve thought about it for years but never took the first step. Or perhaps you’ve researched options but felt stuck. If so, you’re not alone. Many people want to become entrepreneurs but face challenges along the way. The good news is that companies like Franchise Match and their Career Ownership Coaches® are helping people overcome these hurdles every day.

The 1 Thing Holding Back Potential Business Owners

What’s the biggest thing stopping people from starting a business? According to recent findings from the Pathways to Wealth Survey, it’s money. The survey shows that 45% of people who don’t own businesses say lack of capital (money to start a business) is why they haven’t become entrepreneurs. Another 40% believe they simply aren’t wealthy enough to start a business.

These numbers tell an important story: Many people have what it takes to run a successful business in terms of personality and skills, but financial concerns stop them from moving forward. For those who have seriously thought about starting a business, money is the main barrier. For people who haven’t given it serious thought, other factors like personality traits or not having a business idea matter more.

How Money Problems Affect Different Groups

Financial challenges don’t affect everyone the same way. The Pathways to Wealth Survey shows that minority business owners, especially those who are Black or Hispanic, report worse credit histories. This includes higher default rates and lower self-reported creditworthiness compared to White business owners.

Why does this matter? Because lower creditworthiness makes it harder to get loans. It also predicts worse business performance in terms of revenue, profits, and growth. This creates a cycle that can be hard to break without help.

Interestingly, most current business owners don’t seek additional money. In 2023, only 10% of business owners looked for capital, and just 3% applied for a loan. But there’s an important difference: 24% of business owners who hired at least one worker in the past year sought capital, compared to only 8% of those who didn’t hire anyone.

Why don’t more business owners seek funding? Many say they don’t want to take on debt or don’t need extra money based on their revenue and expenses. Some feel that taking on debt might limit the freedom they wanted as business owners in the first place.

How Franchise Match Bridges the Gap

This is where Franchise Match comes in. Understanding these challenges, Franchise Match has created a patented and proven system designed to help aspiring entrepreneurs overcome barriers and find the right business opportunities.

What is Franchise Match?

Franchise Match connects people who want to own a business with franchise opportunities that match their goals, skills, and financial situation. But they don’t just provide a list of franchises. They offer something much more valuable: guidance from experienced Career Ownership Coaches®.

Professionally matched franchises enjoy 27% higher five-year success rates. (IFA)

The Role of a Career Ownership Coach®

A Career Ownership Coach® is an expert who works with you one-on-one to understand your unique situation. They learn about your:

Financial comfort level
Skills and experience
Personal goals
Work preferences
Risk tolerance

Using this information, they help match you with franchise opportunities that make sense for your specific situation. This personalized approach is very different from trying to figure everything out on your own.

How Franchise Match Addresses Financial Barriers

Remember that 45% of potential entrepreneurs who cite lack of capital as their main barrier? Franchise Match helps tackle this problem in several ways:

Finding the right investment level: Not all franchises require huge amounts of money to start. Your Career Ownership Coach® can help find opportunities that match your financial comfort level.
Educating you on the funding options you can explore: Many people don’t know about all the ways to finance a business. Career Ownership Coaches® can introduce you to options like:

SBA loans (Small Business Administration)
401(k) business financing (using retirement funds without penalties)
Franchisor financing programs
Investor partnerships

Beyond Finances: The Full Support System

While money matters are important, Franchise Match offers help beyond just financial guidance:

Skills assessment: Identifying your transferable skills that would work well in different business models
Risk management: Finding franchise opportunities with strong support systems that reduce the risks of business ownership
Long-term planning: Creating a pathway that aligns with your life goals and retirement plans
Due diligence support: Helping you thoroughly research potential franchises before making a commitment

Real Success Stories

Many successful business owners started exactly where you might be now – wanting to own a business but facing financial barriers. With the help of Franchise Match and their Career Ownership Coaches®, they found ways forward.

Take Michael, for example. After 20 years in corporate management, he wanted to own a business but worried about the financial risk. His Career Ownership Coach® helped him find a service-based franchise with lower startup costs that utilized his management skills. The coach also connected him with an SBA lender experienced in franchise financing. Today, Michael’s business is thriving, and he’s planning to open a second location.

Or consider Sophia, who had excellent entrepreneurial skills but a credit history that had been damaged during the pandemic. Her coach helped her find a franchise that offered direct financing options and connected her with a local business development center that provided free credit counseling. Eighteen months later, Sophia’s business is generating steady income, and she’s rebuilding her credit profile.

Is Franchise Ownership Right for You?

Not everyone is meant to be a business owner, and that’s perfectly okay. A good Career Ownership Coach® will help you honestly assess whether franchise ownership makes sense for your situation. They might even recommend staying in your current career path if that’s truly best for you.

But for many people, the barrier isn’t their ability or personality – it’s simply not knowing how to overcome financial hurdles or finding the right opportunity. That’s where expert guidance makes all the difference.

If the findings from the Pathways to Wealth Survey resonate with you – if you’ve thought about business ownership but felt held back by financial concerns – consider taking a first step with Franchise Match.

An initial consultation with a Career Ownership Coach® is free and comes with no obligation. This conversation can help you:

Understand if business ownership might be right for you
Learn about franchise options you may not have considered
Explore potential funding solutions for your situation
Create a roadmap for moving forward (or confirm that your current path is best)

The research is clear: financial barriers are the number one thing holding back potential entrepreneurs. But with the right guidance and support, these barriers can be overcome.

Franchise Match and their Career Ownership Coaches® are dedicated to helping people just like you navigate the path to business ownership. Whether you’re just starting to consider the possibility or you’ve been thinking about it for years, expert guidance can make all the difference.

Business ownership isn’t just for the wealthy or the financially perfect. With the right opportunity and support system, it can be accessible to many more people than currently pursue it. The dream of entrepreneurship might be closer than you think.

Ready to explore your options? Reach out to Franchise Match today and take the first step toward understanding what might be possible for your future.

Find Out More About Your Career Revolution:

Our mission is to help individuals explore self-sufficiency as an alternative career.

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Dedication:

We dedicate this book to the tens of thousands of clients who have allowed us to guide then through their Journey of Discovery – courageous people who have made their dreams come true by taking the path less traveled. You inspire us every day. May you, the reader, also achieve your dreams and may this book empower you and assist you in your journey.

—The Entrepreneur’s Source Career Ownership Coaches

We help them define their Income, Lifestyle, Wealth, and Equity goals and provide education on the best ways to achieve them. We don’t sell franchises – we help people achieve their dreams of self-sufficiency through business ownership. The approach is different, the experience is different. And it works.