SOURCE: The Entrepreneur's Source
SOUTHBURY, CT--(Marketwire - Sep 26, 2012) - With more and more people seeking business ownership options in this challenging job market, many players in the franchise industry are working hard to open the doors of opportunity to business ownership -- ensuring that those aspiring entrepreneurs can become franchise investors. "We're seeing positive trends both in lending and education," says Brian Miller, COO of TES Franchising LLC.
"First, industry associations like the International Franchise Association (IFA) are aggressively educating the lending community on the powerful investment opportunity franchising offers," says Miller. "The key message here is that it is oftentimes safer for lenders to consider franchise investments because they're backed by a proven system of support."
Secondly, aspiring business owners interested in learning about franchising can reach out to very credible resources of education, such as a franchise business coach, to help them identify whether business ownership is right for them and to help them understand the financing options available.
Franchise business coaches with TES work directly with strategic business partner Guidant Financial. Both TES and Guidant share a common vision of how to help new and passionate business owners get the financing they need. TES coaches help prospective entrepreneurs seek out financing early in the process of opening a new business to get a perspective on what is available and what they can afford.
Along with helping people identify financing options, TES coaches also offer guidance and training on franchising and business opportunities, taking clients through a "discovery process" to identify their income, lifestyle, wealth and equity goals. Clients are then presented with business concepts to explore how those complement their goals, needs and expectations.
"The financing environment is not as cumbersome as it has been in the past five years," says David Nilssen, co-founder and CEO of Guidant Financial. "Credit has become more accessible in the last 12 months and we are finding great success through unsecured loans and the Small Business Administration (SBA) loan programs."
"Understanding the financing options for aspiring business owners makes business ownership an even more viable option for people in career transition," said Miller. "And it's been our experience that lending institutions can be even more open to provide funding for a franchise."
"We believe the best franchise buyers understand their options and can make an informed decision. We work diligently with TES business coaches and invest considerable time with franchise seekers to educate them about their options," says Nilssen. "Many clients have the ability to capitalize their businesses. They simply need to understand what their options are, and explore creative ways to obtain funds."
For more information on business coaching services offered by The Entrepreneur's Source, please visit www.entrepreneurssource.com
About The Entrepreneur's Source®
The Entrepreneur's Source is North America's leading career and business coaching company dedicated to the entrepreneur with more than 230 offices in the United States and Canada. The Entrepreneur's Source offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. Today, The Entrepreneur's Source dominates the $1.5 billion dollar Business Coaching/Consulting franchise market in North America. The Entrepreneur's Source has the unique distinction of being ranked in Entrepreneur Magazine's Top Franchise 500 for ten consecutive years, placing #130 in 2012. It has also placed on the prestigious Top 100 lists in Entrepreneur Magazine's "Fastest Growing Franchises," "Top Global Franchises," and "Top 101 Home Based Franchise." And for three consecutive years, AllBusiness listed The Entrepreneur's Source on the All Star Franchise Rankings at #53 for 2012. For more information about The Entrepreneur's Source, go to www.entrepreneurssource.com
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