--- title: I Want To Start My Own Business. Now What? description: Learn how to start a business and the benefits of increasing success through franchising. image: https://www.trubluefranchise.com/hubfs/shutterstock_2184502325.jpg --- [Skip to content](https://www.trubluefranchise.com/blog/i-want-to-start-my-own-business.-now-what#main-content) Close - [Our Business Model](https://www.trubluefranchise.com/our-business-model) - [Why TruBlue?](https://www.trubluefranchise.com/why-trublue) - [Investment](https://www.trubluefranchise.com/investment) - Resources - [FAQs](https://www.trubluefranchise.com/faqs) - [In The News](https://www.trubluefranchise.com/in-the-news) - [Video Gallery](https://www.trubluefranchise.com/video-gallery) - [Blog](https://www.trubluefranchise.com/blog) - [Meet the Team](https://www.trubluefranchise.com/meet-the-team) SEARCH [Let's Connect](https://www.trubluefranchise.com/schedule-a-call) [![TruBlue-Logo-061323](https://www.trubluefranchise.com/hs-fs/hubfs/TruBlue-Logo-061323.png?width=220&height=51&name=TruBlue-Logo-061323.png)](https://www.trubluefranchise.com/) [![TruBlue-Logo-061323](https://www.trubluefranchise.com/hs-fs/hubfs/TruBlue-Logo-061323.png?width=220&height=51&name=TruBlue-Logo-061323.png)](https://www.trubluefranchise.com/) - [Our Business Model](https://www.trubluefranchise.com/our-business-model) - [Why TruBlue?](https://www.trubluefranchise.com/why-trublue) - [Investment](https://www.trubluefranchise.com/investment) - Resources - [FAQs](https://www.trubluefranchise.com/faqs) - [In The News](https://www.trubluefranchise.com/in-the-news) - [Video Gallery](https://www.trubluefranchise.com/video-gallery) - [Blog](https://www.trubluefranchise.com/blog) - [Meet the Team](https://www.trubluefranchise.com/meet-the-team) [Let's Connect](https://www.trubluefranchise.com/schedule-a-call) ![Women with tablet business entrepreneur](https://www.trubluefranchise.com/hs-fs/hubfs/shutterstock_2184502325.jpg?width=520&height=348&name=shutterstock_2184502325.jpg) [TruBlue](https://www.trubluefranchise.com/blog/author/trublue) May 24, 2024 # I Want To Start My Own Business. Now What? [Previous Post](https://www.trubluefranchise.com/blog/the-future-of-aging-in-place-far-more-than-grab-bars-and-home-modifications) [Next Post](https://www.trubluefranchise.com/blog/lake-bancroft-of-trublue-in-boise-featured-on-caring-in-america-podcast) Starting a business is an exciting venture but can also be daunting. Investing in a franchise is one way to mitigate the risks and increase your chances of success. Franchising allows you to leverage the success of an established brand while still enjoying the benefits of business ownership. Here’s a step-by-step guide on how to start a business with a focus on franchising. ### **1. Self-Assessment: Start Your Own vs. Franchise** Choosing a franchise over starting your own business from scratch offers several compelling advantages, especially in avoiding the pitfalls of reinventing the wheel. When you start a franchise, you buy into a proven business model with established marketing and operating systems. This reduces the risks and uncertainties typically associated with new business ventures. Franchisors provide extensive training and ongoing support, helping you navigate challenges more efficiently than if you were on your own. Additionally, the marketing, operational, and logistical frameworks are already in place, allowing you to focus on running and growing the business rather than developing everything from scratch. This structured approach can significantly enhance your chances of success, making franchising an attractive option for aspiring entrepreneurs who seek a balance between independence and support. - **Owning a Franchise:  Proven Business Model-** Leverage an established brand and proven business model. - **Support and Training:** Access to training and ongoing support from the franchisor. - **Peer Network:** Getting support from other franchisees in the system ### **2. Research Potential Franchise Opportunities** With thousands of franchise options available, thorough research is crucial. Consider: - **Industry:** Choose an industry that interests you and aligns with your skill - **Brand Reputation:** Research the reputation and track record of potential franchises. Look for franchisee satisfaction and growth. - **Investment Requirements:** Understand the total costs to launch ### **3. Evaluate the Franchise Disclosure Document** The FDD is a critical document that provides detailed information about the franchise. Key sections include: - **Franchisor’s Background:** Information about the franchisor’s history - **Initial Fees and Costs:** Detailed breakdown of all fees. - **Franchisee Obligations:** Your responsibilities as a franchisee. - **Territory Rights:** Information on your exclusive rights to a specific area. ### **4. Speak with Existing Franchisees** Talking to current franchisees can provide valuable insights. Ask about: - **Training and Support:** The quality and effectiveness of the franchisor’s training and ongoing support. - **Challenges:** Common challenges and how they were overcome. **Profitability:** Realistic expectations for profitability and return on investment. ### **5. Secure Financing** Franchises often require significant upfront investment. [Explore financing options](https://www.trubluefranchise.com/investment) such as: - **HELOC Bank Loans:** For low-investment businesses, many people use Home Equity Lines of Credit (HELOC) to finance their new business. - **401K Rollover:** Individuals can rollover funds from an eligible retirement account, such as a 401(k), IRA, or other qualified plan, into a new retirement plan that invests in the stock of the new business. This process provides the capital needed to fund the business while preserving the tax-deferred status of the retirement funds. - **SBA Loans:** The Small Business Administration (SBA) provides loans with favorable terms for franchisees. - **Personal Savings and Investments:** Using personal funds or seeking investment from family and friends. Starting a franchise can be an excellent way to enter the world of business ownership with the support of an established brand. By following these steps and leveraging the resources provided by the franchisor, you can increase your chances of success and enjoy the benefits of owning your own business. Franchising offers a unique blend of independence and support, making it an attractive option for aspiring entrepreneurs. [![TB Blog CTA image](https://www.trubluefranchise.com/hs-fs/hubfs/TB%20Blog%20CTA%20image.png?width=1600&height=500&name=TB%20Blog%20CTA%20image.png)](https://www.trubluefranchise.com/get-started)   ![avatar](https://app.hubspot.com/settings/avatar/d41d8cd98f00b204e9800998ecf8427e) #### [TruBlue](https://www.trubluefranchise.com/blog/author/trublue) ##### Subscribe for Updates ## RELATED ARTICLES ### [TruBlue May 18, 2026 The Wave is Here: Why TruBlue's Leadership is Built for This Moment The numbers don't lie. Assisted living costs are rising. Facilities are filling up. And 10,000 Americans turn 65 every single ... Start Reading](https://www.trubluefranchise.com/blog/the-wave-is-here-why-trublues-leadership-is-built-for-this-moment) ### [TruBlue February 11, 2019 Brian Winton Welcomes TruBlue to Chattanooga The United States Air Force Veteran, Brian Winton, is excited to launch his first business, TruBlue Total House Care of ... 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Start Reading](https://www.trubluefranchise.com/blog/local-trublue-franchisee-featured-on-wpxi-for-helping-homeowners-tackle-post-winter-repairs) [![TruBlue-Logo-Reverse-061323](https://www.trubluefranchise.com/hs-fs/hubfs/TruBlue-Logo-Reverse-061323.png?width=220&height=51&name=TruBlue-Logo-Reverse-061323.png "TruBlue-Logo-Reverse-061323")](https://www.trubluefranchise.com/) ##### SUBSCRIBE TO STAY UP TO DATE #### Quick Links - [Our Business Model](https://www.trubluefranchise.com/our-business-model) - [Why TruBlue?](https://www.trubluefranchise.com/why-trublue) - [Investment](https://www.trubluefranchise.com/investment) - [For Real Estate Pros](https://www.trubluefranchise.com/real-estate-professionals) #### Resources - [FAQs](https://www.trubluefranchise.com/faqs) - [In The News](https://www.trubluefranchise.com/in-the-news) - [Video Gallery](https://www.trubluefranchise.com/video-gallery) - [Blog](https://www.trubluefranchise.com/blog) #### Get In Touch - [Schedule A Call](https://www.trubluefranchise.com/schedule-a-call) - [877 772-0149](tel:877772-0149) #### Legal - [Privacy Policy](https://www.trubluefranchise.com/privacy-policy-and-terms) - [Accessibility](https://www.trubluefranchise.com/accessibility) The franchising information contained in this website is not intended as an offer to sell a franchise or the solicitation of an offer to buy a franchise. The following states regulate the offer and sale of franchises and/or business opportunities in the United States: Alabama, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, New Hampshire, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington and Wisconsin. The following provinces regulate the offer and sale of franchises in Canada: Alberta and Ontario. If you are a resident of one of these states or provinces, we will not offer or sell you a franchise unless and until we have complied with the applicable presale registration and disclosure requirements in your state or province. All rights reserved - [Privacy Policy](https://www.trubluefranchise.com/privacy-policy) - [Website by Nextiny](https://www.nextinymarketing.com/) ```json { "@context" : "http://schema.org", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "United States", "addressLocality" : "Cincinnati", "addressRegion" : "Ohio", "postalCode" : "45242", "streetAddress" : "4755 Lake Forest Dr Suite 100" }, "email" : "hello@power.com", "knowsLanguage" : "en", "logo" : { "@type" : "ImageObject", "url" : "https://24394839.fs1.hubspotusercontent-na1.net/hubfs/24394839/Logos/TruBlue-Logo-091622.png" }, "name" : "TruBlue Franchise", "telephone" : "+49 (0) 89 123 456", "url" : "https://www.trubluefranchise.com/blog/i-want-to-start-my-own-business.-now-what" } ``` ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "abstract" : "Learn how to start a business and the benefits of increasing success through franchising.", "author" : { "@type" : "Person", "name" : "TruBlue" }, "dateModified" : "May 24, 2024 5 PM", "datePublished" : "May 24, 2024 3 PM", "headline" : "I Want To Start My Own Business. Now What?", "image" : "https://24394839.fs1.hubspotusercontent-na1.net/hubfs/24394839/shutterstock_2184502325.jpg", "inLanguage" : "en", "keywords" : "[]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "I Want To Start My Own Business. Now What?", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://24394839.fs1.hubspotusercontent-na1.net/hubfs/24394839/Logos/TruBlue-Logo-091622.png" }, "name" : "TruBlue Franchise" }, "text" : "Starting a business is an exciting venture but can also be daunting. Investing in a franchise is one way to mitigate the risks and increase your chances of success. Franchising allows you to leverage the success of an established brand while still enjoying the benefits of business ownership. Here’s a step-by-step guide on how to start a business with a focus on franchising. 1. Self-Assessment: Start Your Own vs. Franchise Choosing a franchise over starting your own business from scratch offers several compelling advantages, especially in avoiding the pitfalls of reinventing the wheel. When you start a franchise, you buy into a proven business model with established marketing and operating systems. This reduces the risks and uncertainties typically associated with new business ventures. Franchisors provide extensive training and ongoing support, helping you navigate challenges more efficiently than if you were on your own. Additionally, the marketing, operational, and logistical frameworks are already in place, allowing you to focus on running and growing the business rather than developing everything from scratch. This structured approach can significantly enhance your chances of success, making franchising an attractive option for aspiring entrepreneurs who seek a balance between independence and support. Owning a Franchise: Proven Business Model- Leverage an established brand and proven business model. Support and Training: Access to training and ongoing support from the franchisor. Peer Network: Getting support from other franchisees in the system 2. Research Potential Franchise Opportunities With thousands of franchise options available, thorough research is crucial. Consider: Industry: Choose an industry that interests you and aligns with your skill Brand Reputation: Research the reputation and track record of potential franchises. Look for franchisee satisfaction and growth. Investment Requirements: Understand the total costs to launch 3. Evaluate the Franchise Disclosure Document The FDD is a critical document that provides detailed information about the franchise. Key sections include: Franchisor’s Background: Information about the franchisor’s history Initial Fees and Costs: Detailed breakdown of all fees. Franchisee Obligations: Your responsibilities as a franchisee. Territory Rights: Information on your exclusive rights to a specific area. 4. Speak with Existing Franchisees Talking to current franchisees can provide valuable insights. Ask about: Training and Support: The quality and effectiveness of the franchisor’s training and ongoing support. Challenges: Common challenges and how they were overcome. Profitability: Realistic expectations for profitability and return on investment. 5. Secure Financing Franchises often require significant upfront investment. Explore financing options such as: HELOC Bank Loans: For low-investment businesses, many people use Home Equity Lines of Credit (HELOC) to finance their new business. 401K Rollover: Individuals can rollover funds from an eligible retirement account, such as a 401(k), IRA, or other qualified plan, into a new retirement plan that invests in the stock of the new business. This process provides the capital needed to fund the business while preserving the tax-deferred status of the retirement funds. SBA Loans: The Small Business Administration (SBA) provides loans with favorable terms for franchisees. Personal Savings and Investments: Using personal funds or seeking investment from family and friends. Starting a franchise can be an excellent way to enter the world of business ownership with the support of an established brand. By following these steps and leveraging the resources provided by the franchisor, you can increase your chances of success and enjoy the benefits of owning your own business. Franchising offers a unique blend of independence and support, making it an attractive option for aspiring entrepreneurs.", "url" : "https://www.trubluefranchise.com/blog/i-want-to-start-my-own-business.-now-what", "wordCount" : "1059" } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "TruBlue", "url" : "https://www.trubluefranchise.com/blog/author/trublue" }, "dateModified" : "2024-05-24T17:17:25.285Z", "datePublished" : "2024-05-24T15:42:59.000Z", "headline" : "I Want To Start My Own Business. Now What?", "mainEntityOfPage" : { "@id" : "https://www.trubluefranchise.com/blog/i-want-to-start-my-own-business.-now-what", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.trubluefranchise.com/hubfs/Logos/TruBlue-Logo-091622.png" }, "name" : "T.B. Franchising Systems, Inc / dba TruBlue Home Service Ally" } } ```