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YES, you can! Known as a ROB (Rollovers as Business Startups) strategy, this solution is a popular option. Small Business Funding Your 401(k), IRA or other qualified retirement account can be the key to starting your business debt-free and cash-rich....
Growing your business can be a time-consuming process, but here are five steps you can take this week to put yourself on the track to expansion. Monday: Analyze Your Current Situation Spend some time analyzing where your business is now. This can...
Using retirement funds to purchase a franchise can be valuable to business owners looking for a way to fund their growth. However, it is critical to understand which transactions the Internal Revenue Service (IRS) allows and which it does not. Because of two recent...
Each year, thousands of Americans turn to Benetrends for assistance in taking control of their futures. Many of these new entrepreneurs have experienced down-sizing or business closures and have opted for self-reliance. Others have chosen to leave the uncertainty of...
The IFA is the world’s oldest and largest organization representing franchises. They provide information to all members on franchise development, national and state policies, international expansion, financial management, franchisor and franchisee relations, and many...
One of the most popular questions we are asked by entrepreneurs interested in getting an SBA loan is, "What are my options for securing the money needed for an SBA loan?" This is because to qualify for an SBA loan, most lenders typically require the entrepreneur...
Long gone are the days when banks would lend money to anyone who could fog a mirror. Since the credit crises occurred in 2008, entrepreneurs have found it more difficult to get the funding required to purchase a new franchise. Home equity loans, historically one of...
With a number of high-profile data breaches in the news over the past several months, 2014 has already been dubbed by some as the Year of the Data Breach. According to InfoSecurity Magazine, as of July 15, 2014, more than 400 data breaches have been reported,...
If you are ready to start a business, it is important to have adequate funding. While there are many ways to obtain funding there is one that you may not know about, and it’s as close as your retirement plan. 401(k) rollover funding is the startup strategy that helps...
It's not uncommon for entrepreneurs and business operators today to tap into their 401(k) or other retirement accounts to seed growth and expansion. This holds true in franchising as well. If you're a multi-unit franchisee considering how you might use your...