Jose Torres’ Post

I get asked all the time if you need prior industry knowledge or experience in a certain field to be able to go into franchising? The answer is no. Franchisors are not looking for technical experts. They're looking for people who have basic block and tackling business & management skills. They are looking for people that can effectively manage their time, allocate resources, and manage people. Someone who understands that the role of the owner is to work on the business and not necessarily in the business. This is where transferable skills come in. Everyone has a set of competencies, talents, and skills that are directly applicable to a variety of businesses. We have to understand when we look at a franchise, which transferable skills you have, what you're good at and what you enjoy doing, so we can leverage those transferable skills into the right type of businesses. Ready to explore your franchise options? Let's connect! #Franchising #BusinessSkills #TransferableSkills #Entrepreneurship

Industry experience is not a prerequisite for starting a franchise. My latest article explores how franchisors value your business and management skills over technical expertise. The key is identifying your transferable skills and matching them to the right franchise opportunity. I dive deeper into what franchisors are really looking for and how we can help guide you toward the perfect fit for your strengths. #FranchiseFit #SkillsThatMatter #Entrepreneurship #FranchiseConsulting

You don't need industry experience to thrive in franchising! What matters most is your ability to manage, lead, and make strategic decisions. In this video, I break down how transferable skills like time management, leadership, and resource allocation play a crucial role in franchise success. Discover how your strengths can align with the perfect franchise opportunity. #FranchiseSuccess #TransferableSkills #BusinessOwnership #Franchising

Looking to finance your franchise? You’ve got options! You have conventional loans, which any bank that has a commercial lending department can help you look at the possibility of getting a loan for your business. And the other one is the SBA program of getting funding for your business. The advantage of using the SBA program? It comes with preferential terms, lower interest rate, and less collateral. The last one, which a lot of people use the wrong way, is retirement funds. If you were to take money out of your retirement funds, you get tax hits and you get penalties. However, there's a way to roll over money from your 401(k) or IRA for the purpose of buying a business penalty free and tax deferred. A lot of people are complimenting their other sources of funding with this vehicle in the market. Curious about how these financing options could help you move forward? Let’s chat, and I’d be happy to walk you through the process! #FranchiseFinance #SBAloans #EntrepreneurLife #BusinessGrowth

Wondering how to get the financial backing to buy a franchise? From partnering with family and friends to utilizing home equity, there are plenty of options at your disposal. This article breaks down the top funding sources and explains how you can leverage your retirement savings without penalties using a ROBS plan. If you're serious about franchise ownership, it’s time to explore these financial strategies and get started on the right foot! #FranchiseFinancing #BusinessFundingTips #EntrepreneurialJourney #FundingYourFuture

You don't have to tie up all your money when buying a franchise! There are plenty of resources and sources available to help you secure the financing you need. The first resource you have obviously is your savings. There's always going to be a portion of the investment that has to come in your own savings. Why? Because the franchise wants you to have equity in the business. Equity means having some of your own funds in the business to the tune of probably 20 to 25%. The rest of the amount can be financed, and here's where friends, relatives, and partners come in. A lot of people partner to be able to pull money together and buy a franchise. The next way to fund a franchise is using your home equity line of credit, which a lot of people have built a lot of equity over the years and are able to use some of that equity. You can choose from conventional loans or SBA programs, which offer lower interest rates and less collateral. Additionally, exploring retirement funds might be beneficial, as you can roll over 401(k) or IRA money to invest in a business without penalties. If you're interested in learning more about these funding strategies, feel free to reach out! #FranchiseFunding #Entrepreneurship #BusinessOwnership #FranchiseSuccess

Are you exploring ways to fund your franchise business? In this video, I'll walk you through several financing methods, from using your savings to leveraging SBA loans. You'll learn how to wisely utilize home equity and even tap into retirement funds without penalties. Ready to make your franchise dream a reality? Watch the video to explore your funding options and let’s discuss the best approach for you! #FranchiseFunding #BusinessOwnership #Entrepreneurship #FranchiseConsulting

How do you access funding to buy a franchise? The good news is that you don't need to have all your money tied into a franchise. Since there's a lot of resources and sources of funding for your franchise, let me take you through one of those resources one by one. There are several ways to finance your franchise, from using personal savings (typically 20-25% of the total investment) to leveraging partnerships or home equity lines of credit. You can also consider conventional bank loans or look into SBA loans, which often come with lower interest rates and favorable terms. Another powerful option is using a Rollover for Business Startups (ROBS) to invest retirement funds without penalties. With so many resources available, funding your franchise dream is more accessible than ever. Want to dive deeper into any of these options? Let’s connect and discuss which funding path is right for you! #FranchiseFunding #BusinessOwnership #Entrepreneurship #FranchiseSuccess

The landscape of franchise buyers is expanding, with more women and millennials setting their sights on business ownership through franchising. Women are breaking barriers and diversifying the industry, while millennials are embracing entrepreneurship in a new way. Surprisingly we've also seen a lot of “couple-preneurs” interested in franchises lately. These are either partners, domestic partners, or married couples who are going into business together. There are a lot of benefits of working with your spouse if you have the right business to pursue that with. Another fast growing group are foreign and international buyers, these are well educated, well traveled, sophisticated minded folks who are looking to do business in the USA and be able to work and live legally in the USA permanently or temporarily. They want to pursue the American dream that business ownership can give them in this country. Lastly, since the pandemic, we have also seen an increase in baby boomers interested in investing in a franchise for themselves and their adult children. They want to help them get into business at a reduced risk and leave a legacy behind for them. If you want to learn more about how franchising can benefit you and your family, please reach out to me and I'll be happy to share more information with you. #FranchiseLegacy #BabyBoomersInBusiness #FranchiseFuture #FamilyBusiness

In the ever-evolving world of franchising, we are witnessing a remarkable shift in the demographics of franchise buyers. My latest article delves into this transformation, highlighting the rise of women in franchising and their contributions to diverse industries. Additionally, we explore the growing influence of millennials, couple-preneurs, and even international buyers seeking their piece of the American dream through business ownership. Curious to learn more? Check out the article and discover how these groups are reshaping the franchise landscape! #Franchising #WomenInFranchising #Millennials #Entrepreneurship