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A franchise can be a great way to start your entry into self-employment -- and strong income. Yet, there are still risks -- such as with site locations and hiring employees -- and lots of upfront costs.

But there is another approach; that is, purchasing an existing franchise (which is known as a "resale"). What are some things to consider? Well, let's take a look:

Track Record: With some due diligence, you can determine whether a franchise is successful or not. Besides getting the financials, you can talk to customers as well as vendors.

Continue reading Entrepreneur's Journal: Jumpstarting things by purchasing an existing franchise

Entrepreneur's Journal: Jumpstarting things by purchasing an existing franchise originally appeared on BloggingStocks on Sun, 24 Aug 2008 15:40:00 EST. Please see our terms for use of feeds.

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