2006-08-10 07:29:56 · 3 answers · asked by karthik a 1 in Business & Finance ➔ Small Business
An education. 100k.
2006-08-10 07:33:07 · answer #1 · answered by okronbon 3 · 0⤊ 1⤋
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* How to Open a Financially Successful Pizza & Sub Restaurant by Shri L. Henkel
* Getting Your Slice of the Pie: A Definitive Source for Prospering in Pizza by Tracy Powell
* Restaurant Financial Basics by Raymond S. Schmidgall
* Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan and Feasibility Study by Sharon Fullen
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-08-10 14:39:47 · answer #2 · answered by TM Express™ 7 · 0⤊ 1⤋
If you are looking into buying a franchise business it can be very costily, it really just depend on how well the franchise does but if you were to buy into a pizza hut franchise i would say that it would cost you around 300k just because of the high demand for there product...i know it cost around 500k to purchase a McDonalds
2006-08-10 14:46:30 · answer #3 · answered by Anonymous · 0⤊ 1⤋