What Is Your Net Worth?
Calculating your net worth for a franchise is easy to do with my Free Net Worth Calculator!
Just fill out the fields below to calculate your net worth. (Then print the page.) You now have an official personal net worth statement.
More On Net Worth
Before you start your search for that perfect franchise opportunity, it’s important for you to gather specific information on your financial picture. You do that by coming up with a personal net worth statement.
And what is your “net worth?”
Your net worth is a simple calculation.
It’s the difference between your total assets and your total liabilities. Once you have that, it’s the most important number on your net worth statement. In turn, that becomes part of your personal financial statement.
Franchise Net Worth Requirements
As you’ll see (when you’re searching for a franchise to buy), most franchisors have a minimum net worth requirement.
For example, if you were looking to buy a Marco’s Pizza franchise, you have a net worth requirement of $450k.
I Can’t Emphasize This Enough
If you don’t know where you stand financially, you’re going to end up wasting an awful lot of time learning about…and maybe even getting excited about specific franchise opportunities you may not be able to afford-or qualify for, financially.
With that in mind, you’ll see that when you find a franchise you’re interested in learning more about, the next step will be to fill out a “Request For Information” form. This form will probably include questions about your finances. As a matter of fact, there may be a space on the form for you to type in your net worth. That said, wouldn’t it be nice to have all of your financial information in front of you-including your net worth statement, as opposed to frantically digging around for it when you find an interesting franchise or business opportunity?
Use The Franchise King®’s Free Net Worth Calculator For A Franchise
The only way to get the financial information you’ll need to have for the franchisors is to do a personal net worth statement. It’s not difficult to do, especially with my free net worth calculator.
Even if you don’t end up investing in a franchise business, the information listed (on this net worth form can be used when other financial matters come up — like college, home purchases, and more.
Suggestion: Bookmark this page now, so you can go back and update your personal financial information as needed.
Finally, did I answer your question on how to figure out your net worth? Did you calculate your net worth with my free calculator?