Waiting for the pandemic to go away? You could be waiting a while. If you've been financially impacted by the pandemic, now might be the time to take a leap of faith and buy a franchise to turn a bad situation into a good one.
There are a ton of easy franchises to choose from that can help you get started as a business owner. Some of these franchises are inexpensive to buy, some require less time and energy to get started and manage, and at the end of the day, you can still produce a profit.
The rules established by a franchise have been time tested and demonstrate that they are for the good of the brand, which in turn means they are good for anyone who owns a franchise.
Read MoreWe're not going to tell you that it's easy to buy a franchise with bad credit, but we can tell you that it's not impossible.The best chance to secure a loan for a franchise if you have bad credit is with a loan from the Small Business Administration.
COVID-19 has put a lot of strain on small businesses in particular. Many have had to shut down. Some businesses, through the power of the Internet and a re-thinking of their business model, have managed to survive.