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Starting a Franchise with Your 401(k): Is It Right for You?

2020 was a problematic year for many businesses. The COVID-19 pandemic created a volatile business environment across the United States. Many people lost jobs while others struggled to make ends meet. The uncertainty following 2020 has influenced some individuals to bet on themselves by purchasing a franchise.

Starting a business requires a solid financial plan. Part of the plan may include leveraging some of your 401(k). But is it a good idea? Here to talk about this issue is Bill McPherson, vice president of franchise development for AlphaGraphics, a leading franchisor of printing and marketing solutions.

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