Buy A Franchise ? You Had Better Know This First ...
1. Buy A Franchise? What You Had Better
Consider First
So you’ve thought about buying a franchise? Take it
from someone who’s been there…relax; take a deep
breath and really consider what you are doing first.
Buying a franchise can be a great idea but it requires a
large amount of up front cash, a huge amount of time
and numerous headaches-plus you really shouldn’t
expect to be profitable for 2-5 years…if you
can make it that long !
Have you been seriously considering becoming a business
franchisee? Before you take the plunge and put your life
savings, house and probably your marriage at risk….
Take the time to consider all the factors; financial, operational,
systems and procedures and most importantly - yourself.
2. So the question you should be asking yourself
is- “Is There A Better Way To Get What I
Want ?”
Allow me to explain for a moment.
See I’ve been a franchise owner as well, and after
the initial struggles in the business –it’s a well-
known brand with locations all over the world- we
began to do quite well.
In fact, our business consistently brought in over
a million dollars a year, every single year. And
while that sounds great to most people, when it’s
a franchise, once you go over taxes, payroll,
advertising , royalties and battling the city,
county, and the occasional ornery customer (even
if you’re doing a great job) you’re actually left
3. with quite little left over.
All while spending about 80 hours a week at the
business or working on it and being constantly
“on call”.
So I asked myself…“Is this worth it ?”
But let’s face it- I didn’t really have any other
options at the time; most people would kill to
have the business we had.
So I kept telling myself to get over it.
The dirty little secret about buying a
franchise…
4. is that in this economy many franchisee-owned
entities are going belly –up… but they’re certainly
not going to tell you that!
In fact it’s so difficult to function in one of these
types of industry these days that you’re rarely
allowed to commit to buying just a single
franchise in most organizations becausethey
know you can’t survive on just one !
So when I was presented with an alternative to our
business I thought long and hard about it before
taking the plunge…and instead of having to wait
3 years to work our way out of debt from the
investment we actually made a profit the first
month !
We began taking home more money in our
second month than we did in many of our best
5. months from owning a million dollar store !
Why ? Because using the new mechanics of
wealthwe were able to start a profitable business
without all the headaches that are bringing down
all the other types of small business in our
economy, like…
Royalties
Advertising Fees
Employees !(Ask anyone who’s owned
a business if this wasn’t their biggest
headache)
Accounts payable and receivable
Massive amounts of inventory
Maintenance (No more calls at
midnight telling us the A/C unit has
gone out ! )
Plus earn massive tax breaks
to keep what we’ve earned
Let’s be honest: most people just aren’t ready
for the commitment the food industry and
many other quality franchise
6. opportunitiesdemand.
I mean the reason you are thinking about
buying a franchise is to work for yourself and
stop trading time for money right? But then
why would you commit the next three years to
trading more of your time for less money if
you knew of a better way ?
What would you say if I told you that 60% of
all start-up businesses go out of business
within the first three years ?! And many of
these should have closed earlier.
We don't want you to be part of that 60%.
So maybe you’re like us…you wanted
something better for and were willing to go
get it. If that is you-then what worked for us
might be just up your alley. Just follow the
link below to find abusiness that actually
works !