Another Franchise Myth: “I Would Quit My Mind Numbing Job And Own A Franchise If It Wasn’t So Expensive"

Ask your buddy to guess how much it costs to own a franchise and inevitably the answer is $1 Million.?Why??Because the first thing everyone thinks of when they hear the word franchise is fast food.?They pass McDonald’s or Wendy’s over and over, day after day. Opening this type of fast-food franchise is expensive - ranging from $1.5 Million to $3+ Million.?Most fast-food franchisors are looking for well-funded investor groups that can open multiple units.?

Fast food is a large segment of the franchise industry.?Maybe this will surprise you:

?THERE ARE NO FRENCH FRIES OR FAST FOOD ON MY MENU!

I focus on education, healthcare/wellness, residential and B2B services, and pet services.?Notice these are all?need based services that are recession resistant and cannot be done by Amazon.??All are supported by major demographic trends and highly scalable.

Advantages to these need-based service franchises:

Many of the franchise options within these categories can be home based which means no long delays finding a location, no expensive real estate to lease, no build out, no additional utilities costs, no waste or spoilage.

Speed

Ramp up to profitability can be months depending on your personal drive and abilities.?Unlike fast food or businesses that require a physical space, you can be operational in a few months rather than 12-18 months.

Affordable

The all-in investment for these businesses range from under $50,000 up to $200,000.?Is that too expensive to leave your soul sucking job??"Too expensive" is different for different people.?Any business requires a personal investment and financing is often possible with a good credit history. Owning a business with a record of success and well established systems - including ongoing training and support - for $50K - $250K is possible.?You’ll have the opportunity to validate with franchise owners so that you can make smart decisions based on facts and data.

ROI

More positive news.. there is no direct link between the size of the initial investment and the potential earnings of a business.?Put differently, these lower investment businesses can be extremely profitable with a motivated driven owner.

Fulfillment

For many of us, the sense of purpose from helping others by providing a needed service to children, families, and pets enriches our lives as much as our bank accounts. Business owners provide local jobs which strengthen families and communities.

SOMEDAY?IS NOT A REAL DAY

When you’re ready, I provide no-cost, no B.S. guidance.?I taught franchising at Tulane University and became known to my client as “The Franchise Prof” due to my educational approach.?I’m here when you’re ready.?Schedule 15 minutes now. FYI, 93% of those who tell themselves, "I'm gonna do this later", never do. Do it now.

?P.S.

Have you ever wondered about your own business ownership aptitude? You don’t?need to wonder! Here is the link to FranNet’s no cost?Entrepreneur Profile.?You?will receive a 10 page business ownership analysis.

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