Oh yeah lol....
Just go and do it x
Anybody here every operate a franchise?? Need advice.
by diana netherton 12 Replies latest jw friends
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Confucious
Franchises obviously work. Other wise there wouldn't be so many of them out there.
And a lot of people prefer eating at a franchise because they know what they are going to get.
And NORMALLY your going to get a better price than an independent "sub shop" because the franchise is buying products at a bulk cost.
One of the hurdles - besides the start up free - is that it is STILL your business. And like any business - your need a cash reserve.
And some of the franchise require you to prove it.
For example - they might say - you need $100,000 franchise fee to give us, PLUS you have to prove you have $100,000 in liquid assets, cash on hand, etc.
Basically - you have to show you can float slow times, etc.
In short... most franchise owners are in a pretty good financial position in the first place before they even start.
Confucious
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Scott77
Diana,
How about starting a non-profit agency, advising for example, at risk girls from droping out of high school or college? Teaching them financial literature, etc? Most states, foundations and uncle Sam have money for those kind of stuff. How about children with disabilities? An advocacy agency? Case management? You name it.
Scott77