Financial Freedom: Could Opening a Franchise Be Your Path To Abundance and Prosperity?
“The nice thing was that I had a built-in mentor,” she said. “When I got scared or I didn’t know what to do next, I had somewhere to turn.”
Robin found that franchises offer some distinct advantages as an investment option.
- Unlike other start-up businesses, which have a failure rate of 80% in 2 years, franchises have a 95% success rate. They have a proven track record, and are specific about how their business should be conducted.
- Also unlike other start-up businesses, once a franchise is open and advertised properly, the cash flow usually begins pretty quickly.
- The average franchise owner makes $40,000 – 120,000 per year.
- If you buy multiple franchises and hire good managers, you can establish multiple streams of income.
Like Robin, If you buy a franchise, you can avoid the learning curve and begin making income almost immediately. But there are some significant costs and disadvantages to franchise ownership, as you will see in the next blog.
As you make your investment decisions, I’d like to help you sort through all of the information. Success in 5 Minutes a Day will lead you to the wealth that you’ve never thought possible. Join the affordable program Success in 5 Minutes a Day and learn how you can put leveraging to use.