How many millionaires can you think of? Of those, how many of them have owned and built their own business to become a millionaire? The book The Millionaire Mind by Thomas J. Stanley reports that 2/3 of all millionaires are business owners. Why is that? The simple answer is that businesses have two equity streams. You earn a living with a business just like you do with a job, but you also build equity.
If you have ever looked into purchasing an existing business that is for sale, you will find that it is much more expensive than starting a business from scratch. In fact, one of the franchises that we work with costs around $50,000 to get up and running. By the fifth year in business the average Franchisee is grossing over $600,000 and many of them have hit the million dollar mark. When a Franchisee goes to sell that business, they can charge between half to two times the gross sales. That works out to be $300,000 in the worst case scenario and $1.2 million in the best case, assuming you only make $600,000 per year. That is up to 24 times your original investment, and remember while you were working on your business and building equity, you were also taking a salary. Show me a stock that can give you that kind of return!
There is risk in business just as there is in any other investment. When you consider franchising with the RIGHT franchise system, your risk is dramatically reduced. You will start with the end in mind, and think about what kind of return on your investment you want.
Franchising isn't a magic pill, but with the right research, hard work and dedication to your system, a positive ROI on your business is absolutely within your reach!
There are a few difficult things in this world that we all experience, regardless of country and culture. These are wars, pandemics, and economic hardships. And though these make for tough times - throughout history, we have overcome them each time. As the economy starts to slow - both here in the US and globally, […]
As a Franchise Broker, you have candidates from all walks of life. Your job is to understand their particular background, interests, financials, and goals. During this assessment, it becomes evident that while candidates’ interests vary, they universally seek proven, successful business models. This insight leads us to explore the distinct advantages of B2B franchising over […]
In corporate America, many high-achieving professionals find themselves at a crossroads, questioning the trajectory of their careers and the impact of their work. Does this resonate with you? If YES, you may often wonder if the professional ladder you're climbing is leaning against the right wall, potentially overlooking your deeper desires for fulfillment and impact—elements […]
