Cheap Used Cars » business option http://colorfulmoney.com Info and News on Used Cars, Automotive Industry, Price Guide and Loans Mon, 30 Jan 2012 10:40:59 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 To Buy a Franchise or Not—That is the Question http://colorfulmoney.com/to-buy-a-franchise-or-not%e2%80%94that-is-the-question/ http://colorfulmoney.com/to-buy-a-franchise-or-not%e2%80%94that-is-the-question/#comments Fri, 30 Oct 2009 21:12:32 +0000 davidguide http://colorfulmoney.com/to-buy-a-franchise-or-not%e2%80%94that-is-the-question/ One of the great dreams and aspirations of many people is to own their own business. A popular business model for the past few decades has been the franchise. Leveraging the brand and product, an entrepreneur can become a business owner with some definite advantages. However there are certain disadvantages that we will note and compare with an option.

 

The amount of investment in money, time and effort needed to bring most traditional types businesses to the point of profitability is staggering. This fact alone may suggest a reason to compare.

 

Our comparison will be between a franchise business and an internet business. An analysis of any type of “brick and mortar” business would be the same in principle.

 

The Franchise Investment and Potential:

 

  • $250,000 + minimum investment.
  • Average 5yrs. until profitable.
  • 16 hour workday for owner.
  • $40,000 year salary for owner.
  • Young, temporary, unstable workforce.
  • Inventory investment and management.
  • Expensive lease/rent contracts.
  • Insurance, licenses, permits, etc.
  • Taxes: varied and expensive.
  • Limited freedom as owner.

 

The Internet Business Investment and Potential:

 

  • $2,500-$25,000 investment.
  • 15 days until profitable.
  • High profit/low overhead.
  • 3 hour workdays as the owner.
  • $250,000+ potential as the owner.
  • Employees: none
  • Inventory: none
  • Lease/rent: none
  • Insurance: none
  • Taxes: relatively few and inexpensive.
  • Freedom: work from home or anywhere at any time.

 

 

The figures presented here are used for the purpose of relative comparison only. The validity of this comparison is dependent upon the characteristics of certain specific online business models only.

 

The idea is to present a comparison for the purpose of introducing an internet based business option to those who may be considering a franchise or some other more traditional type of business.

 

If the spirit of the entrepreneur dwells in you, do you’re due diligence and follow your dreams.

My name is Gerrald Hendrix (Jerry). I am an internet entrepreneur
marketing wealth creation, education and management products and
services. I am one of a team of marketers teaching others how to be
successful in challenging times.For more information about me and
what I do, please visit my blog: GerraldHendrixBlog

Article Source:http://www.articlesbase.com/franchise-articles/to-buy-a-franchise-or-notthat-is-the-question-1398139.html

]]> http://colorfulmoney.com/to-buy-a-franchise-or-not%e2%80%94that-is-the-question/feed/ 0