By “small franchises” I mean things like a cleaning company franchise, a cruise planner, or a tutoring service. Nothing big like a McDonalds, Dunkin’, or Taco Bell.
It’s entirely possible, but there are variables to consider. The type of franchise, location, and your own management skills will all contribute to your success. Much will also depend on your definition of “rich.” Are you thinking millionaire status, or simply a comfortable living? While small franchises might not have the earning potential of a McDonald’s, they also don’t come with the same overhead and startup costs. Plus, multiple small franchises can definitely generate a healthy income when managed properly. Let’s discuss specific franchises or strategies if you’re interested!
Can you MARKET any of this thoughtfully?
What have you thought, and understood about them?
No one cares that you have a BizNezz, until you can demonstrate that you understand our problems intimately, and that we should trust YOU more than the-next-guy who has Constancy.
What does it DO, and who needs it?
You need to be able to dedicate all your time on at least one and go from there. Yes, you can be financially successful.
You can become rich when you develop some tolerance for reality. So let us get on with that.
What Is the Real Survival Rate of Franchised Businesses? What a reasonably bright eighth-grader could apply homework skills and find. But when is there ever an eighth-grade student around when you need them?
You have been institutionalized for an embarrassing number of years, K-12 at taxpayer expense. Please don’t make the nice taxpayers cry.
Yes.
Business is all about having great relationships with people & being open to opportunities & Resources.
Bottom Line: The more hands you shake-the more money you make.
Hope this helps.
Best to you