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.
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!