To purchase a franchise or not to purchase a franchise. That is the question. If you have done any significant research on purchasing a franchise you most certainly have realized that the ones that almost guarantee success are the companies where you will have a high 6-figure to even 7-figure investment/outlay. There are several other options, but most viable franchises that have an honest chance of succeeding still will require a minimum of $50k as a franchise fee and capital available to start. If you don't have the proper financial statements it can be a daunting task to even come close to purchasing a franchise.
Where do you go when you truly want your own business but a start up from scratch seems too risky and you don't have the $50k-$1 mil. needed to buy a franchise? This is the million dollar question.
The options for starting your own business are almost as endless as the grains of sand in the Sahara. There are some criteria that a person should follow when evaluating any business, but especially one that can be started part-time and operated from anywhere in the world. Here are what many experts feel are the important factors to look for.
Quick return on investment. High profit margins on product/service provided Minimal investment compared with most franchises Can be operated anywhere in the world Does not require employees Provides substantial tax benefits Has cutting edge/highly expanding products positioned in front of a major trend.
If you are sick and tired of looking at multi-level-marketing business or network marketing then you owe it to yourself to search for a business that meets the above criteria. Don't purchase a franchise until you realize that most people end up buying themselves an 80+ hour per week job. I encourage you to evaluate and investigate any business that fits most or all of the above and get yourself out of the rat race you are in now!
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