There are many franchise owners who previously worked in the corporate world, trying to build savings and pay for their living expenses while working a 9 to 5. These particular franchise owners started from humble beginnings, working to build up someone else’s dream before deciding to invest in their own dreams by purchasing a franchise. Perhaps you’ve even started to feel as though you’re ready to quit the rat race and invest in your own dreams instead of your bosses. Here are a few signs you should ditch your 9 to 5 and become a franchise owner.
Perhaps you’ve even started to feel as though you’re ready to quit the rat race and invest in your own dreams instead of your bosses. Here are a few signs you should ditch your 9 to 5 and become a franchise owner.
You’re a Natural Born Leader
Have you frequently found yourself slipping into leadership positions in your workplace? Perhaps you know how to manage numerous individuals to perform their required tasks or direct employees in the right direction to get a job completed. Many franchise owners are natural-born leaders who feel passionate about entrepreneurship and leading employees towards workplace success. If you’re one of them, franchise ownership might be right for you.
You Have Funds to Invest
Having the funds to invest in a franchise is critical to franchise ownership. While there are some low-cost franchise opportunities and franchises with financing options, paying for a franchise upfront can be costly and requires initial investment funds. You’ll also need to take into consideration how much a lender is willing to loan you, which requires good credit and limited debts on your end. If you have spent years tucking away some rainy day funds into your savings, you can invest in a franchise that may potentially double in profit within a year.
You Want to Build Your Own Equity
By working a corporate job, you’re constantly paying into the owner of the company’s equity rather than your own. This means that by retirement, you’ve ultimately placed thousands of dollars that could’ve been yours into the owner’s pockets. By investing into a franchise, you can build up your own equity as a franchise owner. Your profits are yours to line your pockets with!
Sell With Atlantic Business Brokerage, Inc.
At Atlantic Business Brokerage, our mission is quite simple; we help sellers sell businesses, and buyers buy businesses! Over the past 30 years, ABBI has facilitated the sale of countless commercial properties, businesses, and franchised locations. With our unparalleled knowledge of the business purchase and sale industry and our network of contacts, we offer services to both buyers and sellers that no other brokerage firm can match. Contact us to discuss your business buying and selling goals today at 410-561-9800 or Toll-Free at 800-279-7569. Email us at [email protected], and follow us online on Facebook and LinkedIn.