We live in a GREAT Country. We have a lot of freedom, including the freedom to start a business whenever we want. And we have a variety of choices about what type of business we want to start.
Have you ever wanted…
• To have time and freedom to attend all your children’s sports events and activities?
• To buy a new car or the home of your dreams?
• To take the vacation of your dreams?
• To get paid what you are worth?
• To FIRE the boss?
Chances are you have wanted to do at least one of those items – if not all! So what options do you have?
You can win the lottery! How much fun would that be? I can see the celebration already. Unfortunately, I can’t see the plan. When will that happen?
You can inherit a large amount of money! Unfortunately that requires death. UGH.
You can save and save until you can have the life you want. How is this plan working for you?
Or, you can start your own business.
I am sure you are thinking, “I can see where this is heading. She’s going to tell my why her business is the best.” Well, it’s true; I DO believe my business is the best. But there are other options and I encourage you to consider them all so that you can find a business that is right for YOU.
You can choose to become involved in a franchised business. After all, these are popular companies and you can choose a wide variety of businesses from the hotel industry to the full service restaurant to the fast food industry. In fact, many are successful businesses. But did you know, according to AllBusiness.com that the average initial investment for a hotel franchise is between 4-6 MILLION? The average initial investment on a full service restaurant is $700,000 to 3.5 million. The average initial investment on a fast food franchise is $250,000 to 1 million. Then there are the franchise fees. But it is an option.
Or you could choose to open your own “brick and mortar” storefront. According to the National Retail Report the average rent for a mid to large sized city is $20.00 - $40.00 per square foot per month. Of course location matters. I know in our local mall to lease (yes a lease is required) a kiosk they wanted $2500 per month Jan. – Oct. and $7000 per month for November and December.
Or you could start a home business. There are literally thousands of home business opportunities. If this is the option for you, take your time to do your homework and understand all the aspects of the business. Are there monthly sales requirements? Is there a consumable product to sell? What does the compensation plan look like? Many compensation plans are very elaborate. Make sure you have a clear understanding of what is expected of you, what requirements must be met, for you to be paid. Can you use the internet as a way to market your products or build your team? What is the initial cost? Is the business willable, allowing you to leave a legacy for those you love? Those are just a few questions you should be considering.
Fortunately, you ARE free to start your own business. It’s a choice you can make and one you will likely find very rewarding.