Why did Jeff Rahn invest in franchises?
It’s promoted as a way to gain independence and build wealth, but entrepreneurs need to know what they are getting into first. To reduce his financial risk, Jeff Rahn invested in the Minneapolis area franchises that provide different essential services.
How long has Dan Gagne been a plumber?
Dan Gagne has been a plumber for three decades, but it has been years since he held a wrench. He has built a plumbing business in the Bay Area that generates $20 million a year in revenue and employs 100 people. The money his empire brings in allows him and his family to pursue other interests.
Why franchising a business?
If you want to start a business and not much aware of the process, franchising helps you to start easily. They will provide you guidance in all aspects. You have to just make sure that you select the right business and right place for business.
What does "wealthy" mean?
The word reference meaning of 'wealthy' is 'having a ton of cash or important belongings'. But, one individual's concept of 'a ton ' will differ fundamentally from someone else's. Even though it's significant that the franchise brings in cash, individual satisfaction matters as well.
What is the easiest option to choose in a game of life?
Failure is the easy option, most choose it by default through ignorance or laziness and then blame the World, for dealing them a bad hand. It is best if you are the dealer and lay out the cards as best you can in the game of life because that way you get an edge and will go far. Good luck.
How much money do you need to open a KFC?
They don’t exactly specify what that £7 mill is for but essentially it will cover equipment, training and likely the building itself. Once your open, you make £100. (The figures are all examples so I have no idea on the exact amount but the idea is sound)
Is a franchise scalable?
Franchises are like any other small business, generally not scalable with loads of barriers to expansion. Most small businesses to be successful require the full time engagement of the owners, and very few generate enough income to pay a qualified and engaged manager and still have enough for the less engaged owner.
Is it better to have a franchise or a non franchise?
You’re better off having a great non-franchise than a bad franchise.
Is it easy to make money outside of hard work?
There is no easy way to making money outside of hard work, franchise or other opportunities. Some people are better off working for someone and other can make it owning their own business.
