{"id":7064,"date":"2021-01-17T16:16:00","date_gmt":"2021-01-17T21:16:00","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=7064"},"modified":"2024-12-02T12:02:22","modified_gmt":"2024-12-02T17:02:22","slug":"buying-a-six-figure-job","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/buying-a-six-figure-job","title":{"rendered":"Can Buying A Six Figure Job Keep The Monkey Off Your Back?"},"content":{"rendered":"


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\n<\/a>
\nIn this post, I’m going discuss whether or not it makes sense for you to buy a job<\/strong>. But first, I need to explain what I mean about “buying a job<\/em>“…and if you can even do it.<\/p>\n

Buy A Job Definition<\/h2>\n

The definition of buying a job<\/a> is as follows:<\/p>\n

To invest money, upfront, in order to secure a position of employment. To buy a business in which you<\/strong> are the person doing the work-but it’s a business instead of a job that has an employer.<\/em><\/span><\/p>\n

Is It Okay To Buy A Job Like This?<\/h2>\n

If you could parlay a $10,000 investment<\/strong> into a $100,000 a year job-or more<\/strong>, would you do it?<\/p>\n

Of course you would. Or you “probably<\/em>” would, right? Who wouldn’t want a six-figure job in this day and age<\/strong><\/a>?<\/p>\n

Read on to find out how you can do it.<\/p>\n

Buying A Six-Figure Job<\/h2>\n

There’s one opportunity that I know of that gives people a real chance to earn six-figures. It’s actually a franchise opportunity. And you’re probably familiar with the company. Let’s see.<\/p>\n

\"\"<\/a><\/p>\n

It’s Chick fil A. Let’s talk about it.<\/p>\n

In a nutshell, if you’re interested in becoming the owner of a Chik fil A franchise, and you end up being one of the winners in the Chick fil A franchise lottery<\/a>, you could<\/em> end up making $100,000 a year-or more as a Chick fil A operator.<\/strong><\/p>\n

If<\/h2>\n

I say if<\/em>, because you have to be considered very, very special to get approved for one of their fast food franchises. So, are you?<\/p>\n

Dan Cathy, who’s rules his Chick fil A franchise<\/strong><\/a> empire with an iron fist<\/del> bible, is always on the hunt for a few good men. (I have no idea if there are any <\/em>female franchisees. That’s not a slam on Chick fil A (yet). I really don’t know if there are<\/strong> any women operators<\/em>.)<\/p>\n

That said, if you are<\/em> interested in becoming the owner of a Chick fil A restaurant, know this; you’ll be vetted as thoroughly as a Presidential candidate<\/strong><\/em>.<\/p>\n

To be sure, Chick fil A’s background check includes the usual things like looking into your employment history and your credit rating<\/a><\/strong>. Every franchisor does a background check that includes those things before they award franchises. But, most of them don’t ask you to provide information like this:<\/p>\n

The team at Chick fil A headquarters will ask you to disclose marital status, number of dependents and involvement in your local community. This involvement will include questions about the civic, social, and professional organizations you belong to….including your involvement in church<\/strong><\/em>. Say what? I assume they have top-shelf lawyers.<\/p>\n

That said, let’s get back to you potentially making $100,000 a year.<\/p>\n

Is It Okay To Buy A Job? Let’s Find Out<\/h2>\n

\"can<\/a><\/p>\n

If you’re willing to lay it all on the line, (and I’m not referring to the measly little $10,000 franchise fee<\/em>) you could<\/em> end up making $100,000 a year. That’s good money.<\/p>\n

Notice I wrote that you “could<\/em>” make $100,000 a year as a Chick fil A franchisee<\/del> operator. I did that because I don’t happen to have a copy of a Chick fil A operators paycheck.<\/p>\n

Instead, I’m basing that on just about every article I’ve personally read about their franchise model. (I don’t have their Franchise Disclosure Document, either<\/em>) That said, it’s not an earnings claim I’m making. It’s just information that can be easily found<\/strong><\/a> online.<\/p>\n

Furthermore, if you called any competent finance professional, and asked her if it would be a smart decision to invest $10,000 in a franchise business that has a lot of truthful earnings information about making six-figures as an operator-I’d wager that you’d get the green light.<\/p>\n

Important!<\/strong><\/p>\n

You need to know that the $10,000 investment it takes to become a CFA operator isn’t a passive one.<\/p>\n

That is to say that if you do<\/em> become a franchise owner<\/strong><\/a> of a Chick fil A fast food franchise, you’ll be working your tail off. And, you’ll have to be an active operator, as<\/em> no part-time ownership is permitted<\/em>.<\/p>\n

Still interested? Better read this first<\/strong><\/a>.<\/p>\n

Should You Buy A Job In Times Like These?<\/h2>\n

The pandemic<\/strong><\/a>, and the economic downturn taking place because of it, has changed everything. Especially for today\u2019s current and prospective job seekers.<\/p>\n

A good example of this is my prediction of the way in which the idea of \u201cbuying a job<\/em>\u201d will start to be looked at in the weeks and months ahead. Let me explain.<\/p>\n

Keith Gallmeyer: A Downsized V.P.<\/h2>\n

About 6 months ago, Keith Gallmeyer lost his job as the V.P. of Marketing for a medium size tire manufacturer located near Louisville, Kentucky. Why?<\/p>\n

In Keith’s case, because people are driving less<\/a>, the passenger tire segment of the tire industry is in a world of hurt. That has forced the company to downsize their workforce. Unfortunately, Keith was included in that downsizing. Here’s what he did.<\/p>\n

A Nice Perk And Those Darn Job Boards<\/h2>\n

Since his company offered 3 months of outplacement<\/strong><\/a>, Keith decided to take advantage (in a positive way<\/em>) of this well-deserved perk, so he faithfully visited the outplacement firm\u2019s office twice a week. While there, he:<\/p>\n