{"id":770,"date":"2010-10-04T08:01:08","date_gmt":"2010-10-04T08:01:08","guid":{"rendered":"https:\/\/expandsmtest.com\/franchiseking\/popular-reasons-for-buying-a-franchise-part-4\/"},"modified":"2021-11-30T20:34:33","modified_gmt":"2021-12-01T01:34:33","slug":"popular-reasons-for-buying-a-franchise-part-4","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/popular-reasons-for-buying-a-franchise-part-4","title":{"rendered":"Popular Reasons For Buying a Franchise (Part 4)"},"content":{"rendered":"

In Part 3<\/strong> of this franchise series, I said that “control<\/em>” was a really popular reason for people to want to consider buying a franchise<\/strong>. I stated that “you certainly don’t have much control when you’re working for someone else<\/em>.” How true. Investing in a franchise business opportunity<\/strong> changes that.<\/p>\n

If you missed Part 3<\/strong>, please read it now<\/strong><\/a>, and stop back.<\/p>\n

Now, I’d like to discuss yet another popular reason for buying a franchise. This time, we’re going to talk about money. Lots of money<\/span><\/strong>…<\/p>\n

<\/p>\n


\nAre would-be franchise owners hoping to make lots of money?<\/strong><\/p>\n

Yes and no.<\/p>\n

According to my calculations, (I’m not a math<\/em> King<\/strong><\/span>) most of the folks that I’ve advised for the past 10 years have told me that they’d, “like to replace their income<\/em>.” (At least.<\/em>)<\/p>\n

I’ve found that a very small percentage expect <\/em>to make huge amounts of money.<\/p>\n


\nCheck this out<\/span><\/strong><\/p>\n

Interestingly enough, most of the folks that I’ve worked with don’t even want<\/em> to make lots of money<\/strong>! Are you surprised?<\/p>\n

Now, I’m not saying that these folks don’t tell me things like, “Joel, of course I’d be fine making a lot of money<\/em>.” or, “I’m certainly not going to turn down $200,000 a year in profits from my franchise business<\/em>.” What I am<\/em> saying, is that making huge<\/em> amounts of money as a franchisee isn’t<\/span> top of mind for almost everyone I’ve ever worked with.<\/strong><\/p>\n

Because I’ve been helping prospective franchise owners for so long now, the reasons for this are pretty easy for me to figure out; they’re moving away from the mostly dead “climb the corporate ladder with us, and you’ll be handsomely rewarded<\/em>” promise of long ago. That’s because the following sentence has been added to that promise; “But, we don’t really care how good you are anymore, because when our bottom line gets cut, you do too-we downsize everybody we have too<\/em>.”<\/p>\n

In other words, as most of us know only too well, there’s really no such thing as loyalty anymore<\/strong>, from your boss, your bosses boss, and so forth.<\/p>\n

Have you ever been downsized?<\/strong> Check out this<\/em> downsized worker<\/a><\/strong>.<\/p>\n


\nAre you telling me to forget making money?<\/span><\/strong><\/p>\n

Not at all. What I am<\/em> saying is that in my experience<\/strong>, making lots of money in a franchise business hasn’t been a huge priority for a large percentage of the folks that I’ve worked with.<\/p>\n

I never said that these folks don’t<\/em> want to make money. It’s just that other things seem<\/em> to be more important. Things like what I mentioned in Part 1<\/a><\/strong> of this series. In Part 2<\/a><\/strong>. And yes, in Part <\/a>3<\/a><\/strong>.<\/p>\n

????????<\/strong>
\nLet me pose this question<\/em> to you; does geography matter when it comes to the importance of making money?<\/strong><\/p>\n

For example, do folks from let’s say, San Diego<\/strong>, or Palm Springs, California<\/strong>, put more emphasis on wanting to make a ton of money as a franchise\/small business owner, than say someone from the Midwest, with those supposed “Midwest Values<\/em>”<\/p>\n

\"Lamborghini\"<\/p>\n

I mean, one does<\/em> have to make more money to live comfortably in California<\/strong> than they do in Dubuque<\/strong>, Iowa<\/strong>, right?<\/p>\n

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

I don’t mean to upset any of my West Coast friends<\/a><\/strong>. I’m just sayin.<\/p>\n

So, Franchise King<\/span><\/strong>\u00ae, How much can I make?<\/p>\n

Is a Green Franchise<\/strong><\/a> For You?<\/p>\n

Here’s an answer you’ll love<\/em>; it depends.<\/strong><\/p>\n


\n<\/strong><\/p>\n