At the 2012 DNC, the Democrats said the US economy is doing well, so should you start a franchise?




Well, we hear it on all the news channels, the economy is good, everything is recovering very well and everything will be fine from here on out. He heard it from the president himself and also from another former president, and he knows that we can trust politicians: they know what’s best for us, right? Hell yeah, but don’t take my word for it, just ask them, they’ll tell you.

Now if you are skeptical as most corporate and small business people seem to be, along with the 20+ million unemployed, you should stop and consider if you really want to start a new business right now or buy a franchise. Here’s an idea, instead of signing a lease and committing to a lot of money for a building, a franchise fee and the rest, maybe a low overhead mobile type business might be a better way to go. play it.

This way, if the Democrats are right, you’ll be fine, but if they’re wrong, you could still try, see? There was an interesting article in USA Today on September 8, 2012 in the Franchising Today section titled; Mobile Franchises Reaching New Customers by Kelly Horn. Mobile franchises are not only better for finding your customers and your specific niche, but they are also slightly less expensive, because you can run a mobile franchise from your own home. This saves operating costs, plus you can get most of these franchises for less than $100,000.

As a former mobile car wash truck franchisor, I can tell you that it is much less expensive to install a few mobile car wash trucks than it is to buy $500,000 property, $250,000 worth of equipment, and put up a $350,000 building. Start adding up the franchise fee, start-up costs, and cash flow until you start making money, and you’re easily at $1 million. Not that many people have a million dollars to spend on a new franchise, and even if they did, I’m not sure I’d risk the economy right now and commit for that kind of money with all the unknowns.

Is this a sales pitch to buy a mobile franchise you ask? No, I’m retired now, but this has been my observation in the franchise industry for the 27 years I’ve been in the mobile auto service business. Please consider all this and think about it.

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