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New Franchise Owner Salaries

 

Get PAID

 

You’ve been waiting for this moment. You’ve been dreaming about being your own boss for years. Congratulations!

 

You’re The Boss 

 

Finally, you’re in charge of your own destiny. No more idiotic bosses to deal with. No more corporate games. Office politics; Gone!

 

You’ve made the conscious choice to become a franchise owner!

 

And, you want to make some money. Of course, you did awesome franchise research, so you know that you won’t be getting a paycheck right away.

 

Right?

 

That’s because if you’re looking at becoming the owner of a start-up franchise, (not a franchise business that’s already up and running) here’s the deal;

 

You won’t have a salary coming in during the beginning stages of your new business.

 

Think about it; where would your salary come from? You’ve just invested some of your own money into a brand-new business, got a small business loan to cover the balance of the total franchise costs, and until you open for business, you have no customers. Knowing that up-front, you’ve set aside some money to live on.

 

Before you jump into a non-traditional career, you need to know things like what I’ve just mentioned. That’s if you really want to lower your risk, make money, and own what you do.

 

Here are a few more thing that you need to know, (before you take that checkbook out) that I shared in this post at SBA.gov.

 

I’m out to create a new breed of super-successful franchisees. 

 


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About The Franchise King®

My name is Joel Libava, and I'm the author of Become a Franchise Owner! In addition, I'm a franchise ownership advisor. I teach people how to properly choose, research, and buy franchises.

  • http://www.sunshineconsultingltd.com/ Todd Weiss CFA

    It always takes longer… and costs more.  I think one of the biggest mistakes an owner can make is undercapitalization (not enough money).  There is more than just the start up costs, there’s working capital for the business… and of course… money needed to be set aside to pay yourself.  Well said Joel.

    • http://www.becomeafranchiseowner.biz The Franchise King

      Thanks for popping by, Todd.

      I’m excited to know about your plans for 2012.

      A new franchise?

      JL

      • http://www.sunshineconsultingltd.com/ Todd Weiss CFA

        Thanks Joel.  I am opening up an Ellipse Fitness in Neenah, WI.  We are scheduled to open in two weeks.  Very exciting.  Now I am a franchise broker, franchisor and franchisee!  TW

        • http://www.becomeafranchiseowner.biz The Franchise King

          But, Todd…

          Where are you going to live?

          PS- I feel a guest post coming up for you…

          Joel

          • http://www.sunshineconsultingltd.com/ Todd Weiss CFA

            New York.  I have a partner.  Looking forward to the guest post.  Give me six months.  So far it’s been a very fun and educational experience as I now know exactly what a franchise candidate and owner goes through. TW

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