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.
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.
Are you comfortable with that?
A gentle tip from The Franchise King®:
Do not buy a franchise until you know EXACTLY how to do thorough research.
Learn how here
New Franchise Owner Salaries
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.
Are you prepared psychologically? Will you be able to handle working 60-hour weeks making no money? (For a while)
Please read that sentence again; it’s an important one.
It’s easy to “say” you can do this…work really, really, hard with not much to show for it. It’s another thing to live it. To do it.
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 focused on creating a new breed of super-successful franchisees.