The Franchise King®

New Franchise Owner Salaries

 

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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.

Are you comfortable with that?



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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.

Can you afford to not have a salary coming in for a while?
 
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Here’s another thing to think about, and hardly anyone I’ve worked with does:

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. 

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About the Author
The Franchise King®, Joel Libava, is a leading franchise expert, author of "Become a Franchise Owner!" and "The Definitive Guide to Franchise Research." Featured in outlets like The New York Times, CNBC, and Franchise Direct, Joel’s no-nonsense approach as a trusted Franchise Ownership Advisor helps aspiring franchisees make smart, informed decisions in their journey to franchise ownership. He owns and operates this franchise blog.

Note: When you buy through links on this website, we may earn an affiliate commission.
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I'm The Franchise King®, Joel Libava. For 24+ years, I've helped thousands of people avoid bank account emptying mistakes.
If you want to make a smart, informed decision on franchises to own, I can help you, too! Note:
I'm NOT a franchise broker/consultant/coach.
See how I'm different.

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"Your services are first class and helped me select a winning franchise partner. Now that I am ready to sell my business, you provided additional guidance to make sure I get the best price possible. Anyone that is thinking of purchasing a franchise needs to work with Joel. He’s the most knowledgeable person about the franchise industry that I have met. He definitely deserves the title of ‘King.’"

- Frank McLellan, Franchisee in Colorado
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