Joel LibavaSo you want to invest in a business of your own. You say you want something that can be big…..
Once or twice a year, I get to meet with some future entrepreneurs who want to invest in a franchise that can help them create something substantial. By substantial, I am referring to an opportunity to build an empire for themselves. This is a rare bird. Most of the folks I try to help find opportunities for just want to replace their income eventually, and regain control in their lives. They don't want to be constantly second guessed by their superiors, nor do they want to build wealth for others, anymore.
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But the person that looks me in the eye and says, "I want to build something substantial. I want to involve my kids. I want something that I can control. I want to have equity." For that future entrepreneur, I have access to some dynamic opportunities in the world franchising.
The Master Franchise model. Recently, someone asked what a Master Franchise is over at AskJim.Biz…
Here is the definition of a Master Franchise:
An opportunity to purchase an entire area, to control it geographically, and to expand the brand by selling sub-franchises to others. The Master Franchise holder receives 50% of the upfront franchise fee and 50% of the ongoing royalty stream. {In my years of experience, I have seen the 50% number as the standard split between the parent franchise company, and the Master Franchise Holder}
Could this be the way to build an empire?
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