Buying a business or a franchise?
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does it work like this
you see a business for sale for 100 000 dollars
you look at the finachal records and see that they are on a rise
so you get a loan from the back for 90 000 dollars and put down 10 000
then you pay EX 500 bucks a month on the lease or mortgage THEN you keep the rest of the proffit for your self and bills
is that how it works?
Buying a business or a franchise?It would be nice if business was that simple. Before purchasing a business, the buyer must be sure he has the knowledge to operate it properly, or the employees and managers who will stay on with him to keep it going. You are assuming there is a profit every month. What if there is a loss? The owner must have reserves that can fill the gap if need be.
Buying a business or a franchise?A good way to learn about business is to start a home business network marketing. With a franchise, you are buying yourself a job. There are more rules than you can imagine, and you cannot expect a profit for a very long time.
With network marketing, I started earning a profit my first month, and my business has continued to grow each and every month. I still can't believe the amount of money you can earn from home, provided you treat it like a million dollar business.
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