How does a high street entrepeneur work?
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I have known a few people who run their own stores or small restaurants. They not that ambitious but work all the time, non stop, 15 hrs a day. Nor do they have any plans to expand their business.
But how does an entrepeneur go from one outlet to many? How do they keep an eye on the proceeds and where does the investment come from?
I assume they take out a commercial loan, run the business until its profitable, hire a manager and move onto the next outlet where the do the same thing. So if the first outlet is making $40,000 net profit, do they take a cut of say $10,000 as their salary, pay off some of the commercial loan and then reinvest the remaining capital into setting up a new outlet with the remaining capital funded by a financial company. Is large amounts of debt a big problem for burdening entrepeneurs.
I suppose if they have 10 outlets and take home $10,000 for each one, $100,000 a year is not a bad little earner.
How does a high street entrepeneur work?THAT IS EXACTLY HOW THEY DO IT . VERY ASTUTE YOUNG MAN .
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