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Thursday, 27 December 2007 |
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By Kitara R. Wilson
 Owning a business is the ultimate American dream. Being your own boss represents a type of freedom that isn't obtainable with a traditional nine-to-five. But knowing you want to be your own boss isn't enough to change your current reality. You have to know what type of business you can realistically go into. It should make sense for you and your interests, and it should be an affordable investment that won't put you into deep debt.
Most people who toy with the idea of starting a business look to franchises, and for good reason. Franchises are turnkey systems that allow owners to jump right in and follow the formula that has already been laid out. The downside to franchises is that they usually come with hefty price tags. While there are some franchises priced under $10,000, the average franchise in the United States sells from anywhere between $20,000 and $30,000. Big ticket franchises are priced upwards of $100,000, and these figures are just the franchise fee alone. That doesn't include other startup costs including construction and retail space (depending upon what |
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Last Updated ( Thursday, 27 December 2007 )
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