I’ve made a decision: I am going to be my own boss. I was affected by retrenchment and decided to take a voluntary retirement package. Now that I have some capital, I am considering going into business. I’ve got everything squared away, except what line of business to go into. I then thought, maybe I could get a franchise? That might be a good option—just pay a franchise fee, attend some seminars or trainings, and let the company take care of equipment and maybe even personnel.
I first asked McDonalds. They said that work was rewarding, both personally and financially, but it would not be easy money. The rewards are guaranteed, but you have to work for it. It’s not an investment where you can sit back and wait for the profits to come in. They just wanted to be realistic, not scare me off. At $300,000 investment and 25% of returns going back to them, I decided it wasn’t for me.
Another franchise potential sounded cool. It promised a rewarding, fun, and challenging work, where I could make new friends. It was writing and selling Treasure Hunts! Allegedly, after more than five years in business, more treasure hunts are needed—which would be sold online and to local retailers and exhibits. The franchise package, however, costs $6,000, but it promised returns of more than five times the investment. Essentially, it was “more work means more money”. But I wasn’t putting my money into that.
The last one—and this is true—is a franchise that offers clean-up services that offers indoor air quality, mold inspection, water damage, etc.; for bars, concert venues, and lounges. It’s called 1800-PUKE-OFF, the yearly subscription costs $2,800. I passed on that one.
I found these business start-ups rather expensive, so I’ll look again somewhere else.
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