starting a business?

[LivingAlmostLarge]

Do you make a lot with the franchise? Or is a lot of the profit going back to the business?

[tripods68]

Do you make a lot with the franchise? Or is a lot of the profit going back to the business?

I don't know the answer to that. The best way is to interview owner(s) of your local Chevron or Arco gas station when you fill your car next time.

This is reminds me a friend of mine whom I used to workout in the gym with many years ago. He owned 3-4 Togo sandwich shops and couple of Chevron gas station around Sacramento area. I remember him saying its about the location location location. Corner shops on busy intersection.

You also have to own several 3 or 4 shops to make immediate profits because of the heavy capital requirement in entering the business. One franchise may take you 3-5 years to reach break-even point. But that will depends on the type of franchise you want to enter. A McDonald franchise requires over 1 million bucks capital requirement last time i checked. With today's economy, McDonal may have the faster breakeven point in the industry since their profit is up this year. But i could be wrong.

[lebaggblu]

The costs to start up an IT business today are by far the lowest they have ever been. One thing that seems to be holding back many people is the looming economic outlook in the united states. I guess the trick would be finding a way to view this as an advantage.

As large corporations begin to layoff people, they will need to outsource many jobs to contractors. This is where you could come in reptile. The real trick I think would be networking yourself as someone that provides valuable information. The best way to start up a business is by being known as a go to guy in your industry or niche. If you can market yourself, you can start a business.

Hope this helps, good luck in your endeavors.