There are hundreds of different businesses you can consider starting, and each has its own set of pros and cons. The biggest roadblock to starting or buying a business is that they require a considerable up-front cash investment. In addition to the large investment, the time commitment you must make when starting a business can ultimately turn out to be far greater than what you have experienced in any job, and the return is not necessarily worth the extra time or the financial risk.
Let’s take a look at some of your options for starting your own business:
Option 1- Buying a Franchise:
- You could buy a franchise such as McDonalds, Burger King, Wendy’s, Subway, or Dominos Pizza, but you may find they have many beginning obstacles. You will need to make a large upfront cash investment (average start-up cost between supplies, location, and so forth – can fall anywhere between $500,000 to $1 million), and in the end, what you are really buying yourself is 80-hour-a-week job. You are going to be stuck in one location all the time, and you will have to be there everyday to oversee the operation. You are not going to increase your time freedom. With a franchise, you are also going to be required to pay royalty fees for the life of your business. These fees are in addition to all of your operating expenses, and in many cases, they can prevent you from being profitable.
Option 2- Traditional Business:
- In almost every case, if you buy yourself a traditional business, you are doing nothing more than buying yourself a job… only with more headaches. You assume all responsibility, and you must be there all the time to make sure that everything is running properly. There are numerous costs associated with operating a traditional business including inventory, rent, and of course, personnel. Administrative tasks take up a tremendous amount of time. The success of your business can be highly dependent on the state of economy, and you are also bound to one location. Long hours trapped in one location do not give you the freedom to spend more time with your family and friends or be able to take vacations, travel, and live a life of comfort and privilege. Costs are also another obstacle to cross. There are so many limitations. I did this myself, and have first hand experience on this type of opportunity.
Option 3- MLM:
- Multi-level marketing is a viable option for many with few start-up obstacles, but the chances are very slim of you actually achieving your goals of changing your financial situation and having time freedom to do the things that you want to do. If you are one of the small percentages of people who actually do make money from MLM, you will still find that the timeframe to achieve results could be 2-4 years or more. In addition, MLM’s carry poor reputations, which make it even harder to succeed. Stocking inventory, bugging friends and family, meeting quotas, gaining small commissions, worrying about breakouts (individuals who show more success than you, taking your profits), and so many other negatives come with this type of territory. NO THANKS!
However, there is ANOTHER option!
- Learn to take advantage of what countless others are doing to achieve financial success by working from the comfort of their home, or car, or beach, or wherever you want to work from.
- Take control of your financial future
- Change your life and your lifestyle starting this week!
- Enjoy a lifestyle of your choice.
- Stand on the shoulders of giants to see further than you ever have before.
- Have everyone wondering how you “did itâ€!
David Allred is the author and creator of CFW. David has been teaching entrepreneur minded people how to earn a full time income working from the comfort of home for nearly a decade.
Think about it. Never miss your kids’ events, set your own schedule, choose your own income and enjoy a lifestyle and income which most people only drool over!
Be sure to connect with David Allred on Google+, Facebook and everywhere else!
