Let's take a look at
some of your options for starting your own business:
Option
- 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 BARRIERS
TO ENTRY. You will need to make a large upfront cash investment
(average start-up cost between supplies, location, etc - can fall
between $400,000 to $1 million), and in the end, what you are
really buying yourself is 90-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.
Option
- MLM: Multi-level marketing is a viable
option for many with few barriers to entry, 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 percentage of people
who actually do make money from MLM, you will still find that
the timeframe to achieve results could be 1-3 years or more. In
addition, MLM carries a poor reputation which makes it even harder
to succeed.