Thread: Are You Driving a Fastlane ... or Riding It?

The business I'm currently in is just a wave to ride- a fun one- but a wave. It's not my passion, but it makes money

MJ please don't take this as me trying to challenge you I am simply curious for anyones response.

So is franchising really not fastlane at all? Is there anyway you can make franchises fastlane because I know plenty of people that make good money through them. I even know someone (not personally) who owns exxon mobil, 7-eleven, BP and Shell stations who makes big money. You can google him his name is Sammy ElJamal and I think he owns over 250 locations now and is still only 30ish. Which makes something fastlane, making big money or working under no one? I assume working for yourself isn't fastlane if you aren't making big money, but what about someone like ElJamal who earns millions a year yet doesn't work for himself?

Originally Posted by MCD

So is franchising really not fastlane at all?

Awesome question!

It depends on the franchise ... you mentioned BP, Shell, and 7-Eleven -- all of these have BUILT-IN DEMAND. Same goes for other high profile franchises ... like McDonalds. So to answer your question, YES, some Franchises can be Fastlane (even with the Control violation) simply because of the BRAND behind the franchise. You can throw a McDonalds on any corner and I can guarantee you it will be profitable..

Unfortunately, any franchise worth buying typically has a 6-figure startup investment along with other huge net-worth requirements. . . in other words, you can't walk into McDonalds corporate and request a franchise.

Put it this way ... the stronger the brand of the franchise, the more Fastlane it is because the barriers to ENTRY are stronger, and in many cases, reserved for those already with substantial net worth.