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MJ DeMarco
I followed the science; all I found was money.
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Damn, those McDonald numbers are insane... insanely bad. In the best case scenario as an absent owner, I wouldn't work at McDonalds one day a week for 150K.
As I've advised for over a decade, the only feasible option in franchising (majority of the time) is to be the one selling the franchise, not buying them. When you buy a franchise, you're essentially buying a job with greater risks than a regular job, and many times, not getting an EV benefit of potential bigger returns. (Most franchises are local operation with scale limitations).
The best case scenario becomes a well-paying job with an illusion of "being your own boss".
However as others mentioned, I do see it as a viable deployment of idle cash, as in the "I'm a retired athlete and need to do something with it" strategy.
As I've advised for over a decade, the only feasible option in franchising (majority of the time) is to be the one selling the franchise, not buying them. When you buy a franchise, you're essentially buying a job with greater risks than a regular job, and many times, not getting an EV benefit of potential bigger returns. (Most franchises are local operation with scale limitations).
The best case scenario becomes a well-paying job with an illusion of "being your own boss".
However as others mentioned, I do see it as a viable deployment of idle cash, as in the "I'm a retired athlete and need to do something with it" strategy.
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