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WheelsRCool
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- Aug 12, 2007
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Re: Questions About Becoming A Successful Franchisor and Also Wealth Creation Through
Yeah, stupid me, I forgot about that, yeah it takes at least a year usually before the store is profitable, oftentimes more. However, I have read of franchises that startup and then start franchising after one to two years, so I'm sure it's possible.
Regardless though, you'd probably just need a loan of some type still, I doubt any heavy venture capital backing.
Franchising really boomed when the internet got popular because the ability for franchisors to market widespread became so much cheaper.
I will do it somehow though! I also have a chain of stores planned too, and longterm-wise, I intend to start a successful airline and hotel chain too
Yeah, stupid me, I forgot about that, yeah it takes at least a year usually before the store is profitable, oftentimes more. However, I have read of franchises that startup and then start franchising after one to two years, so I'm sure it's possible.
Regardless though, you'd probably just need a loan of some type still, I doubt any heavy venture capital backing.
Franchising really boomed when the internet got popular because the ability for franchisors to market widespread became so much cheaper.
I will do it somehow though! I also have a chain of stores planned too, and longterm-wise, I intend to start a successful airline and hotel chain too