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Episode 155: In response to listener questions, here are my thoughts on buying a franchise.
- Does the franchise have a good business model? [Something you couldn’t duplicate on your own and worth the 5%+ yearly royalty that you’ll pay them?]
- Can you sustain yourself until the business produces a livable income? [Need large capital reserves and/or spouse with income & medical benefits.] [Also, consider buying an existing franchise that is producing a verifiable profit rather than a startup.]
- Does it fit your personality? [Retired military and mid-level corporate executives do well.]
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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
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Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
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