Most of the franchises are bad business

来源: 2018-10-04 10:24:03 [旧帖] [给我悄悄话] 本文已被阅读:

    It is ok if you just wanna practice, after couple years sell back and start own same business taking their customers.   80% of my franchise customers (Midas, Meineke, Active Green and Ross, NAPA auto pros ) are behind on their payments, among my bankrupcy customers that make me lose 10k here 20k there, most of them are franchise businesses. 

    Otherwise go get degree and find a professional job. 

    If you are not hitting at least 1 million sales , forget about owning own business. 

    I die hard for my current business ( I mean work over 100 hours a week consistantly for 10 years.  After 2009 I never post 1 word in this forum until now because so busy with it. Guess what?  Last year CRA audit, this month ministry of Labor come milking me. )   Winter time lose 20k every month. .... 

    House is 100 times better.