If you had, oh, $100,000 or so in your pocket, where would you invest it?
You might want to skip the buzzy stock pick and look at a food or retail franchise.
You’ll pay a one-time franchising fee (anywhere from $10,000 to $40,000, depending on the sector), foot the bill to set up your location, and pay royalties to the parent company (typically 4-7 percent of your sales). And now you’re the proud owner of a [insert your dream here] store! The parent company gains expanded brand recognition; the entrepreneur gains training and a sense of ownership, if not always independence.
About the author:
Stephan Baldwin received his B.A. from Lock Haven University of Pennsylvania in Interactive Design. He went on to start Traffic Media, a successful online consulting firm specializing in website design and marketing for real estate professionals in South Florida. Looking for a change in scenery, Stephan accepted the position of Marketing Director with Franchise Gator and moved to Atlanta where he currently resides. Stephan brings over 10 years of experience in UI design, SEM, SEO, email & affiliate marketing to Franchise Gator.