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Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

anyone own/run/work at a franchise?

i have been thinking a lot about opening up a franchise.  i was wondering if anyone hear owns/runs/works at a franchise?  can you tell me about it?  any advice/information would be greatly appreciated!

Re: anyone own/run/work at a franchise?

  • The franchising company usually gets a percentage of your gross every month--they get paid whether you do or not. This is on top of the initial franchise fee.

    No one will care about your business as much as you do, so be prepared to be at work for at least 8-10 hours every single day your business is open.  There will also be work at home--bills, payroll, other accounting tasks.

    Make sure this wouldn't be your only source of income.  Most businesses don't turn a profit for AT LEAST a year.

    You need to draw up a business plan before anything else to see if this is really feasible.  

    image
  • I'm a lurker, I just thought I would throw this out there...

     When I was very young, my Dad owned a franchise.  I just remembering him being very stressed all the time, and working a ton. I also remembering my Mom and him fighting a lot from it.  In the end, it was just too much and the restaraunt closed.

     ~ I'm not trying to deter you from what you want to do, just telling you what I saw of the franchise world. 

     

    ~*Married my best friend on October 2, 2010*~ BabyFetus Ticker
  • I've never worked or owned a franchise but Under30CEO.com has an article today that you might find interesting - Top 21 Franchises for Young Entrepreneurs:

     http://under30ceo.com/top-21-franchises-for-young-entrepreneurs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Under30CEOAll+(Under30CEO) 

  • thanks everyone!

     

     

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