Four Reasons Not to Buy a Franchise | FranFinders

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Over the years of working with people who are looking into buying in franchises, we have heard a lot of reasons why people want to start a business. Some of those reasons are practical and well thought out; others are a little short-sighted. Here are some reasons why you shouldn’t buy a franchise. To get rich quick. Recheck your motives, there are no “get rich quick” plays. To not have to work any longer. You will work harder in your own business than a job, really. To immediately replace lost income/wages. While the purpose of any business is to generate income, don’t expect immediate cash flow. To fill your time. If you need to fill the void with something productive, try gardening. Owning and running a business needs full-time commitment. When you are considering buying a franchise, consider your reasons. Make sure you have thought through your motives. You will have the best outcome by knowing your reason for being in business. If you need help understanding more about franchises, give me a call or go to my site: http://www.FranFinders.com.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.