With several of my friends investing in franchises, I’ve begun to wonder whether or not it’s something I should do for myself. I’m not much of a business manager to be honest and I can’t imagine myself wanting to try and manage a business like that. It would take a lot of effort, not to mention the time and financial investment that’s involved. There’s simply too much risk when you’re investing in anything that has a complete chance of failure. It’s not always going to end in failure but it’s incredibly important to understand what you’re going to be getting yourself into.
Some of those same friends have gone on to make quite a bit of money but on the other hand, a couple of them have lost nearly everything and have had to work incredibly hard to get back to a place where they can live comfortably again. I’m not a fan of risk. I completely understand that sometimes in order to get ahead you’re going to have to do what it takes which means taking those same risks. Continue reading