09 August 2025

Entrepreneurship

 I think this is going to come down to whether or not I have the risk tolerance to go the road my own and start my own business from the ground up or purchase a franchise.  One of the top ranked franchises for auto repair is sooo expensive.  Not only the initial cost, but they take 50% of your profit and additional percentage of profit for marketing.  On top of that, they estimate the rent for the land and building to be in the 15-20 thousand dollars/month.  How on Earth does the business make money and are there alternative avenues to be just as successful without locking in their monthly costs?

 I had a meeting today with a friend and a veteran in the industry.  It was an interesting conversation.  My friend seems to think a shop can be opened without a franchise with the right people and get to profitability faster.  The industry veteran was knowledgeable and informed about the industry, currently working for another chain of shops in the local market.  He would be an asset to starting a shop from the ground up or going the franchise route.

  

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