Originally posted by: Amused
Originally posted by: dmcowen674
Originally posted by: Amused
Most Wendy's and McDonald's are franchises owned by small business men/families who are not rich by any means.
Really? Have you've tried to open one these franchises?
You have nearly a million dollars lying around to do so?
Actually, Dave. I have, and do own a franchise. When I started I was no where near "rich." In fact, for the first 10 years I made under 30K a year. My managers made more than me.
the owner of the company i work for (which is also my stepfather) makes about 34k a year... on paper. but, he still gets the divs, the car, his house and harley are all paid for by cash that comes directly from the corp. his 34k or so a year goes in the bank and pays some bills, yes, but the majority of his living is paid for by corporate monies. if youre not doing the same, you would be the first entrepreneur ive ever seen not do it.
edit:
my family tossed the idea of opening a taco bell in payson (a small town here) that didnt have one yet, and could have done it but they didnt want to commit to the 3 mil in assets that the parent corp wanted. that was 20 years ago, i cringe to think what that commit is now