When I Was looking to start-up my business I was looking around at many opportunity’s to see what suited me best so I did my research into different franchises and business opportunity’s to suit my budget. What I found in my research shocked me and I wanted to share my experience with you.
I knew I had to invest money and time and I was prepared for that so after a lot of thinking I thought to myself I could maybe get into the Subway Franchise, Well there are loads of them around so they are popular and successful and we didn’t have one in our town of Cobham, Surrey so let me share with you my findings.
Subway Franchise
I spoke to a few people and they sent me the breakdown of the cost on how much it will cost to set a Subway and when I looked at it I nearly choked on my sandwich ( no it wasn’t a subway sandwich ha) I had some savings that I was willing to invest but I wasn’t ready to see what I saw so let me share with you how much I needed to get started.
I needed at least £70,900 to get started and I’m telling you now I did not have that and not even close to it I was thinking to myself how am I going to do this and I knew it would take around three years to see any profit and I wasn’t prepared to get a massive loan out. So my search continued……
What was a passion of mine and it was Fitness as being a personal trainer so I thought let’s get into a gym franchise so again began my research.
So after a bit of research and meetings about starting up a energy fitness club the finance part came up and I was dreading how much it would all be and was hoping it was not as much as the Subway Franchise but again how wrong was I the minimum investment to get started was
£95,000
There was no way I could afford that again so this idea was out the window.
Then a lightbulb moment happened for me and I sat down and went through what I wanted out of life and that was…
- A good Income
- Time Freedom to see friends and family
- No Boss
So these franchises was not going to give me that first of all the investment was well out of my range, I would have to work my butt off giving me no time freedom at all to see friends and family and I would have more stress then it was worth and wouldn’t see profit for at least 3 years it just didn’t match my goals in life so I knew there was only one opportunity for me and that was Start my own home based business.
Home based business opportunity
But where would I start as there was so much hype and BS on the Internet we all know that but there is also some quality opportunity’s. I was sitting down and talking to a friend who started his own Video Production company and I was telling him about my ideas and he gave me one piece of advice that I will never forget and that was ” Find someone who has done it and been successful and work closely with them”
That’s exactly what I did I met up with 2 awesome guys who have been very successful within the industry and starting working with them closely,They helped me get set up and then having ongoing support which is vital and the rest is history.
OK but how much does this cost well I’m telling you now it is no where near £75,000 so I am going to break it down for you in a very simple way
This is an industry that you need to learn so time and investment is needed.
Serious entrepreneur- £1000-£3,000
On a budget- £80 per month
The great thing about the home based business industry is that it can suit people on all different kind of budgets that is why so many people are turning to the Internet. If you are really serious about building a home based business and going on to your way to a six figure income then I am going to be very HONEST I would say you would need to invest between the £1,000 to £3,000 mark this will get you all the training and support you need and more of a fast track way to get your business up and running ( I’m not saying it will happen overnight)
BUT DO NOT FEAR…
If you can not afford that it does not matter as you can start on a budget of just £80 per month to get up and running this will require more work and will take a bit longer to get it all running but people do it this way and go on and make a six figure income and we teach you how to advertise for FREE so you do not need to worry about that. If you are sitting there thinking I cant afford or don’t want to spend £80 per month then I am going to be very honest and would say starting a home based business may not be for you now.
As you can see a home based business is more affordable than a franchise opportunity that’s why so many people are starting them because you can see results within months not years and again it gives you.
- Time freedom to do the things you want to
- your the boss you decide when you want to work
- you decide how much you want to earn the more work you put in the more you will earn.
I wanted to give you an honest view on the franchise side of things and the home based business industry and I have been completely honest I could sit here and say earn £30,000 in your first 30 days and by the way I’m not saying you can not earn £30,000 within a month you sure can but it wont happen in the first month I just don’t want to give you any BS that you see on many websites I want to give you the truth so you know what it takes to run a home based business.