Franchising Opportunities And Risks
Every year, like clockwork, books and magazines will publish their franchise rankings. We've all seen the listings. And like Spring follows Winter, the franchisors who make these rankings will tout their position and reprint the articles that called them the best franchise in their category. Case closed. Stop your research and fill out the application. Of course, if there truly were a single best franchise, everyone would buy it to the exclusion of all others. But no test, no matter how well constructed, can provide you an answer to the single most important question: "What is the best franchise for me?" That's because even the best rating system leaves you out of the equation. Several things must go into your personal buying decision. How do you feel about what you will be doing? Does it seem like fun? Do you think you would be good at it? Can you see yourself doing this for the next ten to twenty years? Beyond the lifestyle aspects of a franchise, however, most of us look at franchise ownership as a means to achieving our financial goals. Ultimately, when we make any investment, the two most important factors are risk and return. But unlike other investment opportunities, the franchise investment is among the most difficult to assess in terms of both risk and return. Everyone wants a low risk franchise that offers high returns.
But there is no such animal. The key lies in finding the franchise that offers the highest return for the amount of risk that you are willing to take. Complicating matters is the fact that most buying decisions are emotional. Did you purchase your last home after researching neighborhood price appreciation, construction materials, and energy efficiency? Or did you start with some general criteria (schools, neighborhood, and costs) and look for that house you fell in love with? How about your last car? Were fuel efficiency, insurance rates, and safety your only concerns? The problem is that we will often let these emotions influence our rational thought. After all, that new Corvette does get fairly good mileage for a sports car... The purchase of a franchise is probably the biggest financial decision you will ever make, and perhaps the most emotional. Not only are you going to invest your life's savings, but you may well live in that business for the next twenty years. And unlike the purchase of a car or a house, the purchase of a franchise is a decision that can be extremely difficult to un-make. Yet, a franchise has risks that are, in many instances, higher than other investment vehicles. To make this investment worth your while, it must compensate you for that incremental risk by offering an incremental return. Perhaps more than any other investment, the franchise you buy deserves a level of cold-eyed scrutiny far beyond the emotional first blush.
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Fast car on a budget?
Is it possible to get a fast car for cheap? say less than $9,000? I know all the rich kids can afford to go out and by a brand new corvette and they happen to know nothing about cars and I hate that, but I dont have that kind of money but I am pretty knowledgable mechanically and I could probably do a few upgrades myself(headers, ect.). What is the fastest car i can get for under 9,000 that doesnt look horrible either? thanks.
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I bought a brand new chevy corvette! I now noticed girls that didnt want to hang out with me are now liking me?
Ok so my uncle left a big will and with my money i bought a brand new corvette 2009, i noticed the girls i tried to asked out in school well two of them that didnt talk to me in class when i tried to meet them. Saw me pulling up going to the high school football game, she sat behind me and my friend that i met there and she tap me on the my shoulders and says = thats a sweet car!! I go thank you, 30 minutes later she goes, so are you going to Erik party after the game, i say yes, she goes cool, you dont mind if i can ride with you there do yeah, and in the last two years this ****** NEVER SAID A WORD TO ME, i told her sorry i'm riding with another person and she got up and left.. LMAO!!
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How much would it cost me to get a new body put on?
Okay so I have a 1984 Corvette
http://i152.photobucket.com/albums/s200/ed1655/1984corvette070608.jpg
And I really love the new corvettes how much would it cost me to put a new corvette body kit like this one
http://www.bodykits.com/Custom/Body-Kits/84_96-C5-Body-Kit-conversion/18228/
on my corvette
I need an estimate like around $1,000 dollars maybe $2,000?
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Chevrolet Corvette Vs. Dodge Viper?
Is the newest Corvette or the newest viper faster.....no super long paragraphs just a simple horsepower and speed statement?
Also which do you think looks cooler.
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what was this car that i saw?
i saw a car that kinda looked like a newer corvette but it was boxy and had tail lights similar to a 98-02 honda accord coupe. i didn't see a badge, the grill or anything more specific than what was stated.
any ideas?
Fisherman D, that is very well possible. thank you.
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