Who says the way to a seven-figure net worth is sitting in front of a computer in an office for 40 years? It’s possible to do real, hands-on work while being more than just an average wage-earner, and the key to this success is starting a franchise business. You’ll get all the benefits that come from owning your own company, including the business’ profits, but you’ll still be able to do the kinds of work that you appreciate.
Start small, grow quickly
It is possible to start a franchise with a relatively modest amount of savings. Some service franchise concepts can be purchased for as little as $10,000—$20,000. Now, you won’t be buying a five-star hotel with that kind of money, but that’s not what being a blue-collar franchise millionaire is all about, anyway.
With these types of businesses, you’ll often have the benefit of starting out with low overhead and operational costs, meaning that you can enjoy robust operating margins right from the beginning. You can funnel these profits back into the company in the form of marketing, upgraded equipment, new service initiatives, etc., and build rapid growth.
Enjoy the support of a corporate parent company
Franchise ownership comes with the built-in support of the parent franchise company. Some of the benefits that franchise owners often receive include:
- National marketing and advertising
- Process manuals
- Hiring and training assistance
- Legal help
For budding blue collar franchise millionaires who don’t have any previous experience owning a business, this kind of support can be integral to success. When you own a franchise business, you don’t have to start completely from scratch and figure everything out on your own.
Stay connected to the customers
Customers trust business owners who are willing to get their hands dirty. That’s because they can see that these types of owners care so much about their company that they are willing to take on any task that will help make the customer happy. It’s a far cry from the typical perception of the owner/CEO who sits at desk all day and tells other people what to do.
As a franchise owner, you have a unique opportunity to prove your dedication to your customers by performing whatever task needs to be done. This deep involvement with the day-to-day realities of the work will help you connect to your target market and create lasting relationships.
Live your obsession
Whether you’re an engineer who builds intricate things or a landscaper whose pathways are always perfectly edged, you’ve probably dreamed of getting to do something you love and make money at the same time. Whatever type of work you engage in, there’s most likely a franchise business that will allow you to do it while being an owner at the same time. For a reasonable investment, you can start a company that has the potential to quickly become profitable and grow, and will make a real impact in the lives of your customers. If you play your cards right, you might even be the next blue collar franchise millionaire!
If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.