Buying a Job
By Michael J. Childs
Have you ever heard the term; “buying a job"?
Low investment franchise opportunities are sometimes called buying a job or income substitution - and even discredited by some in the industry.
Buying a business isn’t a cure-all for joblessness, but many of these small investment businesses grow in value as they mature and sold for a nice profit when the time comes.
For many, it makes sense to invest in a business they can run on their own, be their own boss and take charge of their future while building equity.
But there is a difference between buying a job and a real investment.
A successful business will build value. A business that isn't profitable or can’t be sold for a profit is a job, not a real business investment.
But you shouldn't automatically eliminate a low investment franchise just because someone said you are buying a job. It may well be the perfect business for you.