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Go to College or Start a Franchise?

While working with clients, we ask the question, “Why do you want to start a business?” We get a variety of responses from, “To be my own boss” to “I want to earn more money.” But recently, I heard a response that was a new to me.

During a recent interview with a gentleman, after asking the “why” question he responded with, “I have 3 sons, 2 have graduated from college and are working in jobs that have nothing to do with their majors. The third son is now graduating from high-school and I proposed that he can take the roughly $40K to either go to college like his brothers, OR invest the money in a franchise business.”

When I asked why he would consider this for his new graduate, he said, “There is no guarantee that having a degree will help you earn money. At least by starting a business, my son has a better chance. Even if he starts and fails in 2 years, at least he’ll have the experience.” Now, that’s forward thinking.

While there are no guarantees that business ownership will be successful. There are also no certainties that earning a college degree will bring a graduate the return on their tuition investment. Especially if funded with student loans. Talk about being “cash-flow negative.”

If you’re a parent considering this same question, or a student-to-be who has reservations about “life after college” and desire to be a business owner, then consider franchising an option. Our franchise consultants will be able to partner with you to help you clarify your goals and give you direction.

About the author

Rob Bennett

Rob had served in the corporate-world for 18 years filling various technical capacities, from structural design to project engineer. His experience lends to FranFinders strategic planning, systems design and optimization.

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