As tax season concludes, you let out a sigh of relief that everything was competed on time, and hope for that check that feels like a free hand-out from the government. Most people look at this new lump sum as “found money,” but in reality, people forget this is hard earned money that you worked for last year. Instead of blowing your earnings on a shopping spree or vacation, why don’t you consider using these unexpected funds to open your own business and invest in your future?
Many people will receive a decent return on their taxes this year, and often times these returns are enough to cover most of the costs of select business opportunities. There are a number of low-cost investment opportunities that have additional cost-cutting factors. To name just a few, these factors might include low-overhead expenses, the ability to be run within the comfort of your own home, and the option of turning into a part-time business. By investing in a business, you could even turn this year’s tax refund into an even bigger tax savings next year. There are several benefits that are available to new business owners, such as claiming a home office deduction, educational expenses and equipment purchases.
We have complied a list of affordable business investments. We believe these low-cost opportunities are top-picks and make for an ideal investment for your tax return money.
In-home healthcare franchise, Acti-Kare, requires an average cash investment of $20,000. This home-based franchise program assists seniors with daily activities, such as meal preparations and light housekeeping, so that they can maintain independence within their home. With the demand for senior care on the rise, we believe it is a perfect time to invest.
American Express Travel Service Representative agency, Cruise Planners, requires an average cash investment of $10,000. The franchise utilizes a home-based business model, which can be run full or part-time. Turn-key marketing tools, world-class technology and top-notch training programs are what gives this award-winning travel agency an advantage above the rest.
Global Financial Training Program
Lucrative full-service, commercial finance company, GLOBAL, requires an average cash investment of $19,950. This business opportunity provides financing options, including lease financing, working capital loans, debt restructuring and more to clients. GLOBAL is not a franchise, therefore requires no franchise fee or royalty fee payment.
When you receive your tax refund within the next couple of weeks, think hard about how you should spend that money. Regardless of the amount, our recommendation at FranFinders is to make an investment in yourself and your future.
If you would like to talk about low-cost franchise options or investing your tax return into a franchise business, contact one of our franchise consultants today.