Franchise 500HomebasedLow Cost Top NewFast GrowingTop GlobalBiz OpportunitiesFranchises for Sale

Buyer Blunders

Blunder #3: Unrealistic Expectations

Many individuals assume not only that most businesses succeed, but that they're lucrative from the get-go. This is definitely not the case. It usually takes at least a year to develop a profitable business.

We have many individuals who tell us they need to make a minimum of $50,000 the first year. As a general rule, we recommend a first-year goal of earning back your investment. (For us, that's $22,500.) Even then, the money has to be reinvested in the business. In other words, in your first year, you should have other sources of income to live on.

Did you find this story helpful? YesNo
Thanks for making Entrepreneur better for everyone.
Please tell us why?





« Previous 1 2 3 Page 4 5 6 7 Next »
Franchises for Sale
Franchises for Sale: Food | Health Care | Retail | Sports | Travel | Part Time | More »

0 Comments. Post Yours.

Comments:

blog comments powered by Disqus

Shipping & Logistics Center

Presented by
More Tips »

Most Popular on Entrepreneur.com

Fox Business

Featured Advertiser Links