I HAVE $5000 TO INVEST IN A FRANCHISE BUSINESS?

What would be the most appropriate authorization commercial operation to deposit in right right away as well as why?

{ 6 comments }

john January 7, 2012 at 12:05 am

you know those little candy machines at the mall where you just put a quarter in and the buble gum or candy comes out…those are a small investment and pays you well overtime, its continuous and it runs itself, you don’t have to do anything except buy the machine and candy, take a vaca then comeback and collect your money.

Len January 7, 2012 at 12:11 am

I wouldn’t trust ANY franchise costing only $5,000. More than likely, you’ll find many opportunities advertising same but I’ll betcha they’re illegal schemes designed to defraud you of your dollars.

Go to some websites belonging to McDonald’s or popular convenience stores and find out what it takes to qualify—money alone isn’t sufficient. The sponsoring company wants relative assurances that you’ll survive difficult market conditions such as we have now. That translates into credit and cash reserves.

Also, this is definitely NOT THE TIME to be investing in anything! I cannot emphasize that enough. We are in a market correction. It will not subside tomorrow or next week because there is nothing to turn the negative tide. If you listen to people encouraging you to put your money and yourself at risk in this extremely volatile market, that person is making himself feel good at your expense.

It is my business to predict market downturns. I saw this one back in September. Where I screwed up was in thinking we’d drop just 18-20%. We’d already dropped 10% by Friday of last week and today tacked on some more. I could now believe the drop will be in the range of 30%. In any event, that would mean your $5,000 could be worth as little as $3,500 in no time flat. And where will you go for money in these tough credit times when your business requires cash infusions just to avoid bankruptcy?

Hold onto your money, study more so you won’t have to learn this from people like myself. But you can always ask more questions, that’s a smart approach—I just wouldn’t want you to suffer financial losses because of unscrupulous pig-people. They are out there—among us.

Chris Blaze January 7, 2012 at 12:40 am

I wouldnt suggest to invest in a fanchise thats only $5000. You can start your own business, website, sell some products on ebay to flip your money, or invest in a company that you believe in. Im a web developer and business owner. I invest in alot of business’s. Right now money is in technology. Blackberry Apps, Iphone Apps, things like that. If you interested in talking some more check out my website, 59MediaGroup.com

Chelsey January 7, 2012 at 1:11 am

You won’t be able to buy a franchise with only $5,000. Most franchises require that you have thousands (Like, 20 times what you have) of your own money (money that you haven’t borrowed).
Your best bet is to either have your own small business, or invest your money in stocks or in a CD.

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