WSI franchising is an important, excellent way to get into the kind of business and lifestyle you prefer.
But just what does that mean in real terms? There are a lot of questions any business owner is going to want to consider before leaving another job for a WSI franchise.
- How much will I make?
- Will I make more or less than my last job?
- Will my business be successful?
- Can I succeed as a business owner in today’s tough economy?
These are tough questions, but fortunately they do have some answers.
According to most statistics, the broad rule of thumb is that a small business owner, if successful, can expect to make less than his prior salary during the first year of operation. This isn’t really a surprise to most — a big chunk of profits have to go right back into the business to pay back the main investment, buy supplies, etc. But by the second year, they can expect to be making about the same as they were making at their prior job, and by their third year and beyond they will be comfortably pulling in more than they were before.