As we’ve mentioned before, it can take as little as a year for a franchise, especially a WSI franchise
, to become profitable. To some, a year seems like a long time; it can be difficult to get your head around how fast the time can go by until you’ve been there. So let’s have a look at some things you can’t do in a year.
Pay Off a Car: According to statistics, the average car loan in the United States lasts 70 months, or just under five-and-a-half years. It’s rare that people even get a two- or three-year loan, let alone a single-year loan. In most cases, you’ll still be paying for your car when your WSI franchise becomes profitable (hey, now you know where you can send that extra money you’ll be making!).
Earn Money on a CD: The average rates on CDs are pitiful right now. They outdo savings accounts, but still offer less of a return than a strong WSI franchise will. For example, a $10,000 investment at 2 percent interest compounded monthly for 12 months will offer a profit of $201. Is the price of a business-class plane ticket really worth not having access to your money for a year?