WSI franchise owners know that one of the best arguments in favor of the franchising model is the excellent return on investment it offers.
After all, many franchises reach profitability within one to three years. But sometimes a bit more detail is needed to clarify just what the return on investment for a franchise looks like.
We’ve discussed the comparison between franchise self-employment and working for a traditional company. A good way to look at the breakdown is the wage by hour comparison. How much were you making per hour at your previous job, and how much per hour now?
The reason that this is an effective way is that an hour of work is an understandable, easily-grasped measurement. You know how much you could type, data enter, manufacture, bake or sell in an hour of effort, and you know how to break down hours on the job versus pay in a period to figure out hours. It makes the concept simple to relate to.