Live in so.cal.,Work in automotive field,however want to get out,39 years old,family of 4,need cash flow quick or may need to sell home,not afraid of hard work or thinking-need to be pointed in
correct direction.
2006-06-20 07:39:09 · 2 answers · asked by Bill O 1 in Business & Finance ➔ Other - Business & Finance
If you need cash flow quickly, I have to assume that you are having financial difficulties. If that is the case, you probably should not be investing your equity in a business, any business, that may, or may not, prove successful. Even if it were moderately successful, it might be too little too late... If you just want to cash out of the house (sell) and rent something cheaper for awhile, then your equity could be used to start a business and pay your cost of living while getting your new business off the ground. My suggestion is to look into a Quizno's franchise. They have an excellent training program, help with site selection, negotiation of the lease, build out for the restaurant, etc; The company is growing rapidly, has an excellent reputation, and continues to gain overall market share each year from its competitors such as Subway and Mc Donalds. Your family could work with you to help reduce overhead and the cost of employees. Multiple franchise opportunities are available for the better store operators. I'd gladly trade renting for a few years in order to help my family build true, long term wealth, all the while teaching my children that together we can accomplish anything as a team and to have the satisfaction of knowing that they helped to build your family's security and well being. Good luck.
2006-06-20 08:02:24 · answer #1 · answered by steven s 2 · 0⤊ 0⤋
You probably need to start your own business doing something you enjoy.
2006-06-20 08:29:45 · answer #2 · answered by Thrasher 5 · 0⤊ 0⤋