Warren Buffet said: “Dull companies with steady earnings growth may not make for stimulating cocktail party chatter but over the long haul, they make the best investments.”
If too many people want to do the business, there is too much competition and no one makes much money!
I know a window cleaning franchisor has a franchisee making over 500k profit. It costs less than 100k to open one up. How good of a ROI would that be? Can you imagine becoming a millionaire cleaning windows? I can guarantee you the owner is NOT the one cleaning windows. Some might say anyone can wash window, but most don’t know how to grow big, market themselves or make much money. That is where the system makes a difference.
I know of a home and business restoration franchisor who has franchisee that paid something like 60k to open and now they have 40 trucks and have revues over 6 millions of dollars a year.
I know some carpet cleaning franchisees are making a few hundred thousand dollars a year.
If you want to start a business and want to be successful, find something DULL that few people are willing to do.
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