#Uber #franchisees #franchises
It appears Uber is more than a ride-sharing service.
It’s a good part-time job for those starting franchises and waiting for them to grow.
Lindsay Moore, reporter for the Pittsburgh Post-Gazette, discussed how one man, Erik Lingren, decided to go from unemployed, to a Menchie’s Frozen Yogurt franchise owner, while driving for Uber part-time.
The story was published in the August 7, 2016, edition of The Atlanta Journal-Constitution.
When one buys into a franchise, it can take a while before the franchise makes enough for the owner to make a decent living.
In Lingren’s case, he went from one store to two, employing 18 and planning to add another 12 to 15 employees, Moore writes.
Between working on his franchises and driving for Uber, Lingren works 60 to 65 hours a week, Moore writes.
Besides having to set up a franchise and wait for it to grow, there’s another rub. The average Menchie’s store costs between $229,557 and $425,310 in startup costs, Moore quotes from the company’s Web site.
Not everyone who suddenly loses a job has the ability to jump into a franchise.
If you’re at a crossroads in your life, or, as Lingren calls it, a bridge, but can’t just jump into a franchise, there are other ways out there to make money without having a traditional W-2 job, and without having to dump your life savings, or borrowed money, into startup costs. To check out one of the best, message me.
Here’s a bonus: you have the opportunity to build an income that could surpass that from a traditional franchise, without the employees, overhead, inventory and other headaches. The startup cost is nothing close to that for a Menchie’s franchise.
Lingren actually likes driving for Uber. Moore writes that he intends to keep his ride-sharing account active as his frozen yogurt empire expands.
As job security becomes elusive for many, it’s important, too, that while you are working you save as much money as you can.
Put the money you save into investments that are comfortable for you, and get good, trustworthy advice.
If you’re a fro-yo fan, or a fan of another type of franchise, the money you save could allow you to buy in, should your job go away.
Though it is admirable to help others by creating jobs for them, managing people can be difficult. Making sure your business has everything it needs can keep you up at night.
Working part time as a driver as you wait for your business to grow may not be ideal.
A better idea might be to participate in something you can do part time with little sweat while you still have a job, that could produce an income that would allow you to walk away with a smile if your job suddenly goes away.
Peter
Tag Archives: Uber
WHAT KEEPS YOU UP AT NIGHT?
#nextbigthing #technology #gamechangers #anthroposcene
Perhaps you wonder what your work life will be like in 10 years, or 20 years.
Perhaps you wonder what kind of business someone will invent that will change everything.
Well, there’s probably a group of well-funded thinkers that are wondering the same thing.
Elizabeth Preston, a correspondent for The Boston Globe, tackled this topic in an article published July 30, 2015.
Elon Musk, founder of Tesla, which makes electric cars, is among those funding studies that will help us prepare for the technology crises of the future.
Technology has changed many workplaces, and will continue to do so.
Uber has changed the way many people get around.
So what will be next?
“Real world scientists are thinking apocalyptically. Many believe that humans – sometime between inventing agriculture and reshaping the global climate –have created a new, global epoch,” Preston writes.
This age, informally called anthroposcene, will be the subject of a new section of the National Museum in Washington, D.C., Preston says.
We’ve already seen the world go from dinosaurs to robots, double-wings to drones. But what’s next?
You may be hearing things from investors that say they know what the next big thing is going to be, but they are only telling a few of their closest friends. To become such a friend, you have to pay money.
So what is it worth to you to have insight into a serious game-changer before everyone else does? As we all have seen, things we thought would be game-changers didn’t turn out as hyped. Some of the things have even become a pain to live with. For example, do you have a love-hate relationship with your smart phone, or computer? These devices have helped people do more things more quickly, but they also can, and have, complicated many lives.
The next big technology breakthrough may save lives, but may cost jobs.
The next big breakthrough could help us alter nature, but should we fool with nature like that? It may help us better prepare for bad weather, but bad weather is an everyday occurrence somewhere. Can we stop ALL such destruction?
So, are you, like these Musk-funded think tanks, obsessed with what technology will do in the future? Perhaps so, perhaps not.
If you want a simpler life, yet want to make more money than you are making now, without affecting what you are currently doing, visit www.bign.com/pbilodeau. You see a way to put money in your pocket without having to invest in the next big thing.
Though we may reminisce about simpler times, few of us would care to go back there. In fact, it’s virtually impossible to go back there.
We merely take what is, adjust our lives accordingly and aim for something better. It’s certainly OK to dream, or think about, what can be. But it’s much safer to keep our thoughts in line with what we want for ourselves, and what we want for others. Finding ways to help others is perhaps the most virtuous of thoughts. Make that your next big thing.
Peter