What I’ve seen of most franchises and small businesses is that the owner has essentially bought themselves a job
Instead of working 40 hours a week for someone else, they invest their money to establish or buy a business and then work 80+ hours a week for themselves
They are unable to vacation because the business isn’t profitable unless they are there every day or there isn’t enough income to pay for any help
It seems to me that in most cases, people think they own a business but the reality is that the business owns them
And if the time aspect of owning a business isn’t enough of a deterrent, there are the odds of success to consider – a quick Google search tells me that only 66% of small businesses are still open after two years and only 44% after 4 years
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One of my friends owns and operates a large physical therapy clinic – he jokes about being able to set his own schedule – he says he can pick any 100 hours per week he wants
