The news on the economic front continues to look bleak for many. Most hard working folks are still struggling. Most don’t have a Plan B.
Recent articles and news reports show that direct sales is alive and well. USA Today profiled some people who have basically kept their bank accounts afloat due to a “direct sales” business they started. Without the business their financial future and security would be at risk.
Others continue to open new franchises or buy an existing businesses – BUT why? Some of these business models have serious drawbacks that people usually discover too late.
First, taking on $500,000 to over $1 million in debt scares the heck out of me.
Second, having to deal with unskilled or high school employees that in some cases aren’t reliable is also not for me. (Please – I love kids and have some teenagers myself – it’s just that I personally don’t want to have them as my employees at this point!)
Third, for a business purchase, it will take an act of God to get a business loan in this environment and it will take about 5-8 years to pay it off.
There are more reasons why I prefer direct sales and I made a quick video for you…here!
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