This is a sponsored post written by me on behalf of SuperCuts.
As I’ve mentioned before, my husband and I have an ongoing discussion about going into business for ourselves. We’ve talked about this out of frustration with our 9-5 jobs, we’ve discussed investing in a business for supplemental income, and also for – you know – becoming millionaires. :)
I thought it would be helpful to people like us who are considering a franchise ownership to illustrate some statistics about entrepreneurs. 1000 people with a net worth of over $200,000 were surveyed and here are the results:
Successful entrepreneurs don’t just start one business and then quit. The key to success is growth and expansion, moving on to the next project. We’re always reading about famous business owners and their latest ventures and acquisitions.
25% are females looking to start their own business. I’m actually surprised that this number isn’t higher. I guess it’s still a man’s world, but hopefully that will change with time.
56% looking to start a business are planning on having a business partner. This I believe. It’s much easier to take on half of the responsibility and debt than to take it on entirely yourself. I don’t see myself ever starting a business solely by myself.
31% of the people looking to start a business are planning on going into business with a spouse or domestic partner. (That’s roughly 10% of all respondents.) That’s us – partners in life and maybe soon, in business?
30% of respondents looking to start a business are going into business with a friend and 26% are going into business with a colleague. This would be a personal challenge for me. I would think you have to go in with a strong resilient relationship for this to be a successful idea.
I wonder how many respondents have gone into the SuperCuts franchise. Is this a business you’d consider?
I think it’s an interesting idea, but with little kids, I just don’t know if I have time to run a business right now.