Investment: Assets vs. Liabilities: 40K iPhone vs. 26,888 food cart franchise
by Myla Jasmine Bantog
We all belong in a technologically-savvy generation that worships the iPhone and covets the Blackberry. Of course, who does not want to own these gadgets if given the opportunity? But have you ever thought of investing in something else that generates income rather than these gadgets that get old in a short span of time? If you are the more practical type, a P26,888 food cart franchise might sound more appealing to you than a brand new iPhone that costs 40 grand.
There are a lot of reasons why a food cart franchise is a better investment than an iPhone or any other expensive gadget for that matter. For one, just look at the price difference. The difference is huge, even more than P10,000. What is great about investing in a business franchise is that it generates income, whereas an iPhone will simply be stagnant. In fact, once a new generation is released, you will start to feel like you want to dispatch your current iPhone and buy the newest release. Needless to say, that is very expensive, not to mention impractical.
Another reason why you should go into the food cart franchising business is that it is already a tried-and-tested system. A lot of other people have become franchisees as well, so all you have to do is follow your footsteps. You do not have to start from scratch and devise your own ideas on how to go about the business. Everything is already laid out for you, and all you have to do is improve it.
Your chances of success in food cart franchising also increases with the brand that you are selling. That is because food carts tend to gain loyal followers, and when you purchase a franchise, you are already buying a piece of a business that has already earned a name for itself. As previously mentioned, most of the work has already been done for you, such as the advertising and such. All you need to do is to develop your franchise. However, you can still do your own advertising because gaining more customers is definitely not such a bad idea.
Your iPhone might be a source of joy to you once you buy it, but this joy will not last long once you realize how much you have spent on such an unhealthy investment. Why not invest on a food cart franchise instead, and once you have earned you can income, you can buy as many iPhones as you want. At least, you’re doing good business.
We all belong in a technologically-savvy generation that worships the iPhone and covets the Blackberry. Of course, who does not want to own these gadgets if given the opportunity? But have you ever thought of investing in something else that generates income rather than these gadgets that get old in a short span of time? If you are the more practical type, a P26,888 food cart franchise might sound more appealing to you than a brand new iPhone that costs 40 grand.
There are a lot of reasons why a food cart franchise is a better investment than an iPhone or any other expensive gadget for that matter. For one, just look at the price difference. The difference is huge, even more than P10,000. What is great about investing in a business franchise is that it generates income, whereas an iPhone will simply be stagnant. In fact, once a new generation is released, you will start to feel like you want to dispatch your current iPhone and buy the newest release. Needless to say, that is very expensive, not to mention impractical.
Another reason why you should go into the food cart franchising business is that it is already a tried-and-tested system. A lot of other people have become franchisees as well, so all you have to do is follow your footsteps. You do not have to start from scratch and devise your own ideas on how to go about the business. Everything is already laid out for you, and all you have to do is improve it.
Your chances of success in food cart franchising also increases with the brand that you are selling. That is because food carts tend to gain loyal followers, and when you purchase a franchise, you are already buying a piece of a business that has already earned a name for itself. As previously mentioned, most of the work has already been done for you, such as the advertising and such. All you need to do is to develop your franchise. However, you can still do your own advertising because gaining more customers is definitely not such a bad idea.
Your iPhone might be a source of joy to you once you buy it, but this joy will not last long once you realize how much you have spent on such an unhealthy investment. Why not invest on a food cart franchise instead, and once you have earned you can income, you can buy as many iPhones as you want. At least, you’re doing good business.
