Traditional employment
In traditional employment the
average person often earns £10,000 p.a. by the age of 20, and if
fairly successful, £30,000 by the age of 35. From then on they can
normallyexpect nothing more than annual increments in line with
inflation. At retirement, most people generally receive 1/3 of their
salary - roughly the same as they were earning at the age of 20!
This is known as the employment trap. So, what options are available
to you if you want to avoid this trap?
Traditional franchising
Traditional franchise operations may cost anything from a few
thousand to hundreds of thousands of pounds. This kind of investment
can be a huge gamble - which may even put your home at risk.
Franchising also offers restricted growth, as areas are usually
designated.
Self-employment
You
have to invest capital often with no clear proof that your venture
will work, and again, this can be a huge risk.