Not long ago, I overheard an interesting conversation over my morning coffee that got my hopes up. The subject matter?
An early
retirement plan.
Source: Giphy
The conversation was between two elderly men. They were discussing how much money they could be making should they own one of the many Singapore Pools outlets.
This got me thinking…
Being the owner of a Singapore Pools outlet is like running your own business. Save for the fact that you are adopting a “sure-win” business model. Isn’t it?
Source: Straits Times
Is Franchising Really A Source Of Passive Income?
Most Singaporeans see franchising as a source of passive income.
But just like
starting a business or
investing in dividend stocks, there is still some initial work to be done.
Unlike a startup, however, you’ll have a
head start in many aspects.
Typical Franchise Characteristics:
- Access to national advertising (the yearly Ang Bao draw anyone?)
...