What Would You Do with $25,000?
Have you ever had one of those days when you were just kind of fantasizing about what you would do if you had a crazy amount of money? I had one of those a couple of weeks back when I was looking for a new apartment. I decided to go onto an NYC realty site and take a look at what paying an absurd amount of rent gets you in the city. I was looking and came across one for $25,000 a month (and that’s nowhere near the top end) and just had to laugh. Of all the things you could do with $25,000 - paying one month’s rent on an apartment seems pretty nuts to me. But that got me thinking, what can you do with $25,000 - from rational to fun to downright wacky.
1. Pay 1 month’s rent for this apartment
It is a gorgeous apartment. Massive bedrooms, beautiful kitchen, great location. But still - if I had 25K to spend I definitely wouldn’t drop it on a months rent for an apartment. Maybe instead you should….
2. Buy 2 tickets to the Super Bowl
If you’re a huge sports fan, then 25K can help you and a friend get to the biggest sporting event in the world. Well, at least it could last year…. If prices keep rising then you might just have to tell your friend he’s out of luck and go yourself. Or you could hold onto the $25,000 and instead…..
3. Buy a “professional” sports team
Ok you got me - this isn’t going to be a sports franchise in one of the “big 4” leagues, or in MLS, or the National Lacrosse League. But - you can still become the owner of a professional (or semi-pro) sports franchise by buying a team in the American Ultimate Disc League. Or maybe you would rather take that money and….
4. Buy a new car
Even though the average price of a car has risen to more than $33,000 you can still afford a nice new car for $25,000. But that might not be a great financial decision - a car can lose about 9% of its value right when you take it off the lot. Maybe you’d be better off if you...
5. Take a vacation
For $25,000 you could literally fly around the world. Or go on several amazing cruises. Either way, you could take a nice long relaxing vacation you’d love. But maybe you prefer working. Then you should….
6. Open a franchise!
Haven’t you wanted to open your own business? You get the chance to be your own boss, have a career you love and have more flexibility in your work life. Opening your own franchise gives you that opportunity and it can be super affordable! Even better, unlike the other options on this list opening a franchise is a great long term investment.
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The Best Automotive Franchise Opportunities in the USA
The automotive industry has long been an attractive category for aspiring franchise owners. There are nearly as many different types of automotive franchises as there are services and offerings for cars, such as maintenance, repairs, or car rentals. And regardless of the economy or gas prices,the number of automotive franchises is expected to grow due to rising car ownership in developing countries, new car sales, and maintenance and repair of older cars that continue to roam the world's expanding roadways.
5 Ways to Evaluate Your Franchise Options
A great way to go and figure out whether or not the franchise you’re thinking about is the right one for you is to just go into a location and take a look around. Watch how things run. Talk to some of the employees or the customers. Figure out what day to day operations are like. If you have a big problem with the day to day business for any reason then it probably isn’t the right franchise for you. But if you go there and think that the business is great then it’s probably a good fit.
Franchisors Exposed to Liability Based on the Conduct of their Franchisees
Facts that have been considered relevant to whether a franchisor might be exposed to vicarious liability regarding the conduct of its franchisees include: