Be your own boss
Be your own boss

Wealthy households are more likely than others to be headed by a business owner, according to the Kauffman Foundation for Entrepreneurial Leadership.

A turnkey approach to ownership: Buy a franchise. These four that follow have a relatively low cost of entry and won high marks for their financial prospects and franchisee satisfaction in a 2011 Franchise Business Review survey:

HEAVEN'S BEST CARPET & UPHOLSTERY CLEANING

The business: The company is now in 1,500 towns and cities because of its popular quick-dry cleaning technique.

Investment: $29,000 to $64,000

PADGETT BUSINESS SERVICES

The business: Specializing in tax and payroll services for small businesses, this is a good fit for corporate refugees.

Investment: $106,000

U.S. LAWNS

The business: This commercial lawn maintenance company will train those with no background in the industry.

Investment: $50,000 to $75,000

VISITING ANGELS

The business: Franchisees of this provider of non-medical home care to seniors and other adults average $10,000 to $50,000 in first-year revenue.

Investment: $60,000 to $80,000


By Carla Fried, Anne C. Lee, Elaine Pofeldt, Susie Poppick and Penelope Wang @Money - Last updated July 03 2012: 5:57 AM ET
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options