If you're waiting for your boss to fall off the perch, you might want to consider being your own boss.
As we saw on tonight's show, it's possible to start up your own franchise for as little as $20,000.
Frachises are less likely to fail than other small businesses, but they're not without risks.
Money Magazine's Effie Zahos says franchises can be a recipe for success — but not instantly.
"Just because it is successful for someone else doesn't mean it will translate into instant success for yourself," she says.
Ian Krawitz's marketing company 10 Thousand Feet has surveyed 2000 franchisees and compiled this top ten list based on support, financial guidance, profitability and lifestyle.
1.Smartline mortgage brokers
2.Mortgage Choice
3.Mrs Fields Cookies
4.Signwave sign and graphic business
5.Mr Rental home appliances specialists
6.Snap-On Tools
7.Xpresso Delight
8.Chooks Fresh and Tasty
9.Baker's Delight
10.Snooze bed and bedding retailer
Here are some extra tips from the experts:
Be prepared to be without an income in the initial stages
Be prepared to work an average of 50 hours per week
Remember that you're not likely to be highly profitable for the first three years
Only pursue the opportunity if you're absolutely certain it's the business for you
