Compare the Cost of Being an Employee
vs. In Business For Yourself
vs. Self-Employed with TruPowur
Cost of Being Employed
Going to work as an employee for someone else every day is not a cheap endeavor. New research from CareerBuilder found that, on average, employees spend more than $3,585 a year on everything that goes into getting ready for, going to and being at a job every day that will only pay you no more than what it cost to replace you.
The study examined the costs of driving, taking public transportation, eating lunch, drinking coffee and buying work clothes, as well as expenses related to child and pet care. Among the expenses employees have on a weekly or monthly basis are:
- Driving: The research found that 47 percent of those who drive to work spend on average of $27 on gas each week, with 30 percent spending between $27 and $54.
- Public Transportation: Those who take a bus or train to work spend more than $30 each week to do so.
- Lunch: While more than 70 percent of workers pack a lunch each day, half of those who don’t spend an average of $50 to $100 a week to eat out.
- Coffee: Half of the employees surveyed buy coffee during the workweek. Of those, 71 percent spend less than $15 a week, with 25 percent spending between $20 and $30.
- Day Care: Nearly 30 percent of working parents with kids under age 18 living at home spend money on child care. Of those, more than one-third spend $500 or more on day care each month.
- Pet Care: Nearly 60 percent of the workers surveyed have pets. More than half of those spend less than $15 per week on pet care, with 33 percent spending between $15 and $25.
- Apparel: Nearly half of employees surveyed spend less than $275 a year on clothing, shoes and accessories for work, with 35 percent spending between $275 and $810. Just 5 percent spend between $1,000 and $2,000, and only 2 percent spend more than $2,000 annually on work attire.
More than one-quarter of employees said the last time they looked for a job they spent on average at least $220 on a variety of items, including clothing, transportation, printing, travel, networking events, computer hardware and software and recruiters.
Cost of Being in Business for Yourself
Lets use the average franchisee of McDonald’s for example
New franchisee will pay a $45,000 franchise fee.
New franchisee must have a minimum of $500,000 available in liquid assets.
New McDonald’s franchisee can expect to shell out between $1,314,500 and $2,306,500.
Buying an existing franchise – prices can cost upwards of $1 million or more.
The average franchisee earns $150,000 after expenses.
A profit of $150,000 after $2.7 million in sales isn’t even 6 percent, but after food cost, supplies, crew payroll, and about a dozen other costs handed down by corporate, that’s what franchisees are left with (via Bloomberg).
Cost of Being Self-Employed (with TruPowur)
TruPowur – Being Self-Employed
$400 per month ($4,800/year) with the AGENT License or
$200 per month plus $1,200 Annual Brokerage fee ($3,600/year) with the BROKER License
No Cap on Income
Freedom of Autonomy
All Electric Suppliers
All Natural Gas Suppliers
Onboarding & Training
A TruPowur Email Address
Personal Retail Website URL
Personal Website Sales Promo Code
Phone Services with Private Extension
Access to the TruPowur Pro CRM & Dialer
Message Service with MP3 & Text Delivery
Access to Weekly Live Sales Training Platform
Access to our Proprietary Bid/Quoting Platform
Unlimited Residential Customer Database Provided
Unlimited Commercial Customer Database Provided
Control of Commission on Each Contract/Sale Offered
Access to our Utility Cost Recovery Auditors for All 50 States
Access to our Free Solar Platform – For Customers in the Available States