New ETF Book by Larry Connors - Click here to read more
Scott Mitchell, 40, who used to sell paint for Sherwin-Williams, decided just over a year ago to purchase a CertaPro Painters franchise.
"It was kind of the next step for me -- both personally and professionally," Mitchell said, adding he's been working in the paint business for the past 17 years.
Mitchell said he had a great job at Sherwin-Williams, but was compelled to take the risk.
"It was just kind of time to make a change," Mitchell said, adding he surprised many of his former co-workers, but they were all supportive.
Mitchell said he decided to buy the franchise, which has been successful for the past decade, last summer while reviewing accounts at a mid-year planning session. He added he had sold paint to the business and knew the owner, who he called in August.
"Business was doing great for six years," Mitchell said. Then "it was plateauing or even slipping."
Mitchell said he spent a few months organizing his finances, including using some of his investments, and by January he had bought the painting business and was fully trained by CertaPro, which is based in Philadelphia, Pa., and has made the transition easier.
"CertaPro has created the wheel. I just have to push it," Mitchell said, adding the biggest challenge is managing time well.
Mitchell said it's been a change for his wife Dee, who works as a Realtor, and their children Matthew, 13, and Seth, 11. He's added he's had to put in long days, but has also had more time to go camping and on field trips with his sons.
"Because it's a new business, cash flow is tight, but it's not non-existent," Mitchell said, adding he expects to be in the black by the end of the year.
Mitchell said most of his business is done in the Dover area, but he serves the Seacoast and works into Alton, Wolfeboro and the southern tip of the Lakes Region.
"It's a lot of work, but it's an investment," Mitchell said, adding he's grateful that his wife helps out with the logistical side of the business.
"She's got a vested interest in it," Mitchell said.
To see more of Foster's Daily Democrat or to subscribe to the newspaper, go to http://www.fosters.com/. Copyright (c) 2009, Foster's Daily Democrat, Dover, N.H. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
