I’ve spent about 7 years working in finance/corporate America, and I’ve always harbored dreams of starting my own business. However, growing up in a lower-class household I’ve prioritized financial stability over entrepreneurial risk. Now that my personal circumstances allow for some risk-taking, I’m ready to take the leap (and potentially fail).

I’m currently living with my parents, have no dependents, and carry no debt. Financially, I have $85k in cash, and I could potentially access over $170k if I liquidate some of my stock and crypto investments—though I’d prefer to keep those intact unless absolutely necessary. I’m also open to securing a small business loan to fund my venture or borrowing against my 401k.

I’m considering buying a franchise as my gateway into business ownership, given its structured nature and support systems. Has anyone here successfully transitioned from a corporate job to owning a franchise? Would you all recommend this as a first time business owner?