Did you know that franchise ownership can provide extra income without requiring full-time devotion to the business?
Many of the people I work with as a Franchise Consultant are afraid to leave a seemingly solid and secure career to establish their own business.
I often hear these quotes:
"No, I'm not interested in the financial risk."
“I can't afford to quit my work while I'm starting my own business.”
“I also can't work two full-time jobs."
Aside from the fallacy that a job is always steady and secure, consider this, franchise ownership does not have to consume all your energy because you could operate it part-time.
Yes, some franchises need financial investment as well as full-time involvement in the business. However, numerous franchises have established profitable business models geared for part-time or semi-absentee ownership.
Perhaps you choose to keep a full-time career while supplementing your income as a franchise owner with part-time participation.
Two types of people are suitable for franchise ownership with part-time involvement.
- One who wants to continue working for a corporation while simultaneously owning a franchise that generates additional revenue. They were proactive and now have a backup plan if they’re laid off.
- One who wants to own a franchise that will give extra income but wishes to work just part-time throughout the start-up period until resigning or retiring from one's existing job. Then, they can work part-time or full-time in the franchise and have more free time for other hobbies.
What Does Part-Time Work in Your Franchise Look Like?
Once your franchise is up and running, your role then shifts to that of an advisor, consultant, or CEO. You concentrate on planning, profit and loss, and collaborating with your managers on staffing, sales, cost-cutting, marketing, and other business-related tasks.
So, whether you want to supplement your income or start your franchise career with a part-time commitment, investing in a franchise might be the ideal solution for you.
Start your search today for a franchise that offers you the option of part-time involvement as an owner. Please schedule a brief call here.