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Six Tips for Owning a Part-Time Franchise While Working Full-Time

Lately, everyone is looking for a side business, and a part-time franchise is an effective model for many of us to increase our income.

There are many franchises available that can be managed part-time. So, how do you make running a part-time franchise while working a full-time job work for you?

Here are my six tips for juggling your part-time business and day job.

  1. Don’t ignore your full-time job
    Be strict with yourself and only work on your franchise outside of your full-time job to establish a clear mental border between the two.

 

  1. Manage your time effectively
    You'll need to change your daily and weekly routines to make extra time for your franchise. Set aside time to focus on your part-time franchise and try to avoid distractions during this time.You'll make your life much simpler after establishing a schedule that works for you.

 

  1. Identify low-cost franchise opportunities
    Many part-time franchises may not need a large investment in equipment, a storefront, or cars simply to get started. This means you'll earn more money faster than other franchise options.

 

  1. Ask for help if you need it
    One of the main benefits of investing in a franchise is its ongoing support. If you're having trouble fitting everything in and need assistance with some elements of your business, seek advice from your franchisor.

 

  1. Follow the system you purchased
    One of the best features of investing in a franchise is that you don't have to start from scratch to succeed. The systems are already in place. All you have to do is stick to the system to get a strong return on investment. Keep in mind that the franchise is set up the way it is because it works. After all, isn't that why you invested in a franchise?

 

  1. Don't forget to take breaks
    Putting in more hours on your new business is tempting, but don't overwork yourself. To ensure you get adequate sleep, set a timer for yourself to turn off your electronics. Also, don’t forget to delegate.

 

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.

Are you interested in being a part-time franchise owner? Please schedule a quick call with me.

Should You Diversify or Double Down When Expanding Your Franchise Portfolio?

You may have built one thriving franchise unit, but like many successful business owners, you're considering expanding.

So, where do you go from here?

Just like opening your first unit, expanding your franchise portfolio with more units from the same brand or with a new brand requires thoughtful discussions with your family and franchisor.

Here are some things to think about if multi-unit ownership is good for you:

Use Your Experience To Guide You

Successful franchise owners should look forward to multi-unit ownership confidently because they have mastered business ownership's nuances. In addition, working with a franchisor that has a proven track record of success assures that the move to multi-unit ownership will be smooth.

Look For Incentive Opportunities

Of course, in order to open another location, you'll need financial resources. There are several fees connected with operating a new site, but some franchisors give incentives to existing franchise owners who want to grow their portfolios. This might result in lower royalties, waived fees, and so forth.

The Benefits Outweigh the Risks

The transition from single to multi-unit franchising might be intimidating, but the benefits outweigh the hazards. Having many franchise locations may be a financially profitable and entrepreneurially gratifying venture with a greater likelihood of success.

Given the savings, scale benefits, and a demonstrated likelihood of return, multi-unit ownership frequently returns better ROIs.

If you would like more information about multi-unit franchising and portfolio diversity, please schedule a quick call with me.

This Nationwide Roofing Company Has Your New Franchise Opportunity Covered

Since its launch in 2009, this franchise has quickly become one of the fastest-growing roofing companies. They offer best-in-class roofing repair and replacement with offices across the U.S. 

The mission of this franchise is to be an energetic and diverse organization focused on the growth of its employees, utilizing quality craftsmanship and impeccable customer service as the catalysts.

This franchise provides homeowners a broad range of roofing services, including roof inspection, consulting, estimating, production, and project management. Customers and partners can rely on this business model for innovation and long-term sustainability.

From a franchisee's perspective, here is what I love about this type of franchise:

  • Customer service-focused
  • HUGE Multi-Billion Dollar Industry
  • Nominated as a top-five residential provider in the nation
  • Multiple revenue streams
  • World-class franchise sales organization
  • Utilizing the latest technology
  • Experienced Franchisor
  • Highest producing franchise in the nation in its category
  • Low startup costs, almost half of its competitors
  • High average ticket costs mean fewer jobs and FASTER profitability 
  • Over 40 locations nationwide

Its industry-leading contributions to the roofing industry include a customer-first mentality, a dedication to top-quality products, and a management team focused on the growth of its people. Through this, they have created a loyal base of customers all over the U.S.

Find out how to join this highly-successful national brand with a franchisor that has proven to be a leader in the industry. I look forward to sharing more over a conversation with you.

If you’d like to begin your path to franchise ownership, please schedule a quick call with me.

Did You Know Additional Revenue Streams Through Franchising Allow Greater Lifestyle Flexibility?

In most businesses, the rule of thumb is that you get out what you put in. However, in my experience, it does not have to be time-consuming if you use a multiple-revenue model that allows you to earn money while doing what you enjoy.

When deciding to purchase your own franchise business, it is critical to analyze how the business model will benefit you. For example, franchise business opportunities that provide additional revenue streams may better suit your lifestyle requirements leading to greater flexibility and increased autonomy.

Make a list of priorities and consider your lifestyle commitments and how many hours a week you want to spend with your family and friends while looking for franchise opportunities as part of any well-thought-out franchise business strategy.

You may choose how to organize your professional tasks around your daily routine. The flexibility of a multiple-revenue franchise allows you to adjust and manage your work hours in line with your lifestyle. This franchise business model's value comes in leveraging time, which allows for this level of flexibility.

The most important component of a good multiple-revenue franchise opportunity is that it allows you to maximize the efficiency of your work schedule.

Consider what improvements the franchise business will have on your life outside of work while choosing a multiple-revenue franchise business that matches you.

Are you interested in additional income streams? Please schedule a quick call with me.

What’s Your Next Career Move? Now’s the Time to Invest in a Franchise!

After years of working for someone else, you may feel ready to work for yourself. 

  • Do you want the freedom to make your own schedule?
  • Do you want to be your own boss?
  • Do you want to start a new career without having to start from scratch?
  • Would you like to make hiring decisions?

Now might be the perfect time to explore that next career change!

Investing in a franchise is a terrific way to make your dream of business ownership a reality. Franchise opportunities present the chance for a whole new chapter in your life. 

Now’s the perfect time to reflect on what owning your own franchise can do for you and your family. You may be surprised at how attainable that dream franchise business really is.

Here are a few of the key advantages that a franchise business offers.

  • Enhance your quality of life through a healthy work-life balance.
  • Minimize risk with comprehensive support and training.
  • Take control over your success.
  • You choose the people you work with.
  • Benefit from exceptional training and support.

From timing that stock purchase to buying real estate, it’s often said that “timing is everything”, and now, there’s no better time to consider partnering with one of the many brands available in franchising.

Now’s the time to consider what owning a franchise can do for you and your family’s future.

Looking for the right time? Now’s the time!

Is the timing right for you to consider a career change? If so, please schedule a quick call with me.

See How My Candidates Are Enjoying Entrepreneurial Freedom

Franchise options abound in today's economy. However, a closer look reveals that not all franchises are created equal.

Working in the franchise market has various advantages, including certain recession-resistant brands, inexpensive start-up costs, and little overhead. Furthermore, working your own hours and making your own decisions may provide you with a richer quality of life.

I'd like to share the story of one of my successful franchisees, Hernán B., with you. Below are his thoughts.

Question: What were the top three things (characteristics) you were looking for in a business?
Answer:

  • Owner role: semi-absentee
  • Low franchise fee
  • Few employees

Question: Did you experience fear/hesitation/anxiety at some point? When? How did you deal with it?
Answer: No

Question: How valuable did you find talking with franchise owners? Anything especially surprising or interesting? Did you find them or change to something else?
Answer: Very Valuable

Question: Did you feel well equipped at the start of the validation process? If not, what could you have known before?
Answer: Yes

Question: When did you know that this was the right franchise for you?
Answer: After I talked to existing owners.

Question: Do you think you would have found this business without my help/guidance?
Answer: I don’t think so. I tried.

Question: What did you think about the unique perspective I gave to you being an experienced multiple-unit franchisee?
Answer: It was great because it gave me the confidence you knew about being a business owner.

Question: Now that you have gone through my process, What advice would you have for someone thinking about owning a franchise?
Answer: Evaluate as many franchises as you can. Make sure you understand the role of the owner. Talk to all of the existing owners.

Let me help you find your path to franchise ownership. Please schedule a quick call with me.