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


June 28, 2022 by Franchising Path

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.