Can You Own a Franchise While Keeping Your Job?
Sara Waskow
Matching People to Business Ownership | Franchise Owner | Executive Transition Specialist | #DFWFranchiseExpert | #Oklahoma Franchise Expert
Can you keep your job and still own a franchise? The short answer is yes! Many franchise owners manage to keep their jobs while owning a franchise through what is called a semi-absentee model. This allows you to own a business without being involved full-time. However, you do still need to remain engaged in the business.
Managing a Semi-Absentee Franchise Owning a semi-absentee business typically requires managing a manager, which means dedicating 5 to 20 hours a week to overseeing operations. This isn’t a completely hands-off approach, as emergencies or day-to-day challenges may require your attention.
Do You Have Flexibility in Your Day Job? Flexibility is key. If you have a job that allows you to step away when needed, then managing a franchise could be a great fit. But if you're in a highly structured or monitored environment, such as teaching or a job with strict hours, it might not be the best option.
For example, teachers or individuals in roles with inflexible schedules might find it challenging to manage a business alongside their primary responsibilities. Even remote workers who spend their day on Zoom calls may struggle to find the time to effectively oversee a business.
How to Know if Franchising Is Right for You The best way to find out if franchise ownership can work with your job is to evaluate opportunities based on your time commitment and responsibilities.
Ready to explore your options? Get in touch with me and I’ll help you determine if there’s a franchise match for your needs. Plus, I'll guide you through the due diligence process to ensure that the franchisor’s requirements align with your schedule.
Take the next step toward owning your own business today!
Franchise Specialist | Matching People to Businesses | Career Transition Specialist | DFW & OK Franchise Expert
2 个月So many options in franchising!
Need cash? USA Money here for your business! ?? ?? ??
3 个月I agree and "don't quit your day job" is wise! It is so much easier to get lending with W2. We have assisted borrowers to obtain unsecured money to acquire their franchise many times. Thanks Sara Waskow ??