The Semi-Absentee Franchise Owner: Myth or Reality
When owning a franchise doesn’t need to come at the cost of your current job
Leaving behind the relative certainty of a corporate job that offers income security, health benefits, and 401K matching contributions is a very hard decision. There is real risk in putting your livelihood on the line. But what if there is a way to do both? What if there was a way to pursue your entrepreneurial dream of building a business as an asset that you control, while maintaining your current cash flow via a job.
The answer lies in the franchise business model. In the article “Buying a Franchise: It’s all about you” I wrote on 1/17/14 on Bizquest.com, I identified various business categories and their characteristics. More so than the other business categories, two particular business categories lend themselves to a semi-absentee approach: Retail and Sophisticated Retail.
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