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Can You Become A Part-Time Franchisee?

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Can You Become A Part-Time Franchisee?

By FranchiseKing, Guest Blogger
Published: July 3, 2012 Updated: January 3, 2013

Is it possible to find a legitimate franchise opportunity that only requires a few hours a week to run? And, if you do find a part-time franchise, can you make enough money for it to be worth your up-front investment, and of course, your time? Let’s find out.

First off, it’s important for you to be able to distinguish a true franchise-type of business, from a non-franchise business.

In most cases, franchise ownership offers:

·       A proven business system that’s easy to replicate

·       A formal training program

·       Proprietary software and technology

·       Marketing and advertising tools and systems

·       A support team

·       Formal and lengthy contracts

·       Protected territories

Non-Franchise Businesses

Business Opportunities, or Biz Opps, as they’re sometimes called, aren’t very structured when compared to a franchise business. You won’t usually find territory restrictions with a business opportunity, and there are no royalties.*

In addition, the total investment amount is usually less than a franchise business.

While there may be training, and even some marketing tools, the support structure isn’t as tight as it is with a franchise business system.

(It's not because purveyors of Business opportunities are mean-spirited people that they don't supply a tight support structure. It has to do with the business model; in a Business Opportunity, the investment amount is collected up-front. There’s no royalty-stream coming in that could support a lot of well…support, in this type of business set-up.) 

There’s another type of non-franchise business that’s worth mentioning here; Network Marketing businesses. Also known as MLM’s (Multi-Level Marketing) these businesses are almost always marketed as “Part-Time Opportunities.”   

There isn’t enough space here for me to go over all the pros and cons of a Network Marketing business. Suffice to say, there’s a plethora of information available, including an article I found over at FTC.Gov that defines Network Marketing businesses in easy to understand terms.

 Part-Time Franchise Opportunities

While the thought of owning a franchise that doesn’t require a full-time commitment may be appealing to you, the reality is that there are very few franchise concepts around that fall into that category. Most franchises are designed to be owner-operated, with the owner on the premises.

But, if you do have your heart set on investing in a franchise that can allow you the flexibility to not be there all the time, know this; you’ll probably need deep pockets. That’s because most of the franchises that tout things like “flexibility” in their marketing methods are multi-unit ownership opportunities.

In addition to the promise of flexibility that several franchisors offer their franchisees, there’s another option offered in the franchise marketplace that may also have a nice ring to it for you. Ready?

How would you like to keep the job you have while you start a franchise business?

Right off the bat, it’s very appealing, cash-flow wise. That’s because if you can keep your day job while launching a new franchise business,* you’ll have cash coming in-via your paycheck, and that can really give you some breathing room.

To summarize, if you have a pretty sizeable net worth, want a lot of flexibility, and like the idea of maybe being able to keep your current job while your new business launches, there are opportunities available in the franchise marketplace.

*Non US-Government links

More resources

An Overview of Franchising- SBA.Gov

5 Franchise Tips From SCORE

 

 

 

About the Author:

Joel Libava

Guest Blogger

The Franchise King®, Joel Libava, is the author of Become a Franchise Owner! and is a franchise ownership advisor. He shows people how to carefully choose and properly research franchises.   

Comments:

Thanks a lot for stopping by, reading my post, and commenting.   If you're a franchisee of a legitimate franchise, look on your franchise contract.   Territory info is always spelled out.   Also the SBA team has now made it possible to subscribe to my articles as they get published.   Here's the link to it-  http://www.sba.gov/community/blog_contributors/1651/rss.xml    The Franchise King® Joel Libava  
I was just wondering, how do you always come up with good franchise ideas? What's the secret behind? How do you know what consumers are looking for especially for business adventurers?
Thanks for all the great info! It seems as though that "franchise" and "protected territory" is no longer what it used to be. I have had territory disputes in the past and it seems like there is no proper legal language in NC as to contracts / territory that the NC general assembly has ever reconciled. Great article though, I enjoyed it :)

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