Are you looking for a way to achieve the lifestyle you deserve and start investing in your future? Do you desire to grow financially and still continue with your current career? Do you want to be the CEO of your own small business or create another stream of income? If you answered yes to any of these questions, then you should consider investing in a semi-absentee franchise business.
A semi-absentee franchise business has a structure from the franchisor that allows you to not be involved in the day-to-day operations of the business. Instead, you hire a manager who oversees the franchise business. The manager manages the staff, the customers, and the quality of the service or product. You, as the franchise owner, are responsible for managing the manager and ensuring your business meets its goals and targets. The franchisor integrates this management level into their operations planning in order to make you more successful.
Benefits of Investing in a Semi-Absentee franchise business
There are many benefits of investing in a Semi-Absentee franchise business, especially if you have a full-time job or other commitments. Here are some of the reasons why you should take this opportunity:
Keep your day job.
Investors can keep their job and generate additional sources of income. The successful passive franchise owner keeps their primary day job in addition to personal lifestyle that fits the needs of their family and interests. The semi-absent franchisee hires proven managers to manage the daily operations of the business.
Stay focused on scaling your business.
This model lets you stay focused on scaling the company into a multi-location or multi-territory enterprise. The franchisor offers robust technology, operational systems, and ‘Support’ for you and your team in order to execute strong in your community. With a modest investment of resources upfront, your future franchise should deliver relatively hands-free income for the right investor. The most valuable asset the owner brings is the ability to manage and motivate a team! Additionally, as the business grows and gains profitability, the owner can choose to remain in their career or join the business full-time.
Balance your work and life.
You don’t have to sacrifice your personal or professional life in order to run your business. You can delegate the tasks and responsibilities to your manager, who will handle the daily operations of the business. You can focus on your full-time job, your family, your hobbies, or anything else that matters to you. You can also enjoy more flexibility and freedom in your schedule, as you can work from anywhere and anytime.
Smartest way to secure your future.
You don’t have to rely on a single source of income or a single employer. You can diversify your portfolio and create multiple streams of income with a Semi-Absentee franchise business. You can also build equity and wealth in your business, which you can sell or pass on to your heirs. You can also benefit from the tax advantages and incentives that come with owning a franchise business.
Steps to Consider when Choosing a Semi-Absentee Franchise Business
It may seem obvious to keep your job and build equity in a franchise business at the same time. But, you need to understand what is required of your before you make your decision when choosing a semi-absentee franchise business. Speak to a good number of owners and get a sense as to the level of involvement they are experiencing with their franchise brand. Be confident that you can meet the requirements of the business you are considering. An executive model is all about inspecting what you expect! Receiving great coaching during this discovery process can be invaluable to you in order to make a decision that is right for you and your family.
Tips For Successful Semi-Absentee Ownership
Semi-absentee equals Semi-Involved as a part-time owner and therefore the business ownership is ‘Semi-Passive’ because the business is ran by a manager.
- Semi-involved ownership does not mean “passive ownership”
- Semi-absentee does not mean ignoring the human side of taking care of people – employees and customers. As the owner, you must lead your team and ensure everyone is following the system.
- Hire a sales/business development managers with strong drive that are competitive, optimistic, and a high achievers. You’re screening for winners that enjoy a scorecard versus managers that might just be driven by money!
How to Start Planning for Your Future
With 30+ years of experience as an entrepreneur and multi-unit franchise owner, I understand the importance of making strategic investments for a secure future. By investing in a semi-absentee franchise business, you can start building a passive income stream while continuing to work your day job. This allows you to diversify your income sources and work towards financial independence.
As you can see, investing in a semi-absentee franchise business is a great way to achieve the lifestyle you deserve and to start investing in your future. You can enjoy the rewards of owning a business without the daily hassles of running it. You can also take advantage of the expertise and support of the franchisor, who will help you succeed in your venture.
Learn More About Franchise Opportunities
If you are interested in learning more about the semi-absentee franchise business opportunities, let’s chat. There’s never a cost to you for my services nor is there an obligation to buy. I can help you find the best franchise that suits your goals, budget, and personality. Contact me today and let’s get started on your journey to financial freedom and personal fulfillment. It’s time to start building the future you deserve.
Scott Diener - MBA, CFC
