Joel Libava
Wouldn’t it be nice to have some part-time income coming in from a part-time business? Of course it would.
The real question is this; can it be done?
Can you find a legitimate franchise opportunity that only requires a few hours a week to run? And, if you do find an opportunity to own your own part-time business, can you make enough money for it to be worth your up-front investment, and of course, your time?
Now, it’s not realistic to think that you’ll be able to buy a restaurant franchise and work in it part-time. The exception would be if you purchase something big like an area development opportunity. In that case, you’d probably work in the actual restaurant early on, but then you’re role would be one of finding new franchisees and locations. It still wouldn’t be part-time, though.
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You could invest in a top multi-unit franchise, and maybe even keep your job while things ramp up. It’s definitely possible, because in certain franchises, you’d have a manager in place, running the show for you. But, again, it’s not part-time, because you’re working at your full-time job. Eventually though, it could become semi-part-time.
That sure sounds like the perfect franchise situation, doesn’t it? Unfortunately, it’s just not realistic for everyone that’s looking for a franchise to own. Multi-unit opportunities usually have an investment that’s on the hefty side.
There’s one alternative to part-time franchises, and maybe it’s one that you can explore. What if there was a franchise business that offered a lot of flexibility? Would that be appealing to you?
Lots of prospective franchise owners that I consult with bring up flexibility as one of the things they’re looking for in an opportunity. There are franchises around that offer lots of flexibility. Would you like to see one?
A Flexible Franchise Business
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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