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1851 Growth Club
What Does Semi-Absentee Franchise Ownership Mean?
These franchise models allow you to own a business without committing to it full time.
Semi-absentee franchise opportunities are a great way for franchisees to make additional income while maintaining any business operations, or spend more time on the things they love.
Contrary to popular belief, semi-absentee franchise ownership does not mean running a full-time business on a part-time basis. It means owning a franchise without requiring franchisees to commit to it full time. While still responsible for aspects of behind-the-scenes executive functions, semi-absentee owners of franchises will not have to be physically present on location everyday.
There are plenty of brands that offer this type of franchise model. From restaurants to hair salons and home services, there is no shortage of options to choose from. However, not every franchise opportunity offers a true semi-absentee structure. It is important to find one that provides ample support to create a profitable business while still focusing on other business operations.
How It Works
There are several things that go into running a successful semi-absentee franchise business. For instance, you will need to hire, train and oversee reliable managers. These managers will hire other workers, provide quality customer services and manage the day-to-day operations.
Ensuring that you hire a trusted and talented individual who will be the operator of the company should be a top priority, so you can focus on executive duties and other responsibilities.
When it comes to the duties of semi-absentee owners, they can choose how much they will involve themselves. Typically, this ranges from about 10 to 15 hours per week. These owners often choose to manage the finances of their franchise, plan the development and growth, and be in contact with the franchisor.
The Benefits
One of the top benefits of semi-absentee ownership is that franchisees can own a franchise while keeping their day jobs. It also allows you to start a side business to earn extra money or diversify your investment portfolio. For many investors, this model also helps them support themselves while enjoying retirement.
Additionally, investing in a semi-absentee franchise is a way to build a growing business. You can invest in multiple territories and increase revenue without having to take on as many hours as you would typically have to.
Semi-absentee franchise ownership is a great way to get many, if not all, of the benefits of ownership without an extreme time commitment.
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*This brand is a paid partner of 1851 Franchise. For more information on paid partnerships please click here.
