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Start a Business While Keeping Your Job?

Enjoying the freedom of owning your own business has become the new American Dream. That feeling you get every morning when you wake up and realize you don’t have to report to a boss, because you are the boss, is second to none. 

But before you get to realize that dream, you need to go through the pangs of answering the one big question: can I afford to quit my job and start a business?

It’s true…starting a business can be expensive. Startup costs can include research, buying or renting a brick-and-mortar space, marketing materials, hiring employees, uniforms, and more! Also, the hours, days and months that it will cost you before you even start seeing a paycheck. And then there’s the stats that tell you the high failure rate of new small businesses. It can be overwhelming.

What if you could keep your job, and start your own business while continuing to collect your regular paycheck? Sounds appealing, right?

The opportunity is out there. It’s called “semi-absentee ownership”, and many business owners are putting it to good use.

Plenty of franchises are set up to allow the owner to run their business from a distance. They hire managers and employees who can operate while the owner is away at their regular job. The owner can be as hands-on or hands-off as they wish. This type of opportunity offers a very flexible work schedule, as well as the potential for creating a passive income stream.

Let’s also talk about one of the biggest advantages of buying a franchise. It is a pre-built business in a box! The setup, the marketing, the education, the support…it’s all there for you. The franchisor wants you to succeed and will do everything they can to help you do just that.

Can you imagine fulfilling your dream of businesses ownership without risking your current income level? This can be an amazing chance to do just that while choosing your own level of commitment.

What steps are involved?

Research

Find the franchise opportunities that offer semi-absentee opportunities and learn if any of them match your passion.

Costs

Discover the costs involved. Find out if you’ll need financing to purchase your franchise.

 

Contact

Contact the franchisor, and ask, ask, ask away! You can’t ask too many questions before buying a franchise. It’s a huge step in your life, and the franchisor wants to know if you’re a good fit for them, as well!

Now, those three steps seem simple, but in reality, can take a lot of time to tackle. A simpler way is to just find a franchise consultant you can trust, and they guide you from A-Z. It’s their job to make sure you are doing the right thing for you. 

Are you sitting there right now, dreaming about your new business? It’s a dream that’s closer than you think to coming true.

Want to learn more about franchising? Marshall Reddy can help you! Contact him at 502-530-0143, or email mreddy@frannet.com.

By |2019-08-26T19:29:54+00:00August 26th, 2019|Categories: General|