A semi-absentee franchise is a great option for anyone who needs the security of a regular job and paycheck while they are building their business. Some franchisees dream of leaving the daily grind of their job once they build their business, while others may love their job and wish to do both. Whatever camp you find yourself in, there are some important things you need to remember while you are starting your semi-absentee franchise business.
Understand your motivation for starting your franchise
Do you dream of being your own boss? Is your franchise in an area that you are passionate about? Do you simply need more challenge in your life? Understanding your motivation will help you to keep pressing forward, especially when times start to get tough or stressful.
Make a commitment
Even if your semi-absentee franchise is just part-time, you have to remember to treat it as a business and not as a hobby. That means you must set aside time to operate your business and work on making it a success.
Running a business and working at a job can feel overwhelming at times. Be prepared for this and have a plan as to how you are going to handle the extra demand for your time.
Where do you see your franchise a year from now? How about in five years? How much would you like to be earning? Would you like to own multiple units? Take small steps each day that will help you accomplish these goals.
If you are planning to quit your job, when are you planning to do so? Set a date and work backwards from that date and figure out what you’ll need to do between now and then to make that a reality.
Invest in yourself
It can be easy to get so immersed in working on your business that you forget to work on yourself. Spend time reading to improve your knowledge of your industry or of business in general. Start or join a mastermind group or find a mentor.
If your franchisor offers additional training in the form of courses or webinars, be sure to take advantage. The more time you spend investing in yourself, the more successful you are likely to be.
Do your day job with a good attitude and positive outlook
Even if you are planning to eventually leave your day job, it is important to have a positive outlook while you are there. Being negative will only drain the much needed energy you’ll need when you are running your semi-absentee franchise.
Running a semi-absentee franchise while keeping your day job isn’t an easy task, but it can be a rewarding one. With a little planning and a willingness to take things step by step, you can build a successful business and still collect that regular paycheck.