Semi-Absentee Franchise Ownership Allows FranNet Clients to Keep Their Day Jobs While Building a Future
FranNet Helps Match Franchise Candidates with Flexible Opportunities That Require Fewer Than 20 Hours Per Week.
LOUISVILLE, Ky., Aug. 6, 2019 /PRNewswire-PRWeb/ -- FranNet, North America's leading agency for expertly matching individuals with franchise ownership opportunities, currently works with 180 franchise brands, many of which accommodate semi-absentee ownership models. This type of franchise has a more flexible time commitment, allowing owners to continue working a job they love—or are gearing up to leave—all while building a prosperous future for themselves.
"There are many scenarios that make semi-absentee franchise ownership a perfect fit for individuals who want to keep their day jobs," said Jania Bailey, CEO of FranNet. "Someone may want to get their business up and running so that it's waiting for them when they retire. Another person may want to leave the corporate world, so they work to get their franchise's cash flowing before they quit."
Because semi-absentee ownership requires a minimum of 10 to 20 hours per week of the owner's time, franchisees are able to work with their burgeoning franchise business in the evenings and on weekends.
"Franchise prospects should also do their homework. They should verify that current owners are achieving the semi-absentee situation they are hoping to bring into their own lives. They should talk to people to get a feel for the number of hours they are spending before they commit," recommended Bailey.
FranNet then takes candidates through a rigorous process to match them with potential businesses, prioritizing current and desired lifestyle, as well as skills and interests. One client who went through this journey is Sheetal Guttigoli, a software program and product manager and semi-absentee owner of a Club Pilates location in Redmond, Washington.
"I enjoy what I do for a living, but the tech industry is not just a 9-to-5 job," said Sheetal. "I wanted to run the business from a semi-absentee role, but what that really means is that you work your day job and tend to the franchise during the off hours. Because there are lots of details to keep track of, I've had to train myself to keep on top of tasks. But it's still a great feeling, knowing that I'm building something of my own on the side."
Bailey says that successful semi-absentee owners are multi-taskers who recognize the importance of being available to the manager of the franchise. "At the end of the day, there's no such thing as a hands-off business," she said. "No one is going to care about your investment as much as you do, so ensuring you have the proper checks and balances, management and reporting in place will make all the difference."
ABOUT FRANNET
FranNet is North America's most respected leader in matching individuals with franchise ownership opportunities. Founded in 1987, FranNet has more than 100 experienced consultants across the United States, Canada, and Germany. FranNet uses a proprietary profiling and consultative process to determine a business model unique to each client's goals, skill sets, and interests and has matched thousands of prospective business owners to rewarding small business franchise opportunities. Headquartered in Louisville, Kentucky, FranNet is the only locally-owned and operated franchised consulting firm.
SOURCE FranNet
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