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3 Franchise Investment Options:
Which One Is Right for You?
Want to own a franchise and manage everything? You can do that. Want to own a franchise but don’t want to be there all the time? You can do that too. Want to own a franchise and just hire people to run it while you do something else, like vacation to Spain because you feel like it? You can absolutely do that.
A franchise gives you the freedom to run it the way you want. It also gives you the freedom to invest in it any way you want. You can fund a franchise using multiple sources of capital, such as your 401(k), Roth IRA, SBA funding, among many other options. Read on below to find out which franchise investment option is right for you.
If you want the freedom, revenue, and fulfillment that comes from investing in a franchise,
you can get started with any of the 3 franchise investment options below.
Owner/Operator
Being an owner/operator is the type of franchise investment most people think of when they think of investing in a franchise. You would be responsible for all the day-to-day operations and decision-making. You would oversee all the hiring and training. And you would have control over all aspects of the business.
This would be a greater time commitment than other investment options, but the startup costs could be much lower since you’d be handling most of the managerial functions yourself.
If you want to change your career, stop working a boring 9-5 job and be your own boss, then this is your best option - especially if you have less capital to invest right away.
Executive
Being an executive franchise owner is the complete opposite of an owner/operator. You would be responsible for hiring all the employees to run your franchise. But that’s about it. You wouldn’t be involved in the day-to-day operations. You don’t necessarily need any industry knowledge. And you can maintain your current job. This also allows you to invest in multiple franchises with ease.
The downside is that it may cost more upfront and you have to make sure that the people you hire are reliable. Other than that, this option is perfect if you want to diversify your investment strategy. Many investors fill up 90% of their portfolio with stocks and bonds - assets that they have little influence over. A franchise investment allows you to truly diversify your portfolio while having the ability to influence and direct the outcome of your investment in your favor.
Part-Time Owner
Being a part-time owner/operator is a mix of full-time and executive ownership. You would be responsible for setting forth the business strategy, staying on top of reports, and hiring staff to manage the day-to-day operations. You would be required to work around 10-15 hours per week to make sure everything is running smoothly. Apart from that, you’d have the freedom to open numerous franchises and scale your investment.
Being a part-time owner/operator is great if you want to break away from your current career but don’t want to commit 100% to this new venture. If you want to diversify your income, build equity, and have meaningful input in your investment with a minimal time commitment, then going part-time is the right choice for you.
So What Type of Franchise Owner
Will You Be?
If you don’t know yet, don’t sweat it. There’s plenty of time to figure it out. For now, we’d just like to get to know you. You can take this quick 5-10 minute quiz that reveals exactly what type of franchise owner you are, and what type of franchises you’re best suited to own and operate. It’s your “business profile.”
After you take the quiz, we’ll get to work finding the top franchises that match your profile specifically. Best of all, our services are completely free. From finding franchises for you to helping you close the deal.
