As corporate layoffs continue to shape the market landscape in the U.S., many individuals are looking to make the shift from traditional employment to business ownership. The decision to own a business is a major undertaking, but can be especially intimidating for those with limited knowledge of the franchise space. Navigating the industry’s laws, regulations, and practices can be difficult, especially with so many franchisors offering different products and services. Within the world of franchising, semi-absentee franchising offers the potential to own a business with a more flexible schedule than traditional franchising, making it an increasingly appealing opportunity to consider. If you’re looking to explore the world of semi-absentee franchising, the International Franchise Professionals Group (IFPG) is here to help.
The IFPG helps aspiring entrepreneurs find and invest in a semi-absentee franchise by points them in the direction of their perfect business fit. Our mission is to promote integrity, ethics, and collaboration in franchising, and our team of experts have the experience and knowledge to guide those looking to make the jump to business ownership. If you’ve identified semi-absentee franchising as an ideal fit for your goals and objectives, there are a few key pieces of information and questions you should consider before making your next move.
What Is a Semi-Absentee Franchise?
A semi-absentee franchise, as its name implies, allows you to own and operate a business without necessarily needing to be present and hands-on with your operations. As a semi-absentee franchisee, your primary role is to make key decisions and provide oversight and guidance as needed from a distance. Semi-absentee franchising is ideal for those with other major time commitments – such as a corporate job – since the business operation and day-to-day responsibilities are managed by other team members.
What Are the Benefits of Semi-Absentee Franchising?
One of the primary benefits of semi-absentee franchising is the increased flexibility it offers for those looking to make a major career change. Without the multi-day training and ongoing “on-the-job” training required by many traditional franchise contracts, semi-absentee franchising can offer a more straightforward entry into business ownership. Semi-absentee franchising also offers the potential to generate income outside of your main career as you remain hands-on as needed. A semi-absentee business model might also be more feasible and sustainable for those seeking an alternative to traditional business ownership that may not be compatible with their lifestyle.
Who Would Benefit from Semi-Absentee Franchising?
Semi-absentee franchising could be the perfect fit for many aspiring entrepreneurs looking for a more flexible, less-costly option as they scale out of traditional employment. People who are in the corporate world, have a side business, or want to make a major career change may find the semi-absentee model ideal. If you have a demanding job or family obligations, semi-absentee can offer you a way to own a business that won’t detract from important responsibilities.
How to Find and Invest in a Semi-Absentee Franchise
The IFPG’s franchise brokers are experienced and knowledgeable in the franchise broker industry. By working with one of our members, you’ll be able to identify types of franchises that fit your budget, goals, and objectives while giving you the opportunity to ask questions and uncover potential opportunities that might not be on your radar. The IFPG’s expertise and resources can help those interested in exploring semi-absentee business ownership understand the industry, its nuances, and ways to maximize a semi-absentee business model.
The IFPG processes can help you make an informed decision on the best semi-absentee opportunity for your goals. At IFPG, we uphold a family-like atmosphere and a collaborative culture. Once you decide to invest in semi-absentee franchising, our team of professionals can help you determine the best franchisor fit for you, the funding sources, and the steps required to grow your business safely and ethically.
In the end, semi-absentee franchising is a viable alternative to traditional business ownership, and the IFPG can help you explore the right semi-absentee model for you. Whatever your current circumstances – from working full-time to looking for a major career change – our team can help you determine the best semi-absentee fit.