Absentee Owner Franchise Businesses
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There are several different business models that may fit your lifestyle and business goals 1 Full Time Part Time “Semi-Absentee” Absentee
description
I can help you explore various business options, define your goals and needs, and match you with businesses that meet those criteria using a fact-based approach.
Transcript of Absentee Owner Franchise Businesses
There are several different business models that may fit your lifestyle and business goals
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Full TimePart Time
“Semi-Absentee”Absentee
Full-Time Business Ownership
On-site, leading and managing the day-to-day
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Full Time
But what about alternatives?
While Full-Time business ownership is the first that comes to mind, it isn’t the only way…
Especially if you are thinking…. I love my job and don’t want to quit, but
something on the side might help fund my retirement
I have a lot of commitments with the kids, sports and PTA
I’m not sure that I can let go of a regular paycheck until the business gets ramped up
I love adventure and hard work and I can do it all…with some good help!
We’ve got some cash to invest and business will return more than traditional saving alternatives
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Part-Time Business Ownership
Off-site, leading the strategy. Hiring staff to manage the day-to-day
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Part TimeBusiness
Ownership
What is a Part Time Owner? An individual who wants to
continue their employment either full time or part time.
Someone who can oversee the business up to 25 hours per week possibly with the help of a spouse.
Someone who only wants to work in the business up to 25 hours a week
Someone who is interested in having incremental income and build equity.
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Absentee Business Ownership
Off-site, leading the strategy. Hiring staff to manage the day-to-day
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Absentee
What is an Absentee Owner?
An owner who is not involved in the day-to-day operation of the business.
Usually has a manager who oversees the business.
Supplemental income and equity appreciation of the business
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Most common characteristics
The owner may have full time employment.
The owner may have another business that they devote their full or part time attention to.
Someone who wants to earn incremental income and build equity in having another business or number of businesses.
Someone who wants to invest in business ownership versus other investments to achieve their financial goals.
The owner may live in another geographic area.
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Diversify
Income Stream
Build add’lEquity
Keep job…Family canrun it
Start small& evolve intoFull-Time
Is Passive ownership possible?
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Yes, absentee or semi-absentee is possible…
It is done by individuals and corporations every day.
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Even NFL players….
Will Herring
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Position: Linebacker Teams: New Orleans Saints and Seattle Seahawks
Status: Active (Saints)
Company: Herring took advantage of the recent NFL lockout to launch Herring Fitness, a 24-hour gym in Auburn, Alabama. The automated gym, which members access using PINs, employs two full-time staff members and several freelance personal trainers.
Eddie George
Position: Running back Teams: Houston Oilers, Tennessee Titans, and Dallas Cowboys
Status: Retired in 2005
Company: Two years before leaving the NFL, George founded the EDGE Group, a landscape architecture and design firm that serves commercial developers, municipalities, and schools. The 17-person firm has offices in Nashville and Columbus, Ohio.
A lower risk option because most people maintain their full time job.
For example the owner can open one unit and then additional units in the future.
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Many franchisors’ business models are set up exclusively for the absentee or part time owner.
Many individuals find that they have a much higher rate of return on absentee business ownership than other types of
investments because…
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Higher returns… It is a proactive versus reactive
investment It has greater potential for return
than the unstable stock market. It has greater return than the volatile
real estate market Profitability on a monthly and yearly
basis along with equity appreciation Investment levels generally run from
$100,000 to $350,000.
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And here are just a few examples
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The Entrepreneur’s Source (TES)
Small business coaches; franchise expertise – 230 offices nationwide
Educate those considering business ownership
Coaching - help clients explore self employment options; stay focused on goals
Bring the right fit businesses to clients-95% of our clients discover options they would have not considered on their own
Use education, assessments and on line business courses19
"A coach is someone who tells you what you don't want to hear, who has you see what you don't want to see, so you can be who you have always known you could be." - Tom Landry, Coach – Dallas Cowboys
How we work with you:
95% of our clients discover options that they would not have explored on their ownNo cost for our placement coaching services
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