People like fantasizing about the type of business they hope to have one day. Continue dreaming!
My recommendation to you is that, regardless of your purpose for owning a business, THE KEY is to select one that allows you to do three things:
1. It corresponds to your time commitment:
a. Will this be a full-time engagement? (40+ hours each week)
b. Will you do this on the side of your job and hire a manager? (10-20 hrs/wk)
c. Do you want to be completely hands-off? (1-2 hours each month)
2. It corresponds to your intended role in the business = THE BUSINESS MODEL:
a. Owner/operator of a business on a daily basis
b. Manage the manager(s) – semi-absentee
c. Absentee investor
3. It leverages your skillset:
a. People skills to interact with employees and customers, business mindset
b. People management and leadership, business smarts – executive management
c. Executive management, investor experience
Naturally, the individual must meet the financial requirements of any franchise.
Important Note: The less of “you” there is in a business, the more of your “money” is in a business.
Book a confidential conversation with me to discuss which business model works best for you and your financial position by clicking the yellow button.
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Here’s to your wealth,
