Manage-the-manager. This is the most frequent business model request I get from people who are looking for an exit strategy from the corporate world. They want to keep their steady paychecks coming in while they launch a new venture to transition to.
Does this business model exist in franchising? Yes, it does.
How prevalent is the manage-the-manager business model in franchising? About 10%.
Most franchises have the owner/operator business model which requires a full-time commitment on the part of the business owner.
Why is this?
The owner puts his or her own money on the line and is the economic engine of the business. This is the simple genius of the franchise business model. The franchisee is awarded territory and is provided training and support in executing a proven business model. What the franchisee brings to the table are his or her skills in creating culture, building and leading a team, and managing the business by the numbers.
These skills are needed whether the owner has a full-time or a part-time role. I’d argue that the leadership and people management skills must be strongest with the part-time, manage-the-manager business model since the business has to run on a daily basis without the full-time involvement of the owner.
Since most franchises require a full-time commitment of the owner, how do you find out which franchises can be run semi-absentee? Give me a call and let’s discuss your situation and determine if a franchise even makes sense for you. If it does, we’ll build your custom business model based on your preferences as an owner. Then I’ll do extensive research on franchises to search for matches.
Maybe you’ll be like Karan who quit his corporate job last month and told me, “I’m doing this.” It’s just a matter of finding the right franchise that fits his requirements. If you are ready to be in control of the money you make and create generational wealth, reply to this email asking for a time to speak. Let’s talk soon!
May you be wildly wealthy in all areas of your life,
