Posts Tagged ‘absentee ownership’

Exhausted franchisee

You fed up working for others and have called it quit. With your cash in hand, you set your sight focused on a mission: being a successful entrepreneur.

You revved up, and despite of all the worries and negative comments on you quitting your job, you are start looking for a business to invest in, simply because you feel you don’t have enough experience in starting out yourself. One logical choice you have found: franchising.

You are excited, ready to take the most promising franchise today. You learned that it only took you $20,000 to start with $2,000 projected net profit – 10 months to ROI?…

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Win-win solution

A conventional wisdom on franchising says that absentee ownership is not ideal in running franchise units; Therefore, most franchises offer franchising opportunities that do not allow absentee ownership. Perhaps they should think about allowing absentee ownership, as it presents a win-win solution for both franchisee and franchisor.

Absentee ownership means owners who are not physically present on-location to manage their franchise unit’s daily operation.

Non-absentee ownership requirement is justified due to the fact that franchisors need to maintain franchise operation quality standard across their franchisees, and to achieve this, they require non-absentee franchise unit owners. Of course, there are some exceptions, such as in semi-automatic franchises, e.g.…

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