Business Idea Part-Time Franchise Ownership

geschftsleben Idea Part-Time verkaufskonzession OwnershipCredit Vasin Lee/Shutterstock Entrepreneurship is enticing for many people, but not everyone wants to start from the ground up or has an idea to create a geschftliches miteinander from scratch. Joining a franchise and running a branch of someone elses business can be a great step through the entrepreneurial door without the hassle and stress of starting at the very beginning.However, full-time konzessionsverkauf can be a lot of work and take a lot of time, which is why more franchisees are signing on with parent companies offering part-time konzessionsverkauf opportunities. Two companies that currently offer part-time franchise opportunities are ABC Do-Re-ME, a music education program for children, and Maui Wowi, a company that sells Hawaiian coffees and healthy fruit smoothies. Ellie Greenberg, who founded ABC Do-Re-ME in 2009, began franchising her company to give mothers like herself the opportun ity to make extra money while still having plenty of time to spend with their children. Looking for a more affordable franchise? Here are some you can own for less than $100,000. Maui Wowi has been offering franchise opportunities for 20 of the 35 years it has been in business, and currently has over 200 full- and part-time franchisees. Mike Weinberger, a former franchising attorney and CEO of Maui Wowi, said that many of the companys part-time franchisees begin with the goal of making their franchise a full-time job. Regardless of your schedule, its important to remember that franchise ownership is a big commitment.Even if youre part-time, dont take it lightly, Weinberger advised. Do your due diligence, and dont make any decisions until youve gotten all the information you can.Editors note Considering opening a franchise? If youre looking for information to help you choose the right one, use the questionnaire below to have our sister siteprovide you with information from a variety of vendors for freeOther companies offering part-time franchises include Jazzercise, Club Z Tutoring and TapSnap. If youre considering franchise ownership, here are a few things to keep in mindFranchising laws vary from state to state. Do your research, and make sure your chosen franchiser is in compliance with your home states policies.Application and training processes are required for all franchisees if you apply for a franchise, dont expect to be up and running tomorrow.While you will have a certain amount of flexibility, you are expected to follow the parent companys business model and retain a consistent brand image.Federal franchise regulations require the parent company to provide a disclosure document outlining its fees, investment, and bankruptcy and litigation history to the franchisee. This is as much to protect you as it is to protect the company You have the right to know everything about the business youre joining.Devan Kline, CEO and co-founder of boutique womens fi tness franchise Burn Boot Camp, said that being a part-time franchisee isnt for everyone.If youre not historically great at multitasking or you lack leadership skills, I would strongly suggest keeping your focus to full-time franchise ownerships, Kline said. If youre a mover and shaker with strong leadership skills, monumental belief systems, and the bring it on, Ill make it work mentality, you may consider owning a franchise part time.Kline told Business News Daily that the difference between a full-time and a part-time franchisee is really a difference between an operator and an owner, respectively.An operator usually pours everything they have into this one store, Kline said. Youre operating the business and are very hands-on. This person usually has an extreme passion for the franchise system theyre getting into.An owner, on the other hand, doesnt need to be in the store every day because they have the capital to bring on staff and the ability to lead them to success. Kline note d that this person usually has multiunit aspirations and a proven track record of success.This is the only way a franchise is run successfully on a part-time basis, Kline added.Kline suggested that eignung franchisees should ask themselves who they want to be in order to help them decide between full-time and part-time franchising.Visit Business News Dailys franchising guide for more information.Additional reporting by Nicole Fallon. Some source interviews were conducted for a previous version of this article. Jill Bowers Jill Bowers is a technical writer by day and a fantasy author by night. She has more than 10 years of writing experience for both B2C and B2B content, focusing on topics like travel writing, consumer finance, business marketing, social media marketing and other business categories. She spends an inordinate amount of time singing love songs to her dog, composes handbell music and writes YA fantasy novels. 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