The phrase semi-absentee ownership gets a lot of attention in franchising.It sounds appealing.Own a business. Keep your career. Hire someone else to manage the day-to-day operation.That model does exist.But “semi-absentee” should never be confused with no involvement.You’re Still the OwnerEven with ...
Read MorePeople sometimes picture franchise ownership beginning with a grand opening, customers walking through the door, and the owner standing proudly behind the counter.Day one usually starts much earlier than that.After signing a franchise agreement, there may still be plenty to do before the first ...
Read MoreOne of the first questions people ask about franchise ownership is:How much does it cost to buy a franchise?The answer varies widely — and the franchise fee is only part of the picture.A franchise may have a $40,000 franchise fee but require $150,000, $300,000, or more to actually open the ...
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