Franchise Ownership Models:
Owner-Operator (Non-Absentee)
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Description:
Owner runs the day-to-day operations; typically no staff.
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Time Commitment:
Full-time.
Owner-Manager (Semi-Absentee)
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Description:
Responsible for overseeing the daily operations of the business and managing others. Over time, owner hires a manager and this will allow them to back their way out of the business and become a Semi-Absentee owner.
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Time Commitment:
Inititially, full-time involvement with transition to part-time, when business is in stride.
Executive Owner (Absentee)
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Description:
Perfect for employed executives and/or entrepreneurs with other business ownership interests. Often utilized as a diversification strategy for an investment portfolio by including business ownership as a revenue stream and as a method for asset accumulation.
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Time Commitment:
Average 15 hours a week. Presence on premises not required for "brick and mortar" models.