If you’re looking for the perfect franchise business for you, you need to know the 3 unique types of franchise ownership. I highly recommend listening.  

Let’s  emphasize today certain important points, especially from a franchise business ownerships view. Here we go….

Why Do You Need To Know The 3 Types of Franchise Business Ownership ?

Being able to find the right model matters when searching for any franchise business or even when you’re just planning to do so.  

There are specific patterns that make up the positive franchises. This is what we want to focus on, that’s for sure. 

If you’re truly serious about achieving success as a franchise owner, there are three (3) types of franchise ownership that you need to look into, so you could fully decide on the plan,  before you jump into spending time, energy, and resources on a franchise.

3 Types of Franchise Ownership You Should Know

1.) Owner-operator franchise 
2.) Semi-absentee franchise
3.) Executive owner franchise 

Let’s go through each one of them, so you can have a detailed look. Afterward, you can evaluate which of the three (3) types you would like to pursue as an aspiring franchise owner. 

1. Owner-Operator franchise

Example: Staffing business

When the system feels right for you, your attitude towards your franchise business will make a big impact. This is true if you’re the kind of person who has a dominant personality. Choosing an owner-operator franchise is the right franchise ownership model for individuals like this. 

An owner-operator franchise often runs as a single unit. In most cases, it doesn’t require a huge amount of investment to start. For instance, there’s no big salary for a manager. Why? You’ll be a central part to operate the business, so the work demands you to spend a lot of your time working on site. 

Not only does it require you to hustle and do the daily grind, such as handling the day-to-day operations, sales, and marketing, but you’re also expected to mentally prepare. When you choose this type of ownership, it demands a great deal of winning mindset and perseverance to thrive. 

Nonetheless, an owner-operator franchise attracts many aspirants to give it a shot. It is primarily because there’s a lower level of financial investment needed from the beginning. So, if you’re truly passionate about being hands-on and being ok working alone from time to time, this type of franchise ownership is perfect for you. 

2. Semi-Absentee Franchise

Example: Fitness brand franchises, cleaning franchises, and fast-food franchises

Unlike the owner-operator franchise business ownership model, you don’t spend the whole working hours to make this work for you. 

Nowadays, remote working has been increasingly popular as a cost-effective measure. So, you can hire as many talented professionals from everywhere in the world easier without wasting more time and money.

If you’re the type of person who doesn’t like to give up a professional career, for example, a semi-absentee franchise is a perfect choice. However, your initial investment might be a little higher, as you’ll be hiring employees to run the operations.

Another point you need to consider is the demand for strong skills in management and operations. That consequently leads you to take a careful look into your previous personal, educational, and professional backgrounds. You need to evaluate your decisions based on what you see in yourself from a bird’s eye view.  

The good thing is, as I mentioned earlier, you don’t need to give up any hobby or a career for the sake of the business for three (3) reasons. 

• Firstly, you manage the manager. 
• Secondly, you can open multiple franchise businesses at once because of the management skills you have.
• Thirdly, the franchise often provides the necessary training for your staff. 

This model, you get to prepare the amount needed for the investment, the large majority of the training is often provided by the franchise per se. For the overall operations, all you need to do is to manage all the managers working for you at hand.

3. Executive Owner Franchise

Examples: Businesses offering B2B services

Among the three, the executive owner franchise requires more than just a winning mindset and an excellent management skill set. Unlike the two (2) other types, you function more like a CEO than just a founder. 

Aside from that, you also have to take note that this option requires a much higher cost as an investment. As the name suggests, your responsibilities encompass managing all the tasks only handled by, of course, an executive. 
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That means your daily routine will include managing multi-units, managing financials, developing strategies, executing a marketing plan, leading a team, and most importantly, creating a vision. 

Despite the costs, choosing the executive owner franchise is a great option if you’re looking for opportunities to expand, or if you’re living in rural areas. And the best thing about it is that you’re giving yourself a big chance to own a franchise within your city. 

Wouldn’t that be amazing to start a pioneering franchise business ?

Final Thoughts

Let's pose a question….Between the three (3) franchise ownership types, namely: an owner-operator franchise, a semi-absentee franchise, or an executive owner franchise, which one do you prefer? 

Please don’t hesitate to give us a call. Call us at 425-300-6900, we’ll help you figure out which one of these match up with your work history, personality, and goals. 

The point is, we’re here to help you find the best model that fits you. Based on what I’ve seen in action among successful franchise businesses, considering the model that matches up with your goals helps find the perfect business without compromising what you truly love to do as a franchise owner.