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Can You Start a Business AND Keep Your Day Job?

by Mark Cory

There are many people out there that dream of owning their own business, but never make the leap. They believe they would need to walk away from the comfort of a regular paycheck, and maybe even health benefits, if they want to make that dream of business ownership a reality. Here are a couple questions to ask yourself to see if you fit that bill.

  • Are you satisfied with your current job, or are just not able to make the financial adjustment of leaving it at this time?
  • While still employed, would you like to build a longer-term income stream and equity, as an additional layer of retirement security and/or an opportunity to step into the CEO role of your OWN business at some point in the future?

If you answered yes to either, then SEMI-ABSENTEE ownership is a great option brought about by franchising, that is attractive to individuals in your situation.

Semi-absentee franchise offerings generally require individuals to devote 10 and 20 hours a week to working ON the business, allowing them to maintain the financial comfort that their day job brings. It’s a great way to achieve success in certain franchise models, allowing the owner to hire staff to run the day-to-day operations, while they focus on both general management and big picture growth – all while they keep their day job. Semi-absentee franchises can also be a great way for EXISTING business owners to diversify their income stream, phase out of their current business, or set-up a family member in a new business.

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Mark Cory offers professional consultation and education on franchising to those interested in becoming owners of businesses. He may be reached at mcory@frannet.com. 


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