The franchise owner-operator model, one of several ownership options in franchising, is worth exploring for many reasons. Let’s take a look at its advantages.
Definition of the Franchise Owner-Operator Model
As an owner-operator franchisee, you’ll have a central role in running the business. You’ll be “hands on” when it comes to day-to-day operations, sales, and marketing. But many owner-operators also hire employees to help with service delivery and other aspects of the business.
A Full-Time Career
It’s usually difficult to maintain other employment when you’re a franchise owner-operator. You’ll spend much of your time managing and working on site in the business. While you will put in long hours to grow the business, the hard work and perseverance is essential for success.
Owner-operator franchisees typically have a great degree of control over the way the franchise functions. You’ll be central to all functions of the business. But you can also hand-pick a team of support staff and employees to assist. And through close supervision, you can ensure that your business runs the way you see fit.
Comprehensive Training and Support
As with other franchise models, the franchisor will provide the training and support you need to successfully operate your business. A quality training program will address the higher-level functions of building a successful franchise, but also the hands-on aspects of the job (e.g., how to run the equipment).
The franchise owner-operator model requires a lower level of financial investment than the executive-owner and semi-absentee owner models do. As an owner-operator, you don’t need to hire a high-salary manager. That money goes right back into business.
If you’re passionate about hands-on participation in the growth of your franchise, the owner-operator model may be an excellent choice for you.