From little acorns grow great oaks and this is true for many entrepreneurs. Many businesses are started from home as an experiment, a hobby, to satisfy a curiosity or as a serious business venture and grow from there. In fact, Apple was started in the garage of Steve Wozniack and grew from there to become one of the most recognised and revered brands in the world.
Starting a business part time from your own home can offer you the flexibility of starting small and growing from there without the worrying overheads of office rental and staffing and you retain the choice of remaining in secure employment whilst spending your free time on your new business.
Of the 300 franchise and business opportunities listed on Franchise Direct, exactly one half (150) of these opportunities offer the potential franchisee the option of operating the franchise part time.
It is a commonly held belief that part time franchising is also franchising for stay at home mums, but with such a wide variety of part time opportunities available, almost anyone can find a concept to suit them which they can operate part time.
With the property crash, the male population has been the most affected by increasing unemployment figures, and as a result, the franchise industry is looking towards providing opportunities suited towards the male saturated unemployed population. However, because of a lack of funding, starting a business can be a financially invalid option for many. Remaining in paid employment if possible and starting your own business part time is a very wise decision.
Part time franchising can also offer households with a much needed additional income during lean periods. There are many benefits to doing this including the added income, the chance to try out the market before going it alone on a full time basis, as well as your own growth as a business owner while the business is still small rather than diving in the deep end. In fact, some franchisors encourage new franchisees to begin their business on a part time business to easy cash flow during the difficult early months and then enter full time operation when the business has grown.
Examples of Part Time Franchises
As mentioned before, a huge number of franchises today offer part time options. Some of the more successful and “workable” part time franchises can be in retail distributorship, which can easily be worked in the evenings and at weekends, and for current business owners, taking on a distributorship relevant to your industry can add to your existing business, for example taking on the licence to carry out an exclusive hair removal method in your existing beauticians business.
Other viable part time franchises include kids’ party franchises can be operated at weekends and online business franchises which can be operated in the evenings and weekends.
With the obvious benefits of course comes the stress of working in paid employment as well as on a new business venture, however if the business grows to become an enormous success then it will all have been worth the while and if not? Part time franchising can often work out cheaper than full time so the initial investment at risk is a lot lower and you can fall back on your paid employment salary if needed.
To explore the options available to you in part time franchising, why not visit our directory of part time franchise opportunities.