Part Time Franchise Opportunities
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Franchise trends are pointing to an upward turn for part time franchises.
For instance, more and more people are investing in franchises that allow them to keep their current job whilst building up their new business. This trend is becoming popular because the first year of business is usually the time period when there is no income flowing in, and it is helpful to have a steady salary.
The second trend in franchising are low cost franchises, that are also generally home based. Often, these can also be pursued part time.
And of course, there is a trend toward franchises for women, as there are over 620,000 women-owned businesses in the UK and the number is constantly growing. Part time franchises also fall into that category.
Unlike full time franchises, part time franchisees work an average of 12 to 20 hours a week. That leaves room for spending time with family and friends as well as pursuing other hobbies and passions. This is the option that individuals wanting to maintain a work/life balance often choose.
Generally, part time franchises are chosen by individuals who are looking for a supplemental income. The trade-off for working part time is that the earning potential is not as high as a full time franchise. Often, part time franchises allow their franchisees to work from home, saving them a commute. This is especially attractive to stay-at-home parents.
Research shows that part time franchises are consistently popular among female franchisees. This is attributed to the fact that women returning from maternity leave or with young families want to stay home whilst also achieving a second income. Males franchisees are said to choose part time franchises so they can also pursue education or leisure time.
Part time franchises are also attributed to being low-cost and low-risk, as it gives you all the benefits of a full-time franchise, but without all the overhead costs associated with a more involved business. If you can identify with any of the criteria listed above, explore a part time franchise opportunity!