5 ms·
Are there any viable franchises that are hands off? Like you put in the investment, hire manager(s) and earn revenue as the owner without having to invest a lot
by neuro_image3 7y ago
Are there any viable franchises that are hands off? Like you put in the investment, hire manager(s) and earn revenue as the owner without having to invest a lot of time on the day to day operation?
- ficklepickle 7y agoOh man. That's a loaded question. Short answer no, long answer noooooooo. With years of work you might get close. Finding good people and aligning incentives so you retain them is not easy. Most franchisees that try and be hands-off from the start crash and burn. Which makes sense, really. If it were a lucrative passive investment, the franchisor would just throw some money at it and keep all the profits.
- adwww 7y agoTim McGraw manages this in The Blindside. That man hasn't done a day's hard work in years.