Part-time franchises are a great choice for people who want to work for limited hours or run a business on the side while holding on to their “main job.” There are many franchises that do not require a set schedule or weekday commitments. As a matter of fact, a wide range of franchise opportunities can be designed to help you earn money while working part-time.
As with any franchise, you have to look for a business that will be interesting to you and suit your working style, but there are many exciting part-time options in the following categories:
Mobile Franchises. Since these types of businesses do not require a physical store, you can run them from the comfort of your house and decide the hours when you will be available. Whether you choose a home cleaning service or tree service, you can schedule appointments to match your days of availability. With the support of the material producer, a franchisee can come up with estimates and schedule installations on the days set aside for operating the franchise.
Consultant & Business Broker Services. A lot of franchises in this category are personal services, where the franchisees interact one-on-one with clients. You can schedule meetings after your working hours or on selected days. For example, if you choose Blue Moon Estate Sales, you can open sales on weekends or every other week based on your preference. If you operate coaching and training services, you can schedule a training program first and then look for those who will attend and participate in the training.
Home-Based Franchises. If you are one of those who worked from home during the pandemic, you may want to look for how to make money this way on a permanent basis. Examples of businesses that you can run from home include vending franchises and most service-related franchises. You can also specialize in selling existing franchise businesses if you would like to familiarize yourself with different industries.
Advantages of owning a part-time franchise
Most of the people who want to operate a part-time franchise are doing it for personal reasons. Maybe you want to spend more time with your family or keep your present job until you are sure how well a franchise business will work for you. Aside from helping you reach these goals, running a part-time franchise offers the following benefits:
- Economic advantages
Having your own business or an extra income source can leave you in a better position in case you lose your main job due to an economic recession. And while the economy is trying to bounce back, you will already be able to enjoy the benefits of growth.
- Lower operation costs
Part-time franchises require a lower amount of money to run, and you will also spend less on product inventory in the initial stage of the business – that’s if there is any inventory at all.
- Opportunity to start small
Operating a part-time franchise gives you the chance to try things before investing all your time (and probably all your money) in one project. And if the business works out as expected, you can then jump all in and run it full-time.
- More time for vacations and personal pursuits
Seasonal franchises, such as insect control services or tax prep companies, operate at a particular time of the year. When you operate part-time, you will have more time for vacations (or can even run a complementary seasonal franchise) during the business’ quiet time.
Regardless of your reasons, part-time franchising can benefit your wallet and offer you career options in both the short and long term. Figure out the best ways to reach your financial and personal goals, and a part-time franchise will work out fine for you.
