Franchising

You could become a leader and innovator of your chosen franchise, taking it to new areas. You could help to train new people and help them set up their own franchises, for which you would be rewarded with a share of their profits. But all this takes some management skill and requires you to invest some money as well as time and effort in the franchise.

As an area developer, the franchise would give you a designated area in which to set up your franchises. In turn, the franchise will train you in how to help others set up their franchises and run them successfully. A successful area developer will have the vision of an entrepreneur, able to spot the opportunities where franchises will run well, and the strategies that should be used to make the highest profits.

You will need to have a proven track record at setting up and running franchises. After all, if you can't run one yourself, you can't really tell someone else how to run a successful franchise, can you? You should be able to generate revenue and further the franchise, spreading its name to a wider geographical area and upholding the integrity of the franchise.

The upside, apart from the thrill of knowing that you helped set up franchise outlets and helped people get their own profitable businesses, is that you get to share in the royalties. That can bring in a steady stream of income for you which is almost passive, once the immediate hard work of holding a new franchiser's hand through the initial set up stages is past.

You could become a leader and innovator of your chosen franchise, taking it to new areas. You could help to train new people and help them set up their own franchises, for which you would be rewarded with a share of their profits. But all this takes some management skill and requires you to invest some money as well as time and effort in the franchise.

As an area developer, the franchise would give you a designated area in which to set up your franchises. In turn, the franchise will train you in how to help others set up their franchises and run them successfully. A successful area developer will have the vision of an entrepreneur, able to spot the opportunities where franchises will run well, and the strategies that should be used to make the highest profits.

You will need to have a proven track record at setting up and running franchises. After all, if you can't run one yourself, you can't really tell someone else how to run a successful franchise, can you? You should be able to generate revenue and further the franchise, spreading its name to a wider geographical area and upholding the integrity of the franchise.

The upside, apart from the thrill of knowing that you helped set up franchise outlets and helped people get their own profitable businesses, is that you get to share in the royalties. That can bring in a steady stream of income for you which is almost passive, once the immediate hard work of holding a new franchiser's hand through the initial set up stages is past.