Hey CatsIllustrated friends!
First a shout out to last month’s winner @PowerK! Thanks for playing everyone!
Ok, onto the February Franchise of The Month Contest….As a reminder, there are 2 contests each month to have a little fun. Here they are:
1) Guess the Franchise of the Month – winner gets 3-month sub comped by MyPerfectFranchise.Net
2) Guess something or say something so funny about said Franchise of the Month/Post and get 3 months comped*
*MPF has full subjectivity over this but can be swayed by comments and likes... but mostly comments.
Ok... so time to have so much fun and learn a little bit in the process (hopefully!)
February Franchise of the Month
1. No Employees!!! Who doesn’t love that!!!???
2. Semi-absentee ownership model, but really more absentee than semi-absentee. This means 10-20 hours a week is necessary and keeping your day job is possible.
3. Brick and Mortar – big footprint of 4k-6k sq ft... which also means...
4. Higher start-up costs (500k-1MM)
5. Totally revamping their industry as professionals that work there make more money and become business owners rather than employees Day 1 – if they have a customer base.
6. Health, beauty, fitness type industry... not going to get specific there as it would give it away
I love this concept because the model has been proven over and over and might have the highest success rate of any concept in the franchise industry. I have over 100 employees in just one of my businesses, so no employees is a beautiful thing! The big negative is it's a big brick and mortar footprint which means high start-up costs and at least 12 months to get open due to lease negotiations and build-out. Great news is the commercial real estate opportunities are increasing by the day right now and this business is one that Amazon/IT can never replace!
So, whatcha got for me????
First a shout out to last month’s winner @PowerK! Thanks for playing everyone!
Ok, onto the February Franchise of The Month Contest….As a reminder, there are 2 contests each month to have a little fun. Here they are:
1) Guess the Franchise of the Month – winner gets 3-month sub comped by MyPerfectFranchise.Net
2) Guess something or say something so funny about said Franchise of the Month/Post and get 3 months comped*
*MPF has full subjectivity over this but can be swayed by comments and likes... but mostly comments.
Ok... so time to have so much fun and learn a little bit in the process (hopefully!)
February Franchise of the Month
1. No Employees!!! Who doesn’t love that!!!???
2. Semi-absentee ownership model, but really more absentee than semi-absentee. This means 10-20 hours a week is necessary and keeping your day job is possible.
3. Brick and Mortar – big footprint of 4k-6k sq ft... which also means...
4. Higher start-up costs (500k-1MM)
5. Totally revamping their industry as professionals that work there make more money and become business owners rather than employees Day 1 – if they have a customer base.
6. Health, beauty, fitness type industry... not going to get specific there as it would give it away
I love this concept because the model has been proven over and over and might have the highest success rate of any concept in the franchise industry. I have over 100 employees in just one of my businesses, so no employees is a beautiful thing! The big negative is it's a big brick and mortar footprint which means high start-up costs and at least 12 months to get open due to lease negotiations and build-out. Great news is the commercial real estate opportunities are increasing by the day right now and this business is one that Amazon/IT can never replace!
So, whatcha got for me????
