Bosses should remember that they're in charge and calling the shots, Pipes says. This means all employees and managers will be turning to them for answers. Operational issues, profitability, policies and procedures will also be their responsibility.
Sole owners and operators will also handle communications with the franchisor, and should be prepared to dedicate a good amount of time to the business, at least at first. The good news is that the time commitment and involvement needed from the owner will decrease as the business becomes more successful. Pipes says those who have the skills, discipline and desire to take on a franchise as an individual "can enjoy the power and reap the rewards."
For those who are interested in owning a franchise but don't want to leave their current jobs, there are opportunities available. In its list of franchise ownership myths, Entrepreneur magazine said a large percentage of franchise owners are passive instead of being full-time investors.
Liberty Tax Service CEO and Founder John Hewitt has brought over 3000 franchisees into the franchise industry through the two tax companies he founded.
"It is our goal to continue to offer an affordable chance at the American dream of business ownership to all enterprising persons who are ready to embrace our proven Liberty operating system, and be aggressive competitors in this industry," said Liberty Tax Service CEO and Founder John Hewitt. "Franchisees can opt to keep their day jobs or not as they build equity in their own Liberty Tax franchises."
The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.” Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!