{"id":2722,"date":"2013-09-24T08:01:20","date_gmt":"2013-09-24T12:01:20","guid":{"rendered":"https:\/\/www.franchisesolutions.com\/blog\/?p=2722"},"modified":"2019-05-23T08:38:07","modified_gmt":"2019-05-23T12:38:07","slug":"tip-tuesday-things-consider-becoming-absentee-owner","status":"publish","type":"post","link":"https:\/\/www.franchisesolutions.com\/blog\/2013-09\/tip-tuesday-things-consider-becoming-absentee-owner\/","title":{"rendered":"Things to consider before becoming an absentee owner"},"content":{"rendered":"

\"man-on-phone\"<\/a>When you hear the term \u201cabsentee owner,\u201d a picture of a venture capitalist in a three-piece suit might come to mind, but that isn\u2019t always the case.  Former business owners, first time moms and retirees all have purchased franchises and become absentee owners as well. So, whether you are seeking a business you can operate from afar or at home here are some things to consider before becoming an absentee owner:<\/p>\n

    \n
  1. Analyze the company’s Uniform Franchise Offering Circular, which determines if the franchisor allows absentee owners.<\/li>\n
  2. Think about the service or product you\u2019ll be offering. Some franchises require more hands-on attention than others.<\/li>\n
  3. Think about your personal preferences. Are you comfortable delegating responsibilities to management? Are you the type of person who likes to know what is going on at all times? Or maybe you like to offer that personal touch and greet customers with a handshake and oversee top notch customer service.<\/li>\n
  4. Weigh the benefits and cost of hiring a general manager against the time you\u2019d be contributing in their place.<\/li>\n
  5. You\u2019ll need to understand the function of every position in the franchise and how to perform the duties with each position.<\/li>\n
  6. Keep in mind that you will still want to protect your investment by checking on its progress and success by reviewing daily financial reports to make sure the \u201cregisters balance\u201d so to speak.<\/li>\n<\/ol>\n

    If you\u2019re interested in purchasing a franchise and\/or becoming an absentee owner of a franchise, please visit Franchise Solutions<\/a> to help with your search.<\/p>\n

    Franchise Solutions is the Internet\u00b4s foremost medium for connecting with qualified, prospective franchise buyers. Delivering online sales leads since 1996, the company has an established track record of helping franchisors achieve their development goals, with an unwavering commitment to generating maximum return-on-investment (ROI) for our advertising clients.<\/p>\n","protected":false},"excerpt":{"rendered":"When you hear the term \u201cabsentee owner,\u201d a picture of a venture capitalist in a three-piece suit might come to mind, but that isn\u2019t always the case.  Former business owners, first time moms and retirees all have purchased franchises and become absentee owners as well. So, whether you are seeking a business you can operate… Read More »<\/a>","protected":false},"author":2305,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[547],"tags":[],"class_list":["post-2722","post","type-post","status-publish","format-standard","hentry","category-be-your-own-boss"],"yoast_head":"\nThings to consider before becoming an absentee owner<\/title>\n<meta name=\"description\" content=\"When you hear the term \u201cabsentee owner,\u201d a picture of a venture capitalist in a three-piece suit might come to mind, but that isn\u2019t always the case. \u00a0Former business owners, first time moms and retirees all have purchased franchises and become absentee owners as well. So, whether you are seeking a b\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franchisesolutions.com\/blog\/2013-09\/tip-tuesday-things-consider-becoming-absentee-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Things to consider before becoming an absentee owner\" \/>\n<meta property=\"og:description\" content=\"When you hear the term \u201cabsentee owner,\u201d a picture of a venture capitalist in a three-piece suit might come to mind, but that isn\u2019t always the case. \u00a0Former business owners, first time moms and retirees all have purchased franchises and become absentee owners as well. So, whether you are seeking a b\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.franchisesolutions.com\/blog\/2013-09\/tip-tuesday-things-consider-becoming-absentee-owner\/\" \/>\n<meta property=\"og:site_name\" content=\"The Franchise Solutions Blog\" \/>\n<meta property=\"article:author\" content=\"http:\/\/www.facebook.com\/kerry.crocco.1\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-24T12:01:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-23T12:38:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.franchisesolutions.com\/blog\/wp-content\/uploads\/2013\/09\/man-on-phone-300x300.jpg\" \/>\n<meta name=\"author\" content=\"Kerry Crocco\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kerry Crocco\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n","yoast_head_json":{"title":"Things to consider before becoming an absentee owner","description":"When you hear the term \u201cabsentee owner,\u201d a picture of a venture capitalist in a three-piece suit might come to mind, but that isn\u2019t always the case. \u00a0Former business owners, first time moms and retirees all have purchased franchises and become absentee owners as well. 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