Black Money Business Jobs : 5 Part-time Franchise Opportunities for Your Side Hustle (Don’t Quit Your Day Job)

Liberty

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Get your feet wet in business ownership or gain additional, passive income through franchises

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Becoming your own boss is a big draw for people to consider franchising. However, not everyone is ready or even wants to leave their full-time job to start a business. Oftentimes, people would like to start something on the side to get their feet wet in business ownership before doing it full time, or do so simply to have additional, passive income on the side. There are franchise opportunities that fulfill this need.


For the passive revenue streams, it’s important to have a realistic expectation about how much the income potential is. They won’t make you a “thousandaire” overnight! For those who are part-time in particular areas, such as consulting, these jobs tend to yield revenues higher than what most would classify as passive income. However, again, because it’s a part-time effort, one can’t expect the income to rival that of a full-time business. Another benefit to investing in a part-time franchise is that many of these don’t require royalty fees because they are business opportunities, as opposed to traditional franchises.

Whether passive, part-time, or full-time, it’s imperative that you do your due diligence. Be sure to speak with current and past owners and make it a point to meet the franchisor and the support team in person. Also, be sure to have an attorney review the Franchise Agreement, to ensure that you know what you’re agreeing to.

Here are a few recommended passive, part-time franchise opportunities to consider:

Read more

http://www.blackenterprise.com/smal...-for-your-side-hustle-dont-quit-your-day-job/
 

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