You know, every now and then I do entertain the thoughts of earning some side income while still being a SAHM.
I mean, if I do have the means to start my own business, I might look into the possibility of doing so with the various franchise opportunities available in the market now.
Now what is franchise? According to Wikipedia: "Franchising is the practice of using another firm's successful business model"
Of course there are a lot of things to be considered before taking the leap into franchising world - such as:
- Does the business model fits your requirements?
- How much time and effort you can put into the business?
- What other resources you need to put into the business: staff, supplies, etc etc
- Do you have enough fundings or capital to start and maintain the business?
There are many more factors to be considered and thought through for sure. But I think with thorough research, the risks is definitely less compared to starting a business from scratch. At least by going through the franchise opportunities, you can immediately start running your business on an already successful business started earlier by someone else.
What are your thoughts on franchise opportunities?
** Disclosure: This post is in association with Workingmums. All thoughts, opinions and words are 100 % my own.