Many franchises utilize an executive model. As the owner, you will lead and manage a team of employees. The employees are delivering the specific service to customer. You may be in charge of the administrative functions or hire a manager. Most importantly, sales and marketing will be your driving force to grow your business.
Many home-based franchises utilize the executive franchising model. The owner will employ experts in the industry, schedule their appointment and create a very professional environment assuring the customers satisfaction. Tutoring, home improvements, senior care, after school programs, maids, some financial services, nannies,and delivery services all may have some form of an Executive Franchise.
Aspiring franchise owners who excel at motivating and mentoring others are drawn to the executive model of business ownership. Although you will be relying on your team to oversee the details of fulfilling product or service needs to your customers, you will still be highly involved in the day-to-day operation of your franchise.
Ultimately, as you delegate management functions you will have more freedom and could become an absentee owner.
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