Should you consider multi-unit franchise business ownership?
If you are thinking of becoming the owner of several units...several businesses, really, you'll have to look at risk vs. reward.
Not only will you have to take a hard look at your finances, you'll have to try to get a grasp of what your role will be as a multi-unit franchisee.
What is your vision?
Do you see yourself as being a good multi-tasker? Can you picture yourself running not one-but several different operations at once?
Would you be good at it?
Multi-unit franchise ownership is very different than one unit franchise ownership. You may feel that you don't have as much control, for one. That's because you really can't see all of your franchises at once.
On the flipside, the financial rewards can be good.
Just make sure that you know what you'll be doing as the owner, and be prepared to work really, really hard.
You could come out a winner.
For more information on multi-unit franchising, read this franchise article.