A familypreneur is an entrepreneur who runs a business with his family. This means their business decisions are made while considering their family’s needs, and by considering how their enterprise affects their loved ones. A familypreneurship is born from a deep consideration of the opportunity available, and what limitations or expansion of the family dynamic that such a mercantile operation might impose on their lives. One thing is certain, familypreneurs always put their families first. This from Top Five Business Models for Entrepreneur Families which was written up in the Toronto Entrepreneur’s Blog in October 2014.
While there are many paths leading to the decision to own a business, and to striking out on one’s own to be an entrepreneur, the path to familyprenuership is always intriguingly different. It usually comes as a solution to a massive life problem, for example, chronic unemployment, a painful divorce, or forced migration to another country etc. But sometimes the business decision is born out of the realization that their lives are not fulfilling, and their careers are not be leading them to where they want to go in life.
Here are the top five familypreneur franchise business models, measured in terms profitability, scalability and quality of life.
Open a Family Owned Retail Store
Buying a retail stores with the intention of providing meaningful employment for everyone in the family is the number one choice of new Canadians who become defacto familypreneurs to better adjust to this society. In many cases they have just survived a Grape-of-Wrath style life altering journey, and so now the demands of managing a general store in Canada seems easy by comparison.
An increasingly popular choice in franchises are dollar stores, and Canadian dollar stores
in particular are popping up more and more which is a sure sign that people are doing well in the model. Also becoming more and more prominent are Bulk Barns, Party Max, and 7-11 stores. These retail chains all advertise on the internet to find applicants, and in their brochures they stress quality of life and employment for the whole family. The 7/11 store owner program in particular makes it very easy to manage this complicated retail venue by providing daily, weekly and monthly checklists to follow and phone numbers to call for further guidance.
Become a Compact Refreshment Centre Operator
You’ve seen vending machines that are absolute life savers for hungry people waiting in hospitals, automotive repair centers, airports and shopping malls, have you ever wondered what it might be like to own such a machine? or ten? or two hundred? Anywhere there’s a safe, sizable, reputable waiting room you’re sure to find a vending machine filled with tasty snacks. Depending on the branding and the products inside, stocking that machine could be a family business.
Families that stock their own compact refreshment centers and who work together every day, enjoy great lives together with lots of personal freedom. They only have to work a few hours a day, and because they work with each other they feel more connected to their families than any of their neighbors do, because of their shared responsibility and social interaction within their circle, sharing their circle’s perspective with the community at large
The Compact Refreshment Centre program offers a sensible way to start and grow a business that yourself and your family can enjoy for future decades. Becoming a successful Compact Refreshment Centre Operator
will change your life and bring a mental, physical and financial security to decisions – it fuels bigger and even more lucrative daydreams
There are lots of jobs for family members of all ages in a CRC venture, including accounting, buying food (dry goods to stick the machine), the labour of stocking machines, collecting the coins, and sorting the coins and then rolling them up for the bank are all jobs for eager teenagers. The term “Familypreneuring” has been recently popularized by John and Michelle Humphrey of Familyprenuering.com
. Based out of San Diego, CA. the couple have created a webinar and ebook on the subject.
Open a Frozen Yogurt Franchise!
Frozen Yogurt is a dessert made with yogurt and sometimes other dairy products. It’s more tart than ice cream, and is lower in fat content. For whatever reason, North America’s hunger for frozen yogurt has become insatiable, and stores that specialize in serving this food stuff have become very popular in the 21st century shopping mall-scape.
Buying such a franchise, although it does have some seasonal limitations depending on the location, can be a very profitable venture over the long term, simply because the ingredients are so cheap to procure and customer satisfaction is so high. The staff requires very little training, and the stores tend to become social hang-outs for teens with lots of money to spend on other things. And because frozen yogurt products taste delicious. they can become synonymous with ‘good times’ forming very positive brand experiences. The restaurants there’s always a job for everyone in the family; even the youngest children can distribute flyers, prep vegetables and wash kitchen equipment.
Buy a Food Delivery Franchise
In the shadow of bio engineered food, plague and pestilence, the Canadian organic food industry has grown at a rate of 300% since 2006, making it one of the fastest growing segments of the economy. As more people become aware of the dangers of conventional farming practices, the demand for access to clean, safe, chemical free food has absolutely exploded.
A rapidly expanding service sector in the internet age is the grocery delivery business. Lots of consumers find it ultra convenient to be able to go online and customize a grocery order for immediate delivery rather than take two or three hours to go there themselves.
Organic’s Live is an organic food delivery business
that was founded by a group of concerned dads who believe communities can eat good food that has been produced with environmental, health and economic stewardship at the fore. They market food that has been grown free of chemicals and in harmony with its surroundings. There are several food delivery food franchises businesses to choose from, but the demand for organic food is higher because obtaining certified organic commodities is usually only possible at organic markets or at traveling farmers’ markets which are hard for working parents to find and effectively access.
Start a Niche Service Business
If you walk through any residential neighborhood in any city in Canada during business hours, you will spot many different service businesses at work in other people’s homes. There are various trucks painted different colours with ladders, tools and machines doing eavestrough cleaning, driveway sealing, snow removal, grass cutting etc and these are some of the less imaginative examples. Many different types of cleaning businesses are available as franchises now, and people specialize in cleaning ventilation ducts, carpets, drains, vegetation, pools … An office cleaning business may not be exactly glamorous, but it can be very profitable.
This quote is from a testimonials on the Molly Maid website’s franchise page
, “As my children were growing older, I felt it was time to return to the work force. I wasn’t interested in working for someone else, so I started looking at the possibilities of buying a Franchise. I wasn’t interested in working evenings and weekends, and wanted something I could operate out of my house.”
This above quote reads like a textbook example of a familypreneur at the starting point, making a decision to put the people they love foremost in their lives while they work for success.
These are the Top Five Franchises for Familypreneurs and although they are all very different, they are all rather similar in one respect: the founders don’t necessarily want to get rich, but rather they just want to be their own bosses, and savor the thrill of making it, or breaking it in the real world alongside their families, working in business as a team.