Starting a Franchise Company is not easy, but running a regional franchising company can be an extremely rewarding career as a master franchise of a larger franchise corporation. What is a Master Franchise? Well it is a Franchisor who licenses to sell franchises in a region, country, state or continent.

Let us say I take one of my franchising companies and brand names and then decide to allow another company to take all my work, brand name and business model and then franchise it for me in a specific territory? For instance what if I took my DetailGuys.com franchise and sold you the rights to set up these franchises in WA, OR, ID, MT and WY?

You would then sell and set up these franchises and we would split franchise fees at a 60-40% split. Then you could be a franchisor without having to design the business model from scratch and own and control a chunk of the brand name. This is an exciting career because it allows you to run a large company with many outlets in many states. It provides you with travel, excitement and challenge.

Once you have worked hard you would have something very nice to sell to provide you with a decent retirement and it would all be based on your ability to run a franchising company. So, is this an offer to sell you the master rights to that region? No, actually it is not, as it is not for sale, but, it is a really good example of what a career as a Master Franchise might entail. Consider all this in 2006.

Lance Winslow

Currently Lance is retired at age 40 and is running an Online Think Tank Forum while traveling North America. Perhaps considering something extremely challenging to do that will exercise his mind and utilize all his experiences, observations and skills. Any ideas?