What is an Executive Franchise and How Do I Find One?
Are you tired of climbing the corporate ladder? Is a lack of job security causing stress and anxiety? Open your mind to the possibility of an executive franchise.
As a business owner, you gain the autonomy to steer your enterprise toward financial success, directly reaping the rewards of your hard work. An entrepreneurial path has the potential for significant financial returns and offers a level of flexibility and personal fulfillment that is often elusive in corporate America. A survey conducted by LinkedIn revealed at least 61% of workers were planning to leave their current job in 2023. By transitioning to business ownership, you can achieve a better work-life balance and create a legacy that aligns with your personal and professional aspirations.
An executive franchise, often referred to as a semi-absentee franchise, offers an opportunity to leverage your business experience in a new, entrepreneurial setting. Learn more about the benefits of a white-collar franchise and why it might be the perfect fit for senior executives seeking a new path forward.
Understanding the Executive Franchise Model
An executive franchise is a business opportunity tailored for individuals with experience in corporate or executive roles. It is designed for people who are accustomed to making business decisions, managing teams, and driving growth. Unlike traditional franchises that may focus on retail or food services, white-collar franchises typically operate in professional sectors like staffing, consulting, or financial services.
Your corporate experience sets the foundation for success in a professional-franchise environment. To thrive in a white-collar franchise, you need strong leadership abilities and a knack for problem-solving. Experience in managing budgets, leading teams, and understanding market dynamics is also beneficial. The flexibility and autonomy of running your own franchise means you can strike a healthier work-life balance, a luxury often unattainable in high-pressure corporate roles.
Yet, running a franchise differs significantly from being an executive in a large company. As a franchise owner, you are at the helm, making key decisions that directly impact your business’ success. When you become your own boss, it is a big shift from being a part of a larger corporate structure.
White-collar franchises span various industries, but common examples include staffing agencies, business consulting firms, financial advisory services, and technology solutions providers. These types of brands allow you to apply your business acumen in a new context.
The AtWork Advantage for Executives
Staffing franchises, in particular, are an excellent match for entrepreneurs with executive experience. The industry demands strategic planning, an understanding of labor markets, and the ability to build strong client relationships — skills all honed in the corporate world. Staffing is a service-oriented sector that benefits from the leadership and people-management skills of a seasoned executive. At least 64% of staffing employees work in the industry to fill in the gap between jobs or to help them land a job, and nearly 40% of staffing employees work in higher-skilled occupations, according to the American Staffing Association.
AtWork stands out as a top choice in the staffing industry. It offers a proven business model that aligns with the skills and experiences of senior executives. As an AtWork franchise owner, you can leverage your corporate background to build and grow your staffing business, backed by the support and expertise of a recognized brand in the industry.
For an initial investment of $153,500 to $210,500, AtWork franchise owners get the training, support, and guidance of a brand with more than 30 years of experience in the staffing industry. The average unit volume (AUV) for an AtWork franchise was $4,252,016 in 2022.*
AtWork allows you to capitalize on the growing demand for staffing solutions across various industries. Open roles are costing businesses money, and they are turning to staffing agencies to fill the gaps in a tight labor market.
The staffing industry’s resilience and growth potential provide a solid foundation for a profitable business venture. AtWork is charting a course for expansion, adding eight locations in 2023 The company also had a 10% increase in sales revenue in 2022 versus the prior year. AtWork has experienced 10+ consecutive years of double-digit growth, with a goal to reach more than 300 locations and $1 billion in sales by 2029.
Learn More About AtWork
Channel your corporate experience into a rewarding entrepreneurial venture. If you are a senior executive seeking to chart a new course toward financial independence and personal fulfillment, get started to learn more about AtWork.
*This is a historical representation of what some of AtWork’s franchised agencies earned, as described further in Item 19 of the FDD.