In 2009, Tim Ferriss wrote the book The 4-Hour Work Week. The premise was how to make a lot more income while working a lot less time (this is a complete oversimplification, but you get the drift). I have read the book and there are some great tidbits of advice, especially on productivity. Before and after this book, there has been a treasure trove of literature written around the concept of earning more while working less. This year alone I have had over 200 calls with people interested in franchising with Monkey Bizness and I can confidently say, this is the only book I have heard referenced multiple times.
It is human nature to be attracted to the simple things in life. American’s love watching their TV and in part, that is because it is simple. As my father, and many other people say “If it is easy, everyone would do it”. If there was a secret to doing making money without working for it, my guess is you wouldn’t be able to read it in a book on sale at Amazon for $14.21. With no disrespect to Mr. Ferriss, it is hard to make a lot of money. It is even harder to do it in 4 hours a week.
During conversations with many of those 200 people, I often get asked how many hours a week someone can expect to work in their Monkey Bizness. As an indoor playground franchise, there is a notion that you just set up the equipment and people show up. Whether it be Monkey Bizness, a pizza shop, or a shoe store, part of the formula for success is the same. Those owners that are committed to their business and willing to pound the pavement every day will have a higher rate of success than those that don’t. I often tell franchisees that there return on investment is directly correlated with the time spent on their business.
This is not to say that you need to work 80 hours a week in your store. You might, but I would be lying to you if I said any current Monkey Bizness owners are doing that on a regular basis. I know a few different successful multi-unit owners who spend little to no time in their multiple stores in a given week. At this point, you might be thinking to yourself, “that contradicts everything you just said”. Well….most of these multiunit owners spent a lot of time in each store as it got up and running. They now spend time managing their managers. Some spend the majority of their week marketing. Some spend that time in operations. The point is, these owners still spend the majority of their time working on their business.
Owning a business is a blast, but it is also a lot of hard work. If someone is telling you otherwise, then ask yourself one question, “If this is that easy then why isn’t everyone else doing it?”.
Monkey Bizness is actively looking for new owners, specifically in Midwest, Texas, and Rocky Mountain markets. If you or someone you know is interested, please reach out to us for a quick conversation to see if this might be the right fit for you. Contact us now.