Franchise ownership is up among baby boomers interested in supplementing their retirement or going out on their own, according to this article by Catey Hill in SmartMoney. While many experts say franchises are less risky, there’s nothing easy about owning one. Just like any startup, 12 to 14-hour days are common. Earnings don’t always meet expectations — plus franchise owners pay royalties that, typically, are about 5 to 9 percent of sales. In other words, if you’re a Boomer thinking of going the franchise route (and envisioning a laid-back second career), you’ve got a lot to consider.