In this Issue:
Franchising as a Career Alternative
Franchising is a dominant economic force representing $839B in revenue employing 9.8MM people in 865K businesses.
- Did you know that the success rate for franchise start-ups is 92%?
- Did you know that you can rollover your 401K funds (tax free) to fund a franchise start-up?
Individual job security and financial freedom is being threatened by company downsizing, lengthy layoffs, and the elimination of benefits, corporate bankruptcies and huge consumer debt. The traditional job market no longer offers the security individuals and families want and need to live well. Taking control of your personal situation by becoming self-sufficient is an alternative way to achieve long term financial freedom. The good news is that many people, especially the corporately-trained individual, possess transferable skills that will allow them to succeed as franchise entrepreneurs.
If you plan to explore employment alternatives via franchise ownership, here are a few tips:
- Engage a consultant to help you navigate through the complexity of the choices available.
- Start with a clear set of goals, financial requirements and expectations.
- Don’t be rushed or make an emotional decision. There are many options to consider and you will be more satisfied if you fully understand the opportunity before signing up.
Bob Harrington Associates has partnered with a company that is an outstanding resource for considering self-employment options, franchising information and education. They have shown countless people over the past 20 years the opportunity to explore a wide range of business models. Their process is simple and FREE. It brings clarity to your income and lifestyle choices. The process consists of an online questionnaire followed by a profile /evaluation test and a question & answer dialogue to determine which 3 franchises of the 288 they represent will best match your goals, objectives and personal style. This process dramatically reduces the clutter and confusion of trying to determine what is best for you.
If you have an interest in learning more about self-employment as a career choice, please give me a call and I’ll be glad to discuss it further.