Retirees Turning to Franchising
April 23, 2009 by Stephen Kersey
Filed under Finance
Studies have shown that more and more retirees and laid off older workers are buying small franchises. For baby boomers who have an entrepreneurial streak, this seems like a good option. The U.S. has more than 850,000 franchised businesses.
Image: istockphoto
Starting your own business is not easy in any economy. But it’s tougher now during the recession. Franchise businesses offer the opportunity to own a businesses that is bolstered by an successful business plan, established brand name, training program, advertising and marketing.
Though owning a franchise isn’t simple, it may be a workable option for older workers who have been laid off and those of retirement age who can’t or don’t want to retire.
Some franchisors actually actively recruit for owners who are 50 and older. People of this age group often have the business experience and money necessary to be successful. Both BabyBoomer-Magazine and MSNBC offer additional information on the topic.
If you are interested in learning more about franchising, turn to Franchise Pick right here at Bizzia, where Sean Kelly offers his daily thoughts and insights.
