Due to the challenges of the current economy, many people have decided to look for other career alternatives. Small businesses, in particular, have proven to be the drivers of new job growth. In fact, small businesses are crucial to our economy, since their ability for new job creation is key to ending the recession, says Jania Bailey, president and COO of FranNet.
The unemployment rate has hit a record of over 10 percent, and it has not been this high since the recession of 1982. The country is experiencing one of the longest cycles of unemployment the nation has ever seen. Luckily, this is only a cycle. But, according to Bailey, the country needs to encourage the upper swing to arrive sooner than later.
Based on data and articles on the U.S. Bureau of Labor Statistics Web site, service and sales jobs increased in 1983 to help lower unemployment rates. To follow the same formula, Bailey says, we need to increase the number of service-based businesses.
A newly opened service business provides new jobs and directly impacts communities. The service sector of the franchise industry, for example, is growing – even in what is perceived to be a down economy.
“Franchise businesses create thousands of jobs each year and have helped develop local economies, while providing endless business opportunities,” Bailey said. “The great thing about owning a franchise during this state of the economy is that franchises have proven systems to make sure potential business owners are successful in building their business and many are recession resistant.”
Bailey has provided the following advantages of opening a franchise business:
- A proven system – The process of how the business runs is already laid out for you, with no trial and error needed!
- Support, marketing, and training – Franchise companies offer extensive training to help make sure you have all the tools you need to be successful.
- Fellow franchise owners for advice and support – Other franchise owners in the same system can be invaluable resources.
There are many small business franchise opportunities available and each one could be a great benefit to your community. If you are looking for a career alternative, maybe you should start your own business. For more information about starting a franchise business, contact FranNet at www.frannet.com.