Predictions show slow growth as the economy recovers from recession As the American economy recovers, franchised businesses have felt the effects of the struggle – nominal increases in the number of jobs, sluggish economic output, and marginal uptick in the number of establishments opened. With this said, the Franchised Business Economic Outlook, prepared for the [...]
As part of its efforts to stimulate economic recovery, the Obama Administration announced on Oct. 21 a new set of initiatives to help spur lending to small businesses. President Obama headed to Landover, Md., to make the announcement on the premises of Metropolitan Archives, a 13-employee record storage and delivery company seeking expansion capital. “I [...]
You may wonder why anyone would consider starting a business right now when all we hear about is the struggling economy, the layoffs, the huge national debt, the continuing gloom and doom coming from the media. Well, I say this is the perfect time to separate the real entrepreneurs from the wanna-be entrepreneurs! Seriously, why [...]
While it may seem risky to open a business in the midst of a recession, one particular industry – franchising – is proving that the self-owned business model is still alive and well. And, for those entrepreneurs ready to experience the excitement of business ownership, opportunities exist in segments where the recession is actually fueling franchise [...]
Starting a business is a scary proposition anytime but starting one in a recession makes it even more nerve wracking. Such fear can freeze us to inaction unless we take a closer look. The reality is that a slow economy can be the ideal time to start a business. With high unemployment rates starting a [...]
