Could a Franchise be your route out of Unemployment?
Joel Caws - Technical Director, Select Your Franchise
For those who have found themselves out of work due to redundancy or company closure, it can be a challenge to find your way into a new job especially when opportunities are difficult to come by and rivalry for them is high. It can be discouraging when you reflect on the current high unemployment rate which is a result of the aftermath of the recent recession.
The overall good news is that a franchise opportunity might be a way back into work and making a fresh start for those who have found themselves in the unemployment trap. Here are some the advantages of a franchise:-
Work to a proven business model
Around 90% of franchise business owners claim that they’re running profitably according to annual bfa/Natwest annual surveys.
Get back into work
A way to get back into work escaping an endless string of visits to job centres, employer interviews, etc.
Work for yourself but not by yourself
A franchise is your own enterprise, though you’ve got the backup and support of the franchise owner.
Low Entry Level Choices
Many low cost franchises could be setup for under £10K – inside the reach of virtually everyone whos got a credit card or can acquire a small amount of finance.
Broad selection
You can find a franchise business option for just about any industry you can think of together with hairdressing, beauty treatments, restuarants, photography, consultancy, design & print, bookkeeping, home maintenance business opportunities, etc.
It is clear that choosing from a range of franchise opportunities could be a fantastic opening if you have found yourself jobless. Remember that, comparable to any business, running a franchise demands working hard and plenty of dedication. If you have the correct attitude and willpower to succeed, you could find yourself sitting on a successful business which can support you and all your family. There are several resources on the web to help you start your research for the suitable franchise system for you. The best place to start is often to browse from a franchise directory which can give you some ideas and initial insight into what franchise might appeal to you and that may be within your budget.
Benefits of a Franchise Business for the Unemployed
Joel Caws - Technical Director, Select Your Franchise
It can be a demoralising position to be in, and yet the unemployment rate is higher than ever thanks to the recession the UK has endured in the last couple of years. For those who have found themselves out of work because of redundancy or company closures, it can be a difficult road to get back into a job especially when jobs are scarce and competition for them is high.
The good news is that franchise business might well be a route back into work and earning a fresh income if you have got stuck in the unemployment trap. Here are some of the benefits of a franchise business:-
- Work for yourself but not by yourself
A franchise is your own business, however you have the backup and support of the franchisor. - Work a proven successful business model
90% of UK franchisees in any given year report that they are trading profitably according to annual BFA/Natwest franchise surveys. - Get back into work
A route back into work without job centre visits, employer interviews, etc. - Low Entry Level
Some franchise opportunities can be started up for as little as a couple of thousand pounds – within the reach of pretty much anyone who has a credit card or is able to obtain a small loan. - Wide choice
There are franchise business options for pretty much any industry you can think of including hairdressing, beauty treatments, restaurants, print & design, photography, business consultancy services, book keeping, home maintenance, web/internet services, to name just a few!
It’s clear that franchising could represent a great opportunity if you have found yourself out of work. Bear in mind that, as with any business, running a franchise business requires hard work and commitment. With the right attitude and determination to succeed, you could find yourself sitting on a successful business which can support you and your family. If you are still reading to this point then you are most likely interested enough to want to find out more. There are many resources online to help you start your search for the right franchise for you.
Tags: franchise business, franchise match, franchise opportunities, franchising, joel caws, unemployment
Could Franchising help alleviate Unemployment?
Nick Strong, MD - Select Your Franchise
Recent news reports that unemployment rose in the third quarter of 2010 to 2.5 million. This is the first rise in the employment figure for six months and is reportedly due mainly to losses in the public sector.
Although the UK pulled out of the recession early in 2010, its clear that the effects will be felt for some time to come, representing a challenge of how to find jobs for those willing, but currently out of work.
It was positive to note earlier in the year the supportive policies for small business put forward by the coalition government. Its clear that small business plays a significant role in driving the economy and it might be considered how small business start-ups, such as those setup via the franchising route, could play a role in helping to alleviate the continued rise in unemployment.
Self-employment through franchising could represent a great opportunity for those caught in the current wave of job loss. If you have come away from an employed position with some capital or finance to invest then what better way to use it than to invest into your future.
A franchise offers a way to start up in business without feeling you are completely on your own. Some advantages in choosing a franchise business include a proven business formula and relevant business training for your chosen franchise business. There are literally hundreds of types of franchise opportunities currently available in the UK so you are unlikely to find a business that doesn’t fit you.
To begin your search for the right franchise for you, you can visit our popular 2 minute franchise matching service.
Tags: economy, franchise, franchise business, franchise opportunities, nick strong, recession, Self employment, unemployment
