Out of work? Consider buying a franchise
Tough news in Charlotte, NC earlier this week. Wachovia Corp, one of the largest companies in Charlotte and the 6th largest bank in the United States, was purchased by Citigroup (Stock ticker C). 5,000 people were let go on Tuesday and I’m sure more will be before the end of the year.
When the unemployment rate is high and large corporations are downsizing, buying a franchise is typically a good alternative for someone with the entrepreneurial itch. There are hundreds of opportunities and you can find something that fits your lifestyle - a few examples:
- Low investment franchises
- Home based opportunities
- Franchises specifically for women
One of the companies I’m working with now even offers a flexible starting program where you can start setting up your franchise on a part-time basis. Here’s a link to Spring Green’s Flex Start Program.
Other resources can be found right here on StartupNation. Check out the franchise section to request free information directly from the franchise companies themselves.
Losing your full time job can be hard on you and your family. But you can also use the time to reflect on your personal goals and find something that will make you that much happier and fulfilled in the long run.
October 3rd, 2008 at 10:01 am
Update! Amazing how quickly things can change! Now Wells Fargo is stepping in with Wachovia. Here’s a link with details - http://www.bloomberg.com/apps/news?pid=20601103&sid=aVaPk_A0_K8s&refer=news
October 5th, 2008 at 8:27 am
Is it time that you are paid what you’re worth and have the time to enjoy with loved ones? Employment is not the only way to make a living. It’s just that our schooling system has prepared us to be workers in an industrialised economy.
Yes, times now are challenging but perhaps this is a journey of self determination. Franchises are but one way. This may be your chance to live the life you want to live.
To your every success!
Gen
http://www.start-up-a-business.com
October 6th, 2008 at 9:44 am
For many, buying a franchise after a bad work experience is a little bit like a rebound romance. You’ve been jilted unexpectedly. Your confidence is shaken. To distract yourself, you start Googling and clicking and, before you know it, you’re a franchisee. You’re still hurting from what happened in your job as you embark on something that will test your limits as nothing has before. You are not running toward something as much as running away from something. And it’s just a matter of time before you can’t run fast enough or far enough to get away from yourself.
Mitchell York
The E2E {Executive-to-Entrepreneur} Coach