Franchising in a Down Economy

Here is a great article discussing how purchasing the rights to a franchise has it’s advantages in a down economy.

http://www.gazette.com/articles/made-95168-appeal-miami.html

Franchises: Ready-made businesses have appeal in down economy

March 06, 2010 1:00 PM
MCCLATCHY NEWSPAPERS
MIAMI - After being unemployed for a year, Pauline Hamian ditched the résumé and bought herself a job.
The former Burger King employee had no luck finding a job after being part of a corporate restructuring in 2008.

While at an outplacement center, she stumbled on a webinar about franchising.

“I felt I had to do something,” Hamian said. “It provided an opportunity for me to do something I’ve never done before and never really envisioned myself doing.”

With the help of a franchise broker, she decided to invest in ShelfGenie, a company that installs sliding shelves for kitchen and bathroom cabinets. She didn’t need to buy a storefront, it all can be done from home. There were no fixed costs and her two part-time employees work on commission. 

Click the link above to read more…