Could Franchising Means Job Security?

Could Franchising Mean Job Security?

by Ed Horowitz

In the mid-20th century, professionals worked for the same company for 30 years or more, earning an income and likely, a pension for retirement.

Today, things are different. The average person is in the same job for 5.1 years. The company pension has been replaced by the 401k—which uses the employee’s money—or, there is no retirement fund at all. It’s become commonplace to take a job, learn the job, and be out of a job within a few months or years. It’s routine to find a working person who has been laid off at least once, and many have been laid off multiple times.

TODAY’S WORLD

Technology is changing nearly every job in every industry. Recent years have seen elimination of countless jobs through automation. For example, Applebee’s and Chili’s have reduced their wait staff by implementing iPads for ordering and paying the check. Can other restaurant chains be far behind? Millions of cab, bus, train, and truck drivers could eventually be out of jobs if driverless vehicles become a reality. Oxford University researchers forecast that, within 20 years, computerization will eliminate almost half of all of jobs.

How can you secure your financial future? Investing in a franchise is one way—and a franchise consultant can help. Investing in a franchise is a great way to take charge of your destiny. Many people feel like owning their own businesses offers more job security than a corporate career—and there are reasons to believe they’re right.

Professionals find their way to franchising for a variety of reasons. Some are in the midst of a career transition. Others are fed up with Corporate America and want to make a change. Some investors even keep their day jobs, yet invest to diversify or build equity in a manager-run business. No matter which category you fall into, a franchise consultant can help you figure out which businesses match up to your skills, goals, and lifestyle expectations, and ultimately, which franchise is a perfect fit for you.

With more than 30 years in sales, marketing and business ownership, and over 14 years in franchising experience, Ed Horowitz provides coaching, mentoring, support and guidance to those interested in pursuing success through franchising. To reach him, call 425-785-1837 or email ed@thefranchiseconsultingcompany.com.