BUSINESS ADVICE
5
TOP Reasons Why
Why People Are Becoming Self Employed
by Ken Boyce, Consultant, The Franchise Consulting Company Here is the link to his article. https://www.forbes.com/sites/ eriksherman/2021/04/17/theranks-of-the-self-employed-areexploding/?sh=6ebab1631515 Many of us, in the franchise industry, guessed that during the pandemic franchise openings would decrease. This is not the case. I have had my franchise consulting business for 6 years. In 2021, I have worked with a record number of clients. It was a pleasant surprise!
2021 was another crazy
year! The pandemic is still hanging around and affecting all of us. Businesses being forced to close, being forced to work from home, travel restrictions. Do I need to go on? You would think that we are living in a Hollywood horror movie and the whole world is collapsing! In all fairness, there are people suffering but the world has not turned into a zombie apocalypse. We have all adapted. Would you be
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surprised to hear that in 2020 there was a record amount of people opening their own business? How could this be? During a pandemic? The answer is Yes! The IRS reported over 1.5 million applications for new employer identification numbers (EINs). These applications are for individuals that are looking to form a new business. This is amazing! You can read more on the actual statistics from an article by Eric Sherman of Forbes.
FEBRUARY 2022 | WWW.FRANCHISEJOURNAL.COM
MANY OF US, IN THE FRANCHISE INDUSTRY, GUESSED THAT DURING THE PANDEMIC FRANCHISE OPENINGS WOULD DECREASE. THIS IS NOT THE CASE.
