Economy Slowing…Franchising Hotting Up

I am awfully happy to report that there are some more positive stories coming out now – although I have to find them in round about ways. It seems that some people are really being creative about how they get through this period, and are looking at how they do business, as well as how they spend their money. Of course there are the few key drivers that will move the more entrepreneurial minded people towards franchising, and those are:

– not wanting to return to corporate employment (the view of ‘job security’ as changed)

– create something for themselves, with the umbrella of support that franchising provides

– having received the redundancy pay-outs,, this helps them to invest in the right franchise opportunity

Banks in the UK still not actively supporting business (especially small business)… in lending responsibly to those that have viable business plans and have shown steady and unwaivering growth over the last couple of years. My message on that score is – ‘Banks…you best be careful’. When the tide turns and business owners can afford to choose…they will choose those banks or personal bankers who listened, supported and guided as much as they could. They won’t choose those that handed them a multi-page loan application form with hoops and boxes to leap and tick just to get the £15000 they needed to keep their business going and growing.

Its scary how the economy is grinding to a halt – but I have every faith that with the combined entrepreneurial conscienciousness out there – the kickstart is coming soon!

Click here for a story of someone in the US who used his redundancy payout to get into business for himself with the Mr Handyman franchise.

Do note that getting into business for yourself is not the easy route – its even harder than you think it is, but there are payoffs in the longrun.

Me as a Handyman

Me as a Handyman



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One response to “Economy Slowing…Franchising Hotting Up

  1. Pingback: 5 Best Blogs for Franchisors | Grow From Here

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