Finding the Right Business for Baby Boomers

Thursday, May 29  |   2:00 - 3:30 p.m.
Online Seminar - NO CHARGE  

FranNet sees the promise of entrepreneurial
older Americans and seeks to ensure every opportunity
to pursue business ownership is explored.  

Americans are growing older, living healthier and living longer. And older Americans are capitalizing on business like no other generation. A recent study by the Kaufman Foundation found that in every single year from 1996 to 2007, more Americans between the ages of 55 and 64 started a new business venture than those aged 20-34. This is a trend that only looks to increase as long-term employment has fallen dramatically for people ages 35-64 over the past fifty years.

And according to the Center for Disease Control and Prevention, life expectancy increases about one month every year. As the American population ages, more and more older adults are looking toward self-employment business opportunities in which to invest and create long-term, sustainable assets. FranNet seeks to aid older adults who are looking for their next career or investment opportunity.

During the webinar, we’ll cover:  

·       The advantages to start a business.

·       Impact of small business in the U.S.

·       A look at franchise ownership.

·       Misconceptions about franchising.

·       Building your personal business model.

·       How to easily find the right franchise

Reservations for this No Fee Webinar can be made at http://www.michiganfranchiseforum.com/  
or 313-821-5060 or mcory@frannet.com . 

Franchises Are Creating Jobs - What Industries Are In The Top Five in Job Creation?

ADP’s March 2014 National Franchise Report has been recently released to the public.  According to its data, national employment added 220,000 jobs in March.  Franchises are responsible for 30,830 (just over 14%) of those jobs.

According to ADP’s historical data (dating back three years), franchise job growth has only seen a loss in one month in the past 36 (January 2012).

The biggest adders to the payrolls were the restaurant industry and the auto & auto repair industry.  Restaurants added 13,900 jobs (compared to only 600 in February 2014).  Auto & auto repair tend to seasonally add jobs this time of year, coming off of harsh winters.  In March 2014, the industry added 8,500 jobs.

Rounding out the Top 5 industries (in franchise job growth) were Accommodations (1,990), Business Services (1,450), and Food Retailers (590).

As you can see, there are a variety of different franchises out there.  One of the most important things to know when you are debating about starting a business is your industry trends.  This comes with doing your research.

Want to get started finding out more about franchising?  Take a look at my seminars and webinars listed on the right.  These events are FREE, as well as all of my services or consultations.  You can also contact me with any questions at 313-821-5060 or mcory@frannet.com.