It’s tough watching as your child sits by looking to enter the real world, fighting a tough job market. Stats show that it takes an average of 8 months for recent college graduates to find a job. Approximately 22 million young adults are living with their parents (Source: SmartMoney). Terms like fiscal cliff and debt ceiling probably add a bit of doubt to whether if your child will still be waiting tables, or starting into a professional career with a steady paycheck. At the same time, you may be wondering about your stocks and 401(k). Is there a better investment that isn’t as dependent on Wall Street?
Franchising can give you a solution to both of your problems.
Starting a franchise is truly an investment in yourself and your family, backed by a proven business system.
Getting your child involved.
Will there be another manager that you can trust more so than one you know intimately? If you truly believe that your child can succeed, and they just need a chance, why not give it to them? Get your child involved early in the process, including doing the research on the available franchises – they will become further vested in the process and feel like a true managing partner. At the same time, you can help mold and guide them as an early manager. You may have some disagreements about how to run the business, but you will know how to work with your child (compared to a unrelated person).
Real-life stories from the COLLEGE campus.
Many colleges and universities are beginning to recognize the important role that entrepreneurism may very well play in their students NEAR future. As a matter of fact, on March 10, I’ve been asked to speak to a Management/Marketing 346 class at Saginaw Valley State University. This course takes an entrepreneurial view of starting and managing a new franchise from both the perspective of the franchisor and franchisee. Emphasis is placed on recognizing and evaluating opportunities for franchise entrepreneurs, the development of appropriate strategies and plans, and the implementation and launch of a new franchise. The instructor, Andrew Anderson, MBA, tells me that FOUR of his students have gone on to open franchises in the past couple years, upon graduation. You can learn more about the college’s unique curriculum at www.svsu.edu/cbm.
A better investment.
Can owning a franchising (and believing in your family) be a better investment tool than stocks? Now, every situation is different, and some can do better than others in the stock market. But look at the results from 2012.
- Dow Jones Industrial Average: +0.13%
- NASDAQ: 0.12%
- S&P 500: -0.00% (barely down)
USE FRANNET
FranNet exists to start you on the road to success through FREE consulting services. I am here to meet with you, talk about your goals and aspirations, and see if franchising is right for you and your family. There may be one or more options that fit your criteria, and the skills and personality of your son or daughter. I can help you and your family investigate the perfect franchise concepts that may prove to be a great match for you. Give me a call at 313-821-5060 or email me at mcory@frannet.com, and let’s have a conversation about how franchising can give you a better investment vehicle, and help your child start their professional career!
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