Money Da Easy Way

With the current job market reality being that EVERYONE, including executives, are facing possible layoffs and job loss, the most important need for many 'displaced' and/or working experienced workers is a job opportunity that is relatively 'fire' proof!

Recently in the small town of 43,000 people where I reside, 1000 people lost their jobs! Sadly, most are in the position of paying frequent visits to the local 1 Stop or Work Source (privatized state unemployment vendors) to scour online for jobs. Far too many are scurrying to retailers, warehouses and visible businesses applying for the same jobs that 999 other people are hoping to get!

Now, what if 50 of these people formerly in management decided to pool their resources and purchase a franchise? Franchising contains 75 industries that a group of experienced workers, daring to become new entrepreneurs, could be involved in. Many of these franchise industries are recession resistant, low-start up, executive models.

Good franchise companies are searching for former corporate-types, with all of their experience, to run a franchise and be the CEO, not the technician.

A major benefit of small franchise operations is that they create local jobs. According to a study released by the International Franchise Association in 2007, franchised businesses generate more than 11 million jobs with an annual payroll of $278.6 billion dollars. "The franchise industry is now the largest employer in the United States, surpassing the military," says Matthew Shay, President and CEO of the IFA.

Historically it is easier to secure traditional financing to start a franchise because banks and the Small Business Administration have always supported that lending money to a start-up franchise operation is safer than lending to an individual small business. The good news is there is money out there! A great credit score and a solid business plan are necessary. Our hypothetical 50 franchise owners can also use their severance, savings and/or retirement funds to finance their future. This is a safe, tax and penalty free method of obtaining seed money.

Because franchise operations across America account for 4.4 percent, or more than $880 billion, of the United States' economic output there is no better time for small groups of displaced workers, disillusioned professionals and the regular 'ready to be my own boss' to take advantage of the current need for self-employment methods that will also employ others!

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YE is an author; WebPreneur; electronics, computer & gadget geek; Certified Holistic Health Consultant; grandmother and devoted traveler that currently resides in Georgia. She can be contacted for interviews, consultations and general comments at either of her websites or by email at: yehasmoney4u@s-bgen.com
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