Darrell Zahorsky - About.com Small Business Info Guide - About Small Business Info: Franchising & Recessions

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In the Spotlight | More Topics |

	from Darrell Zahorsky Franchising is an economic powerhouse with over 900,000 franchised businesses in America alone. The future looks bright for franchising even though current economic woes are impacting certain sectors. "The growth we have seen in the franchising industry is expected to continue, even during the current economic downturn," said Matthew Shay, International Franchising Association CEO. In hard times, corporate downsizing leads to a new wave of pink-slipped workers considering tossing in the big company towel for the be-your-own-boss life style. Of course, industries within the franchise sector can be impacted by reduced consumer spending but other markets can fair better. This week we take an in-depth look at the world of franchising.

In the Spotlight

Buying a Franchise is Serious Business
Buying a franchise is a dream for many aspiring small-business owners. Franchises are expensive to buy, carry the same risks as any startup business and require plenty of sweat equity to make them profitable. "Buying a franchise is a serious, serious business, and one should contemplate the downside," says George Naddaff, chairman of the KnowFat! chain of restaurants, who created franchises including Boston Market and Sylvan Learning Centers. "The danger ... is that every franchise is a startup."

		More Topics
		Franchise Opportunity of a Lifetime? Buying a Business: The Safer Alternative Entrepreneurs Before You Buy a Consulting Franchise Consulting / Freelance How to Franchise Your Small Business Financing a Franchise: The First Order of Business Is Buying a Franchise Buying a Job? Franchising Is a Franchise in Your Future? Phoenix

How Much Does a Franchise Cost?
The answer to this question is not very simple. Every franchise has its own financial requirements, so the costs to start a franchise are different for every franchise company.Here is a list of 6 common costs to open a franchise...
- Franchising Guide Don Daszkowski

Pink Slips To Deposit Slips
Call it what you like job cuts, corporate restructuring, head count reduction or layoffs but for hundreds of thousands of people, it's a dramatic life changing event. Being unemployed in a tight job market offers very few opportunities even for talented individuals. One growing alternative for the newly "pink slipped" is to start a business.

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Darrell Zahorsky - About.com Small Business Info Guide

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About Small Business Info: Franchising & Recessions