In today’s economy, many successful business professionals are finding themselves over 50 and out of a job. As companies learn to do more with less, aging executives are being dropped from the bottom line. And it isn’t easy finding a new job in those top pay grades.
But there is another solution. Those 50-plus professionals have spent years building an arsenal of serious business skills, and many of those skills transfer beautifully to franchise ownership. Franchisors value the experience older professionals bring to the table. They have already learned how to follow a business plan, manage employees and build sales in the corporate environment. Franchisors know that business acumen will help new franchisees become successful.
Becoming a franchisor also requires an investment. Access to that kind of cash may elude thirty-year-olds, but more mature professionals have built savings and equity in homes and retirement accounts. That access to liquid capital can make the difference for a new entrepreneur trying to get off the ground.
If you are over 50, downsized and not sure where to go next, you might want to consider exploring franchise ownership. The right opportunity could allow you to put your skills to good use, grow your nest egg and even build a legacy for future generations.
Contact us to see if franchise ownership is for you.