Thursday 19 March 2009

Franchises doing well

It would appear that one form of business is doing well across the board: Franchises. From Dunkin Donuts to Brake King (the latter part of the overall auto repair boom), it seems that franchises are weathering the downturn better than other forms of business.

This is good news for both franchisors and franchisees. As more talent is released to the job market, people are looking for a quick way to get back into cash flow. A good franchise idea, addressing a basic need will be safer and easier to launch than an own business.
With the financial and marketing backing of a known business, the franchisee will also be able to get up to speed more effectively. It may be the best way to spread risk in these risky times!

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