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businesswire

FranNet Offers Economy Recovery Plan for Business Professionals


  • Press Release
  • Source: FranNet
  • On 9:52 am EST, Monday November 9, 2009

LOUISVILLE, Ky.--(BUSINESS WIRE)--The economy has affected almost everyone in the country. It has left some people wondering if they should leave their current career positions and look to something new. Well, that "something new" may be starting your own business.

The International Franchise Association references a report on its Web site by PricewaterhouseCoopers called The Economic Impact of Franchised Businesses, which found that franchised businesses "generate a significant amount of economic activity in the United States, and stimulate still more activity in the non-franchised businesses."

"With the facts about business ownership, professionals can make smart decisions regarding the direction of their careers," said Jania Bailey, president and COO of FranNet.

Bailey provides FranNet's Economy Recovery Plan for prospective franchise business owners:

    1.  

In order to recover from the economy, you first need a plan. A comprehensive business plan will help you to efficiently achieve your goals. Your plan needs to include all of your goals, a time frame and details on how involved you want to be with the business. Having a plan of exactly what you want and matching a business to your plan is a critical first step.

 
2.

If you have limited funds, don't fret. It's not as expensive to open a franchised business as you think. Many people think franchises are expensive but most franchises cost less than $100,000 to start and financing is still available with a good credit score. What's more, you don’t have to have a high investment to have a high return. In addition, there has been a significant drop in loan rates, making it easier to initially fund franchise businesses.

 
3.

If you want your business to be an economic success story, find a business that is right for you. When considering a franchised business, understand the pros and cons of owning the business. It's important to choose a franchised business that best fits your own personal goals and skills. And, it is key to find a business that matches your business plan model.

For more information, visit www.frannet.com.

Contact:

FranNet
Heather Gough, 502-753-2380
Director of Marketing and Communications
hgough@frannet.com

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