AARP Report Says Franchises Hold Advantages for Jobless Senior Corporate Executives

Unemployed executives may want to pass on looking for another job and instead turn towards investigating a franchise opportunity, according to a recent article published by AARP. With firms such as San Antonio-based Personal Business Advisors, LLC helping with the transition from job or unemployment, making the switch to your own business could not be easier.

According to AARP, 50-plus aged senior corporate executives collecting unemployment or simply working a dead end job can find the road to create a business easier by opening a franchise business instead of launching a business from scratch. The primary reason is that senior corporate executives working a job will find the transition to a “business in a box” easier because they are joining part of an already established national or regional brand. Franchise businesses also feature built-in branding and business strategies from a corporate overseer – much like these “accidental entrepreneurs” experience when working a job. The simplification of the process makes it easier for corporate executives to transition from a corporate job or sudden unemployment to the job satisfaction of owning their own franchise business.

 According to the International Franchise Association in Washington DC, franchise businesses are the strength of the small business sector – nearly 18 million jobs and $1.2 trillion in gross domestic product can be attributed to franchise businesses. If unemployed corporate executives transitioned their extensive knowledge and experience to franchised businesses, the impact to the national economy and the lifestyle of the new business owners would be amazing.

Best of all, franchise opportunities offered by Personal Business Advisors, LLC for corporate executives over age 50 come in all types. There are now nearly 1 million different franchise business opportunities from tax preparation and small business consulting to automotive repair and the traditional sandwich shops. Franchise business owners instantly enjoy the benefit of becoming part of a larger national chain. The opportunities are endless for corporate senior executives to launch their own franchise business in the field that matches their passion instead of simply working a full time job.

Experts say the franchise market is expanding by two percent per year and that rate is expected to increase as the corporate senior executive Baby Boomers transition from jobs or collecting unemployment to launching new franchise businesses.

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