Franchises: A good investment during a recession
- Tuesday, May 29, 2012
Following the housing bust of 2006, the United States economy hit a slump, experiencing decreasing home sales and an increase in unemployment. However, despite these setbacks, many Americans realized the powers and benefits of purchasing a franchise.
According to U.S. Franchise News, franchising offers people the opportunity to capitalize on an investment unlike any other option in today’s market. This small business opportunity provides those with entrepreneurial spirit the ability run their own shop, work closely with a product and have a structured support system.
As a result of all of these positives, franchising is growing in popularity. A recent study by the International Franchise Association reports that U.S. franchises account for more than $1.4 trillion a year in revenue – almost 45 percent of all retail sales. In addition to generating business, franchises employ a large number of Americans. More than 18 million people are employed by franchises, reports the news source. In fact, almost one of every 12 businesses in the United States is a franchise.
These figures demonstrate the growing presence of franchises in America. The new business opportunity a franchise offers is almost incomparable to any other investment. Regardless of education, class or location, anyone can potentially open a successful franchise brand. This ability endeared the franchise business model to many out-of-work Americans looking for more freedom and a stable source of income.
Unlike opening a new small business, a franchise provides a person with all of the training aspects and manuals they need. The brand is often well-recognized, and that will work in a franchisee’s favor as he or she becomes a stable presence in the community. In addition to consumer recognition, a franchise typically provides ongoing support from the franchisor or franchise representative that will help facilitate the development of smart business practices.
By choosing the right investment and researching the appropriate outlet, almost any person in the U.S. can decide to open a franchise and see financial success result from their hard work. There are no free rides, but in the land of opportunity, the ability to still be able to make something new of yourself is what makes life great.
The Liberty Tax Service franchise opportunity is appealing to a diverse America, and ranked highly for its affordability and potential. Entrepreneur magazine has ranked Liberty Tax Service on its “Franchise 500” list of best franchise opportunities since 1998. Liberty Tax Service is the only tax franchise
on the Forbes magazine’s “Top 20 Franchises for the Buck.” (2012) Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!