More evidence, this time from Pittsburgh, that unemployed workers are finding new job success through franchising.
The Pittsburgh-Post Gazette has examined the story of Brian Achenbach. After being laid from pharmaceutical company, Achenbach decided to go into business for himself via franchising.
Rather than starting from scratch, he decided to buy a franchise. And after considering all the choices, he settled on opening a full-service home care and staffing agency called BrightStar.
He has found it to be a rewarding challenge.
"Owning my own business is way out of my comfort zone," he said. "I had to get over that hurdle." Fred Rock, an investment banker at Focus Investment Banking says that he's seeing more and more laid-off people with some wealth behind them opt for franchise ownership.
"It doesn't cost a lot to get into, and they are buying an opportunity to make a decent living of $25,000 to $75,000 a year, which is about equal to what they had been earning, and now they're their own boss,"
As Rock says, you're never guaranteed success with franchising, but if you're smart about the business you choose, it can be the best business decision of your life.