Buying a franchise is not something you would think many people over 50 would choose to do. The required energy, money and a desire to get up every morning and make sure your business is running right does not seem appealing for someone probably towards the end of their work lifespan. However, more and more older Americans are showing an interest in becoming franchise owners.
More seniors are buying franchises
According to a survey conducted by Franchise Business Review, there is a real senior franchise boom taking place today. Back in 2007, the percentage of franchise owners at least 55 years of age was roughly 20 percent. Today, in 2013, statistics show that 28 percent of all franchise owners in America are 55 or older.
Buying a job?
Finding a job today can be difficult for anyone, but it can be an even more daunting challenge for seniors and older Americans. If you are a 55 year old executive and your company decides your services are no longer needed, you may find it impossible to find employment that will pay you a salary commensurate with your experience and talents. While corporations will never admit to letting people go, or not hiring people because they are too old, in reality, that is often the case. Many older Americans and seniors nearing retirement age do not want to simply stop working and fade away into the sunset.
When you choose a franchise instead of opening a non-franchised business, you are not on your own. You still have to work hard to make it a successful enterprise, but there is always help and guidance just a phone call away.
Look at some of the benefits of investing in a franchise.
- A proven business concept that works
- Instant brand name recognition
- Help finding the best location
- Classroom education before you open
- Onsite training and guidance when you open
- Continuous support when you are established
- Advertising and marketing assistance
- Help with financing
Why seniors make great franchise owners
Americans are living longer and staying active longer than ever before. While someone who is 60 might not have the energy of someone who is 30, they have wisdom and life experience. Seniors are not easily distracted with plans to party on the weekend, hang out with friends or play on the Internet. The kids are grown and seniors, as a group, are more serious about doing a job exactly as it should be done.
Owning a franchise allows a senior to remain active and be a part of the community. Instead of golfing, going on cruises, or spending your latter years in a rocking chair, why not fulfill a dream of owning a business and doing what you want to do and not what someone tells you to do?
Everyone is different and franchises are not for everyone, whether you are young or old. If you think owning a franchise is something you would like to do, why not take the time to learn more about the many great opportunities that are available?