The nation’s economic difficulties persist and it has forced some franchises to rethink their standards for prospective franchisees, as we reported yesterday. While money and experience are invaluable in this economic, it also helps to look at the glass as half-full.
The business experts at franchise consultants FranNet have pooled their expertise to deliver a generally positive account of the current franchising scene. In a recent statement, FranNet pointed to the “growing availability of credit” and September’s passage of The Small Business Jobs Act as positive signs for small-business people.
"The recent news is encouraging, and anyone who has considered owning their own business may want to reconsider that option now," Jania Bailey, President and COO at FranNet said.
Interestingly, Bailey urges prospective franchisees to strongly rethink their skills and abilities when considering the business that’s ideal for them. There are thousands of franchise opportunities out there, but some businesses are more ideal than others.
"People who are ready to explore franchise ownership need to do more than obtain financing. They need to begin the search by evaluating their skills. Successful entrepreneurs understand what they are good at and where their skills are most valuable," Bailey added.
It's good advice from people who understand the industry.