With unemployment rates falling to a level around 5.6%, some people are considering putting their dreams of franchise or business ownership on hold for the perceived security of a ‘real job’. If this is you – don’t let this happen! Here’s why:

  •          Job security doesn’t exist anymore. Times have changed, company reorganizations and layoffs occur all the time, and we simply don’t have the same job security that our parents or grandparents had. According to the Bureau of Labor Statistics, the average number of years that employees stay with an employer is currently 4.6 years. Long gone are the days that an employee stays with the same company over the course of their lifetime.
  •          Wages are down across the board.  According to a paper released by the Economic Policy Institute, wages are falling for workers at all education levels. Additionally, many people are finding that if they lose a job, it is difficult to find a replacement, let alone one at the pay scale they once had. One way to combat this is by being proactive and finding the right business or franchise opportunity that puts you in charge of your income potential.
  •          Entrepreneurs really are the happiest people. The Global Entrepreneurship Monitor Report released last year showed entrepreneurs across the world rated their well-being higher than that of non-business owners. There simply is no need to be stuck in a job when the opportunity for happiness through business ownership is an achievable goal.

Stay tuned for Part 2 of this blog post…and if you ‘re considering starting a franchise or business, please visit https://franchise.org/benetrends-financial-supplier to learn more about your funding options available.

Benetrends is the authority in franchise funding, acclaimed for its Rainmaker Plan which enables entrepreneurs to use their retirement plan to purchase a business, tax deferred and penalty free. Benetrends has an industry high approval rating in SBA Loans and offers a full suite of business solutions including funding, commercial insurance, health insurance, payroll and more. 

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