In the previous article The Power of Franchise Ownership in Times of Job and Wage Insecurity Part 1, we revealed 3 reasons why you shouldn’t put your dreams of franchise or business ownership on hold for the perceived security of a ‘real job’.  Here are 2 more:

  •  Franchises are achieving success. Based on the IFA’s Franchise Business Economic Outlook for 2015, franchises are outperforming the economy as a whole, with the franchise sector’s GDP predicted to grow faster in 2015 than the U.S. economy. (According to the same report, the growth outlook for the lodging and real estate sector is the highest at 6.3% for 2015, while the quick service restaurants business line continues to be among the growth leaders.) Just keep in mind there are numerous franchise opportunities available, so it’s imperative that you spend a thorough amount of time researching your options to find the franchise that is the right fit for you.
  •  Funding is available! A variety of innovative programs are out there to help you fund a franchise, including one that allows you to use your retirement funds tax- and penalty-free. Best of all the government will assume as much as 40% of the financial risk of the investment. But just as finding the right franchise is key, so is finding the right funding partner. There are big differences in what is out there in terms of experience, expertise, and capabilities — so research your options.

Don’t get mislead by the idea that because the unemployment rate is lower, you should abandon your dreams of franchise ownership. Franchise ownership can be a dream come true for people looking for greater ‘long-term’ security and income—and happiness.

Visit https://franchise.org/benetrends-financial-supplier to learn more about your funding options available to start a franchise.

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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