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Is Starting a Business Safer Than a Job?

By: Jania Bailey


Have you ever considered, “Starting a Business May Be Safer than Having a Job”? Today, that’s our job. While that statement may sound counter-intuitive to some, it’s become a reality for millions with regard to the state of the economy over the past few years. Losing one’s job is a nightmarish scenario whether it’s called being “laid off” or “downsized.” As is usually the case, corporate profit margins are trimmed to the extreme these days—all in the effort to keep the shareholders of public companies satisfied. Even private companies aren’t immune. Client-driven businesses depend upon the client’s ability to meet its financial obligations as well.

For some people in this economy, downsizing and rehiring has become a boom and bust routine. And over time, it can wear an individual down with anxiety. That’s usually when some become fed up enough to consider starting a business of their own. While others may see the writing on the wall and decide to control their destiny rather than it control them.
Millions have turned to franchising amid record numbers of people taking the proverbial “plunge” in taking charge of their own destiny. Overcoming the feeling of initial apprehension is a key to becoming your own boss. At FranNet, we continuously deal with individuals who have reached this conclusion. We’re well skilled at providing a level of comfort in exploring whether or not your attributes will match up well with your own opportunity and initiatives.
In the meantime, look at some citable facts from Lendio, a leading business loan  company, to support the notion that owning a business may be safer than Corporate America. Although the article is three years old, its information and the lessons it contains are still extremely relevant.
With excellent information and a really handy infographic model, Lendio lays out the following facts about the risks and rewards of being employed—versus the self employed option:
  • While working for Corporate America, you can expect one revenue stream with no real job stability. Working for yourself encompasses several revenue streams which you can build yourself while keep track of your own productivity.
  • Over 2,500 people go into business for themselves every day, accounting for over 75 percent of all U.S. businesses.
  • You may experience slower initial growth in owning your own business. But once you get past the critical stage, franchised businesses have a shorter time frame to reach profitability than non-franchised startups.
The full article and remaining points are worth a read, as this groundbreaking article has been shared numerous times on small business and franchising websites across the Internet. Take into account the amount of risk you’re actually taking. You may decide that the proverbial line in the sand needing to be crossed in order to take control of your destiny may not be such a drastic move after all.
And last consider this: the longer you’re in a corporate position, the more likely you are to be downsized, transferred or laid off. But the longer you own a business, the safer and more secure it becomes as you build that business. And has been proven time and again, time doesn’t wait for you to make a decision.
Do you feel that you’re ready to get started? If this article has inspired you to investigate a franchise opportunity, perhaps it’s time for a free consultation with a qualified and experienced franchise consultant. As it turns out, FranNet is just the place! As a franchise consultant company with a great track record of assisting individuals on their path to business ownership, make arrangements to speak with one of our representatives today.
This article was originally published by FranNet
Published: January 13, 2014

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Jania Bailey

Jania Bailey is president/COO of FranNet, North America’s most well-respected franchise consulting firm. Bailey sits on the board of directors for the International Franchise Association (IFA) and is a certified franchise expert. Her background includes over 25 years experience in the banking and franchise industries.  Bailey also authored the book, “Thriving – The Journey to Success in the Business World.” 

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