Boomers Considering Franchises Need to do Their Homework

Franchise ownership is up among baby boomers interested in supplementing their retirement or going out on their own, according to this article  by Catey Hill in SmartMoney.   While many experts say franchises are less risky, there’s nothing easy about owning one.  Just like any startup, 12 to 14-hour days are common.  Earnings don’t always meet expectations — plus franchise owners pay royalties that, typically, are about 5 to 9 percent of sales.   In other words, if you’re a Boomer thinking of going the franchise route (and envisioning a laid-back second career), you’ve got a lot to consider.       
Advertisements

About Lynne Strang

I'm a writer who blogs about 40-and-older business owners. I am also the author of "Late-Blooming Entrepreneurs: Eight Principles for Starting a Business After Age 40." Outside of work, I enjoy reading, cooking, vegetable gardening and exercise (especially cycling).
This entry was posted in Business, entrepreneurs, Entrepreneurship, Leadership and tagged , , , , . Bookmark the permalink.

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s