Creating Success in Today's Economy

As I'm sure you've heard, we are experiencing slow growth in the economy. I am not an advocate of these thoughts or this mindset! We did pass through a rough patch but I believe an economy or a career could be modified or changed at any point. I believe people have the ability to recast their own unique mold. We see this everyday in our franchise development and sales world. We see new franchise companies created by entrepreneurs. We also see new franchisees opened everyday by husbands, wives and individuals. These are important to me for one reason; these are the opportunities we have available to us everyday. These are people recasting their unique mold to grow their lives professionally, regardless of the economic forecast. But before you decide, the world of opening a franchise business is like sitting at a craps table in Las Vegas! If you are going to put your fortune on the line, you had better understand the odds. Things to consider before placing your bet: 1. The industry. 2. The investment, and revenue potential. 3. Day to day obligations of operating the business. 4. The franchise agreement and contract. 5. The operating history of the company; does the franchisor or the affiliate operate a unit? After doing your homework, look at these six industries expected to grow in double-digits over the next 48 months! I can assure you these segments are all here to stay; 1. Child Care Services 2. Fitness and Health 3. QSR, Burger, and Sandwich chains 4. Spa and Lifestyle Clinics 5. Green Services 6. Supplemental Tutoring, Child to College Regardless of the economy, the franchise industry is growing. Make your own unique mold of success!   Paul Samson is the president and founder of The Franchise Edge, who offer a comprehensive solution to assist you in every aspect of your franchising program, allowing you to launch your franchise quickly and economically. Visit them online at www.thefranchiseedge.com.