1851

After the pandemic, many aspiring entrepreneurs have decided to chase their dreams and research franchise opportunities to invest in. But with a turbulent economy, many prospective business owners have doubts about making such an important investment.&nbsp;<a href="https://frannet.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-frannet-creates-successful-business-owners-during-a-recession-2719621" target="_blank" rel="nofollow">FranNet</a> franchise consultants understand these concerns and aim to set the record straight regarding the impact of a recession on business ownership.“The reality is you want to be proactive, not reactive,” said&nbsp;<a href="https://www.linkedin.com/in/janiabailey?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-frannet-creates-successful-business-owners-during-a-recession-2719621" target="_blank" rel="nofollow">Jania Bailey</a>, CEO of&nbsp;<a href="https://1851franchise.com/frannet">FranNet</a>. “In many situations, once a business is actually up and running, an economic crisis has already passed. Don’t wait on business ownership. Start exploring your options and know what is out there.”For more than 35 years, FranNet’s experienced local&nbsp;<a href="https://1851franchise.com/frannet/why-franchise-buyers-should-use-a-frannet-consultant-2718326">franchise consultants</a> have helped guide clients through the process of identifying the franchise opportunities that best fit their business and lifestyle goals. Through this long history of matching franchisees with franchisors, FranNet has identified economic trends and how they affect businesses.“Everyone is talking about recession right now,” said Bailey. “But there have been 11 recessions since 1948. Most of these recessions were short-lived and didn’t warrant a panic. Businesses can take off and become successful even when economic conditions aren’t perfect.”Despite popular opinion, there can actually be tremendous benefits to starting a business amid a recession. As the government works to get the economy back on track, small businesses can reap the benefits of government incentives. As many people are searching for employment, it can be easier to build a strong staff.“High unemployment means it is easier to hire employees,” said Bailey. “The hiring base you need when starting a business is abundant at these times. Also, for those that have an SBA loan, you will benefit from the lowered interest rates associated with the recession. There is also more available real estate, and the government historically has given incentives for small businesses to start their businesses at these times. It seems counterintuitive, but a recession can actually be an excellent time to invest in a franchise.”However, FranNet advises clients to be careful when selecting a franchise to buy. Fad businesses and luxury brands tend to fare the worst amid an economic downturn. At these times, many people will choose to forgo more expensive services.“Consider hair care,” said Bailey. “Regardless of the economy, people are still going to get haircuts. But they will probably avoid the salon that charges $160. Potential franchise owners should instead consider investing in essential, recession-proof services. These services are critical and will always be in demand.”It is never a bad time to research business ownership opportunities and discover ways to make your entrepreneurial dreams come true. FranNet acts as a trusted advisor through the matchmaking process and can provide you with the answers you need to determine if now is the right time for you to open a business.If you are a potential franchisee looking to invest or a franchisor looking to attract new candidates, contact FranNet at&nbsp;<a href="https://frannet.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-frannet-creates-successful-business-owners-during-a-recession-2719621" target="_blank" rel="nofollow">https://frannet.com/</a>.

How FranNet Creates Successful Business Owners During a Recession

1851 Franchise

Many people are now hesitating to open a business due to current economic conditions. FranNet’s CEO discusses why now is a great time to research and invest in a franchise.


This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

how-frannet-creates-successful-business-owners-during-a-recession

Children's Lighthouse

How Children’s Lighthouse Stands Out Among Other Children’s Education, Childcare, and Daycare Franchises

how-childrens-lighthouse-stands-out-among-other-childrens-education-childcare-and-daycare-franchises

The Growth Coach

The Growth Coach Franchise Costs, Fees, Profit and Data for 2025

the-growth-coach-franchise-costs-fees-profit-and-data-for-2025

One Hour Heating and Air Conditioning

Why One Hour Heating & Air Conditioning Sees People as the Power Behind Franchise Growth

one-hour-heating-air-conditioning-franchise-growth

Lawn Doctor

Design with photo of John Perry and Lawn Doctor logo

How a 20-Year Industry Veteran Tripled His Sales With a Lawn Doctor Franchise

lawn-doctor-franchise-success-story-john-perry

Fitness Premier

The Secret to Fitness Franchise Success? It's Not Just the Workouts

fitness-premier-franchise-marketing-support

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

How FranNet Creates Successful Business Owners During a Recession

MORE STORIES LIKE THIS