Baby Boomers Choosing the "New Retirement" - Franchise Business Ownership

      

In fact, a study done by AARP has estimated that one-third of the 16.5% of workers age 50 and older eventually go into business for themselves. A large number of these business owners choose to invest in a franchise over riskier start up businesses because the ramp up time can be shorter with a turn-key system such as a franchise.

"The key to business ownership for those nearing retirement age is a quick time to turn a profit," explains Jania Bailey, president and COO of FranNet, an international franchise consulting firm. "After all, there's no time to waste when the trial-and-error days of youth are behind you."

With a franchise, there is also the advantage of training and support to help the business see a return on investment as quickly as possible. That made sense for John Sylvia, a new owner of the consulting franchise Expense Reduction Analysts (ERA) in Gladwyne, Pennsylvania. Sylvia worked with Dan Citrenbaum, his local FranNet consultant, to purchase the eastern Pennsylvania and Delaware territory. He recently started his franchise in January, after a corporate restructuring by his former company.

"I had experience in business for myself, but this time I was interested in doing it differently," said Sylvia. "With ERA, I have a corporate organization to support me, and other franchisees to talk to, in addition to the advice and direction of an area developer."

Peter Nowell, a new business owner from Dublin, Ohio, also chose to invest in an ERA franchise because of the flexibility of the business. "My circumstances were unique. I was in a major accident 3 years ago that left me with spinal cord injuries," explained Nowell. "I couldn't continue my career in manufacturing management. I knew I needed to be looking for something I could do at my own pace."

Nowell worked with his local FranNet consultant, Barney Greenbaum, to help him narrow down his franchise options. "I met with Barney and this opportunity was so different from anything else I considered," said Nowell. "If it hadn't been for FranNet, I wouldn't have heard about it."

A franchised business gives people such as Nowell and Sylvia the opportunity to quickly and efficiently open a new business, minimizing the risk of a start up. Their new franchises let them invest in themselves - with no regrets. To learn more about FranNet and your career options in a franchise business ownership, visit www.frannet.com.

FranNet LLC
Heather Gough, 502-753-2380
Director of Marketing & Communications
hgough@frannet.com