The best time for franchising is coming 

... is your franchise ready?

 

BAD times are coming! The economy will face a downturn, a recession is expected, people will get retrenched! However, not everyone will suffer; infact, some will benefit from the situation.

 

Yes, this is where franchising will boom! In bad times, when businesses contract and people get retrenched, a market for franchises emerge. This phenomenon was evident in the past economic crisis periods. Here's why. Senior and middle-management executives are the most likely candidates for retrenchement. While the retrenchement package from large corporations will usually be substantial, it is however, not enough to retire on. While the lucky ones will get re-employed, a sizeable portion of these retrenched executives will venture into business and some of them will prefer to buy a franchise. This adds on to the yearly pool of prospects and drastically increases the opportunities for some franchises.

 

As it is, there had been some retrenchments while several large companies, including MAS, have announced their intentions.

 

Not all franchises will benefit from this opportunity. Your franchise must be optimed and well-honed, marketing wise.

 

Is your franchise prepared for this?