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Expected American Job Cuts And The Home Business Franchises That Can Help
| Guest post by: Candice Clem |
Article Overview: Analysts expect some job markets to take a substantial hit in coming months, but home based business can be a good employment alternative.
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Free Download - Hottest Small Business Opportunities For The Summer By Candice Clem |
Expected American Job Cuts And The Home Business Franchises That Can Help
Unemployment has been slowly rising for awhile, but with all the economic troubles falling on the shoulders of businesses great and small, employer cutbacks appear to be getting worse. There are a few industries that have taken such a hit recently that their employment level is either already falling or expected to fall shortly.
Just over a week ago, CNN posted an article to show what industries were likely to see the largest cutbacks next, and their conclusions really don’t come as much of a surprise. The first on their list was the housing market, which recently saw its worst September since 1981. The finance industry has already seen 110,000 job losses in the last year, and it’s not looking like any changes to that pattern are in the wings. Retail came up as well; struggling as a market even before recession set in, the industry appears to be crawling toward its slowest holiday season since 2001, which means that seasonal hiring may be much lighter this year. Since advertisers are moving away from more expensive printed advertising, employment in the printing industry is also expected to take a hit. And to finish off the list, the automotive industry (primarily auto-production) and the travel market are also suffering, which means a gloomy outlook for two-million auto workers and countless airline and travel employees who are already being let go.
The research offers a bleak forecast, but the article closes with a ray of hope. One Chicago businesswoman from the personnel industry recommends that those laid-off work on honing skills they’ve acquired in one line of work so that they can be applied to an industry that may still be looking for help.
That’s a wise piece of advice. In fact, the loss of a job may be the perfect opportunity to take advantage of a work at home business opportunity. Many home business franchisees have claimed that being given a pink slip was the best thing that ever happened to them, because it forced them to drop a line of work they didn’t enjoy and take up a successful franchise which allowed them to be the entrepreneur they naturally were.
If changing industries sounds like a good move, and starting a home based business is an exciting prospect, here are some business opportunities worthy of a closer look.
WSI Internet
One of the dominant players in the recession-proof internet marketing industry, WSI Internet has been named one of the top 50 franchises in the world today. They’ve been in the industry for the last 11 years, and have stayed on the cutting edge of online marketing consultation from day one. Today, the primary responsibility of a franchisee is consulting clients in the best ways to exploit the internet for the purpose of marketing their businesses. Franchisees needn’t come with any past experience, but simply the willingness to learn the industry.
Rocket Vending
The way they describe their business is "vending with a conscience." Unlike almost all other vending businesses, this business for sale contributes a portion of every candy sale to a breast cancer organization of the franchisee’s choosing. The machines are built with a colorful, artistic design that attracts attention and spotlights the altruistic intent of the business. And to top everything off, the vending industry is recession-proof, making it a solid work at home business endeavor in all economic climates.
DVDNow
Claiming another corner of the vending market, DVDNow is one of the leading names in the growing industry of automated movie-rentals. Franchisees manage as many automated DVD machines as they can handle, placing the devices in public places like grocery stores, shopping centers, and malls to capitalize on a growing segment of movie-viewers who want renting a DVD to be quicker, more convenient, and cheaper than a traditional rental store can make it. This work from home business is not only resistant to recession, but may in fact be counter-recessive, as harder economic times drive more people to cheap forms of quick entertainment.
Undoubtedly, it’s a nerve-racking time for the American economy, but the shrinking of some markets is far from the collapse of all of them. The future is anything but lost, and getting through this difficult time is, in many ways, just a matter of keeping a stiff upper lip, trying something new, and taking advantage of whatever may come your way. The job market may not be strong, but that may simply afford people an opportunity to grow stronger instead.
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how much for a franchise fee?
- Dear Colleague
There is no easy answer to this question. Things to consider:
[list=]
The sizeof the Franchise
Clent base
Expected Turnover
Intellectual Property costs (recoup)
Number of Franchises
Number of employees
Original Set up costs
Franchise admin costs
An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc
The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000.
Hope that this gives you some idea
Take care
Ian[/list]
New Small Business Topic
- Hello everyone,
I'm on the lookout for new topics to add to my site. We just launched a Franchising section and are planning Human Resources section. Do you have any thoughts for a new section?
Here's a list of what we currently have:
Angel Investors
Branding
Bank Loans
Business Coaching
Business Plan
Franchises (New)
Insurance
Legal
Marketing
Public Relations
Sales
Small Biz Loans
Venture Capital
Re: How do you budget your life?
- Here is my financial management categories for today:
15% Long Term Savings;
10% Home Expenses;
45% Business and Marketing charges;
10% Friends (Meeting);
20$ Scientific and Law Books.
But this will change when it is August or September.
Orxan
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
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