trend report: boomer entrepreneurship
DESCRIPTION
Pat Deering, owner of FranNet of Greater Tampa Bay presented on "Why Boomers Are Turning to Franchising" for Trend Report 4 on Boomer Entrepreneurship.TRANSCRIPT
Trend 4
Why Boomers are turning to franchising
Why Boomers are turning to franchising
An AARP study estimatesthat 1/3 ofworkers age50 and older
will eventually go into business for themselves.
Many businesses thrive inall economic conditions
Many businesses thrive inall economic conditions
Growing markets driven by demographics• Ex: Senior Care, Residential Repairs & Cleaning
Essential services• Ex: Hair Care, Automotive, Damage Restoration
Business that help other small businesses thrive• Business Coaching, Sales Training, Expense Analysis
Not Just Fast FoodNot Just Fast Food
FACT: • Over 3,100 different
franchise companies • In more than 80
industries • With over 900,000
operating units
Not That ExpensiveNot That Expensive
Total Investment Percent
Under $100k 52.5%
$100 to $250k 32.7%
$250 to $500k 9.2%
Over $500k 5.6%Franchise Times Magazine Survey, Franchising is All Right, Thank You