Older Workers, Fedup of Routine, Turn to Franchising
An increasing number of old geezers are sprouting their 401(k) wings and flying off to quasi-entrepreneurial land of franchising.
It is a happening place to be. The International Franchise Association (www.franchise.org) in Washington, estimates that the ranks of franchised businesses have increased to 850,000 from 760,000 six years ago, and says that from 2003 to 2005, the number of “franchise concepts” shot up by 900, to 2,500. Franchising cuts across 75 industries and generates one out of seven jobs in the private sector, the trade group says.
For people with long workplace experience and discontent with the tedium of their jobs, or of retirement, plus a nest egg waiting to be raided, it can be a happy hunting ground.
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