Worsening Economy Is Driving Job Seekers To Self-Employment
Forced retirement, job cutbacks, and economic uncertainty all point to a safety net of a recession-proof franchise opportunity. Liberty Tax Service is experiencing a tremendous response to its franchise opportunity. “When job security goes away, many people decide to take the future into their own hands,” according to John Hewitt CEO and Founder of Liberty Tax Service. The company offers low start-up costs and the certainty of filing income tax returns to provide an enticing business opportunity that’s a part of the American way of life.
In 2008, the gloomy forecast is that corporate layoffs could increase up to 37 percent. Contrast that with the tax industry that historically has delivered a growing market of taxpayers every year. Approximately 62% of all taxpayers paid someone to prepare their taxes in 2008, up from 51% in 1994.
Liberty Tax and CEO John Hewitt are garnering many accolades for a superlative franchise opportunity that welcomes a diverse America to join its ranks. Hewitt has 39 years of tax industry experience, the most of any CEO in the tax preparation business. He is the only founder of two franchises that Entrepreneur magazine has ranked in the top 25 of their Franchise 500: Liberty Tax Service and Jackson Hewitt Tax Service.
“Our franchisees continue to be the cornerstone of our success. For the sixth year in a row, Liberty grew by more returns (raw numbers) than H&R Block and Jackson Hewitt combined,” noted Hewitt. “We are focused on providing an affordable opportunity for new franchisees, and great support so that our existing franchisees can add additional offices. These key factors will allow us to open a projected 400 new offices for tax season 2009.”
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