State Unemployment Information

There is no doubt that our unemployment rates in the United States has hit an incredible number, and that this recession has been one of the worst in several decades. We are told that the unemployment rate is just over 10%, but the reality is that if we really honestly look the numbers which are stated and the actual state of affairs and condition of our economy it is probably more like 16%. That means that many people who are trying to get jobs cannot, and have even given up.

As their unemployment benefits stop, many of them are looking to turn to perhaps self-employment as a last resort. As a former franchisor and having lived through a couple recessions, I often noted that franchise buyers would tell me they have no choice but to buy a franchise because they can’t get a job in their industry of expertise. Still, I was reluctant to sell franchises to those sorts of folks in that condition for a number of reasons.

The first reason of course being that if they’d been laid off for too long they had no money to purchase the franchise, or the ability to handle, or secure the working capital needed as their franchise business got going. The second reason was because they did not have their heart into it, rather they were doing it out of necessity, not out of desire to succeed in a business of their own, specifically our franchise offer.

If you are in this position, and considering on purchasing a franchise as a last resort, I’d like to tell you that this is a very bad idea. Franchising is hard work, it takes lots of money to get going, and if you’re not into it 100%, you have a much greater chance of failure. No sense in adding more misery to your current condition. I hope you will please consider this, as you consider your career options going into the future.