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Franchise Field Teeming With Generation Y

Written on September 12th, 2007 by Ryan Lee in Franchise Industry.

According to the survey conducted by RainmakerThinking, Inc., over 22 percent of the young entrepreneurs who are into the franchising business are representatives of the Generation Y i.e. people born between the years 1978 and 1989. It has been estimated that around 10 million more young entrepreneurs would be joining the franchising industry by 2010. Moreover, the age of more than 13% of franchise owners is between 18 and 34 years. As today’s generation Y’ers are more independent-minded and want to be their own boss, many of them are finding the field of franchising their true calling! The entrepreneurial passion burning within them plays a crucial role in bringing success to these young business owners!

This generation strives hard to prove themselves in their work field, thanks to their young age and high level of energy. Being go-getters by nature, they always put forward their best performances in order to get the professional rewards they are aiming for. They not only have their work done in time, but also achieve the highest quality level. Being well-informed and technologically savvy, these people have reasons to become a part of the franchising industry. Though they lack experience, they can be easily molded as per the franchisor’s business model. They are more willing to know the tricks of the business and quite enthusiastic about undergoing the effective training programs offered by the parent organizations.

Variety is another key factor that brings these thousands of this generation into the franchising business. They are choosing the franchising opportunity that can give them the most satisfying and professionally rewarding time. With so much scope of financial growth in different franchising fields, this profession has turned out to be the ultimate haven for young business people.

Whether you’re a Generation Y, or just young-at-heart, start exploring your franchise future today. brandEXPANSION offers hundreds of great franchise opportunities. And First Prize Franchise can help you figure out how to finance the new venture.

If you have further questions in your mind, get in touch with the brandEXPANSION consultants.

One Response to “Franchise Field Teeming With Generation Y”

Tips for Gaining Respect as a Young Entrepreneur | FirstPrizeFranchise.com - Franchise Opportunities, Business Franchise, Franchise Information, Business For Sale Left at 9:21 am on February 18th, 2008
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[…] young people are looking to start their own business instead of working for others. They are hard-working individuals with great entrepreneurial skills. But one of the biggest obstacles in their pathway to success is their age. The business world […]