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Franchise & Business Opportunity News

Good Economic News Continues in Franchise Industry

Written on April 10th, 2009 by Joseph in Franchise Industry.

No matter where one looks, it seems that the franchise industry is not only withstanding the recession, but is, in fact, thriving.

Whether it’s the fast-food or quick-serve food franchises or senior care, there are plenty of stories of leaders who have worked smarter during the tough economic times and are now seeing their businesses pay off.

The Oregonian newspaper recently featured franchises that were withstanding the economic downturn better than sit-down restaurants. The article also pointed out the damper that the credit issues has put on opening new franchises. However, the White House recently announced plans to increase Small Business Administration loans to businesses.

In healthcare, Health News Digest.com recently profiled Senior Helpers, a franchise that is seeing double-digit growth during the midst of the recession. In the article, CEO and co-founder Peter Ross discussed that now is the time to take calculated risks before prices increase. Learn more about Senior Helpers.

These articles follow one last month in which Reuters reported a boom in franchising due to the number of laid-off executives.

No matter the gloom and doom in the overall economy, starting a franchise continues to be a bright spot for those willing to take a calculated risk.