In The News
Chicago Area Publication Highlights Franchised Business Growth in Slow Economy
Dec 21, 2011
FranNet Chicago owner says former corporate execs want control, independence
Upscale decor and expanded menu offerings are part of a new cafe concept being tested by Subway at a test store in Arizona. Food, retail and service are hot franchise opportunities, according to experts.
We at FranNet know new franchised businesses create local jobs but also like to see local media outlets recognize it. John McLellan, president of FranNet of Chicago, provided key insights to the Daily Herald Business Ledger, a suburban business publication, in an Oct. 21 article that hammered home how franchising is key to the U.S. economic recovery and why so many corporate workers look to franchise ownership as their next step.
“With the disappearance of corporate loyalty and the instability brought on by downsizing and buyouts, the greatest appeal to new franchise owners is not money, but control and independence,” John McLellan, president of FranNet of Chicago, a franchise consulting firm, told the Business Ledger.
“People want control of their future. They want to and are willing to invest in themselves rather than the stock market or with banks. Franchises give people the opportunity to ‘ be in business for themselves, but not by themselves.’”
To read the full article, click here.
“We are seeing great franchise candidates from many age groups and industries, and many of them want to be part of the economic recovery,” McLellan said in the article.
FranNet, a North American network of franchise consultants, uses a specific process to help clients evaluate franchise options and find the best match. Looking for a career alternative? Check out the Daily Ledger story and fill out our contact form. Franchising may be the answer.
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