Only 11% of small business owners want to retire. 9 in 10 say they are happy with what they do.
79% of small business owners thought their savings would allow a comfortable lifestyle when they retire.
Small business owners have the luxury of when to retire. 40% plan to keep working as long as their health allows.
“ In other words, business owners overwhelmingly like what they do ” Gallup said.
Gallup Survey cont. The number of Americans planning to retire before age 65 has dropped from 50% in 1996 to 29% today, according to a recent Gallup survey of 1,020 adults. Meanwhile the proportion of people planning to work until after age 65 has increased steadily from 15% in 1996 to 34% this year.
A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration. Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees).
In addition to a well-known brand name, buying a franchise offers many other advantages that aren't available to the entrepreneur starting a business from scratch. Perhaps the most significant is that you get a proven system of operation and training in how to use it. New franchisees can avoid a lot of the mistakes startup entrepreneurs typically make because the franchisor has already perfected daily operations through trial and error.
A new franchise business opens every 8 minutes of every
Approximately 1 out of every 12 businesses in the US is a franchise business.
In the US, only 8% of retail businesses are franchised. But that 8% makes up for over 40% of the retail sales in the US.
There is only 1 franchise bankruptcy to every 40 independent business bankruptcies in North America.
There are over 75 industries that use franchising to distribute goods and services to consumers. Franchising is responsible for 760,000 businesses, 18 million jobs, 14% of the private sector employment and over $500 billion in payroll.
95% of franchises are still in business after 5 years. The likelihood a self-launched business will still be in business after 5 years is 47%. Buying a franchise more than doubles your chance to survive as a business owner.
Item 1. The Franchisor and any Parents, Predecessors, and Affiliates Item 2. Business Experience Item 3. Litigation Item 4. Bankruptcy Item 5. Initial Fees Item 6. Other Fees Item 7. Estimated Initial Investment Item 8. Restrictions on Sources of Products and Services Item 9. Franchisee's Obligations Item 10. Financing Item 11. Franchisor's Assistance, Advertising, Computer Systems, and Training Item 12. Territory Item 13. Trademarks Item 14. Patents, Copyrights, and Proprietary Information Item 15. Obligation to Participate in the Actual Operation of the Franchise Business Item 16. Restrictions on What the Franchisee May Sell Item 17. Renewal, Termination, Transfer, and Dispute Resolution Item 18. Public Figures Item 19. Financial Performance Representations Item 20. Outlets and Franchisee Information Item 21. Financial Statements Item 22. Contracts Item 23. Receipts
A qualified franchise attorney should always be consulted before signing
The unemployment rate reached 9.8% in November 2010. The number of unemployed persons was 15.1 million. The number of long-term unemployed (those jobless for 27 weeks and over) was at 6.3 million and accounted for 41.9% of the unemployed.
The unemployed in the US spends 40 minutes a day looking for work and 3 hours and 20 minutes a day watching TV.
The average job search in America now lasts 33 weeks. Thirty-three weeks – more than 8 months – is the longest it has taken Americans to find work since 1948.
More jobs were lost in 2008 than were created in the last 5 years. In 2009, more jobs were lost than existed in The Great Depression.
In 2008, 67.7% of the labor force was between the ages of 25-54, and only 18.1% of the labor force population was over the age of 55.
The Bureau of Labor Statistics conducted a 20-year longitudinal study that focused on the number of jobs held and job duration among baby boomers. Among jobs started, 33% ended in less than a year, and 68% ended in fewer than 5 years. Individuals
held an average of 11 jobs from age 18 to 44, meaning