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Trend Report: Boomer Entrepreneurship


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Pat Deering, owner of FranNet of Greater Tampa Bay presented on "Why Boomers Are Turning to Franchising" for Trend Report 4 on Boomer Entrepreneurship.

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Trend Report: Boomer Entrepreneurship

  1. 1. Trend 4 Why Boomers are turning to franchising
  2. 2. <ul><li>An AARP study estimates </li></ul><ul><li>that 1/3 of </li></ul><ul><li>workers age </li></ul><ul><li>50 and older </li></ul>will eventually go into business for themselves.
  3. 3. Many businesses thrive in all economic conditions <ul><li>Growing markets driven by demographics </li></ul><ul><ul><li>Ex: Senior Care, Residential Repairs & Cleaning </li></ul></ul><ul><li>Essential services </li></ul><ul><ul><li>Ex: Hair Care, Automotive, Damage Restoration </li></ul></ul><ul><li>Business that help other small businesses thrive </li></ul><ul><ul><li>Business Coaching, Sales Training, Expense Analysis </li></ul></ul>
  4. 4. Not Just Fast Food <ul><li>FACT : </li></ul><ul><li>Over 3,100 different franchise companies </li></ul><ul><li>In more than 80 industries </li></ul><ul><li>With over 900,000 operating units </li></ul>
  5. 5. Not That Expensive Franchise Times Magazine Survey, Franchising is All Right, Thank You Total Investment Percent Under $100k 52.5% $100 to $250k 32.7% $250 to $500k 9.2% Over $500k 5.6%