These franchisees exemplify the advantages of a nontraditional perspective.
4 min read
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As the community faces a new reality resulting from unprecedented circumstances, motivated entrepreneurs are seeking to control their job security through acquiring a business.
This new landscape also means the common profile of a modern franchisee business owner is shifting from older stereotypes, with many new entrants bringing nontraditional backgrounds and experiences.
Consider these new faces of the franchise community and the advantages they have over the usual franchisee.
Young people that have a zest for automation and technology are joining the ranks and bringing a fresh perspective to a mature industry. Many are forgoing traditional educational institutions in lieu of business ownership. The average tuition of an in-state public college for one year is $25,000. Based on a four-year degree without scholarships, a college student graduates with a $100,000 loan. On the other hand, young people can purchase a franchise concept that focuses on leadership development for small to large companies for an investment of $20,000.
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