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Joel Libava has a very enlightening piece over at Small Business Trends on franchise trends in 2009. Joel sees the current market climate as actually benefitting the franchise scene.
The gyrations of the stock market during the last quarter of 2008 have left many investors skittish. This skittishness trickles down to the financially successful 45-55 year olds, who have seen their net worths go up and down 25+%. Franchisors draw from this pool of people, some of whom may be downsized from their current jobs, and who want to pursue entrepreneurial ventures.
Joel looks at ten different areas where there will be franchise opportunities in 2009 – green businesses, recession resistant businesses, and even technology. You can read the article here.
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