Are you waiting it out for a high paying job as soon as the recession clears? Have you decided not to start your own business because you feel the job market will pick up as soon as the economy comes back online?

Well, I hate to burst your bubble but not every recessionary recovery coincides with job growth. Although the president of the United States has promised that his stimulus package will provide millions of jobs, there are still no guarantees. The economic reality behind that statement is more of a political pledge to get everyone on the same page to go along with the taxpayer financed reinvestment in our economic growth, than a guarantee.

For instance, in the 1990-1991 economic expansion after the recession, we did not find increased employment. And in 2001 there was also a jobless recovery according to several articles and data graphs from Success Magazine during that period. So if you are holding out and we waiting to get a job until the economy turns around in 2010 you may be waiting in vain and not find meaningful work or an excellent job with good pay until 2012.

Now, I know that is scary stuff for a good many Americans, but it is the truth. One option might be to buy your own franchise and get yourself to work right away; knowing you can never be laid off or fired again; because you own the company.

There are many franchisors right now that are waving franchise fees or they are financing the franchisees and many of them also have approved vendors that are willing to finance these franchised outlets.

This means you can start work right away and even if your business does not have an ROI between now and the recovery, at least you are working and you are building your own business so can get a return on investment and reach a point of profitability hopefully equally whatever you were making before you were laid off previously. Please consider all this.

Lance Winslow is a retired franchisor – Lance Winslow’s Bio. Lance Winslow is formerly the CEO of WashGuys family of franchises which Lance;

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