Tom’s Franchise Information Blog

This Article was brought to you by:

• Capture YouTube Video
• YouTube Converter Online
• Expert Auto Insurance
• Free Article Spinner
• Atlanta Criminal Defense Lawyers
• Computer Diagnostic
• Free Online Dating
• PHP Email Form
• San Jose Costa Rica
• Tax Attorneys
• IRS Debt Tax Relief

McDonald’s and Burger King are two very well known franchise brands - but what do they all have in common? Both franchises were started up during a time of recession.

It is interesting that many people’s reaction to losing their job and redundancy is to focus on a franchise business as a means of self employment with supportive backup. After the initial shock of redundancy, many individuals that have been sitting on the idea of empowerment via self employment, becoming pro-active and highly focussed on their next step to get back into business.

Now is a fantastic time to look at franchising as a secure route to self employment with more franchise opportunities available than ever before. As well as researching options available online, there are numerous exhibitions and publications that can be used to find helpful information.

Economic conditions

The British Bankers’ Association (BBA) figures for “small businesses establishing new banking relationships” show 142,500 in the first quarter of 2009. The same period last year saw these figures at 142,700. In the light of the current recession, these statistics are seen to be highly encouraging.

BBA figures also show a 5% rise in lending to small businesses in the first quarter of this year compared to the same period in 2008.

Managing Director of Barclays Local Business, Steve Cooper has commented that Barclays are seeing the start-up sector being more resilient than they thought it would be.

These figures are a good guide to the level of start-up business activity in the UK and they give encouraging signs in the midst of the current economic environment.

Nick Strong is MD of Select Your Franchise and a leading Franchise Expert in the UK Franchise Market. Read more in Nicks Franchise Blog or visit our Franchise Opportunities site to find out more about Select Your Franchise.

Useful Links:

"Succesful money management is essential to getting yourself out of debt."