While industries across all categories struggled to make ends meet during the economic downturn that began in 2008, those investing in a franchise opportunity were relatively insulated from the veering ups and downs of the financial crisis.
This security unsurprisingly attracted many business people, convincing them to open up shop even when money was tight.
As more individuals flocked to franchising, a trend emerged, revealing an increase in the number of high-ranking corporate executives choosing to enter the industry.
This came as more of them saw their positions as less secure.
“Franchisees have shared with me that they have seen their equity greatly increase, well beyond what their 401(k)s produced during the recession and in years before 2008,†shares Jay Contreras, Liberty Tax Area Developer of Laredo, TX.